What is Logistics Insurance Market Scope?
Logistics insurance is an insurance that offers a protective cover against the damage/injury or loss to business in exchange for a premium because of interruption in the logistics chain. These are in the form of risk management which includes various forms of compensation benefits such as protection cover for vehicles against damage or loss and for property and compensation for accidental death. Growing expectation towards personalized insurance products and services are encouraging the market to grow in forecasting years.
The Logistics Insurance market study is being classified by Type (Transportation Insurance, Marine Insurance, Inland Insurance and Aviation Insurance), by Application (Manufacturing, Services and Commerce) and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Logistics Insurance market throughout the predicted period.
American International (United States), Allianz (Germany), DB Schenker (Germany), Dawson (United States), G4S International Logistics (United States), Integrity Transportation Insurance (United States), Liberty Mutual Insurance (United States), Peoples Insurance Agency (United States), UPS Capital (United States) and Wells Fargo (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Logistics Insurance market by Type, Application and Region.
On the basis of geography, the market of Logistics Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Growing Popularity for Tracking Cargos Among Shippers
- Adoption of Cloud- and Mobile-Based Technologies for Logistics Insurance
- Acceptance of Digital Insurance Globally
Market Drivers
- Growing Usage of Smartphones in Both Developed and Emerging Markets.
- Increase in Disposable Income of Consumers to Purchase Products and their Insurance
- The increasing Customer Expectation for Personalized Insurance Products and Services
Opportunities
- The Rapid Growth of the Transportation Industry in Emerging Economies
Restraints
- Issue Related to Import/Export Trade and Tariff
- Communication Problems Related to the Delivery of Products
Challenges
- Issue Related to Hard Insurance Market Characteristics
Key Target Audience
Logistics Insurance Distributors/Traders/Wholesalers, Logistics Insurance Subcomponent Manufacturers, Industry Association, Downstream Vendors and Others
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.