Report overview
Commercial truck insurance provides coverage for vehicles used by businesses. These could be vehicles purchased for sole use of the business itself, or personal vehicles used for business purposes. Commercial truck insurance operates similarly to personal auto insurance, covering collision, property damage, medical payments, and other costs that could result either from driving mistakes or damages caused by sources outside one?s control. Personal insurance however, cannot usually be used for vehicles that are driven for business purposes. This is where commercial insurance steps in, since it can cover vehicles that regular auto insurance would not.
This report aims to provide a comprehensive presentation of the global market for Commercial Truck Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Truck Insurance. This report contains market size and forecasts of Commercial Truck Insurance in global, including the following market information:
Global Commercial Truck Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Commercial Truck Insurance market was valued at US$ 110890 million in 2022 and is projected to reach US$ 172410 million by 2029, at a CAGR of 6.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Commercial Truck Insurance Liability Insurance and Physical Damage Insurance and Other. As of 2018, Physical Damage Insurance segment dominates the market contributing more than 66% of the total market share, reach to 30137 million dollars. The commercial truck Insurance market is fragment market; key players include PICC, Progressive Corporation, Ping An Insurance, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group, Zurich, CPIC, Nationwide, Mitsui Sumitomo Insurance, Aviva, Berkshire Hathaway, Old Republic International, Auto Owners Grp., Assicurazioni Generali, MAPFRE, Chubb, AmTrust NGH the premium of top ten manufacturers accounts about 20.76% of the total premium.
We surveyed the Commercial Truck Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Commercial Truck Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Commercial Truck Insurance Market Segment Percentages, by Type, 2022 (%)
Compulsory Insurance
Optional Insurance
Global Commercial Truck Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Commercial Truck Insurance Market Segment Percentages, by Application, 2022 (%)
Semi-trailer Truck
Dump Truck
Tank Truck
Car Haulers
Others
Global Commercial Truck Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Commercial Truck Insurance Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Commercial Truck Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Commercial Truck Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
PICC
Progressive Corporation
Ping An
Travelers Group
AXA
Sompo Japan
Liberty Mutual Group
Tokyo Marine
CPIC
Zurich
Old Republic International
Nationwide
Aviva
Mitsui Sumitomo Insurance
Assicurazioni Generali
Berkshire Hathaway
Auto Owners Grp
Chubb
AmTrust NGH
MAPFRE
Outline of Major Chapters:
Chapter 1: Introduces the definition of Commercial Truck Insurance, market overview.
Chapter 2: Global Commercial Truck Insurance market size in revenue.
Chapter 3: Detailed analysis of Commercial Truck Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Commercial Truck Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
