Home Industry Reports Custom Research Blogs About Us Contact us

Logistics Insurance Market Size & Share, By Coverage Type (Cargo Insurance, Marine Services Liability), Industry (Transportation, Marine), End User, Regional Forecast, Industry Players, Growth Statistics Report 2023-2030

Report ID: FBI 1479


Published Date: Sep-2023


Format : PDF, Excel

Market Outlook:

Logistics Insurance Market size surpassed USD 53.59 Billion in 2022 and is poised to reach USD 77.5 Billion, growing at over 3.22% CAGR between 2023 and 2030. With the increasing complexity and globalization of supply chains, logistics insurance has become crucial for businesses operating in the logistics industry.

Base Year Value (2022)

USD 53.59 Billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2030)


18-23 x.x %
24-33 x.x %

Forecast Year Value (2030)

USD 77.5 Billion

18-23 x.x %
24-33 x.x %
Logistics Insurance Market

Historical Data Period


Logistics Insurance Market

Largest Region

North America

Logistics Insurance Market

Forecast Period


Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunities:

1. Rising need for risk management: With the growing complexities of supply chains, logistics companies face numerous risks including transportation accidents, cargo theft, natural disasters, and regulatory compliance issues. As a result, the demand for logistics insurance is increasing as companies seek to mitigate the financial impact of such risks.

2. Expansion of e-commerce: The rapid growth of e-commerce has significantly impacted the logistics industry, leading to increased transportation volumes and complex distribution networks. This expansion presents opportunities for logistics insurance providers as e-commerce companies require comprehensive coverage to protect their goods during transit.

3. Increasing globalization: Global trade has witnessed tremendous growth, driven by multinational corporations and emerging economies. As logistics companies serve global markets, the need for insurance coverage to protect against cross-border risks has become critical. This trend is expected to fuel the demand for logistics insurance.


Industry Restraints & Challenges:

Report Scope

Report CoverageDetails
Segments CoveredCoverage Type, Industry, End User,  Region
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledAmerican International Group,, Allianz, DB Schenker, Peoples Insurance Agency, United Parcel Service of America,, AXA SA, Thomas Miller Group, Concord, AsstrA-Associated Traffic AG, Arch Group

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!

1. High competition and price pressure: The logistics insurance market is highly competitive, with numerous players vying for market share. This intense competition leads to price pressure, affecting profit margins for insurers. Companies need to find innovative ways to differentiate their offerings and build strong customer relationships.

2. Evolving regulatory environment: The regulatory landscape governing the logistics industry is constantly evolving. Compliance with various international, regional, and domestic regulations adds complexity for logistics insurance providers, requiring continuous monitoring and adjustments to policies. Keeping up with these changes poses a challenge for insurers in the market.

3. Limited awareness and understanding: Despite the increasing risks associated with logistics operations, a significant number of businesses still lack awareness and understanding of the importance of logistics insurance. This lack of knowledge presents a challenge for insurance providers to educate potential clients and expand their customer base.

In conclusion, the logistics insurance market is poised for significant growth as logistics companies recognize the need to mitigate risks and protect their assets. With the increasing complexities of global supply chains and the expansion of e-commerce, the demand for logistics insurance is expected to rise. However, market participants need to address challenges such as intense competition, evolving regulations, and limited awareness to capitalize on the market's growth potential.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Logistics Insurance Market
Logistics Insurance Market

Regional Forecast:

The logistics insurance market is expected to experience significant growth across regions such as North America, Asia Pacific, and Europe in the coming years.

North America

North America is projected to hold a prominent share in the logistics insurance market due to the well-established and constantly growing logistics industry in countries like the United States and Canada. The increasing demand for efficient supply chain management and the rising trend of outsourcing logistics services are driving the growth of the logistics insurance market in North America. Additionally, the presence of major players offering comprehensive insurance coverage and the adoption of advanced technologies in logistics operations further boost market growth in this region.

Asia Pacific

In the Asia Pacific region, the logistics insurance market is anticipated to witness substantial growth owing to the growing e-commerce industry, rising industrialization, and the expansion of transportation networks across countries like China, India, and Japan. Moreover, favorable government initiatives supporting the development of logistics infrastructure and the increasing demand for innovative insurance solutions tailored to the specific needs of logistics players stimulate the market growth in the Asia Pacific region.


Europe is also expected to witness significant growth in the logistics insurance market. Factors such as the presence of well-established logistics and transportation networks, the increasing adoption of advanced technologies in logistics operations, and the rising focus on risk management and loss prevention contribute to the market growth in this region. Additionally, the stringent regulations imposed by regulatory authorities regarding cargo safety and transportation requirements drive the demand for logistics insurance in Europe.

Get more details on this report -

Segmentation Analysis:

The logistics insurance market can be segmented based on various factors. These segments include:

1. Type of Insurance:

- Cargo Insurance: Cargo insurance plays a crucial role in protecting goods during transit against losses or damages caused by various perils such as theft, accidents, fires, or natural disasters. It provides financial coverage for loss or damage to cargo while it is being transported.

2. Mode of Transport:

- Road Transport Insurance: Road transport insurance covers the risks associated with goods transported via roadways. It protects against accidents, theft, damages, and other perils that may occur during road transportation. This segment is driven by the increasing dominance of road transportation in the logistics industry.

3. End-User:

- Freight Forwarders Insurance: Freight forwarders insurance focuses on the specific insurance needs of freight forwarding companies. It provides coverage for liabilities arising from cargo loss or damage, errors in documentation and paperwork, delays, and other risks associated with the freight forwarding process. This sub-segment caters to the insurance requirements of freight forwarders, ensuring smooth operations and risk mitigation.

Get more details on this report -

Competitive Landscape:

The logistics insurance market is highly competitive with the presence of several key market players. The competitive landscape is characterized by companies offering a wide range of insurance products and services tailored to the specific needs of logistics players. Some prominent market players in the logistics insurance market include:

- Aon PLC

- Expeditors International

- Marsh LLC

- Liberty Mutual

- Chubb Limited

- AIG (American International Group)

- Allianz Group

- Zurich Insurance Group

- New India Assurance Company Ltd.

These players engage in strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their market position and expand their customer base. With the rising demand for logistics insurance, market players strive to provide innovative solutions and comprehensive coverage to gain a competitive edge in the market.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Logistics Insurance Market Size & Share, By Covera...

RD Code : 24