Cargo Insurance Market Growth Probability, Leading Vendors and Future Scenario By 2025-2031

The global cargo insurance market is expected to grow at a significant CAGR during the forecast period 2021-2027. Cargo insurance is a process used for shipment protection from any theft or physical damage and ensures the optimum value of goods against potential losses during the shipment process over air, seas, or land transportation. Cargo insurance offers wide coverage against all the harms and risks of any physical loss or freight damage from external causes throughout the shipping.

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The key players present in the global cargo insurance market include Marsh, TIBA, Travelers Insurance, AGCS, Atrium, and others. These vendors are adopting product expansion, technological advancement, product launches mergers & acquisitions, and supply chain management among other strategies to flourish the market growth, and to stay competitive in the market during the forecast period. For instance, in September 2020, IBM announced an innovative product launch as a risk-based service in the global cargo insurance market. IBM’s risk analytics services are integrated into the cargo insurance segment with the acquisition to impact cybersecurity and theft management.

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  • Market Coverage
  • Market number available for – 2025-2031
  • Base year- 2025
  • Forecast period- 2025-2031
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
  • , and others

Global Cargo Insurance Market Segment

By Product Type

o          Land Cargo Insurance

o          Marine Cargo Insurance

o          Air Cargo Insurance

By End User

o          Marine

o          Land

o          Aviation

Global Cargo Insurance Market Segment by Region

North America

  • United States
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe

Asia-Pacific

  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific

Rest of the World

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