Freightage Insurance Market Revenue was valued at USD 16.5 Billion in 2024 and is estimated to reach USD 28.3 Billion by 2033, growing at a CAGR of 6.4% from 2026 to 2033.
The global Freightage Insurance market was valued at USD 26.5 billion in 2022, with a projected compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. The increasing demand for secure shipping services, coupled with the rapid expansion of global trade, is driving market growth. The market size in North America reached USD 8.1 billion in 2022, while Europe followed with a market value of USD 7.3 billion. Asia Pacific, expected to experience the highest growth rate, was valued at USD 6.4 billion, driven by the regions strong manufacturing sector and increasing export import activities. Latin America and the Middle East & Africa contributed to the remaining market share, with USD 2.7 billion and USD 2 billion, respectively, in 2022.
Regional opportunities in the Freightage Insurance market are substantial, particularly in Asia Pacific, where a rise in cross border e commerce, expanding supply chains, and growing infrastructure investments contribute to market potential. Europe and North America, while already established markets, are witnessing steady growth driven by regulatory developments and an increase in consumer demand for shipment protection. Emerging markets in Latin America and the Middle East & Africa show potential for increased adoption of Freightage Insurance services due to the growing trade volumes and logistical developments in these regions. The CAGR in Asia Pacific is expected to surpass 6.5% over the forecast period, indicating significant opportunities for insurers and stakeholders in the industry.
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Allianz
Munich RE
Generali
AXA
Hanse Merkur
Groupama
Mapfre Asistencia
AIG
CSA Travel Protection
USI Affinity
Seven Corners
MH Ross
Tokio Marine
Sompo Japan
Pingan Baoxian
STARR
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Freightage Insurance Market
Marine Insurance
Air Cargo Insurance
Land Cargo Insurance
Inland Marine Insurance
All-Risk Coverage
Named Perils Coverage
Carrier Liability Coverage
Excess Cargo Insurance
Single Shipment Policy
Annual Policy
Term Policy
Project Cargo Insurance
Manufacturing
Retail and E-commerce
Aerospace and Defense
Automotive
Pharmaceuticals and Healthcare
Insurance Brokers
Direct Sales
Online Insurance Platforms
Agents and Intermediaries
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Freightage Insurance Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Freightage Insurance Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Freightage Insurance Market, By Type
6. Global Freightage Insurance Market, By Application
7. Global Freightage Insurance Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Freightage Insurance Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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