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Global Auto Insurance Market Research Report 2024
Synopsis
The global Auto Insurance market was valued at US$ 202800 million in 2023 and is anticipated to reach US$ 225960 million by 2030, witnessing a CAGR of 1.5% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Auto Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Auto Insurance.
Report Scope
The Auto Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Auto Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Auto Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Third-party Liability
Third-party Fire and Theft
Comprehensive
Segment by Application
Personal
Commercial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Auto Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
The global Auto Insurance market was valued at US$ 202800 million in 2023 and is anticipated to reach US$ 225960 million by 2030, witnessing a CAGR of 1.5% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Auto Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Auto Insurance.
Report Scope
The Auto Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Auto Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Auto Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
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
Segment by Type
Third-party Liability
Third-party Fire and Theft
Comprehensive
Segment by Application
Personal
Commercial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
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
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Auto Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Auto Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Third-party Liability
1.2.3 Third-party Fire and Theft
1.2.4 Comprehensive
1.3 Market by Application
1.3.1 Global Auto Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Personal
1.3.3 Commercial
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Auto Insurance Market Perspective (2019-2030)
2.2 Auto Insurance Growth Trends by Region
2.2.1 Global Auto Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Auto Insurance Historic Market Size by Region (2019-2024)
2.2.3 Auto Insurance Forecasted Market Size by Region (2025-2030)
2.3 Auto Insurance Market Dynamics
2.3.1 Auto Insurance Industry Trends
2.3.2 Auto Insurance Market Drivers
2.3.3 Auto Insurance Market Challenges
2.3.4 Auto Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Auto Insurance Players by Revenue
3.1.1 Global Top Auto Insurance Players by Revenue (2019-2024)
3.1.2 Global Auto Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Auto Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Auto Insurance Revenue
3.4 Global Auto Insurance Market Concentration Ratio
3.4.1 Global Auto Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Auto Insurance Revenue in 2023
3.5 Auto Insurance Key Players Head office and Area Served
3.6 Key Players Auto Insurance Product Solution and Service
3.7 Date of Enter into Auto Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Auto Insurance Breakdown Data by Type
4.1 Global Auto Insurance Historic Market Size by Type (2019-2024)
4.2 Global Auto Insurance Forecasted Market Size by Type (2025-2030)
5 Auto Insurance Breakdown Data by Application
5.1 Global Auto Insurance Historic Market Size by Application (2019-2024)
5.2 Global Auto Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Auto Insurance Market Size (2019-2030)
6.2 North America Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Auto Insurance Market Size by Country (2019-2024)
6.4 North America Auto Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Auto Insurance Market Size (2019-2030)
7.2 Europe Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Auto Insurance Market Size by Country (2019-2024)
7.4 Europe Auto Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Auto Insurance Market Size (2019-2030)
8.2 Asia-Pacific Auto Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Auto Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Auto Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Auto Insurance Market Size (2019-2030)
9.2 Latin America Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Auto Insurance Market Size by Country (2019-2024)
9.4 Latin America Auto Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Auto Insurance Market Size (2019-2030)
10.2 Middle East & Africa Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Auto Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Auto Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Allian
11.1.1 Allian Company Detail
11.1.2 Allian Business Overview
11.1.3 Allian Auto Insurance Introduction
11.1.4 Allian Revenue in Auto Insurance Business (2019-2024)
11.1.5 Allian Recent Development
11.2 AXA
11.2.1 AXA Company Detail
11.2.2 AXA Business Overview
11.2.3 AXA Auto Insurance Introduction
11.2.4 AXA Revenue in Auto Insurance Business (2019-2024)
11.2.5 AXA Recent Development
11.3 Assicurazioni Generali S.p.A.
11.3.1 Assicurazioni Generali S.p.A. Company Detail
11.3.2 Assicurazioni Generali S.p.A. Business Overview
11.3.3 Assicurazioni Generali S.p.A. Auto Insurance Introduction
11.3.4 Assicurazioni Generali S.p.A. Revenue in Auto Insurance Business (2019-2024)
11.3.5 Assicurazioni Generali S.p.A. Recent Development
11.4 The Allstate Corporation
11.4.1 The Allstate Corporation Company Detail
11.4.2 The Allstate Corporation Business Overview
11.4.3 The Allstate Corporation Auto Insurance Introduction
11.4.4 The Allstate Corporation Revenue in Auto Insurance Business (2019-2024)
11.4.5 The Allstate Corporation Recent Development
11.5 American International Group, Inc
11.5.1 American International Group, Inc Company Detail
11.5.2 American International Group, Inc Business Overview
11.5.3 American International Group, Inc Auto Insurance Introduction
11.5.4 American International Group, Inc Revenue in Auto Insurance Business (2019-2024)
11.5.5 American International Group, Inc Recent Development
11.6 Berkshire Hathaway
11.6.1 Berkshire Hathaway Company Detail
11.6.2 Berkshire Hathaway Business Overview
11.6.3 Berkshire Hathaway Auto Insurance Introduction
11.6.4 Berkshire Hathaway Revenue in Auto Insurance Business (2019-2024)
11.6.5 Berkshire Hathaway Recent Development
11.7 Zurich Insurance Group Ltd
11.7.1 Zurich Insurance Group Ltd Company Detail
11.7.2 Zurich Insurance Group Ltd Business Overview
11.7.3 Zurich Insurance Group Ltd Auto Insurance Introduction
11.7.4 Zurich Insurance Group Ltd Revenue in Auto Insurance Business (2019-2024)
11.7.5 Zurich Insurance Group Ltd Recent Development
11.8 Prudential plc
11.8.1 Prudential plc Company Detail
11.8.2 Prudential plc Business Overview
11.8.3 Prudential plc Auto Insurance Introduction
11.8.4 Prudential plc Revenue in Auto Insurance Business (2019-2024)
11.8.5 Prudential plc Recent Development
11.9 PICC
11.9.1 PICC Company Detail
11.9.2 PICC Business Overview
11.9.3 PICC Auto Insurance Introduction
11.9.4 PICC Revenue in Auto Insurance Business (2019-2024)
11.9.5 PICC Recent Development
11.10 Progressive Corporation
11.10.1 Progressive Corporation Company Detail
11.10.2 Progressive Corporation Business Overview
11.10.3 Progressive Corporation Auto Insurance Introduction
11.10.4 Progressive Corporation Revenue in Auto Insurance Business (2019-2024)
11.10.5 Progressive Corporation Recent Development
11.11 Ping An
11.11.1 Ping An Company Detail
11.11.2 Ping An Business Overview
11.11.3 Ping An Auto Insurance Introduction
11.11.4 Ping An Revenue in Auto Insurance Business (2019-2024)
11.11.5 Ping An Recent Development
11.12 Sompo Japan
11.12.1 Sompo Japan Company Detail
11.12.2 Sompo Japan Business Overview
11.12.3 Sompo Japan Auto Insurance Introduction
11.12.4 Sompo Japan Revenue in Auto Insurance Business (2019-2024)
11.12.5 Sompo Japan Recent Development
11.13 Tokyo Marine
11.13.1 Tokyo Marine Company Detail
11.13.2 Tokyo Marine Business Overview
11.13.3 Tokyo Marine Auto Insurance Introduction
11.13.4 Tokyo Marine Revenue in Auto Insurance Business (2019-2024)
11.13.5 Tokyo Marine Recent Development
11.14 Travelers Group
11.14.1 Travelers Group Company Detail
11.14.2 Travelers Group Business Overview
11.14.3 Travelers Group Auto Insurance Introduction
11.14.4 Travelers Group Revenue in Auto Insurance Business (2019-2024)
11.14.5 Travelers Group Recent Development
11.15 Liberty Mutual Group
11.15.1 Liberty Mutual Group Company Detail
11.15.2 Liberty Mutual Group Business Overview
11.15.3 Liberty Mutual Group Auto Insurance Introduction
11.15.4 Liberty Mutual Group Revenue in Auto Insurance Business (2019-2024)
11.15.5 Liberty Mutual Group Recent Development
11.16 CPIC
11.16.1 CPIC Company Detail
11.16.2 CPIC Business Overview
11.16.3 CPIC Auto Insurance Introduction
11.16.4 CPIC Revenue in Auto Insurance Business (2019-2024)
11.16.5 CPIC Recent Development
11.17 Nationwide
11.17.1 Nationwide Company Detail
11.17.2 Nationwide Business Overview
11.17.3 Nationwide Auto Insurance Introduction
11.17.4 Nationwide Revenue in Auto Insurance Business (2019-2024)
11.17.5 Nationwide Recent Development
11.18 Mitsui Sumitomo Insurance
11.18.1 Mitsui Sumitomo Insurance Company Detail
11.18.2 Mitsui Sumitomo Insurance Business Overview
11.18.3 Mitsui Sumitomo Insurance Auto Insurance Introduction
11.18.4 Mitsui Sumitomo Insurance Revenue in Auto Insurance Business (2019-2024)
11.18.5 Mitsui Sumitomo Insurance Recent Development
11.19 Aviva
11.19.1 Aviva Company Detail
11.19.2 Aviva Business Overview
11.19.3 Aviva Auto Insurance Introduction
11.19.4 Aviva Revenue in Auto Insurance Business (2019-2024)
11.19.5 Aviva Recent Development
11.20 Old Republic International
11.20.1 Old Republic International Company Detail
11.20.2 Old Republic International Business Overview
11.20.3 Old Republic International Auto Insurance Introduction
11.20.4 Old Republic International Revenue in Auto Insurance Business (2019-2024)
11.20.5 Old Republic International Recent Development
11.21 Auto Owners Grp
11.21.1 Auto Owners Grp Company Detail
11.21.2 Auto Owners Grp Business Overview
11.21.3 Auto Owners Grp Auto Insurance Introduction
11.21.4 Auto Owners Grp Revenue in Auto Insurance Business (2019-2024)
11.21.5 Auto Owners Grp 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
Published By : QY Research
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