Automotive Insurance Market by Insurance Type (Comprehensive, Third-Party, Third-Party Theft & Fire), Vehicle Type (HCV, LCV, Passenger Cars) - Global Forecast 2023-2030

Automotive Insurance Market by Insurance Type (Comprehensive, Third-Party, Third-Party Theft & Fire), Vehicle Type (HCV, LCV, Passenger Cars) - Global Forecast 2023-2030


The Automotive Insurance Market is projected to reach USD 1,266.29 billion by 2030 from USD 727.44 billion in 2022, at a CAGR of 7.17% during the forecast period.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Automotive Insurance Market.
  • Based on Insurance Type, market is studied across Comprehensive, Third-Party, and Third-Party Theft & Fire. The Comprehensive is projected to witness significant market share during forecast period.
  • Based on Vehicle Type, market is studied across HCV, LCV, and Passenger Cars. The HCV is projected to witness significant market share during forecast period.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Automotive Insurance Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Automotive Insurance Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Automotive Insurance Market, highlighting leading vendors and their innovative profiles. These include Admiral Group plc, Allianz Partners, Allstate Insurance Company, ASSICURAZIONI GENERALI S.P.A., Bajaj Allianz General Insurance Company, Berkshire Hathaway Homestate Companies, Chubb, Government Employees Insurance Company, HDFC ERGO General Insurance Company Limited, ICICI Lombard General Insurance Company Limited, Liberty Mutual Insurance, Nationwide Mutual Insurance Company, Ping An Insurance (Group) Company of China, Ltd., Reliance General Insurance Company Limited, State Farm Mutual Automobile Insurance Company, and Tata AIG General Insurance Company Limited.

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Automotive Insurance Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Automotive Insurance Market?
  3. What is the competitive strategic window for identifying opportunities in the Automotive Insurance Market?
  4. What are the latest technology trends and regulatory frameworks in the Automotive Insurance Market?
  5. What is the market share of the leading vendors in the Automotive Insurance Market?
  6. Which modes and strategic moves are suitable for entering the Automotive Insurance Market?


Please Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Automotive Insurance Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Significant growth in road accidents
5.1.1.2. Strict governmental policies for automotive insurances
5.1.1.3. Increasing production and sales of passenger vehicles
5.1.2. Restraints
5.1.2.1. High cost of premiums for automotive insurance
5.1.3. Opportunities
5.1.3.1. Growing adoption of electric vehicles
5.1.3.2. Digitalization of automotive insurance procedures
5.1.4. Challenges
5.1.4.1. Rise in adoption of shared mobility
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Automotive Insurance Market, by Insurance Type
6.1. Introduction
6.2. Comprehensive
6.3. Third-Party
6.4. Third-Party Theft & Fire
7. Automotive Insurance Market, by Vehicle Type
7.1. Introduction
7.2. HCV
7.3. LCV
7.4. Passenger Cars
8. Americas Automotive Insurance Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Automotive Insurance Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Automotive Insurance Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Admiral Group plc
12.1.2. Allianz Partners
12.1.3. Allstate Insurance Company
12.1.4. ASSICURAZIONI GENERALI S.P.A.
12.1.5. Bajaj Allianz General Insurance Company
12.1.6. Berkshire Hathaway Homestate Companies
12.1.7. Chubb
12.1.8. Government Employees Insurance Company
12.1.9. HDFC ERGO General Insurance Company Limited
12.1.10. ICICI Lombard General Insurance Company Limited
12.1.11. Liberty Mutual Insurance
12.1.12. Nationwide Mutual Insurance Company
12.1.13. Ping An Insurance (Group) Company of China, Ltd.
12.1.14. Reliance General Insurance Company Limited
12.1.15. State Farm Mutual Automobile Insurance Company
12.1.16. Tata AIG General Insurance Company Limited
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing

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