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.
This report contains market size and forecasts of Commercial Vehicle Insurance in Global, including the following market information:
Global Commercial Vehicle Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Commercial Vehicle Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Compulsory Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Commercial Vehicle Insurance include PICC, Progressive Corporation, Ping An, AXA, Sompo Japan, Tokyo Marine, Travelers Group, Liberty Mutual Group and Zurich, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Commercial Vehicle 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 Vehicle Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Commercial Vehicle Insurance Market Segment Percentages, by Type, 2021 (%)
Compulsory Insurance
Optional Insurance
Global Commercial Vehicle Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Commercial Vehicle Insurance Market Segment Percentages, by Application, 2021 (%)
Passenger Car
Truck & Bus
Global Commercial Vehicle Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Commercial Vehicle Insurance Market Segment Percentages, By Region and Country, 2021 (%)
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 Vehicle Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Commercial Vehicle Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
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
Generali Group
MAPFRE
Chubb
AmTrust NGH