New Analysis from Global Industry Analysts Reveals Modest to Flat Growth for Logistics Insurance, with the Market to Reach $68.2 Billion Worldwide by 2026

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Logistics Insurance - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 951
Companies: 31 - Players covered include Aon PLC; Atrium Corporation; Beazley Group; Gard AS; Liberty Mutual Insurance; Mitsui Sumitomo Insurance Company, Limited; Peoples Insurance Agency; Samsung Fire & Marine Insurance Co., Ltd.; Sompo Japan Nipponkoa Insurance Inc.; Swiss Re Ltd; Tokio Marine Holdings, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Marine Insurance, Inland Insurance, Aviation Insurance)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Logistics Insurance Market to Reach $68.2 Billion by 2026
Amid the COVID-19 crisis, the global market for Logistics Insurance estimated at US$64.3 Billion in the year 2020, is projected to reach a revised size of US$68.2 Billion by 2026, growing at a CAGR of 0.9% over the analysis period. Marine Insurance, one of the segments analyzed in the report, is projected to record a 1.1% CAGR and reach US$38.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Inland Insurance segment is readjusted to a revised 0.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $17.7 Billion in 2021, While China is Forecast to Reach $12.4 Billion by 2026
The Logistics Insurance market in the U.S. is estimated at US$17.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.4 Billion by the year 2026 trailing a CAGR of 2.1% over the analysis period. Within Europe, Germany is forecast to grow at approximately 0.1% CAGR.

Aviation Insurance Segment to Reach US$9.2 Billion by the year 2026
In the global Aviation Insurance segment, USA, Canada, Japan, China and Europe will drive the 0.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.7 Billion in the year 2020 will reach a projected size of US$6.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.