{"id":201414,"date":"2025-10-09T22:02:10","date_gmt":"2025-10-09T22:02:10","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/201414\/"},"modified":"2025-10-09T22:02:10","modified_gmt":"2025-10-09T22:02:10","slug":"commercial-vehicle-insurance-market-to-reach-199b-by-2029","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/201414\/","title":{"rendered":"Commercial vehicle insurance market to reach $199b by 2029"},"content":{"rendered":"<p>The market was valued at $141.52b in 2024.<\/p>\n<p>The global <a href=\"https:\/\/insuranceasia.com\/topics\/motor-insurance\" rel=\"nofollow noopener\" target=\"_blank\">commercial vehicle insurance<\/a> market is expected to grow to $151.98b in 2025, representing a compound annual growth rate (CAGR) of 7.4%, according to The Business Research Company.<\/p>\n<p>The market was valued at $141.52b in 2024.<\/p>\n<p>Growth has been supported by rising urban freight movement, increasing use of heavy diesel vehicles, long-distance transport demand, driver shortages, and greater reliance on third-party logistics providers.<\/p>\n<p>By 2029, the market is expected to reach $199.46b, growing at a 7.0% CAGR.\u00a0<\/p>\n<p>Expansion will be fueled by the adoption of electric commercial vehicles, wider use of telematics in insurance, higher Insurtech investment, real-time risk assessment, and demand for coverage tailored to autonomous vehicles.<\/p>\n<p>The sector is also seeing advances in AI-based risk evaluation, blockchain for claims processing, and telematics-linked premium models.\u00a0<\/p>\n<p>North America was the largest market in 2024, whilst Asia-Pacific is forecast to be the fastest-growing region in 2025.<br \/>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The market was valued at $141.52b in 2024. The global commercial vehicle insurance market is expected to grow&hellip;\n","protected":false},"author":2,"featured_media":201415,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,63,99,171],"class_list":["post-201414","post","type-post","status-publish","format-standard","has-post-thumbnail","category-markets","tag-au","tag-australia","tag-business","tag-markets"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/201414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=201414"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/201414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/201415"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=201414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=201414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=201414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}