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Auto Insurance-Global Market Insights and Sales Trends 2025
Synopsis
The global Auto Insurance market size is expected to reach US$ 225960 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Auto Insurance in various end use industries. The expanding demands from the Personal and Commercial, are propelling Auto Insurance market. Third-party Liability, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Third-party Fire and Theft segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Auto Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Auto Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Auto Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Auto Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Auto Insurance covered in this report include Allian, AXA, Assicurazioni Generali S.p.A., The Allstate Corporation, American International Group, Inc, Berkshire Hathaway, Zurich Insurance Group Ltd, Prudential plc and PICC, etc.
The global Auto Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allian
AXA
Assicurazioni Generali S.p.A.
The Allstate Corporation
American International Group, Inc
Berkshire Hathaway
Zurich Insurance Group Ltd
Prudential plc
PICC
Progressive Corporation
Ping An
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Old Republic International
Auto Owners Grp
Global Auto Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Auto Insurance market, Segment by Type:
Third-party Liability
Third-party Fire and Theft
Comprehensive
Global Auto Insurance market, by Application
Personal
Commercial
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Auto Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
The global Auto Insurance market size is expected to reach US$ 225960 million by 2029, growing at a CAGR of 1.5% from 2023 to 2029. The market is mainly driven by the significant applications of Auto Insurance in various end use industries. The expanding demands from the Personal and Commercial, are propelling Auto Insurance market. Third-party Liability, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Third-party Fire and Theft segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Auto Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Auto Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Auto Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Auto Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Auto Insurance covered in this report include Allian, AXA, Assicurazioni Generali S.p.A., The Allstate Corporation, American International Group, Inc, Berkshire Hathaway, Zurich Insurance Group Ltd, Prudential plc and PICC, etc.
The global Auto Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allian
AXA
Assicurazioni Generali S.p.A.
The Allstate Corporation
American International Group, Inc
Berkshire Hathaway
Zurich Insurance Group Ltd
Prudential plc
PICC
Progressive Corporation
Ping An
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Old Republic International
Auto Owners Grp
Global Auto Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Auto Insurance market, Segment by Type:
Third-party Liability
Third-party Fire and Theft
Comprehensive
Global Auto Insurance market, by Application
Personal
Commercial
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Auto Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Auto Insurance
1.1 Auto Insurance Market Overview
1.1.1 Auto Insurance Product Scope
1.1.2 Auto Insurance Market Status and Outlook
1.2 Global Auto Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Auto Insurance Market Size by Region (2018-2029)
1.4 Global Auto Insurance Historic Market Size by Region (2018-2023)
1.5 Global Auto Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Auto Insurance Market Size (2018-2029)
1.6.1 North America Auto Insurance Market Size (2018-2029)
1.6.2 Europe Auto Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Auto Insurance Market Size (2018-2029)
1.6.4 Latin America Auto Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Auto Insurance Market Size (2018-2029)
2 Auto Insurance Market by Type
2.1 Introduction
2.1.1 Third-party Liability
2.1.2 Third-party Fire and Theft
2.1.3 Comprehensive
2.2 Global Auto Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Auto Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Auto Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Auto Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Auto Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Auto Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Auto Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Auto Insurance Revenue Breakdown by Type (2018-2029)
3 Auto Insurance Market Overview by Application
3.1 Introduction
3.1.1 Personal
3.1.2 Commercial
3.2 Global Auto Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Auto Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Auto Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Auto Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Auto Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Auto Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Auto Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Auto Insurance Revenue Breakdown by Application (2018-2029)
4 Auto Insurance Competition Analysis by Players
4.1 Global Auto Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Auto Insurance as of 2022)
4.3 Date of Key Players Enter into Auto Insurance Market
4.4 Global Top Players Auto Insurance Headquarters and Area Served
4.5 Key Players Auto Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Auto Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Allian
5.1.1 Allian Profile
5.1.2 Allian Main Business
5.1.3 Allian Auto Insurance Products, Services and Solutions
5.1.4 Allian Auto Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Allian Recent Developments
5.2 AXA
5.2.1 AXA Profile
5.2.2 AXA Main Business
5.2.3 AXA Auto Insurance Products, Services and Solutions
5.2.4 AXA Auto Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 AXA Recent Developments
5.3 Assicurazioni Generali S.p.A.
5.3.1 Assicurazioni Generali S.p.A. Profile
5.3.2 Assicurazioni Generali S.p.A. Main Business
5.3.3 Assicurazioni Generali S.p.A. Auto Insurance Products, Services and Solutions
5.3.4 Assicurazioni Generali S.p.A. Auto Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 The Allstate Corporation Recent Developments
5.4 The Allstate Corporation
5.4.1 The Allstate Corporation Profile
5.4.2 The Allstate Corporation Main Business
5.4.3 The Allstate Corporation Auto Insurance Products, Services and Solutions
5.4.4 The Allstate Corporation Auto Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 The Allstate Corporation Recent Developments
5.5 American International Group, Inc
5.5.1 American International Group, Inc Profile
5.5.2 American International Group, Inc Main Business
5.5.3 American International Group, Inc Auto Insurance Products, Services and Solutions
5.5.4 American International Group, Inc Auto Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 American International Group, Inc Recent Developments
5.6 Berkshire Hathaway
5.6.1 Berkshire Hathaway Profile
5.6.2 Berkshire Hathaway Main Business
5.6.3 Berkshire Hathaway Auto Insurance Products, Services and Solutions
5.6.4 Berkshire Hathaway Auto Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Berkshire Hathaway Recent Developments
5.7 Zurich Insurance Group Ltd
5.7.1 Zurich Insurance Group Ltd Profile
5.7.2 Zurich Insurance Group Ltd Main Business
5.7.3 Zurich Insurance Group Ltd Auto Insurance Products, Services and Solutions
5.7.4 Zurich Insurance Group Ltd Auto Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Zurich Insurance Group Ltd Recent Developments
5.8 Prudential plc
5.8.1 Prudential plc Profile
5.8.2 Prudential plc Main Business
5.8.3 Prudential plc Auto Insurance Products, Services and Solutions
5.8.4 Prudential plc Auto Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Prudential plc Recent Developments
5.9 PICC
5.9.1 PICC Profile
5.9.2 PICC Main Business
5.9.3 PICC Auto Insurance Products, Services and Solutions
5.9.4 PICC Auto Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 PICC Recent Developments
5.10 Progressive Corporation
5.10.1 Progressive Corporation Profile
5.10.2 Progressive Corporation Main Business
5.10.3 Progressive Corporation Auto Insurance Products, Services and Solutions
5.10.4 Progressive Corporation Auto Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Progressive Corporation Recent Developments
5.11 Ping An
5.11.1 Ping An Profile
5.11.2 Ping An Main Business
5.11.3 Ping An Auto Insurance Products, Services and Solutions
5.11.4 Ping An Auto Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Ping An Recent Developments
5.12 Sompo Japan
5.12.1 Sompo Japan Profile
5.12.2 Sompo Japan Main Business
5.12.3 Sompo Japan Auto Insurance Products, Services and Solutions
5.12.4 Sompo Japan Auto Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Sompo Japan Recent Developments
5.13 Tokyo Marine
5.13.1 Tokyo Marine Profile
5.13.2 Tokyo Marine Main Business
5.13.3 Tokyo Marine Auto Insurance Products, Services and Solutions
5.13.4 Tokyo Marine Auto Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Tokyo Marine Recent Developments
5.14 Travelers Group
5.14.1 Travelers Group Profile
5.14.2 Travelers Group Main Business
5.14.3 Travelers Group Auto Insurance Products, Services and Solutions
5.14.4 Travelers Group Auto Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Travelers Group Recent Developments
5.15 Liberty Mutual Group
5.15.1 Liberty Mutual Group Profile
5.15.2 Liberty Mutual Group Main Business
5.15.3 Liberty Mutual Group Auto Insurance Products, Services and Solutions
5.15.4 Liberty Mutual Group Auto Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Liberty Mutual Group Recent Developments
5.16 CPIC
5.16.1 CPIC Profile
5.16.2 CPIC Main Business
5.16.3 CPIC Auto Insurance Products, Services and Solutions
5.16.4 CPIC Auto Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 CPIC Recent Developments
5.17 Nationwide
5.17.1 Nationwide Profile
5.17.2 Nationwide Main Business
5.17.3 Nationwide Auto Insurance Products, Services and Solutions
5.17.4 Nationwide Auto Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 Nationwide Recent Developments
5.18 Mitsui Sumitomo Insurance
5.18.1 Mitsui Sumitomo Insurance Profile
5.18.2 Mitsui Sumitomo Insurance Main Business
5.18.3 Mitsui Sumitomo Insurance Auto Insurance Products, Services and Solutions
5.18.4 Mitsui Sumitomo Insurance Auto Insurance Revenue (US$ Million) & (2018-2023)
5.18.5 Mitsui Sumitomo Insurance Recent Developments
5.19 Aviva
5.19.1 Aviva Profile
5.19.2 Aviva Main Business
5.19.3 Aviva Auto Insurance Products, Services and Solutions
5.19.4 Aviva Auto Insurance Revenue (US$ Million) & (2018-2023)
5.19.5 Aviva Recent Developments
5.20 Old Republic International
5.20.1 Old Republic International Profile
5.20.2 Old Republic International Main Business
5.20.3 Old Republic International Auto Insurance Products, Services and Solutions
5.20.4 Old Republic International Auto Insurance Revenue (US$ Million) & (2018-2023)
5.20.5 Old Republic International Recent Developments
5.21 Auto Owners Grp
5.21.1 Auto Owners Grp Profile
5.21.2 Auto Owners Grp Main Business
5.21.3 Auto Owners Grp Auto Insurance Products, Services and Solutions
5.21.4 Auto Owners Grp Auto Insurance Revenue (US$ Million) & (2018-2023)
5.21.5 Auto Owners Grp Recent Developments
6 North America
6.1 North America Auto Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Auto Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Auto Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Auto Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Auto Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Auto Insurance Market Dynamics
11.1 Auto Insurance Industry Trends
11.2 Auto Insurance Market Drivers
11.3 Auto Insurance Market Challenges
11.4 Auto Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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