Global Commercial Auto Insurance Market Report, History and Forecast 2015-2026, Breakdown Data by Companies, Key Regions, Types and Application

Commercial vehicle insurance is a policy of physical damage and liability coverages for amounts, situations, and usage not covered by a personal auto insurance policy. This type of business insurance covers many types of commercial vehicles—from automobiles used for business purposes, including company cars, to a wide variety of commercial trucks and vehicles.
Major companies in the industry include PICC, Progressive Corporation and Ping An Insurance, which accounted for 5.03%, 3.82% and 3.41% of revenue in 2019, respectively. By region, Europe had the highest share of income, at 35.56%.

Market Analysis and Insights: Global Commercial Auto Insurance Market
The research report studies the Commercial Auto Insurance market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Commercial Auto Insurance market size is projected to reach US$ 193280 million by 2026, from US$ 132160 million in 2020, at a CAGR of 6.5% during 2021-2026.

Global Commercial Auto Insurance Scope and Segment
The global Commercial Auto Insurance market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Commercial Auto 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 region (country), by Type, and by Application for the period 2015-2026.

Segment by Type, the Commercial Auto Insurance market is segmented into
Liability Insurance
Physical Damage Insurance
Others
Physical damage insurance dominated the commercial auto insurance market in 2019, which accounted for over 66.8% market share.

Segment by Application, the Commercial Auto Insurance market is segmented into
Passenger Car
Commercial Vehicle
Commercial vehicle holds an important share in terms of applications with a market share of near 69% in 2019.

Global Commercial Auto Insurance market: regional analysis, the major regions covered in the report are:
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

The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.

The major vendors covered:
PICC
Progressive Corporation
Ping An
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.
Generali Group
MAPFRE
Chubb