The global Automotive & Vehicle Insurance market size was valued at USD 219730 million in 2023 and is forecast to a readjusted size of USD 260980 million by 2030 with a CAGR of 2.5% during review period.
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.
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.
The report includes an overview of the development of the Automotive & Vehicle Insurance industry chain, the market status of Passenger Car (Liability Insurance, Collision Coverage), Commercial Vehicle (Liability Insurance, Collision Coverage), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automotive & Vehicle Insurance.
Regionally, the report analyzes the Automotive & Vehicle Insurance markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automotive & Vehicle Insurance market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Automotive & Vehicle Insurance market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automotive & Vehicle Insurance industry.
The report involves analyzing the market at a macro level:
麻豆原创 Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Liability Insurance, Collision Coverage).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automotive & Vehicle Insurance market.
Regional Analysis: The report involves examining the Automotive & Vehicle Insurance market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
麻豆原创 Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automotive & Vehicle Insurance market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Automotive & Vehicle Insurance:
Company Analysis: Report covers individual Automotive & Vehicle Insurance players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automotive & Vehicle Insurance This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Passenger Car, Commercial Vehicle).
Technology Analysis: Report covers specific technologies relevant to Automotive & Vehicle Insurance. It assesses the current state, advancements, and potential future developments in Automotive & Vehicle Insurance areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automotive & Vehicle Insurance market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
麻豆原创 Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
麻豆原创 Segmentation
Automotive & Vehicle Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
麻豆原创 segment by Type
Liability Insurance
Collision Coverage
Comprehensive Coverage
Personal Injury Protection
麻豆原创 segment by Application
Passenger Car
Commercial Vehicle
麻豆原创 segment by players, this report covers
State Farm
GEICO
Progressive
Allstate
USAA
Liberty Mutual
Farmers
Nationwide
Travelers
American Family
麻豆原创 segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Automotive & Vehicle Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Automotive & Vehicle Insurance, with revenue, gross margin and global market share of Automotive & Vehicle Insurance from 2019 to 2024.
Chapter 3, the Automotive & Vehicle Insurance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Automotive & Vehicle Insurance market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Automotive & Vehicle Insurance.
Chapter 13, to describe Automotive & Vehicle Insurance research findings and conclusion.
Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.
1 麻豆原创 Overview
1.1 Product Overview and Scope of Automotive & Vehicle Insurance
1.2 麻豆原创 Estimation Caveats and Base Year
1.3 Classification of Automotive & Vehicle Insurance by Type
1.3.1 Overview: Global Automotive & Vehicle Insurance 麻豆原创 Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global Automotive & Vehicle Insurance Consumption Value 麻豆原创 Share by Type in 2023
1.3.3 Liability Insurance
1.3.4 Collision Coverage
1.3.5 Comprehensive Coverage
1.3.6 Personal Injury Protection
1.4 Global Automotive & Vehicle Insurance 麻豆原创 by Application
1.4.1 Overview: Global Automotive & Vehicle Insurance 麻豆原创 Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Passenger Car
1.4.3 Commercial Vehicle
1.5 Global Automotive & Vehicle Insurance 麻豆原创 Size & Forecast
1.6 Global Automotive & Vehicle Insurance 麻豆原创 Size and Forecast by Region
1.6.1 Global Automotive & Vehicle Insurance 麻豆原创 Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global Automotive & Vehicle Insurance 麻豆原创 Size by Region, (2019-2030)
1.6.3 North America Automotive & Vehicle Insurance 麻豆原创 Size and Prospect (2019-2030)
1.6.4 Europe Automotive & Vehicle Insurance 麻豆原创 Size and Prospect (2019-2030)
1.6.5 Asia-Pacific Automotive & Vehicle Insurance 麻豆原创 Size and Prospect (2019-2030)
1.6.6 South America Automotive & Vehicle Insurance 麻豆原创 Size and Prospect (2019-2030)
1.6.7 Middle East and Africa Automotive & Vehicle Insurance 麻豆原创 Size and Prospect (2019-2030)
2 Company Profiles
2.1 State Farm
2.1.1 State Farm Details
2.1.2 State Farm Major Business
2.1.3 State Farm Automotive & Vehicle Insurance Product and Solutions
2.1.4 State Farm Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.1.5 State Farm Recent Developments and Future Plans
2.2 GEICO
2.2.1 GEICO Details
2.2.2 GEICO Major Business
2.2.3 GEICO Automotive & Vehicle Insurance Product and Solutions
2.2.4 GEICO Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.2.5 GEICO Recent Developments and Future Plans
2.3 Progressive
2.3.1 Progressive Details
2.3.2 Progressive Major Business
2.3.3 Progressive Automotive & Vehicle Insurance Product and Solutions
2.3.4 Progressive Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.3.5 Progressive Recent Developments and Future Plans
2.4 Allstate
2.4.1 Allstate Details
2.4.2 Allstate Major Business
2.4.3 Allstate Automotive & Vehicle Insurance Product and Solutions
2.4.4 Allstate Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.4.5 Allstate Recent Developments and Future Plans
2.5 USAA
2.5.1 USAA Details
2.5.2 USAA Major Business
2.5.3 USAA Automotive & Vehicle Insurance Product and Solutions
2.5.4 USAA Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.5.5 USAA Recent Developments and Future Plans
2.6 Liberty Mutual
2.6.1 Liberty Mutual Details
2.6.2 Liberty Mutual Major Business
2.6.3 Liberty Mutual Automotive & Vehicle Insurance Product and Solutions
2.6.4 Liberty Mutual Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.6.5 Liberty Mutual Recent Developments and Future Plans
2.7 Farmers
2.7.1 Farmers Details
2.7.2 Farmers Major Business
2.7.3 Farmers Automotive & Vehicle Insurance Product and Solutions
2.7.4 Farmers Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.7.5 Farmers Recent Developments and Future Plans
2.8 Nationwide
2.8.1 Nationwide Details
2.8.2 Nationwide Major Business
2.8.3 Nationwide Automotive & Vehicle Insurance Product and Solutions
2.8.4 Nationwide Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.8.5 Nationwide Recent Developments and Future Plans
2.9 Travelers
2.9.1 Travelers Details
2.9.2 Travelers Major Business
2.9.3 Travelers Automotive & Vehicle Insurance Product and Solutions
2.9.4 Travelers Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.9.5 Travelers Recent Developments and Future Plans
2.10 American Family
2.10.1 American Family Details
2.10.2 American Family Major Business
2.10.3 American Family Automotive & Vehicle Insurance Product and Solutions
2.10.4 American Family Automotive & Vehicle Insurance Revenue, Gross Margin and 麻豆原创 Share (2019-2024)
2.10.5 American Family Recent Developments and Future Plans
3 麻豆原创 Competition, by Players
3.1 Global Automotive & Vehicle Insurance Revenue and Share by Players (2019-2024)
3.2 麻豆原创 Share Analysis (2023)
3.2.1 麻豆原创 Share of Automotive & Vehicle Insurance by Company Revenue
3.2.2 Top 3 Automotive & Vehicle Insurance Players 麻豆原创 Share in 2023
3.2.3 Top 6 Automotive & Vehicle Insurance Players 麻豆原创 Share in 2023
3.3 Automotive & Vehicle Insurance 麻豆原创: Overall Company Footprint Analysis
3.3.1 Automotive & Vehicle Insurance 麻豆原创: Region Footprint
3.3.2 Automotive & Vehicle Insurance 麻豆原创: Company Product Type Footprint
3.3.3 Automotive & Vehicle Insurance 麻豆原创: Company Product Application Footprint
3.4 New 麻豆原创 Entrants and Barriers to 麻豆原创 Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 麻豆原创 Size Segment by Type
4.1 Global Automotive & Vehicle Insurance Consumption Value and 麻豆原创 Share by Type (2019-2024)
4.2 Global Automotive & Vehicle Insurance 麻豆原创 Forecast by Type (2025-2030)
5 麻豆原创 Size Segment by Application
5.1 Global Automotive & Vehicle Insurance Consumption Value 麻豆原创 Share by Application (2019-2024)
5.2 Global Automotive & Vehicle Insurance 麻豆原创 Forecast by Application (2025-2030)
6 North America
6.1 North America Automotive & Vehicle Insurance Consumption Value by Type (2019-2030)
6.2 North America Automotive & Vehicle Insurance Consumption Value by Application (2019-2030)
6.3 North America Automotive & Vehicle Insurance 麻豆原创 Size by Country
6.3.1 North America Automotive & Vehicle Insurance Consumption Value by Country (2019-2030)
6.3.2 United States Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
6.3.3 Canada Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
6.3.4 Mexico Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
7 Europe
7.1 Europe Automotive & Vehicle Insurance Consumption Value by Type (2019-2030)
7.2 Europe Automotive & Vehicle Insurance Consumption Value by Application (2019-2030)
7.3 Europe Automotive & Vehicle Insurance 麻豆原创 Size by Country
7.3.1 Europe Automotive & Vehicle Insurance Consumption Value by Country (2019-2030)
7.3.2 Germany Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
7.3.3 France Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
7.3.4 United Kingdom Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
7.3.5 Russia Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
7.3.6 Italy Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific Automotive & Vehicle Insurance Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Automotive & Vehicle Insurance Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Automotive & Vehicle Insurance 麻豆原创 Size by Region
8.3.1 Asia-Pacific Automotive & Vehicle Insurance Consumption Value by Region (2019-2030)
8.3.2 China Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
8.3.3 Japan Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
8.3.4 South Korea Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
8.3.5 India Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
8.3.6 Southeast Asia Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
8.3.7 Australia Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
9 South America
9.1 South America Automotive & Vehicle Insurance Consumption Value by Type (2019-2030)
9.2 South America Automotive & Vehicle Insurance Consumption Value by Application (2019-2030)
9.3 South America Automotive & Vehicle Insurance 麻豆原创 Size by Country
9.3.1 South America Automotive & Vehicle Insurance Consumption Value by Country (2019-2030)
9.3.2 Brazil Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
9.3.3 Argentina Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa Automotive & Vehicle Insurance Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Automotive & Vehicle Insurance Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Automotive & Vehicle Insurance 麻豆原创 Size by Country
10.3.1 Middle East & Africa Automotive & Vehicle Insurance Consumption Value by Country (2019-2030)
10.3.2 Turkey Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
10.3.3 Saudi Arabia Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
10.3.4 UAE Automotive & Vehicle Insurance 麻豆原创 Size and Forecast (2019-2030)
11 麻豆原创 Dynamics
11.1 Automotive & Vehicle Insurance 麻豆原创 Drivers
11.2 Automotive & Vehicle Insurance 麻豆原创 Restraints
11.3 Automotive & Vehicle Insurance Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 Automotive & Vehicle Insurance Industry Chain
12.2 Automotive & Vehicle Insurance Upstream Analysis
12.3 Automotive & Vehicle Insurance Midstream Analysis
12.4 Automotive & Vehicle Insurance Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer
State Farm
GEICO
Progressive
Allstate
USAA
Liberty Mutual
Farmers
Nationwide
Travelers
American Family
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*If Applicable.