United Kingdom Car Insurance Market Size- By Product Type, By Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
United Kingdom Car Insurance Market Introduction and Overview
According to SPER market research, ‘United Kingdom Car Insurance Market Size- By Product Type, By Channel – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the UK Car Insurance Market is predicted to reach USD 34.42 billion by 2033 with a CAGR of 5.75%.
Automobile insurance is a type of financial plan that shields drivers from losses resulting from theft, accidents, or other unanticipated circumstances concerning their cars. It frequently pays for auto repair costs, medical expenditures for injuries sustained by drivers or passengers, and liability claims brought against the policyholder for harm to third parties or property damage caused by the insured vehicle.
The UK’s rapid COVID-19 outbreak at first made it more difficult for the country’s auto insurance market to grow. The fall in consumer spending power and transportation-related issues led to a dramatic decline in both individual and commercial auto sales. The sector is predicted to expand as a result of the potential spike in demand for private vehicles that may follow COVID-19 due to worries about safety and social distance.
Scope of the Report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product Type, By Channel
Regions covered Eastern, Western, Southern, Northern
Companies Covered
Admiral Group, Ageas, Aviva, Axa, Direct Line Group, Esure, Hastings, LV= General Insurance, NFU Mutual, and others.
UK Car Insurance Market Key Segments Covered
By Type:Based on the Type, United Kingdom Car Insurance Market is segmented as; Third-Party, Third-Party Fire and Theft, Comprehensive.
By Channel: Based on the Channel, United Kingdom Car Insurance Market is segmented as; Direct, Agency, Banks, Others.
By Region:This research also includes data for Eastern, Western, Southern, Northern.
- 1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
- 2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
- 3. Executive Summary
- 4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1. Drivers
- 4.1.2. Restraints
- 4.1.3. Opportunities
- 4.1.4. Challenges
- 4.2. COVID-19 Impacts of the United Kingdom Car Insurance Market
- 5. Market variable and outlook
- 5.1. SWOT Analysis
- 5.1.1. Strengths
- 5.1.2. Weaknesses
- 5.1.3. Opportunities
- 5.1.4. Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3. PORTER’s Five Forces
- 5.3.1. Bargaining power of suppliers
- 5.3.2. Bargaining power of buyers
- 5.3.3. Threat of Substitute
- 5.3.4. Threat of new entrant
- 5.3.5. Competitive rivalry
- 5.4. Heat Map Analysis
- 6. Competitive Landscape
- 6.1. United Kingdom Car Insurance Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom Car Insurance Market
- 7. United Kingdom Car Insurance Market, By Product Type (USD Million) 2020-2033
- 7.1. United Kingdom Car Insurance Market Size, Share and Forecast, By Product Type, 2020-2026
- 7.2. United Kingdom Car Insurance Market Size, Share and Forecast, By Product Type, 2027-2033
- 7.3. Third-Party
- 7.4. Third-Party Fire and Theft
- 7.5. Comprehensive
- 8. United Kingdom Car Insurance Market, By Channel (USD Million) 2020-2033
- 8.1. United Kingdom Car Insurance Market Size, Share and Forecast, By Channel, 2020-2026
- 8.2. United Kingdom Car Insurance Market Size, Share and Forecast, By Channel, 2027-2033
- 8.3. Direct
- 8.4. Agency
- 8.5. Banks
- 8.6. Others
- 9. United Kingdom Car Insurance Market Forecast, 2020-2033 (USD Million)
- 9.1. United Kingdom Car Insurance Market Size and Market Share
- 10. United Kingdom Car Insurance Market, By Region, 2020-2033 (USD Million)
- 10.1. United Kingdom Car Insurance Market Size and Market Share By Region (2020-2026)
- 10.2. United Kingdom Car Insurance Market Size and Market Share By Region (2027-2033)
- 10.3. Eastern Region
- 10.4. Western Region
- 10.5. Southern Region
- 10.6. Northern Region
- 11. Company Profile
- 11.1. Admiral Group
- 11.1.1. Company details
- 11.1.2. Financial outlook
- 11.1.3. Product summary
- 11.1.4. Recent developments
- 11.2. Ageas
- 11.2.1. Company details
- 11.2.2. Financial outlook
- 11.2.3. Product summary
- 11.2.4. Recent developments
- 11.3. Aviva
- 11.3.1. Company details
- 11.3.2. Financial outlook
- 11.3.3. Product summary
- 11.3.4. Recent developments
- 11.4. Axa
- 11.4.1. Company details
- 11.4.2. Financial outlook
- 11.4.3. Product summary
- 11.4.4. Recent developments
- 11.5. Direct Line Group
- 11.5.1. Company details
- 11.5.2. Financial outlook
- 11.5.3. Product summary
- 11.5.4. Recent developments
- 11.6. Esure
- 11.6.1. Company details
- 11.6.2. Financial outlook
- 11.6.3. Product summary
- 11.6.4. Recent developments
- 11.7. Hastings
- 11.7.1. Company details
- 11.7.2. Financial outlook
- 11.7.3. Product summary
- 11.7.4. Recent developments
- 11.8. LV= General Insurance
- 11.8.1. Company details
- 11.8.2. Financial outlook
- 11.8.3. Product summary
- 11.8.4. Recent developments
- 11.9. NFU Mutual
- 11.9.1. Company details
- 11.9.2. Financial outlook
- 11.9.3. Product summary
- 11.9.4. Recent developments
- 11.10. Others
- 12. Conclusion
- 13. Reference Links
- 14. List of Abbreviations
Research Assistance
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