According to the research report, the global vehicle insurance market size is expected to touch USD 1500 Billion by 2030, from USD 848.34 Billion in 2022, growing with a significant CAGR of 7.38% from 2022 to 2030.
The vehicle insurance report offers a
comprehensive study of the current state expected at the major drivers, market
strategies, and key vendors’ growth. The report presents energetic visions to
conclude and study the market size, market hopes, and competitive surroundings.
The research also focuses on the important achievements of the market, research
& development, and regional growth of the leading competitors operating in
the market. The current trends of the global vehicle insurance in conjunction
with the geographical landscape of this vertical have also been included in
this report.
The report offers intricate dynamics about
different aspects of the global vehicle insurance market, which aids companies
operating in the market in making strategic development decisions. The study
also elaborates on significant changes that are highly anticipated to configure
growth of the global vehicle insurance during the forecast period. It also
includes a key indicator assessment that highlights growth prospects of this
market and estimates statistics related to growth of the market in terms of
value (US$ Mn) and volume (tons).
Sample
Link @ https://www.precedenceresearch.com/sample/1757
| Report Coverage | Details |
| Market Size by 2030 | USD 1500 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 7.38% |
| Largest Market | North America |
| Fastest Growing Region | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
| Segments Covered | Coverage, Application, Distribution Channel, Vehicle Type, Geography |
This study covers a detailed segmentation
of the global vehicle insurance market, along with key information and a
competition outlook. The report mentions company profiles of players that are
currently dominating the global vehicle insurance market, wherein various
developments, expansions, and winning strategies practiced and implemented by
leading players have been presented in detail.
Key Players
- PEOPLE’S INSURANCE COMPANY OF CHINA
- ALLSTATE INSURANCE COMPANY
- CHINA PACIFIC INSURANCE CO.
- ALLIANZ
- STATE FARM MUTUAL
- TOKIO MARINE GROUP
- AUTOMOBILE INSURANCE
- GEICO
- PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.
- ADMIRAL GROUP PLC
- BERKSHIRE HATHAWAY INC.
Market Segmentation
- Third Party Liability
- Comprehensive
By Application
- Personal Vehicle
- Commercial Vehicle
By Distribution Channel
- Insurance Agents/Brokers
- Direct Response
- Banks
- Others
By Vehicle Type
- New Vehicles
- Used Vehicles
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Philippines
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa (MEA)
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
Research Methodology
The research methodology adopted by
analysts for compiling the global vehicle insurance report is based on detailed
primary as well as secondary research. With the help of in-depth insights of
the market-affiliated information that is obtained and legitimated by
market-admissible resources, analysts have offered riveting observations and authentic
forecasts for the global market.
During the primary research phase, analysts
interviewed market stakeholders, investors, brand managers, vice presidents,
and sales and marketing managers. Based on data obtained through interviews of
genuine resources, analysts have emphasized the changing scenario of the global
market.
For secondary research, analysts
scrutinized numerous annual report publications, white papers, market
association publications, and company websites to obtain the necessary understanding
of the global vehicle insurance market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Vehicle Insurance Market
5.1. COVID-19 Landscape: Vehicle Insurance Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Vehicle Insurance Market, By Coverage
8.1. Vehicle Insurance Market, by Coverage Type, 2022-2030
8.1.1. Third Party Liability
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Comprehensive
8.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Vehicle Insurance Market, By Distribution Channel
9.1. Vehicle Insurance Market, by Distribution Channel, 2022-2030
9.1.1. Insurance Agents/Brokers
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Direct Response
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Banks
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Vehicle Insurance Market, By Application Type
10.1. Vehicle Insurance Market, by Application Type, 2022-2030
10.1.1. Personal Vehicle
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Commercial Vehicle
10.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Vehicle Insurance Market, By Vehicle Type
11.1. Vehicle Insurance Market, by Additive Type, 2022-2030
11.1.1. New Vehicles
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Used Vehicles
11.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Vehicle Insurance Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.1.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.1.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.1.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.1.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.5.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.1.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.1.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.1.6.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.2.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.2.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.2.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.2.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.5.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.2.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.2.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.6.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.2.7.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.2.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.7.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.2.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.2.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.2.8.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.3.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.3.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.3.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.3.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.5.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.3.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.3.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.6.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.3.7.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.3.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.7.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.3.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.3.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.3.8.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.4.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.4.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.4.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.4.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.5.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.4.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.4.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.6.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.4.7.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.4.7.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.7.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.4.8.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.4.8.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.4.8.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.5.5.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.5.5.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.5.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Coverage (2017-2030)
12.5.6.2. Market Revenue and Forecast, by Distribution Channel (2017-2030)
12.5.6.3. Market Revenue and Forecast, by Application Type (2017-2030)
12.5.6.4. Market Revenue and Forecast, by Vehicle Type(2017-2030)
Chapter 13. Company Profiles
13.1. PEOPLE’S INSURANCE COMPANY OF CHINA
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. ALLSTATE INSURANCE COMPANY
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. CHINA PACIFIC INSURANCE CO.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. ALLIANZ
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. STATE FARM MUTUAL
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. TOKIO MARINE GROUP
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. AUTOMOBILE INSURANCE
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. GEICO
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. PING AN INSURANCE (GROUP) COMPANY OF CHINA, LTD.
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
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