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Vehicle Insurance-Global Market Insights and Sales Trends 2024
Synopsis
Vehicle insurance, also known as car insurance, motor insurance, or auto insurance, is an insurance product that covers the financial risk of vehicle damage. It is designed to protect you against financial losses if you're involved in an accident or the vehicle is damaged in some way. The policies include cars, trucks, motorcycles, and other road vehicles. Most states require you to have minimum amounts of liability insurance coverage.
The global Vehicle 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 Vehicle Insurance in various end use industries. The expanding demands from the Treaty Reinsurance and Facultative Reinsurance, are propelling Vehicle Insurance market. Commercial Vehicle, 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 Personal Vehicle 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 Vehicle 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 Vehicle 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 Vehicle Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vehicle 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 Vehicle Insurance covered in this report include Allianz, AXA, Ping An, Assicurazioni Generali, China Life Insurance, Metlife, Nippon Life Insurance, Munich Reinsurance and State Farm Insurance, etc.
The global Vehicle 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:
Allianz
AXA
Ping An
Assicurazioni Generali
China Life Insurance
Metlife
Nippon Life Insurance
Munich Reinsurance
State Farm Insurance
Zurich Insurance
Old Mutual
Samsung
Aegon
Sumitomo
Aetna
MS&AD
HSBC
Global Vehicle 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 Vehicle Insurance market, Segment by Type:
Commercial Vehicle
Personal Vehicle
Global Vehicle Insurance market, by Application
Treaty Reinsurance
Facultative Reinsurance
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 Vehicle 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
Vehicle insurance, also known as car insurance, motor insurance, or auto insurance, is an insurance product that covers the financial risk of vehicle damage. It is designed to protect you against financial losses if you're involved in an accident or the vehicle is damaged in some way. The policies include cars, trucks, motorcycles, and other road vehicles. Most states require you to have minimum amounts of liability insurance coverage.
The global Vehicle 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 Vehicle Insurance in various end use industries. The expanding demands from the Treaty Reinsurance and Facultative Reinsurance, are propelling Vehicle Insurance market. Commercial Vehicle, 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 Personal Vehicle 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 Vehicle 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 Vehicle 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 Vehicle Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Vehicle 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 Vehicle Insurance covered in this report include Allianz, AXA, Ping An, Assicurazioni Generali, China Life Insurance, Metlife, Nippon Life Insurance, Munich Reinsurance and State Farm Insurance, etc.
The global Vehicle 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:
Allianz
AXA
Ping An
Assicurazioni Generali
China Life Insurance
Metlife
Nippon Life Insurance
Munich Reinsurance
State Farm Insurance
Zurich Insurance
Old Mutual
Samsung
Aegon
Sumitomo
Aetna
MS&AD
HSBC
Global Vehicle 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 Vehicle Insurance market, Segment by Type:
Commercial Vehicle
Personal Vehicle
Global Vehicle Insurance market, by Application
Treaty Reinsurance
Facultative Reinsurance
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 Vehicle 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 Vehicle Insurance
1.1 Vehicle Insurance Market Overview
1.1.1 Vehicle Insurance Product Scope
1.1.2 Vehicle Insurance Market Status and Outlook
1.2 Global Vehicle Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Vehicle Insurance Market Size by Region (2018-2029)
1.4 Global Vehicle Insurance Historic Market Size by Region (2018-2023)
1.5 Global Vehicle Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Vehicle Insurance Market Size (2018-2029)
1.6.1 North America Vehicle Insurance Market Size (2018-2029)
1.6.2 Europe Vehicle Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Vehicle Insurance Market Size (2018-2029)
1.6.4 Latin America Vehicle Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Vehicle Insurance Market Size (2018-2029)
2 Vehicle Insurance Market by Type
2.1 Introduction
2.1.1 Commercial Vehicle
2.1.2 Personal Vehicle
2.2 Global Vehicle Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Vehicle Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Vehicle Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Vehicle Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Vehicle Insurance Revenue Breakdown by Type (2018-2029)
3 Vehicle Insurance Market Overview by Application
3.1 Introduction
3.1.1 Treaty Reinsurance
3.1.2 Facultative Reinsurance
3.2 Global Vehicle Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Vehicle Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Vehicle Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Vehicle Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Vehicle Insurance Revenue Breakdown by Application (2018-2029)
4 Vehicle Insurance Competition Analysis by Players
4.1 Global Vehicle 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 Vehicle Insurance as of 2022)
4.3 Date of Key Players Enter into Vehicle Insurance Market
4.4 Global Top Players Vehicle Insurance Headquarters and Area Served
4.5 Key Players Vehicle Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Vehicle Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Allianz
5.1.1 Allianz Profile
5.1.2 Allianz Main Business
5.1.3 Allianz Vehicle Insurance Products, Services and Solutions
5.1.4 Allianz Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Allianz Recent Developments
5.2 AXA
5.2.1 AXA Profile
5.2.2 AXA Main Business
5.2.3 AXA Vehicle Insurance Products, Services and Solutions
5.2.4 AXA Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 AXA Recent Developments
5.3 Ping An
5.3.1 Ping An Profile
5.3.2 Ping An Main Business
5.3.3 Ping An Vehicle Insurance Products, Services and Solutions
5.3.4 Ping An Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Assicurazioni Generali Recent Developments
5.4 Assicurazioni Generali
5.4.1 Assicurazioni Generali Profile
5.4.2 Assicurazioni Generali Main Business
5.4.3 Assicurazioni Generali Vehicle Insurance Products, Services and Solutions
5.4.4 Assicurazioni Generali Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Assicurazioni Generali Recent Developments
5.5 China Life Insurance
5.5.1 China Life Insurance Profile
5.5.2 China Life Insurance Main Business
5.5.3 China Life Insurance Vehicle Insurance Products, Services and Solutions
5.5.4 China Life Insurance Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 China Life Insurance Recent Developments
5.6 Metlife
5.6.1 Metlife Profile
5.6.2 Metlife Main Business
5.6.3 Metlife Vehicle Insurance Products, Services and Solutions
5.6.4 Metlife Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Metlife Recent Developments
5.7 Nippon Life Insurance
5.7.1 Nippon Life Insurance Profile
5.7.2 Nippon Life Insurance Main Business
5.7.3 Nippon Life Insurance Vehicle Insurance Products, Services and Solutions
5.7.4 Nippon Life Insurance Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Nippon Life 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 Vehicle Insurance Products, Services and Solutions
5.8.4 Munich Reinsurance Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 Munich Reinsurance Recent Developments
5.9 State Farm Insurance
5.9.1 State Farm Insurance Profile
5.9.2 State Farm Insurance Main Business
5.9.3 State Farm Insurance Vehicle Insurance Products, Services and Solutions
5.9.4 State Farm Insurance Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 State Farm Insurance Recent Developments
5.10 Zurich Insurance
5.10.1 Zurich Insurance Profile
5.10.2 Zurich Insurance Main Business
5.10.3 Zurich Insurance Vehicle Insurance Products, Services and Solutions
5.10.4 Zurich Insurance Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 Zurich Insurance Recent Developments
5.11 Old Mutual
5.11.1 Old Mutual Profile
5.11.2 Old Mutual Main Business
5.11.3 Old Mutual Vehicle Insurance Products, Services and Solutions
5.11.4 Old Mutual Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 Old Mutual Recent Developments
5.12 Samsung
5.12.1 Samsung Profile
5.12.2 Samsung Main Business
5.12.3 Samsung Vehicle Insurance Products, Services and Solutions
5.12.4 Samsung Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Samsung Recent Developments
5.13 Aegon
5.13.1 Aegon Profile
5.13.2 Aegon Main Business
5.13.3 Aegon Vehicle Insurance Products, Services and Solutions
5.13.4 Aegon Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Aegon Recent Developments
5.14 Sumitomo
5.14.1 Sumitomo Profile
5.14.2 Sumitomo Main Business
5.14.3 Sumitomo Vehicle Insurance Products, Services and Solutions
5.14.4 Sumitomo Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 Sumitomo Recent Developments
5.15 Aetna
5.15.1 Aetna Profile
5.15.2 Aetna Main Business
5.15.3 Aetna Vehicle Insurance Products, Services and Solutions
5.15.4 Aetna Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Aetna Recent Developments
5.16 MS&AD
5.16.1 MS&AD Profile
5.16.2 MS&AD Main Business
5.16.3 MS&AD Vehicle Insurance Products, Services and Solutions
5.16.4 MS&AD Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.16.5 MS&AD Recent Developments
5.17 HSBC
5.17.1 HSBC Profile
5.17.2 HSBC Main Business
5.17.3 HSBC Vehicle Insurance Products, Services and Solutions
5.17.4 HSBC Vehicle Insurance Revenue (US$ Million) & (2018-2023)
5.17.5 HSBC Recent Developments
6 North America
6.1 North America Vehicle Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Vehicle 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 Vehicle 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 Vehicle 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 Vehicle 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 Vehicle Insurance Market Dynamics
11.1 Vehicle Insurance Industry Trends
11.2 Vehicle Insurance Market Drivers
11.3 Vehicle Insurance Market Challenges
11.4 Vehicle 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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