Travel Insurance - Global Strategic Business Report

Global Travel Insurance Market to Reach $36.3 Billion by 2030

The global market for Travel Insurance estimated at US$17.9 Billion in the year 2022, is projected to reach a revised size of US$36.3 Billion by 2030, growing at a CAGR of 9.3% over the analysis period 2022-2030. Domestic Travel, one of the segments analyzed in the report, is projected to record 9.1% CAGR and reach US$15.9 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the International Travel segment is readjusted to a revised 9.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.8 Billion, While China is Forecast to Grow at 12.6% CAGR

The Travel Insurance market in the U.S. is estimated at US$4.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8 Billion by the year 2030 trailing a CAGR of 12.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.8% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.2% CAGR.

Select Competitors (Total 159 Featured) -

• Allianz Global Assistance India
• CSA Travel Protection
• Seven Corners Inc.
• TravelSafe Insurance
• USI Affinity

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