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Global Commercial Auto Insurance Market Research Report 2024
Synopsis
Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy. This type of business insurance covers many types of commercial vehicles—from automobiles used for business purposes, including company cars, to a wide variety of commercial trucks and vehicles.
The global Commercial Auto Insurance market was valued at US$ 141070 million in 2023 and is anticipated to reach US$ 220360 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.
Major companies in the industry include PICC, Progressive Corporation and Ping An Insurance, which accounted for 5.03%, 3.82% and 3.41% of revenue in 2019, respectively. By region, Europe had the highest share of income, at 35.56%.
This report aims to provide a comprehensive presentation of the global market for Commercial Auto 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 Auto Insurance.
Report Scope
The Commercial Auto Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Commercial Auto Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Commercial Auto Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PICC
Progressive Corporation
Ping An
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.
Generali Group
MAPFRE
Chubb
AmTrust NGH
Segment by Type
Liability Insurance
Physical Damage Insurance
Others
Segment by Application
Passenger Car
Commercial Vehicle
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Commercial Auto Insurance companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy. This type of business insurance covers many types of commercial vehicles—from automobiles used for business purposes, including company cars, to a wide variety of commercial trucks and vehicles.
The global Commercial Auto Insurance market was valued at US$ 141070 million in 2023 and is anticipated to reach US$ 220360 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.
Major companies in the industry include PICC, Progressive Corporation and Ping An Insurance, which accounted for 5.03%, 3.82% and 3.41% of revenue in 2019, respectively. By region, Europe had the highest share of income, at 35.56%.
This report aims to provide a comprehensive presentation of the global market for Commercial Auto 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 Auto Insurance.
Report Scope
The Commercial Auto Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Commercial Auto Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Commercial Auto Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
PICC
Progressive Corporation
Ping An
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.
Generali Group
MAPFRE
Chubb
AmTrust NGH
Segment by Type
Liability Insurance
Physical Damage Insurance
Others
Segment by Application
Passenger Car
Commercial Vehicle
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Commercial Auto Insurance companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Commercial Auto Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Liability Insurance
1.2.3 Physical Damage Insurance
1.2.4 Others
1.3 Market by Application
1.3.1 Global Commercial Auto Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Commercial Auto Insurance Market Perspective (2019-2030)
2.2 Commercial Auto Insurance Growth Trends by Region
2.2.1 Global Commercial Auto Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Commercial Auto Insurance Historic Market Size by Region (2019-2024)
2.2.3 Commercial Auto Insurance Forecasted Market Size by Region (2025-2030)
2.3 Commercial Auto Insurance Market Dynamics
2.3.1 Commercial Auto Insurance Industry Trends
2.3.2 Commercial Auto Insurance Market Drivers
2.3.3 Commercial Auto Insurance Market Challenges
2.3.4 Commercial Auto Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Commercial Auto Insurance Players by Revenue
3.1.1 Global Top Commercial Auto Insurance Players by Revenue (2019-2024)
3.1.2 Global Commercial Auto Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Commercial Auto Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Commercial Auto Insurance Revenue
3.4 Global Commercial Auto Insurance Market Concentration Ratio
3.4.1 Global Commercial Auto Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Commercial Auto Insurance Revenue in 2023
3.5 Commercial Auto Insurance Key Players Head office and Area Served
3.6 Key Players Commercial Auto Insurance Product Solution and Service
3.7 Date of Enter into Commercial Auto Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Commercial Auto Insurance Breakdown Data by Type
4.1 Global Commercial Auto Insurance Historic Market Size by Type (2019-2024)
4.2 Global Commercial Auto Insurance Forecasted Market Size by Type (2025-2030)
5 Commercial Auto Insurance Breakdown Data by Application
5.1 Global Commercial Auto Insurance Historic Market Size by Application (2019-2024)
5.2 Global Commercial Auto Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Commercial Auto Insurance Market Size (2019-2030)
6.2 North America Commercial Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Commercial Auto Insurance Market Size by Country (2019-2024)
6.4 North America Commercial Auto Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Commercial Auto Insurance Market Size (2019-2030)
7.2 Europe Commercial Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Commercial Auto Insurance Market Size by Country (2019-2024)
7.4 Europe Commercial Auto Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Commercial Auto Insurance Market Size (2019-2030)
8.2 Asia-Pacific Commercial Auto Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Commercial Auto Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Commercial Auto Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Commercial Auto Insurance Market Size (2019-2030)
9.2 Latin America Commercial Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Commercial Auto Insurance Market Size by Country (2019-2024)
9.4 Latin America Commercial Auto Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Commercial Auto Insurance Market Size (2019-2030)
10.2 Middle East & Africa Commercial Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Commercial Auto Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Commercial Auto Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PICC
11.1.1 PICC Company Detail
11.1.2 PICC Business Overview
11.1.3 PICC Commercial Auto Insurance Introduction
11.1.4 PICC Revenue in Commercial Auto Insurance Business (2019-2024)
11.1.5 PICC Recent Development
11.2 Progressive Corporation
11.2.1 Progressive Corporation Company Detail
11.2.2 Progressive Corporation Business Overview
11.2.3 Progressive Corporation Commercial Auto Insurance Introduction
11.2.4 Progressive Corporation Revenue in Commercial Auto Insurance Business (2019-2024)
11.2.5 Progressive Corporation Recent Development
11.3 Ping An
11.3.1 Ping An Company Detail
11.3.2 Ping An Business Overview
11.3.3 Ping An Commercial Auto Insurance Introduction
11.3.4 Ping An Revenue in Commercial Auto Insurance Business (2019-2024)
11.3.5 Ping An Recent Development
11.4 AXA
11.4.1 AXA Company Detail
11.4.2 AXA Business Overview
11.4.3 AXA Commercial Auto Insurance Introduction
11.4.4 AXA Revenue in Commercial Auto Insurance Business (2019-2024)
11.4.5 AXA Recent Development
11.5 Sompo Japan
11.5.1 Sompo Japan Company Detail
11.5.2 Sompo Japan Business Overview
11.5.3 Sompo Japan Commercial Auto Insurance Introduction
11.5.4 Sompo Japan Revenue in Commercial Auto Insurance Business (2019-2024)
11.5.5 Sompo Japan Recent Development
11.6 Tokyo Marine
11.6.1 Tokyo Marine Company Detail
11.6.2 Tokyo Marine Business Overview
11.6.3 Tokyo Marine Commercial Auto Insurance Introduction
11.6.4 Tokyo Marine Revenue in Commercial Auto Insurance Business (2019-2024)
11.6.5 Tokyo Marine Recent Development
11.7 Travelers Group
11.7.1 Travelers Group Company Detail
11.7.2 Travelers Group Business Overview
11.7.3 Travelers Group Commercial Auto Insurance Introduction
11.7.4 Travelers Group Revenue in Commercial Auto Insurance Business (2019-2024)
11.7.5 Travelers Group Recent Development
11.8 Liberty Mutual Group
11.8.1 Liberty Mutual Group Company Detail
11.8.2 Liberty Mutual Group Business Overview
11.8.3 Liberty Mutual Group Commercial Auto Insurance Introduction
11.8.4 Liberty Mutual Group Revenue in Commercial Auto Insurance Business (2019-2024)
11.8.5 Liberty Mutual Group Recent Development
11.9 Zurich
11.9.1 Zurich Company Detail
11.9.2 Zurich Business Overview
11.9.3 Zurich Commercial Auto Insurance Introduction
11.9.4 Zurich Revenue in Commercial Auto Insurance Business (2019-2024)
11.9.5 Zurich Recent Development
11.10 CPIC
11.10.1 CPIC Company Detail
11.10.2 CPIC Business Overview
11.10.3 CPIC Commercial Auto Insurance Introduction
11.10.4 CPIC Revenue in Commercial Auto Insurance Business (2019-2024)
11.10.5 CPIC Recent Development
11.11 Nationwide
11.11.1 Nationwide Company Detail
11.11.2 Nationwide Business Overview
11.11.3 Nationwide Commercial Auto Insurance Introduction
11.11.4 Nationwide Revenue in Commercial Auto Insurance Business (2019-2024)
11.11.5 Nationwide Recent Development
11.12 Mitsui Sumitomo Insurance
11.12.1 Mitsui Sumitomo Insurance Company Detail
11.12.2 Mitsui Sumitomo Insurance Business Overview
11.12.3 Mitsui Sumitomo Insurance Commercial Auto Insurance Introduction
11.12.4 Mitsui Sumitomo Insurance Revenue in Commercial Auto Insurance Business (2019-2024)
11.12.5 Mitsui Sumitomo Insurance Recent Development
11.13 Aviva
11.13.1 Aviva Company Detail
11.13.2 Aviva Business Overview
11.13.3 Aviva Commercial Auto Insurance Introduction
11.13.4 Aviva Revenue in Commercial Auto Insurance Business (2019-2024)
11.13.5 Aviva Recent Development
11.14 Berkshire Hathaway
11.14.1 Berkshire Hathaway Company Detail
11.14.2 Berkshire Hathaway Business Overview
11.14.3 Berkshire Hathaway Commercial Auto Insurance Introduction
11.14.4 Berkshire Hathaway Revenue in Commercial Auto Insurance Business (2019-2024)
11.14.5 Berkshire Hathaway Recent Development
11.15 Old Republic International
11.15.1 Old Republic International Company Detail
11.15.2 Old Republic International Business Overview
11.15.3 Old Republic International Commercial Auto Insurance Introduction
11.15.4 Old Republic International Revenue in Commercial Auto Insurance Business (2019-2024)
11.15.5 Old Republic International Recent Development
11.16 Auto Owners Grp.
11.16.1 Auto Owners Grp. Company Detail
11.16.2 Auto Owners Grp. Business Overview
11.16.3 Auto Owners Grp. Commercial Auto Insurance Introduction
11.16.4 Auto Owners Grp. Revenue in Commercial Auto Insurance Business (2019-2024)
11.16.5 Auto Owners Grp. Recent Development
11.17 Generali Group
11.17.1 Generali Group Company Detail
11.17.2 Generali Group Business Overview
11.17.3 Generali Group Commercial Auto Insurance Introduction
11.17.4 Generali Group Revenue in Commercial Auto Insurance Business (2019-2024)
11.17.5 Generali Group Recent Development
11.18 MAPFRE
11.18.1 MAPFRE Company Detail
11.18.2 MAPFRE Business Overview
11.18.3 MAPFRE Commercial Auto Insurance Introduction
11.18.4 MAPFRE Revenue in Commercial Auto Insurance Business (2019-2024)
11.18.5 MAPFRE Recent Development
11.19 Chubb
11.19.1 Chubb Company Detail
11.19.2 Chubb Business Overview
11.19.3 Chubb Commercial Auto Insurance Introduction
11.19.4 Chubb Revenue in Commercial Auto Insurance Business (2019-2024)
11.19.5 Chubb Recent Development
11.20 AmTrust NGH
11.20.1 AmTrust NGH Company Detail
11.20.2 AmTrust NGH Business Overview
11.20.3 AmTrust NGH Commercial Auto Insurance Introduction
11.20.4 AmTrust NGH Revenue in Commercial Auto Insurance Business (2019-2024)
11.20.5 AmTrust NGH Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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