Market Overview:
The United States commercial insurance market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Commercial insurance protects the company financially from common risks, such as client litigation, employee injury, property theft and damage, and other unexpected events. It also covers fire, burglary, office package policy, marine, construction, plant and machinery, liability of directors and officers, general and public liability, and cyber security. It offers more coverage due to the involvement of various physical properties compared to personal insurance. As a result, commercial insurance finds extensive applications in the manufacturing, construction, healthcare, energy and utilities, and transportation industries. At present, there is a rise in the demand for commercial insurance in the United States due to the increasing number of small, medium-sized, and large businesses.
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
United States Commercial Insurance Market Trends:
The growing reliance on commercial insurance among various enterprises to protect the business from scams represents one of the key factors driving the market. Moreover, there is an increase in the number of commercial insurance providers for all businesses in the US. This, along with the rising usage of commercial insurance based on the premium charged for the policies that remain constant throughout the country, is propelling the growth of the market. In addition, there is a rise in the employment of predictive analytics by several commercial insurers to help understand and predict business risks and mitigate losses. This, coupled with the increasing adoption of advanced technologies, such as artificial intelligence (AI) and machine learning (ML) in commercial insurance, is offering lucrative growth opportunities to industry investors. Additionally, the US Government is extensively investing in promoting the utilization of commercial insurance. This initiative is projected to positively influence the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the US commercial insurance market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, enterprise size, distribution channel and industry vertical.
Breakup by Type:
www.imarcgroup.com
Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Liability Insurance
- Commercial Motor Insurance
- Commercial Property Insurance
- Marine Insurance
- Others
Breakup by Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Distribution Channel:
- Agents and Brokers
- Direct Response
- Others
Breakup by Industry Vertical:
- Transportation and Logistics
- Manufacturing
- Construction
- IT and Telecom
- Healthcare
- Energy and Utilities
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Type, Enterprise Size, Distribution Channel, Industry Vertical, Region |
| Region Covered |
Northeast, Midwest, South, West |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States commercial insurance market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States commercial insurance market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the enterprise size?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the industry vertical?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States commercial insurance market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 United States Commercial Insurance Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Liability Insurance
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Commercial Motor Insurance
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Commercial Property Insurance
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Marine Insurance
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Enterprise Size
7.1 Large Enterprises
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Small and Medium-sized Enterprises
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Agents and Brokers
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Direct Response
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 Transportation and Logistics
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Manufacturing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Construction
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 IT and Telecom
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Energy and Utilities
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Market Breakup by Region
10.1 Northeast
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Midwest
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 South
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 West
10.4.1 Market Trends
10.4.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Policy and Regulatory Landscape
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
List of Figures
Figure 1: United States: Commercial Insurance Market: Major Drivers and Challenges
Figure 2: United States: Commercial Insurance Market: Sales Value (in Billion US$), 2016-2021
Figure 3: United States: Commercial Insurance Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: United States: Commercial Insurance Market: Breakup by Type (in %), 2021
Figure 5: United States: Commercial Insurance Market: Breakup by Enterprise Size (in %), 2021
Figure 6: United States: Commercial Insurance Market: Breakup by Distribution Channel (in %), 2021
Figure 7: United States: Commercial Insurance Market: Breakup by Industry Vertical (in %), 2021
Figure 8: United States: Commercial Insurance Market: Breakup by Region (in %), 2021
Figure 9: United States: Commercial Insurance (Liability Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: United States: Commercial Insurance (Liability Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: United States: Commercial Insurance (Commercial Motor Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: United States: Commercial Insurance (Commercial Motor Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: United States: Commercial Insurance (Commercial Property Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: United States: Commercial Insurance (Commercial Property Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: United States: Commercial Insurance (Marine Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: United States: Commercial Insurance (Marine Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: United States: Commercial Insurance (Other Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: United States: Commercial Insurance (Other Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: United States: Commercial Insurance (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Commercial Insurance (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: United States: Commercial Insurance (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: United States: Commercial Insurance (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: United States: Commercial Insurance (Agents and Brokers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: United States: Commercial Insurance (Agents and Brokers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: United States: Commercial Insurance (Direct Response) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: United States: Commercial Insurance (Direct Response) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Commercial Insurance (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Commercial Insurance (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: United States: Commercial Insurance (Transportation and Logistics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: United States: Commercial Insurance (Transportation and Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Commercial Insurance (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Commercial Insurance (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Commercial Insurance (Construction) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Commercial Insurance (Construction) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: United States: Commercial Insurance (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: United States: Commercial Insurance (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Commercial Insurance (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Commercial Insurance (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: United States: Commercial Insurance (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: United States: Commercial Insurance (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Commercial Insurance (Other Industry Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Commercial Insurance (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Northeast: Commercial Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Northeast: Commercial Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Midwest: Commercial Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Midwest: Commercial Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: South: Commercial Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: South: Commercial Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: West: Commercial Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: West: Commercial Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: United States: Commercial Insurance Industry: SWOT Analysis
Figure 52: United States: Commercial Insurance Industry: Value Chain Analysis
Figure 53: United States: Commercial Insurance Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Commercial Insurance Market: Key Industry Highlights, 2021 and 2027
Table 2: United States: Commercial Insurance Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: United States: Commercial Insurance Market Forecast: Breakup by Enterprise Size (in Million US$), 2022-2027
Table 4: United States: Commercial Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: United States: Commercial Insurance Market Forecast: Breakup by Industry Vertical (in Million US$), 2022-2027
Table 6: United States: Commercial Insurance Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: United States: Commercial Insurance Market: Competitive Structure
Table 8: United States: Commercial Insurance Market: Key Players