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Global Automotive & Vehicle Insurance Market Size By Segmentations, Top Key Players, Trend, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 11/23/2022
  • NO OF PAGES
  • 238
  • CATEGORY
  • Banking & Finance
The competitive landscape analysis of Automotive & Vehicle Insurance Market uncovers detailed company profiles, revenue shares, portfolio innovations, regional product footprint, key developmental strategies, pricing structure, target markets, and near-term plans of market leaders. This entire section helps readers gain an essence of what is driving competition and what would help them stand out to win new target markets.

Market estimates and forecast are backed by an extensive primary research, further complemented by on-point secondary research of Automotive & Vehicle Insurance Market. The research analysts have invested significant time and effort in gathering critical industry information from KIPs such as OEMs, top suppliers and distributors, and government bodies.

Automotive & Vehicle Insurance market is segmented by Company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Automotive & Vehicle Insurance market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2022-2030.


Global Automotive & Vehicle Insurance Market: By Types
Liability Insurance
Collision Coverage
Comprehensive Coverage
Personal Injury Protection

Global Automotive & Vehicle Insurance Market: By Applications
Passenger Car
Commercial Vehicle

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

Global Automotive & Vehicle Insurance Market: Top Key Players
State Farm
GEICO
Progressive
Allstate
USAA
Liberty Mutual
Farmers
Nationwide
Travelers
Allstate


Global Automotive & Vehicle Insurance Market: Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

Reasons to Purchase Automotive & Vehicle Insurance Market Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come

Frequently Asked Questions
• What is the market size and growth projections?
• What is the market size and growth projection for each of the market segments and sub-segments across Countries & Regions?
• What are the top performing segments, and countries / regions of each of the markets?
• What is the market size and growth rate across key countries / regions?
• How big is the global & regional market in terms of revenue and volume?
• How far market will grow in forecast period in terms of revenue and volume?
• What factors will influence demand and supply trends across each markets during the forecast period?
• What are the technology trends shaping various markets?
• Which country / region has more opportunities?
• What is the COVID-19 impact on the market and how long will it take to recover?
• Who are the key competitors of market Players?
• What are the market share (%) of Key Players?
• What are the Merger & Acquisition, New Product Launch, Recent Development within each of the Markets?
• What are PEST analysis, Ecosystem Analysis, Porter's Five Forecast Analysis, Ansoff Matrix, and SWOT Analysis among other analyses for diverse markets?
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Automotive & Vehicle Insurance Market Size Growth Rate by Type: 2016 VS 2021 VS 2030
1.2.2 Liability Insurance
1.2.3 Collision Coverage
1.2.4 Comprehensive Coverage
1.2.5 Personal Injury Protection
1.3 Market by Application
1.3.1 Global Automotive & Vehicle Insurance Market Share by Application: 2016 VS 2021 VS 2030
1.3.2 Passenger Car
1.3.3 Commercial Vehicle
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends
2.1 Global Automotive & Vehicle Insurance Market Perspective (2016-2030)
2.2 Automotive & Vehicle Insurance Growth Trends by Regions
2.2.1 Automotive & Vehicle Insurance Market Size by Regions: 2016 VS 2021 VS 2030
2.2.2 Automotive & Vehicle Insurance Historic Market Share by Regions (2016-2021)
2.2.3 Automotive & Vehicle Insurance Forecasted Market Size by Regions (2022-2030)
2.3 Automotive & Vehicle Insurance Industry Dynamic
2.3.1 Automotive & Vehicle Insurance Market Trends
2.3.2 Automotive & Vehicle Insurance Market Drivers
2.3.3 Automotive & Vehicle Insurance Market Challenges
2.3.4 Automotive & Vehicle Insurance Market Restraints

3 Competition Landscape by Key Players
3.1 Global Top Automotive & Vehicle Insurance Players by Revenue
3.1.1 Global Top Automotive & Vehicle Insurance Players by Revenue (2016-2021)
3.1.2 Global Automotive & Vehicle Insurance Revenue Market Share by Players (2016-2021)
3.2 Global Automotive & Vehicle Insurance Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
3.3 Players Covered: Ranking by Automotive & Vehicle Insurance Revenue
3.4 Global Automotive & Vehicle Insurance Market Concentration Ratio
3.4.1 Global Automotive & Vehicle Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automotive & Vehicle Insurance Revenue in 2020
3.5 Automotive & Vehicle Insurance Key Players Head office and Area Served
3.6 Key Players Automotive & Vehicle Insurance Product Solution and Service
3.7 Date of Enter into Automotive & Vehicle Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans

4 Automotive & Vehicle Insurance Breakdown Data by Type
4.1 Global Automotive & Vehicle Insurance Historic Market Size by Type (2016-2021)
4.2 Global Automotive & Vehicle Insurance Forecasted Market Size by Type (2022-2030)

5 Automotive & Vehicle Insurance Breakdown Data by Application
5.1 Global Automotive & Vehicle Insurance Historic Market Size by Application (2016-2021)
5.2 Global Automotive & Vehicle Insurance Forecasted Market Size by Application (2022-2030)

6 North America
6.1 North America Automotive & Vehicle Insurance Market Size (2016-2030)
6.2 North America Automotive & Vehicle Insurance Market Size by Type
6.2.1 North America Automotive & Vehicle Insurance Market Size by Type (2016-2021)
6.2.2 North America Automotive & Vehicle Insurance Market Size by Type (2022-2030)
6.2.3 North America Automotive & Vehicle Insurance Market Size by Type (2016-2030)
6.3 North America Automotive & Vehicle Insurance Market Size by Application
6.3.1 North America Automotive & Vehicle Insurance Market Size by Application (2016-2021)
6.3.2 North America Automotive & Vehicle Insurance Market Size by Application (2022-2030)
6.3.3 North America Automotive & Vehicle Insurance Market Size by Application (2016-2030)
6.4 North America Automotive & Vehicle Insurance Market Size by Country
6.4.1 North America Automotive & Vehicle Insurance Market Size by Country (2016-2021)
6.4.2 North America Automotive & Vehicle Insurance Market Size by Country (2022-2030)
6.4.3 United States
6.4.3 Canada

7 Europe
7.1 Europe Automotive & Vehicle Insurance Market Size (2016-2030)
7.2 Europe Automotive & Vehicle Insurance Market Size by Type
7.2.1 Europe Automotive & Vehicle Insurance Market Size by Type (2016-2021)
7.2.2 Europe Automotive & Vehicle Insurance Market Size by Type (2022-2030)
7.2.3 Europe Automotive & Vehicle Insurance Market Size by Type (2016-2030)
7.3 Europe Automotive & Vehicle Insurance Market Size by Application
7.3.1 Europe Automotive & Vehicle Insurance Market Size by Application (2016-2021)
7.3.2 Europe Automotive & Vehicle Insurance Market Size by Application (2022-2030)
7.3.3 Europe Automotive & Vehicle Insurance Market Size by Application (2016-2030)
7.4 Europe Automotive & Vehicle Insurance Market Size by Country
7.4.1 Europe Automotive & Vehicle Insurance Market Size by Country (2016-2021)
7.4.2 Europe Automotive & Vehicle Insurance Market Size by Country (2022-2030)
7.4.3 Germany
7.4.4 France
7.4.5 U.K.
7.4.6 Italy
7.4.7 Russia
7.4.8 Nordic

8 Asia-Pacific
8.1 Asia-Pacific Automotive & Vehicle Insurance Market Size (2016-2030)
8.2 Asia-Pacific Automotive & Vehicle Insurance Market Size by Type
8.2.1 Asia-Pacific Automotive & Vehicle Insurance Market Size by Type (2016-2021)
8.2.2 Asia-Pacific Automotive & Vehicle Insurance Market Size by Type (2022-2030)
8.2.3 Asia-Pacific Automotive & Vehicle Insurance Market Size by Type (2016-2030)
8.3 Asia-Pacific Automotive & Vehicle Insurance Market Size by Application
8.3.1 Asia-Pacific Automotive & Vehicle Insurance Market Size by Application (2016-2021)
8.3.2 Asia-Pacific Automotive & Vehicle Insurance Market Size by Application (2022-2030)
8.3.3 Asia-Pacific Automotive & Vehicle Insurance Market Size by Application (2016-2030)
8.4 Asia-Pacific Automotive & Vehicle Insurance Market Size by Region
8.4.1 Asia-Pacific Automotive & Vehicle Insurance Market Size by Region (2016-2021)
8.4.2 Asia-Pacific Automotive & Vehicle Insurance Market Size by Region (2022-2030)
8.4.3 China
8.4.4 Japan
8.4.5 South Korea
8.4.6 Southeast Asia
8.4.7 India
8.4.8 Australia

9 Latin America
9.1 Latin America Automotive & Vehicle Insurance Market Size (2016-2030)
9.2 Latin America Automotive & Vehicle Insurance Market Size by Type
9.2.1 Latin America Automotive & Vehicle Insurance Market Size by Type (2016-2021)
9.2.2 Latin America Automotive & Vehicle Insurance Market Size by Type (2022-2030)
9.2.3 Latin America Automotive & Vehicle Insurance Market Size by Type (2016-2030)
9.3 Latin America Automotive & Vehicle Insurance Market Size by Application
9.3.1 Latin America Automotive & Vehicle Insurance Market Size by Application (2016-2021)
9.3.2 Latin America Automotive & Vehicle Insurance Market Size by Application (2022-2030)
9.3.3 Latin America Automotive & Vehicle Insurance Market Size by Application (2016-2030)
9.4 Latin America Automotive & Vehicle Insurance Market Size by Country
9.4.1 Latin America Automotive & Vehicle Insurance Market Size by Country (2016-2021)
9.4.2 Latin America Automotive & Vehicle Insurance Market Size by Country (2022-2030)
9.4.3 Mexico
9.4.4 Brazil

10 Middle East & Africa
10.1 Middle East & Africa Automotive & Vehicle Insurance Market Size (2016-2030)
10.2 Middle East & Africa Automotive & Vehicle Insurance Market Size by Type
10.2.1 Middle East & Africa Automotive & Vehicle Insurance Market Size by Type (2016-2021)
10.2.2 Middle East & Africa Automotive & Vehicle Insurance Market Size by Type (2022-2030)
10.2.3 Middle East & Africa Automotive & Vehicle Insurance Market Size by Type (2016-2030)
10.3 Middle East & Africa Automotive & Vehicle Insurance Market Size by Application
10.3.1 Middle East & Africa Automotive & Vehicle Insurance Market Size by Application (2016-2021)
10.3.2 Middle East & Africa Automotive & Vehicle Insurance Market Size by Application (2022-2030)
10.3.3 Middle East & Africa Automotive & Vehicle Insurance Market Size by Application (2016-2030)
10.4 Middle East & Africa Automotive & Vehicle Insurance Market Size by Country
10.4.1 Middle East & Africa Automotive & Vehicle Insurance Market Size by Country (2016-2021)
10.4.2 Middle East & Africa Automotive & Vehicle Insurance Market Size by Country (2022-2030)
10.4.3 Turkey
10.4.4 Saudi Arabia
10.4.5 UAE

11 Key Players Profiles
11.1 State Farm
11.1.1 State Farm Company Details
11.1.2 State Farm Business Overview
11.1.3 State Farm Automotive & Vehicle Insurance Introduction
11.1.4 State Farm Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.1.5 State Farm Recent Development
11.2 GEICO
11.2.1 GEICO Company Details
11.2.2 GEICO Business Overview
11.2.3 GEICO Automotive & Vehicle Insurance Introduction
11.2.4 GEICO Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.2.5 GEICO Recent Development
11.3 Progressive
11.3.1 Progressive Company Details
11.3.2 Progressive Business Overview
11.3.3 Progressive Automotive & Vehicle Insurance Introduction
11.3.4 Progressive Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.3.5 Progressive Recent Development
11.4 Allstate
11.4.1 Allstate Company Details
11.4.2 Allstate Business Overview
11.4.3 Allstate Automotive & Vehicle Insurance Introduction
11.4.4 Allstate Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.4.5 Allstate Recent Development
11.5 USAA
11.5.1 USAA Company Details
11.5.2 USAA Business Overview
11.5.3 USAA Automotive & Vehicle Insurance Introduction
11.5.4 USAA Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.5.5 USAA Recent Development
11.6 Liberty Mutual
11.6.1 Liberty Mutual Company Details
11.6.2 Liberty Mutual Business Overview
11.6.3 Liberty Mutual Automotive & Vehicle Insurance Introduction
11.6.4 Liberty Mutual Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.6.5 Liberty Mutual Recent Development
11.7 Farmers
11.7.1 Farmers Company Details
11.7.2 Farmers Business Overview
11.7.3 Farmers Automotive & Vehicle Insurance Introduction
11.7.4 Farmers Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.7.5 Farmers Recent Development
11.8 Nationwide
11.8.1 Nationwide Company Details
11.8.2 Nationwide Business Overview
11.8.3 Nationwide Automotive & Vehicle Insurance Introduction
11.8.4 Nationwide Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.8.5 Nationwide Recent Development
11.9 Travelers
11.9.1 Travelers Company Details
11.9.2 Travelers Business Overview
11.9.3 Travelers Automotive & Vehicle Insurance Introduction
11.9.4 Travelers Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.9.5 Travelers Recent Development
11.10 American Family
11.10.1 American Family Company Details
11.10.2 American Family Business Overview
11.10.3 American Family Automotive & Vehicle Insurance Introduction
11.10.4 American Family Revenue in Automotive & Vehicle Insurance Business (2016-2021)
11.10.5 American Family Recent Development

12 Analyst's Viewpoints/Conclusions

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Quality Assurance Process

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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