Report ID: UCMIG40P2003
Report ID:
UCMIG40P2003 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2015, the global logistics insurance market demonstrated a significant valuation of USD 45.65 billion. This growth can be attributed to the rising demand for customized insurance solutions that cater to the specific needs and preferences of customers in the logistics industry. As customers began to expect more personalized products and services, insurance providers seized the opportunity to meet these demands and enhance their market share. The expansion of the logistics insurance market was fueled by the recognition of the inherent risks and challenges faced by logistics companies worldwide, prompting them to seek comprehensive coverage to safeguard their operations. This upward trajectory in the market reflected the dynamic nature of the logistics industry and the increasing importance placed on risk management and insurance solutions.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Property & Casualty Insurance by segment aggregation, the contribution of the Property & Casualty Insurance in Insurance and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG40P2003