According to Cognitive Market Research, The Global Engineering Insurance market will grow at a compound annual growth rate (CAGR) of 6.90% from 2023 to 2030.
The demand for engineering insurance market is rising due to therising number of infrastructure projects and the escalating demand for commercial and residential spaces.
Demand for construction enterprises remains higher in the engineering insurance market.
The construction project all-risks insurance category held the highest engineering insurance marketrevenue share in 2023.
North America will continue to lead, whereas the engineering insurance market will experience the strongest growth until 2030.
