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Global Marine Hull and Machinery Insurance Market Poised for Steady Growth Through 2032

The global Marine Hull and Machinery Insurance Market is witnessing substantial growth as maritime trade expands, vessel modernization accelerates, and risk awareness among shipowners intensifies. This sector plays a pivotal role in mitigating financial losses due to damages to ships and onboard machinery, offering a crucial safety net for the shipping industry amid rising operational risks.

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Marine Hull and Machinery Insurance Market Report | Global Forecast From 2025 To 2033

The global marine hull and machinery insurance market size was valued at approximately USD 15.2 billion in 2023 and is projected to reach USD 22.5 billion by 2032, growing at a CAGR of 4.5% during the forecast period.

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Marine Hull and Machinery Insurance Market Report | Global Forecast From 2025 To 2033

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