Commercial Truck Insurance Market

Commercial truck insurance provides coverage for vehicles used by businesses. These could be vehicles purchased for sole use of the business itself, or personal vehicles used for business purposes. Commercial truck insurance operates similarly to personal auto insurance, covering collision, property damage, medical payments, and other costs that could result either from driving mistakes or damages caused by sources outside one?s control. Personal insurance however, cannot usually be used for vehicles that are driven for business purposes. This is where commercial insurance steps in, since it can cover vehicles that regular auto insurance would not.

Commercial Truck Insurance Market contains market size and forecasts of Commercial Truck Insurance in Global, including the following market information:

Global Commercial Truck Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global Commercial Truck Insurance market was valued at 110890 million in 2021 and is projected to reach US$ 172410 million by 2028, at a CAGR of 6.5% 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 Truck Insurance include PICC, Progressive Corporation, Ping An, Travelers Group, AXA, Sompo Japan, Liberty Mutual Group, Tokyo Marine and CPIC, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

We surveyed the Commercial Truck 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 Truck Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global Commercial Truck Insurance Market Segment Percentages, by Type, 2021 (%)

Compulsory Insurance

Optional Insurance

Global Commercial Truck Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global Commercial Truck Insurance Market Segment Percentages, by Application, 2021 (%)

Semi-trailer Truck

Dump Truck

Tank Truck

Car Haulers

Others

Global Commercial Truck Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global Commercial Truck 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 Truck Insurance revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies Commercial Truck 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

Travelers Group

AXA

Sompo Japan

Liberty Mutual Group

Tokyo Marine

CPIC

Zurich

Old Republic International

Nationwide

Aviva

Mitsui Sumitomo Insurance

Assicurazioni Generali

Berkshire Hathaway

Auto Owners Grp

Chubb

AmTrust NGH

MAPFRE