Shipping Insurance Market Witness Huge Growth 2023

Shipping Insurance Market Witness Huge Growth 2022

Market Overview

The Shipping Insurance market revenue was xx.xx Million USD in 2017, grew to xx.xx Million USD in 2021, and will reach xx.xx Million USD in 2027, with a CAGR of x.x% during 2022-2027.

The maritime transportation sector has been growing steadily over the past few years. The growth of maritime trade has increased the demand for shipping insurance. Shipping insurance is a type of insurance that covers the loss or damage of cargo during transit. It is an important part of the logistics and supply chain management system as it protects the interests of both the buyer and the seller.

The market for shipping insurance is driven by the growth of global trade and the maritime industry. The increase in international trade has resulted in a rise in the number of goods being transported via ships, which has increased the demand for shipping insurance. The maritime industry is also growing due to the increasing number of vessels being built and the expansion of existing fleets. This growth is expected to continue over the forecast period, which will drive the demand for shipping insurance.

Competitive Landscape

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence.

Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Major Players in Shipping Insurance market are:

  • Allianz
  • Unishippers
  • Fedex
  • UPS
  • USPS
  • Shipsurance USA
  • AIG US
  • Travelers
  • Arpin International Group
  • Parcel Insurance Plan PIP USA
  • InsureShip
  • Chubb
  • U-PIC
  • CargoCover®


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Segmentation Outlook

This report has provided the market size (production and revenue data) by application, during the historical period (2017-2022) and forecast period (2023-2028).

 By Type:

  • Cargo Insurance
  • Hull and Machinery Insurance
  • Marine Liability Insurance
  • Offshore/Energy Insurance

 By Distribution Channel:

  • Wholesalers
  • Retail Brokers
  • Others  

 By End User:

  • Ship Owners
  • Traders
  • Others

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028.

The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2022 and forecast value for 2028.

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Shipping Insurance market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Shipping Insurance market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.

  • This report will help stakeholders to understand the global industry status and trends of  Shipping Insurance market and provides them with information on key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
  • This report stays updated with novel technology integration, features, and the latest developments in the market
  • This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the  Shipping Insurance market industry.
  • This report helps stakeholders to gain insights into which regions to target globally
  • This report helps stakeholders to gain insights into the end-user perception concerning the adoption of  Shipping Insurance.
  • This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Table of Content

Global Shipping Insurance Industry Market Research Report

1 Shipping Insurance Introduction and Market Overview

2 Industry Chain Analysis

3 Global Shipping Insurance Market, by Type

4 Shipping Insurance Market, by Application

5 Global Shipping Insurance Production, Value ($) by Region

6 Global Shipping Insurance Production, Consumption, Export, Import by Regions

7 Global Shipping Insurance Market Status and SWOT Analysis by Regions

8 Competitive Landscape

9 Global Shipping Insurance Market Analysis and Forecast by Type and Application

10 Shipping Insurance Market Analysis and Forecast by Region

11 New Project Feasibility Analysis

12 Research Finding and Conclusion

13 Appendix

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