The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Personal Auto Insurance Market Research Report 2024
Synopsis
Auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out-of-pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage.
The global Personal Auto Insurance market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % 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 Personal 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 Personal Auto Insurance.
Report Scope
The Personal 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 Personal 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 Personal 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
PICC
Progressive Corporation
Ping An
AXA
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
Zurich
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Berkshire Hathaway
Old Republic International
Auto Owners Grp
Generali Group
MAPFRE
Chubb
AmTrust NGH
China Life Insurance Group
American International Group
State Farm
Erie Insurance
Allstate
Segment by Type
Compulsory Insurance
Optional Insurance
Segment by Application
Car
Truck
Other
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 Personal 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.
Auto insurance is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out-of-pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage.
The global Personal Auto Insurance market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % 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 Personal 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 Personal Auto Insurance.
Report Scope
The Personal 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 Personal 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 Personal 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
PICC
Progressive Corporation
Ping An
AXA
Sompo Japan
Tokyo Marine
Travelers Group
Liberty Mutual Group
Zurich
CPIC
Nationwide
Mitsui Sumitomo Insurance
Aviva
Berkshire Hathaway
Old Republic International
Auto Owners Grp
Generali Group
MAPFRE
Chubb
AmTrust NGH
China Life Insurance Group
American International Group
State Farm
Erie Insurance
Allstate
Segment by Type
Compulsory Insurance
Optional Insurance
Segment by Application
Car
Truck
Other
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 Personal 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 Personal Auto Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Compulsory Insurance
1.2.3 Optional Insurance
1.3 Market by Application
1.3.1 Global Personal Auto Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Car
1.3.3 Truck
1.3.4 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Personal Auto Insurance Market Perspective (2019-2030)
2.2 Personal Auto Insurance Growth Trends by Region
2.2.1 Global Personal Auto Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Personal Auto Insurance Historic Market Size by Region (2019-2024)
2.2.3 Personal Auto Insurance Forecasted Market Size by Region (2025-2030)
2.3 Personal Auto Insurance Market Dynamics
2.3.1 Personal Auto Insurance Industry Trends
2.3.2 Personal Auto Insurance Market Drivers
2.3.3 Personal Auto Insurance Market Challenges
2.3.4 Personal Auto Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Personal Auto Insurance Players by Revenue
3.1.1 Global Top Personal Auto Insurance Players by Revenue (2019-2024)
3.1.2 Global Personal Auto Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Personal Auto Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Personal Auto Insurance Revenue
3.4 Global Personal Auto Insurance Market Concentration Ratio
3.4.1 Global Personal Auto Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Personal Auto Insurance Revenue in 2023
3.5 Personal Auto Insurance Key Players Head office and Area Served
3.6 Key Players Personal Auto Insurance Product Solution and Service
3.7 Date of Enter into Personal Auto Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Personal Auto Insurance Breakdown Data by Type
4.1 Global Personal Auto Insurance Historic Market Size by Type (2019-2024)
4.2 Global Personal Auto Insurance Forecasted Market Size by Type (2025-2030)
5 Personal Auto Insurance Breakdown Data by Application
5.1 Global Personal Auto Insurance Historic Market Size by Application (2019-2024)
5.2 Global Personal Auto Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Personal Auto Insurance Market Size (2019-2030)
6.2 North America Personal Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Personal Auto Insurance Market Size by Country (2019-2024)
6.4 North America Personal Auto Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Personal Auto Insurance Market Size (2019-2030)
7.2 Europe Personal Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Personal Auto Insurance Market Size by Country (2019-2024)
7.4 Europe Personal 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 Personal Auto Insurance Market Size (2019-2030)
8.2 Asia-Pacific Personal Auto Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Personal Auto Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Personal 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 Personal Auto Insurance Market Size (2019-2030)
9.2 Latin America Personal Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Personal Auto Insurance Market Size by Country (2019-2024)
9.4 Latin America Personal Auto Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Personal Auto Insurance Market Size (2019-2030)
10.2 Middle East & Africa Personal Auto Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Personal Auto Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Personal Auto Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 PICC
11.1.1 PICC Company Detail
11.1.2 PICC Business Overview
11.1.3 PICC Personal Auto Insurance Introduction
11.1.4 PICC Revenue in Personal Auto Insurance Business (2019-2024)
11.1.5 PICC Recent Development
11.2 Progressive Corporation
11.2.1 Progressive Corporation Company Detail
11.2.2 Progressive Corporation Business Overview
11.2.3 Progressive Corporation Personal Auto Insurance Introduction
11.2.4 Progressive Corporation Revenue in Personal Auto Insurance Business (2019-2024)
11.2.5 Progressive Corporation Recent Development
11.3 Ping An
11.3.1 Ping An Company Detail
11.3.2 Ping An Business Overview
11.3.3 Ping An Personal Auto Insurance Introduction
11.3.4 Ping An Revenue in Personal Auto Insurance Business (2019-2024)
11.3.5 Ping An Recent Development
11.4 AXA
11.4.1 AXA Company Detail
11.4.2 AXA Business Overview
11.4.3 AXA Personal Auto Insurance Introduction
11.4.4 AXA Revenue in Personal Auto Insurance Business (2019-2024)
11.4.5 AXA Recent Development
11.5 Sompo Japan
11.5.1 Sompo Japan Company Detail
11.5.2 Sompo Japan Business Overview
11.5.3 Sompo Japan Personal Auto Insurance Introduction
11.5.4 Sompo Japan Revenue in Personal Auto Insurance Business (2019-2024)
11.5.5 Sompo Japan Recent Development
11.6 Tokyo Marine
11.6.1 Tokyo Marine Company Detail
11.6.2 Tokyo Marine Business Overview
11.6.3 Tokyo Marine Personal Auto Insurance Introduction
11.6.4 Tokyo Marine Revenue in Personal Auto Insurance Business (2019-2024)
11.6.5 Tokyo Marine Recent Development
11.7 Travelers Group
11.7.1 Travelers Group Company Detail
11.7.2 Travelers Group Business Overview
11.7.3 Travelers Group Personal Auto Insurance Introduction
11.7.4 Travelers Group Revenue in Personal Auto Insurance Business (2019-2024)
11.7.5 Travelers Group Recent Development
11.8 Liberty Mutual Group
11.8.1 Liberty Mutual Group Company Detail
11.8.2 Liberty Mutual Group Business Overview
11.8.3 Liberty Mutual Group Personal Auto Insurance Introduction
11.8.4 Liberty Mutual Group Revenue in Personal Auto Insurance Business (2019-2024)
11.8.5 Liberty Mutual Group Recent Development
11.9 Zurich
11.9.1 Zurich Company Detail
11.9.2 Zurich Business Overview
11.9.3 Zurich Personal Auto Insurance Introduction
11.9.4 Zurich Revenue in Personal Auto Insurance Business (2019-2024)
11.9.5 Zurich Recent Development
11.10 CPIC
11.10.1 CPIC Company Detail
11.10.2 CPIC Business Overview
11.10.3 CPIC Personal Auto Insurance Introduction
11.10.4 CPIC Revenue in Personal Auto Insurance Business (2019-2024)
11.10.5 CPIC Recent Development
11.11 Nationwide
11.11.1 Nationwide Company Detail
11.11.2 Nationwide Business Overview
11.11.3 Nationwide Personal Auto Insurance Introduction
11.11.4 Nationwide Revenue in Personal Auto Insurance Business (2019-2024)
11.11.5 Nationwide Recent Development
11.12 Mitsui Sumitomo Insurance
11.12.1 Mitsui Sumitomo Insurance Company Detail
11.12.2 Mitsui Sumitomo Insurance Business Overview
11.12.3 Mitsui Sumitomo Insurance Personal Auto Insurance Introduction
11.12.4 Mitsui Sumitomo Insurance Revenue in Personal Auto Insurance Business (2019-2024)
11.12.5 Mitsui Sumitomo Insurance Recent Development
11.13 Aviva
11.13.1 Aviva Company Detail
11.13.2 Aviva Business Overview
11.13.3 Aviva Personal Auto Insurance Introduction
11.13.4 Aviva Revenue in Personal Auto Insurance Business (2019-2024)
11.13.5 Aviva Recent Development
11.14 Berkshire Hathaway
11.14.1 Berkshire Hathaway Company Detail
11.14.2 Berkshire Hathaway Business Overview
11.14.3 Berkshire Hathaway Personal Auto Insurance Introduction
11.14.4 Berkshire Hathaway Revenue in Personal Auto Insurance Business (2019-2024)
11.14.5 Berkshire Hathaway Recent Development
11.15 Old Republic International
11.15.1 Old Republic International Company Detail
11.15.2 Old Republic International Business Overview
11.15.3 Old Republic International Personal Auto Insurance Introduction
11.15.4 Old Republic International Revenue in Personal Auto Insurance Business (2019-2024)
11.15.5 Old Republic International Recent Development
11.16 Auto Owners Grp
11.16.1 Auto Owners Grp Company Detail
11.16.2 Auto Owners Grp Business Overview
11.16.3 Auto Owners Grp Personal Auto Insurance Introduction
11.16.4 Auto Owners Grp Revenue in Personal Auto Insurance Business (2019-2024)
11.16.5 Auto Owners Grp Recent Development
11.17 Generali Group
11.17.1 Generali Group Company Detail
11.17.2 Generali Group Business Overview
11.17.3 Generali Group Personal Auto Insurance Introduction
11.17.4 Generali Group Revenue in Personal Auto Insurance Business (2019-2024)
11.17.5 Generali Group Recent Development
11.18 MAPFRE
11.18.1 MAPFRE Company Detail
11.18.2 MAPFRE Business Overview
11.18.3 MAPFRE Personal Auto Insurance Introduction
11.18.4 MAPFRE Revenue in Personal Auto Insurance Business (2019-2024)
11.18.5 MAPFRE Recent Development
11.19 Chubb
11.19.1 Chubb Company Detail
11.19.2 Chubb Business Overview
11.19.3 Chubb Personal Auto Insurance Introduction
11.19.4 Chubb Revenue in Personal Auto Insurance Business (2019-2024)
11.19.5 Chubb Recent Development
11.20 AmTrust NGH
11.20.1 AmTrust NGH Company Detail
11.20.2 AmTrust NGH Business Overview
11.20.3 AmTrust NGH Personal Auto Insurance Introduction
11.20.4 AmTrust NGH Revenue in Personal Auto Insurance Business (2019-2024)
11.20.5 AmTrust NGH Recent Development
11.21 China Life Insurance Group
11.21.1 China Life Insurance Group Company Detail
11.21.2 China Life Insurance Group Business Overview
11.21.3 China Life Insurance Group Personal Auto Insurance Introduction
11.21.4 China Life Insurance Group Revenue in Personal Auto Insurance Business (2019-2024)
11.21.5 China Life Insurance Group Recent Development
11.22 American International Group
11.22.1 American International Group Company Detail
11.22.2 American International Group Business Overview
11.22.3 American International Group Personal Auto Insurance Introduction
11.22.4 American International Group Revenue in Personal Auto Insurance Business (2019-2024)
11.22.5 American International Group Recent Development
11.23 State Farm
11.23.1 State Farm Company Detail
11.23.2 State Farm Business Overview
11.23.3 State Farm Personal Auto Insurance Introduction
11.23.4 State Farm Revenue in Personal Auto Insurance Business (2019-2024)
11.23.5 State Farm Recent Development
11.24 Erie Insurance
11.24.1 Erie Insurance Company Detail
11.24.2 Erie Insurance Business Overview
11.24.3 Erie Insurance Personal Auto Insurance Introduction
11.24.4 Erie Insurance Revenue in Personal Auto Insurance Business (2019-2024)
11.24.5 Erie Insurance Recent Development
11.25 Allstate
11.25.1 Allstate Company Detail
11.25.2 Allstate Business Overview
11.25.3 Allstate Personal Auto Insurance Introduction
11.25.4 Allstate Revenue in Personal Auto Insurance Business (2019-2024)
11.25.5 Allstate 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 Automotive Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
