Product Code: A14930
According to a new report published by Allied Market Research, titled, "Factory and Warehouse Insurance Market," The factory and warehouse insurance market was valued at $29.7 billion in 2022, and is estimated to reach $84.3 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.

One of the key drivers of the factory and warehouse insurance market is the increase in property damage incidents. As industrial operations expand and become more complex, the vulnerability to various risks, such as natural disasters, fires, and accidents, amplifies significantly. This heightened exposure has propelled businesses to seek factory and warehouse insurance coverage to safeguard their assets and mitigate potential financial losses. Furthermore, as industrial spaces become larger and more widespread, the vulnerability to theft increases substantially. Hence, the growing risk of theft and burglary is playing a key role in boosting the factory and warehouse insurance market. In addition, the escalating concern over business interruption risks is a significant driver behind the increasing growth of the factory and warehouse insurance market. Recognizing the critical need for financial protection in the face of business interruptions, businesses are increasingly turning to insurance solutions tailored to address the specific risks associated with factory and warehouse operations. However, the growing factory and warehouse insurance business is facing substantial challenges to its growth due to the high cost of insurance premiums, and complex underwriting process. On the contrary, the integration of technology in risk management is expected to revolutionize the factory and warehouse insurance market, offering a spectrum of lucrative growth opportunities. Advanced technologies such as Internet of Things (IoT) devices, artificial intelligence (AI), and machine learning are becoming integral components for assessing and mitigating risks in industrial settings.
The factory and warehouse insurance market is segmented into coverage type, enterprise size, industry vertical, and region. On the basis of coverage type, the market is differentiated into floating policy, valued policy, specific policy, and replacement and reinstatement policy. As per enterprise size, the market is categorized into large enterprises, and small and medium-sized enterprises. By industry vertical, the market is divided into manufacturing, retail and e-commerce, transportation and logistics, automotive, pharmaceuticals, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
The key players operating in the factory and warehouse insurance market include: AXA SA, Zurich Insurance Company Ltd, HII Insurance Broking Services Pvt. Ltd. (PlanCover), GeneralLiabilityInsure.com, Simply Business, The Hartford, SecureNow Insurance Broker Pvt. Ltd., GreenLife Insurance Broking Pvt. Ltd., Policywings Insurance Broker Pvt. Ltd., and Insuranks.com. These players have adopted various strategies to increase their market penetration and strengthen their position in the factory and warehouse insurance industry.
Key Benefits for Stakeholders
- The study provides in-depth analysis of the factory and warehouse insurance market along with current trends and future estimations to illustrate the imminent investment pockets.
- Information about key drivers, restrains, & opportunities and their impact analysis on the Factory and warehouse insurance market size are provided in the report.
- The Porter's five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the factory and warehouse insurance market from 2022 to 2032 is provided to determine the market potential.
Additional benefits you will get with this purchase are:
- Quarterly Update and* (only available with a corporate license, on listed price)
- 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
- Free Upcoming Version on the Purchase of Five and Enterprise User License.
- 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
- 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
- Free data Pack on the Five and Enterprise User License. (Excel version of the report)
- Free Updated report if the report is 6-12 months old or older.
- 24-hour priority response*
- Free Industry updates and white papers.
Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)
- Investment Opportunities
- Market share analysis of players by products/segments
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Expanded list for Company Profiles
- Market share analysis of players at global/region/country level
Key Market Segments
By Coverage Type
- Floating Policy
- Valued Policy
- Specific Policy
- Replacement and Reinstatement Policy
By Enterprise Size
- Large Enterprises
- Small and Medium-sized Enterprises
By Industry Vertical
- Others
- Manufacturing
- Retail and E-commerce
- Transportation and Logistics
- Automotive
- Pharmaceuticals
By Region
- North America
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- GreenLife Insurance Broking Pvt. Ltd.
- The Hartford
- Simply Business
- Policywings Insurance Broker Pvt Ltd
- Insuranks.com
- Zurich Insurance Company Ltd
- GeneralLiabilityInsure.com
- HII Insurance Broking Services Pvt. Ltd. (PlanCover)
- AXA SA
- SecureNow Insurance Broker Pvt. Ltd.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Increase in property damage incidents
- 3.4.1.2. Growing risk of theft and burglary
- 3.4.1.3. Business interruption risks
- 3.4.2. Restraints
- 3.4.2.1. High cost of insurance premiums
- 3.4.2.2. Complex underwriting process
- 3.4.3. Opportunities
- 3.4.3.1. Adoption of technology for risk management
CHAPTER 4: FACTORY AND WAREHOUSE INSURANCE MARKET, BY COVERAGE TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Floating Policy
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Valued Policy
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Specific Policy
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Replacement and Reinstatement Policy
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: FACTORY AND WAREHOUSE INSURANCE MARKET, BY ENTERPRISE SIZE
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Large Enterprises
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Small and Medium-sized Enterprises
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: FACTORY AND WAREHOUSE INSURANCE MARKET, BY INDUSTRY VERTICAL
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Manufacturing
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. Retail and E-commerce
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
- 6.4. Transportation and Logistics
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by region
- 6.4.3. Market share analysis by country
- 6.5. Automotive
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by region
- 6.5.3. Market share analysis by country
- 6.6. Pharmaceuticals
- 6.6.1. Key market trends, growth factors and opportunities
- 6.6.2. Market size and forecast, by region
- 6.6.3. Market share analysis by country
- 6.7. Others
- 6.7.1. Key market trends, growth factors and opportunities
- 6.7.2. Market size and forecast, by region
- 6.7.3. Market share analysis by country
CHAPTER 7: FACTORY AND WAREHOUSE INSURANCE MARKET, BY REGION
- 7.1. Overview
- 7.1.1. Market size and forecast By Region
- 7.2. North America
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by Coverage Type
- 7.2.3. Market size and forecast, by Enterprise Size
- 7.2.4. Market size and forecast, by Industry Vertical
- 7.2.5. Market size and forecast, by country
- 7.2.5.1. U.S.
- 7.2.5.1.1. Market size and forecast, by Coverage Type
- 7.2.5.1.2. Market size and forecast, by Enterprise Size
- 7.2.5.1.3. Market size and forecast, by Industry Vertical
- 7.2.5.2. Canada
- 7.2.5.2.1. Market size and forecast, by Coverage Type
- 7.2.5.2.2. Market size and forecast, by Enterprise Size
- 7.2.5.2.3. Market size and forecast, by Industry Vertical
- 7.3. Europe
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by Coverage Type
- 7.3.3. Market size and forecast, by Enterprise Size
- 7.3.4. Market size and forecast, by Industry Vertical
- 7.3.5. Market size and forecast, by country
- 7.3.5.1. UK
- 7.3.5.1.1. Market size and forecast, by Coverage Type
- 7.3.5.1.2. Market size and forecast, by Enterprise Size
- 7.3.5.1.3. Market size and forecast, by Industry Vertical
- 7.3.5.2. Germany
- 7.3.5.2.1. Market size and forecast, by Coverage Type
- 7.3.5.2.2. Market size and forecast, by Enterprise Size
- 7.3.5.2.3. Market size and forecast, by Industry Vertical
- 7.3.5.3. France
- 7.3.5.3.1. Market size and forecast, by Coverage Type
- 7.3.5.3.2. Market size and forecast, by Enterprise Size
- 7.3.5.3.3. Market size and forecast, by Industry Vertical
- 7.3.5.4. Italy
- 7.3.5.4.1. Market size and forecast, by Coverage Type
- 7.3.5.4.2. Market size and forecast, by Enterprise Size
- 7.3.5.4.3. Market size and forecast, by Industry Vertical
- 7.3.5.5. Spain
- 7.3.5.5.1. Market size and forecast, by Coverage Type
- 7.3.5.5.2. Market size and forecast, by Enterprise Size
- 7.3.5.5.3. Market size and forecast, by Industry Vertical
- 7.3.5.6. Rest of Europe
- 7.3.5.6.1. Market size and forecast, by Coverage Type
- 7.3.5.6.2. Market size and forecast, by Enterprise Size
- 7.3.5.6.3. Market size and forecast, by Industry Vertical
- 7.4. Asia-Pacific
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by Coverage Type
- 7.4.3. Market size and forecast, by Enterprise Size
- 7.4.4. Market size and forecast, by Industry Vertical
- 7.4.5. Market size and forecast, by country
- 7.4.5.1. China
- 7.4.5.1.1. Market size and forecast, by Coverage Type
- 7.4.5.1.2. Market size and forecast, by Enterprise Size
- 7.4.5.1.3. Market size and forecast, by Industry Vertical
- 7.4.5.2. Japan
- 7.4.5.2.1. Market size and forecast, by Coverage Type
- 7.4.5.2.2. Market size and forecast, by Enterprise Size
- 7.4.5.2.3. Market size and forecast, by Industry Vertical
- 7.4.5.3. India
- 7.4.5.3.1. Market size and forecast, by Coverage Type
- 7.4.5.3.2. Market size and forecast, by Enterprise Size
- 7.4.5.3.3. Market size and forecast, by Industry Vertical
- 7.4.5.4. Australia
- 7.4.5.4.1. Market size and forecast, by Coverage Type
- 7.4.5.4.2. Market size and forecast, by Enterprise Size
- 7.4.5.4.3. Market size and forecast, by Industry Vertical
- 7.4.5.5. South Korea
- 7.4.5.5.1. Market size and forecast, by Coverage Type
- 7.4.5.5.2. Market size and forecast, by Enterprise Size
- 7.4.5.5.3. Market size and forecast, by Industry Vertical
- 7.4.5.6. Rest of Asia-Pacific
- 7.4.5.6.1. Market size and forecast, by Coverage Type
- 7.4.5.6.2. Market size and forecast, by Enterprise Size
- 7.4.5.6.3. Market size and forecast, by Industry Vertical
- 7.5. LAMEA
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by Coverage Type
- 7.5.3. Market size and forecast, by Enterprise Size
- 7.5.4. Market size and forecast, by Industry Vertical
- 7.5.5. Market size and forecast, by country
- 7.5.5.1. Latin America
- 7.5.5.1.1. Market size and forecast, by Coverage Type
- 7.5.5.1.2. Market size and forecast, by Enterprise Size
- 7.5.5.1.3. Market size and forecast, by Industry Vertical
- 7.5.5.2. Middle East
- 7.5.5.2.1. Market size and forecast, by Coverage Type
- 7.5.5.2.2. Market size and forecast, by Enterprise Size
- 7.5.5.2.3. Market size and forecast, by Industry Vertical
- 7.5.5.3. Africa
- 7.5.5.3.1. Market size and forecast, by Coverage Type
- 7.5.5.3.2. Market size and forecast, by Enterprise Size
- 7.5.5.3.3. Market size and forecast, by Industry Vertical
CHAPTER 8: COMPETITIVE LANDSCAPE
- 8.1. Introduction
- 8.2. Top winning strategies
- 8.3. Product mapping of top 10 player
- 8.4. Competitive dashboard
- 8.5. Competitive heatmap
- 8.6. Top player positioning, 2022
CHAPTER 9: COMPANY PROFILES
- 9.1. AXA SA
- 9.1.1. Company overview
- 9.1.2. Key executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
- 9.1.6. Business performance
- 9.2. Zurich Insurance Company Ltd
- 9.2.1. Company overview
- 9.2.2. Key executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Business performance
- 9.3. GeneralLiabilityInsure.com
- 9.3.1. Company overview
- 9.3.2. Key executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
- 9.4. Simply Business
- 9.4.1. Company overview
- 9.4.2. Key executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
- 9.4.6. Business performance
- 9.4.7. Key strategic moves and developments
- 9.5. The Hartford
- 9.5.1. Company overview
- 9.5.2. Key executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.6. SecureNow Insurance Broker Pvt. Ltd.
- 9.6.1. Company overview
- 9.6.2. Key executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.7. GreenLife Insurance Broking Pvt. Ltd.
- 9.7.1. Company overview
- 9.7.2. Key executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.8. Policywings Insurance Broker Pvt Ltd
- 9.8.1. Company overview
- 9.8.2. Key executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.9. Insuranks.com
- 9.9.1. Company overview
- 9.9.2. Key executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.10. HII Insurance Broking Services Pvt. Ltd. (PlanCover)
- 9.10.1. Company overview
- 9.10.2. Key executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio