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Car Insurance-Global Market Insights and Sales Trends 2025

Car Insurance-Global Market Insights and Sales Trends 2025

Publishing Date : Mar, 2025

License Type :

Report Code : 1864213

No of Pages : 101

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Report Description
Table of Content

Synopsis

Car insurance (also known as vehicle insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles.

The global Car Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Car Insurance in various end use industries. The expanding demands from the Commercial Cars, Private Cars and Others,, are propelling Car Insurance market. Accidental Damages Insurance, 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 Theft Insurance 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 Car 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 Car 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 Car Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Car 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 Car Insurance covered in this report include AXA, Allstate Insurance, Berkshire Hathaway, Allianz, AIG, Generali, State Farm Insurance, Munich Reinsurance and Metlife, etc.

The global Car 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:

AXA
Allstate Insurance
Berkshire Hathaway
Allianz
AIG
Generali
State Farm Insurance
Munich Reinsurance
Metlife
Nippon Life Insurance
Ping An
PICC
China Life Insurance

Global Car 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 Car Insurance market, Segment by Type:

Accidental Damages Insurance
Theft Insurance
Fire Insurance
Others

Global Car Insurance market, by Application

Commercial Cars
Private Cars
Others

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 Car 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

Index

1 Market Overview of Car Insurance
1.1 Car Insurance Market Overview
1.1.1 Car Insurance Product Scope
1.1.2 Car Insurance Market Status and Outlook
1.2 Global Car Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Car Insurance Market Size by Region (2018-2029)
1.4 Global Car Insurance Historic Market Size by Region (2018-2023)
1.5 Global Car Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Car Insurance Market Size (2018-2029)
1.6.1 North America Car Insurance Market Size (2018-2029)
1.6.2 Europe Car Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Car Insurance Market Size (2018-2029)
1.6.4 Latin America Car Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Car Insurance Market Size (2018-2029)
2 Car Insurance Market by Type
2.1 Introduction
2.1.1 Accidental Damages Insurance
2.1.2 Theft Insurance
2.1.3 Fire Insurance
2.1.4 Others
2.2 Global Car Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Car Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Car Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Car Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Car Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Car Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Car Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Car Insurance Revenue Breakdown by Type (2018-2029)
3 Car Insurance Market Overview by Application
3.1 Introduction
3.1.1 Commercial Cars
3.1.2 Private Cars
3.1.3 Others
3.2 Global Car Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Car Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Car Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Car Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Car Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Car Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Car Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Car Insurance Revenue Breakdown by Application (2018-2029)
4 Car Insurance Competition Analysis by Players
4.1 Global Car 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 Car Insurance as of 2022)
4.3 Date of Key Players Enter into Car Insurance Market
4.4 Global Top Players Car Insurance Headquarters and Area Served
4.5 Key Players Car Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Car Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 AXA
5.1.1 AXA Profile
5.1.2 AXA Main Business
5.1.3 AXA Car Insurance Products, Services and Solutions
5.1.4 AXA Car Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 AXA Recent Developments
5.2 Allstate Insurance
5.2.1 Allstate Insurance Profile
5.2.2 Allstate Insurance Main Business
5.2.3 Allstate Insurance Car Insurance Products, Services and Solutions
5.2.4 Allstate Insurance Car Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 Allstate Insurance Recent Developments
5.3 Berkshire Hathaway
5.3.1 Berkshire Hathaway Profile
5.3.2 Berkshire Hathaway Main Business
5.3.3 Berkshire Hathaway Car Insurance Products, Services and Solutions
5.3.4 Berkshire Hathaway Car Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Allianz Recent Developments
5.4 Allianz
5.4.1 Allianz Profile
5.4.2 Allianz Main Business
5.4.3 Allianz Car Insurance Products, Services and Solutions
5.4.4 Allianz Car Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Allianz Recent Developments
5.5 AIG
5.5.1 AIG Profile
5.5.2 AIG Main Business
5.5.3 AIG Car Insurance Products, Services and Solutions
5.5.4 AIG Car Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 AIG Recent Developments
5.6 Generali
5.6.1 Generali Profile
5.6.2 Generali Main Business
5.6.3 Generali Car Insurance Products, Services and Solutions
5.6.4 Generali Car Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Generali Recent Developments
5.7 State Farm Insurance
5.7.1 State Farm Insurance Profile
5.7.2 State Farm Insurance Main Business
5.7.3 State Farm Insurance Car Insurance Products, Services and Solutions
5.7.4 State Farm Insurance Car Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 State Farm Insurance Recent Developments
5.8 Munich Reinsurance
5.8.1 Munich Reinsurance Profile
5.8.2 Munich Reinsurance Main Business
5.8.3 Munich Reinsurance Car Insurance Products, Services and Solutions
5.8.4 Munich Reinsurance Car Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Munich Reinsurance Recent Developments
5.9 Metlife
5.9.1 Metlife Profile
5.9.2 Metlife Main Business
5.9.3 Metlife Car Insurance Products, Services and Solutions
5.9.4 Metlife Car Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 Metlife Recent Developments
5.10 Nippon Life Insurance
5.10.1 Nippon Life Insurance Profile
5.10.2 Nippon Life Insurance Main Business
5.10.3 Nippon Life Insurance Car Insurance Products, Services and Solutions
5.10.4 Nippon Life Insurance Car Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Nippon Life Insurance Recent Developments
5.11 Ping An
5.11.1 Ping An Profile
5.11.2 Ping An Main Business
5.11.3 Ping An Car Insurance Products, Services and Solutions
5.11.4 Ping An Car Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Ping An Recent Developments
5.12 PICC
5.12.1 PICC Profile
5.12.2 PICC Main Business
5.12.3 PICC Car Insurance Products, Services and Solutions
5.12.4 PICC Car Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 PICC Recent Developments
5.13 China Life Insurance
5.13.1 China Life Insurance Profile
5.13.2 China Life Insurance Main Business
5.13.3 China Life Insurance Car Insurance Products, Services and Solutions
5.13.4 China Life Insurance Car Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 China Life Insurance Recent Developments
6 North America
6.1 North America Car Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Car 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 Car 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 Car 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 Car 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 Car Insurance Market Dynamics
11.1 Car Insurance Industry Trends
11.2 Car Insurance Market Drivers
11.3 Car Insurance Market Challenges
11.4 Car 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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