{"id":272620,"date":"2025-10-12T11:45:32","date_gmt":"2025-10-12T06:00:32","guid":{"rendered":"https:\/\/insurancekhabar.com\/commercial-car-insurance-market-to-reach-199-billion-in-next-5-years-to-grow-fastest-in-asia-pacific-region-2\/"},"modified":"2025-10-12T11:45:32","modified_gmt":"2025-10-12T06:00:32","slug":"commercial-car-insurance-market-to-reach-199-billion-in-next-5-years-to-grow-fastest-in-asia-pacific-region-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/commercial-car-insurance-market-to-reach-199-billion-in-next-5-years-to-grow-fastest-in-asia-pacific-region-2\/","title":{"rendered":"Commercial car insurance market to reach $199 billion in next 5 years, to grow fastest in Asia-Pacific region"},"content":{"rendered":"<p>Kathmandu. The global commercial car insurance market is expected to reach $151.98 billion by 2025. This will be achieved at a Compound Annual Growth Rate of 7.4 percent. In 2024, the market was valued at $141.52 billion. <\/p>\n<p>According to The Business Research Company, increasing urban freight transport, increasing use of heavy diesel vehicles, demand for long-distance transportation, driver shortages and increasing reliance on third-party logistics providers are driving this growth. The commercial vehicle market is expected to grow at an annual rate of 7 percent to reach $199.46 billion by 2029, according to the company. <\/p>\n<p>Adoption of electric commercial vehicles, widespread use of telematics in insurance, high insurance technology investment, real-time risk assessment, and demand for customized coverage for autonomous vehicles will drive this expansion. Advances are also being made in premium models linked, including AI-based risk assessment, blockchain for claim processing, and telematics. <\/p>\n<p>North America was the largest market in 2024. Asia Pacific is projected to be the fastest-growing region in 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. The global commercial car insurance market is expected to reach $151.98 billion by 2025. This will be achieved at a Compound Annual Growth Rate of 7.4 percent. In 2024, the market was valued at $141.52 billion. According to The Business Research Company, increasing urban freight transport, increasing use of heavy diesel vehicles, demand for [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":260163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45043,45044,45159],"tags":[],"class_list":["post-272620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-auto-en","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/272620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=272620"}],"version-history":[{"count":0,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/272620\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/260163"}],"wp:attachment":[{"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=272620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=272620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=272620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}