Global Commercial Truck Insurance Market Size, Status and Forecast 2020-2026

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.
The Commercial Truck Insurance Liability Insurance and Physical Damage Insurance and Other. As of 2018, Physical Damage Insurance segment dominates the market contributing more than 66% of the total market share, reach to 30137 million dollars. The commercial truck Insurance market is fragment market; key players include PICC, Progressive Corporation, Ping An Insurance, 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., Assicurazioni Generali, MAPFRE, Chubb, AmTrust NGH the premium of top ten manufacturers accounts about 20.76% of the total premium.

Market Analysis and Insights: Global Commercial Truck Insurance Market
The global Commercial Truck Insurance market size is projected to reach US$ 149740 million by 2026, from US$ 101080 million in 2020, at a CAGR of 6.8% during 2021-2026.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Commercial Truck Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Commercial Truck Insurance market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Commercial Truck Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Commercial Truck Insurance market.

Global Commercial Truck Insurance Scope and Market Size
Commercial Truck Insurance market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Commercial Truck Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

Market segment by Type, the product can be split into

Compulsory Insurance
Optional Insurance

Market segment by Application, split into

Semi-trailer Truck
Dump Truck
Tank Truck
Car Haulers
Others

Based on regional and country-level analysis, the Commercial Truck Insurance market has been segmented as follows:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa

In the competitive analysis section of the report, leading as well as prominent players of the global Commercial Truck Insurance market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.

The key players covered in this study

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

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