Report overview
Boat Insurance is hull insurance that covers damage to a boat, its machinery and its equipment. It refers to the main body of the ship and it can be understood like car insurance, with a difference of being for a water faring vehicle instead of land. It covers all types of vessels operating into the oceans, lakes, or rivers like bulk carriers, fishing boats, ships, tankers, cruises, yachts.
This report aims to provide a comprehensive presentation of the global market for Boat Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Boat Insurance. This report contains market size and forecasts of Boat Insurance in global, including the following market information:
Global Boat Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Boat Insurance market was valued at US$ 988.7 million in 2022 and is projected to reach US$ 1277.8 million by 2029, at a CAGR of 3.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North America is the largest Boat Insurance market with about 43% market share. Europe is follower, accounting for about 29% market share.
The key players are Zurich, AXA, AVIVA, State Farm, Allianz, GEICO, Sompo Japan Nipponkoa, CPIC, Markel Corporation, Kemper Corporation, Allstate, MetLife, PingAn, Westfield, Westpac, RAA, Northbridge, RSA Insurance, Helvetia, Pantaenius Yacht Insurance, Generali, United Marine Underwriters, Pacific Marine etc. Top 5 companies occupied about 35% market share.
We surveyed the Boat 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 Boat Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Boat Insurance Market Segment Percentages, by Type, 2022 (%)
Actual Cash Value
Agreed Amount Value
Global Boat Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Boat Insurance Market Segment Percentages, by Application, 2022 (%)
Ocean
Lakes
Rivers
Global Boat Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Boat Insurance Market Segment Percentages, By Region and Country, 2022 (%)
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 Boat Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Boat Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Zurich
AXA
AVIVA
State Farm
Allianz
Berkshire Hathaway
Sompo Japan Nipponkoa
CPIC
Markel Corporation
Kemper Corporation
Allstate
MetLife
PingAn
Westfield
Westpac
RAA
Northbridge
RSA Insurance
Helvetia
Pantaenius Yacht Insurance
Generali
United Marine Underwriters
Pacific Marine
Outline of Major Chapters:
Chapter 1: Introduces the definition of Boat Insurance, market overview.
Chapter 2: Global Boat Insurance market size in revenue.
Chapter 3: Detailed analysis of Boat Insurance company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Boat Insurance in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
