The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Motor Vehicle Insurance Market Research Report 2024
Synopsis
Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
The global Motor Vehicle Insurance market was valued at US$ 747.9 million in 2023 and is anticipated to reach US$ 1008.8 million by 2030, witnessing a CAGR of 4.3% 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 Motor Vehicle 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 Motor Vehicle Insurance.
Report Scope
The Motor Vehicle 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 Motor Vehicle 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 Motor Vehicle 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
Allianz
Allstate Insurance
American International
Berkshire Hathaway Homestate
People’s Insurance of China
Ping An Insurance
Segment by Type
Third Party Only
Third Party Fire & Theft Insurance
Comprehensive Insurance
Segment by Application
Passenger Car
Commercial Car
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 Motor Vehicle 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.
Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects. The specific terms of vehicle insurance vary with legal regulations in each region.
The global Motor Vehicle Insurance market was valued at US$ 747.9 million in 2023 and is anticipated to reach US$ 1008.8 million by 2030, witnessing a CAGR of 4.3% 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 Motor Vehicle 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 Motor Vehicle Insurance.
Report Scope
The Motor Vehicle 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 Motor Vehicle 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 Motor Vehicle 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
Allianz
Allstate Insurance
American International
Berkshire Hathaway Homestate
People’s Insurance of China
Ping An Insurance
Segment by Type
Third Party Only
Third Party Fire & Theft Insurance
Comprehensive Insurance
Segment by Application
Passenger Car
Commercial Car
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 Motor Vehicle 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 Motor Vehicle Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Third Party Only
1.2.3 Third Party Fire & Theft Insurance
1.2.4 Comprehensive Insurance
1.3 Market by Application
1.3.1 Global Motor Vehicle Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Passenger Car
1.3.3 Commercial Car
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Motor Vehicle Insurance Market Perspective (2019-2030)
2.2 Motor Vehicle Insurance Growth Trends by Region
2.2.1 Global Motor Vehicle Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Motor Vehicle Insurance Historic Market Size by Region (2019-2024)
2.2.3 Motor Vehicle Insurance Forecasted Market Size by Region (2025-2030)
2.3 Motor Vehicle Insurance Market Dynamics
2.3.1 Motor Vehicle Insurance Industry Trends
2.3.2 Motor Vehicle Insurance Market Drivers
2.3.3 Motor Vehicle Insurance Market Challenges
2.3.4 Motor Vehicle Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Motor Vehicle Insurance Players by Revenue
3.1.1 Global Top Motor Vehicle Insurance Players by Revenue (2019-2024)
3.1.2 Global Motor Vehicle Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Motor Vehicle Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Motor Vehicle Insurance Revenue
3.4 Global Motor Vehicle Insurance Market Concentration Ratio
3.4.1 Global Motor Vehicle Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Motor Vehicle Insurance Revenue in 2023
3.5 Motor Vehicle Insurance Key Players Head office and Area Served
3.6 Key Players Motor Vehicle Insurance Product Solution and Service
3.7 Date of Enter into Motor Vehicle Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Motor Vehicle Insurance Breakdown Data by Type
4.1 Global Motor Vehicle Insurance Historic Market Size by Type (2019-2024)
4.2 Global Motor Vehicle Insurance Forecasted Market Size by Type (2025-2030)
5 Motor Vehicle Insurance Breakdown Data by Application
5.1 Global Motor Vehicle Insurance Historic Market Size by Application (2019-2024)
5.2 Global Motor Vehicle Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Motor Vehicle Insurance Market Size (2019-2030)
6.2 North America Motor Vehicle Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Motor Vehicle Insurance Market Size by Country (2019-2024)
6.4 North America Motor Vehicle Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Motor Vehicle Insurance Market Size (2019-2030)
7.2 Europe Motor Vehicle Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Motor Vehicle Insurance Market Size by Country (2019-2024)
7.4 Europe Motor Vehicle 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 Motor Vehicle Insurance Market Size (2019-2030)
8.2 Asia-Pacific Motor Vehicle Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Motor Vehicle Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Motor Vehicle 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 Motor Vehicle Insurance Market Size (2019-2030)
9.2 Latin America Motor Vehicle Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Motor Vehicle Insurance Market Size by Country (2019-2024)
9.4 Latin America Motor Vehicle Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Motor Vehicle Insurance Market Size (2019-2030)
10.2 Middle East & Africa Motor Vehicle Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Motor Vehicle Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Motor Vehicle Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Allianz
11.1.1 Allianz Company Detail
11.1.2 Allianz Business Overview
11.1.3 Allianz Motor Vehicle Insurance Introduction
11.1.4 Allianz Revenue in Motor Vehicle Insurance Business (2019-2024)
11.1.5 Allianz Recent Development
11.2 Allstate Insurance
11.2.1 Allstate Insurance Company Detail
11.2.2 Allstate Insurance Business Overview
11.2.3 Allstate Insurance Motor Vehicle Insurance Introduction
11.2.4 Allstate Insurance Revenue in Motor Vehicle Insurance Business (2019-2024)
11.2.5 Allstate Insurance Recent Development
11.3 American International
11.3.1 American International Company Detail
11.3.2 American International Business Overview
11.3.3 American International Motor Vehicle Insurance Introduction
11.3.4 American International Revenue in Motor Vehicle Insurance Business (2019-2024)
11.3.5 American International Recent Development
11.4 Berkshire Hathaway Homestate
11.4.1 Berkshire Hathaway Homestate Company Detail
11.4.2 Berkshire Hathaway Homestate Business Overview
11.4.3 Berkshire Hathaway Homestate Motor Vehicle Insurance Introduction
11.4.4 Berkshire Hathaway Homestate Revenue in Motor Vehicle Insurance Business (2019-2024)
11.4.5 Berkshire Hathaway Homestate Recent Development
11.5 People’s Insurance of China
11.5.1 People’s Insurance of China Company Detail
11.5.2 People’s Insurance of China Business Overview
11.5.3 People’s Insurance of China Motor Vehicle Insurance Introduction
11.5.4 People’s Insurance of China Revenue in Motor Vehicle Insurance Business (2019-2024)
11.5.5 People’s Insurance of China Recent Development
11.6 Ping An Insurance
11.6.1 Ping An Insurance Company Detail
11.6.2 Ping An Insurance Business Overview
11.6.3 Ping An Insurance Motor Vehicle Insurance Introduction
11.6.4 Ping An Insurance Revenue in Motor Vehicle Insurance Business (2019-2024)
11.6.5 Ping An Insurance 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
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
