Logistics Insurance Market Driven by Rapid Urbanization in Asia Pacific

Published On : 16 Aug 2017

QYResearchReports.com announces the addition of a new report to its growing market intelligence repository. The report presents a detailed assessment of the global logistics insurance market by profiling the segmentation of the market as well as the key companies operating in it. The report is titled ‘Global Logistics Insurance Market Size, Status and Forecast 2022.’

Logistics insurance has become a vital sector in recent years due to the rising need for mobility in business operation. Rising need for long-distance shipping has led to logistics playing an important role in the bottom line of businesses, which has led to growth of the logistics insurance market. The risk of products being damaged during shipping has led to widespread adoption of logistics insurance schemes, as the intense competition in the business sector has minimized the scope for errors. 

By application, the global logistics insurance market is segmented into marine, inland, and aviation logistics insurance. Inland logistics insurance is a dominant segment of the market due to its longstanding use, but rising use of marine and aviation channels for shipping is likely to increase the share of these segments in the global logistics insurance market in the coming years. 

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Geographically, the global logistics insurance market is segmented into the U.S., the EU, China, Japan, India, and Southeast Asia. The U.S. and the EU are the dominant contributors to the global logistics insurance market due to the rising amount of trade in these developed regions. However, the rapid urbanization in emerging regions in Asia Pacific is likely to emerge as a key contributor to the global logistics insurance market in the coming years. The booming industrial sector in these countries and the growing consumer demographic in urban centers in the region is likely to drive the demand from the logistics insurance market.

By type, the global logistics insurance market is segmented into property insurance and cargo transportation insurance. The report presents 2012-2017 profiles for each key segment of the logistics insurance market and further provides readers with forecasts for the market till 2022. This helps present a comprehensive picture of the logistics insurance market to readers. 

The competitive dynamics of the global logistics insurance market are assessed in detail in the report. Current trends in the logistics insurance market are examined in the report, which also provides a review of the key technology trends likely to dominate the logistics insurance market in the coming years. Key companies examined in the report include AGCS, Integrity Transportation Insurance Agency, Liberty Mutual Insurance, Aon, Swiss Re, Atrium, Zurich Insurance, Marsh, Arthur J. Gallagher, Samsung Fire and Marine Insurance, Gard, Chubb, XL Group Public Limited, Beazley, Peoples Insurance Agency, Tokio Marine Holdings, and Thomas Miller. 


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