
Gap insurance is a type of auto insurance that car owners can buy to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully cover the amount the insured owes on the vehicle's financing or lease agreement. This situation arises when the balance owed on a car loan is greater than the book value of the vehicle.
Highlights
The global Gap Insurance market was valued at US$ million in 2022 and is anticipated to reach US$ million by 2029, witnessing a CAGR of % during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
North American market for Gap Insurance is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
Asia-Pacific market for Gap Insurance is estimated to increase from $ million in 2023 to reach $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The global market for Gap Insurance in Small Vehicles is estimated to increase from $ million in 2023 to $ million by 2029, at a CAGR of % during the forecast period of 2023 through 2029.
The key global companies of Gap Insurance include ALA, Admiral, AXA, Warranty Direct (BNP Paribas Cardif), AAA, Nationwide, Allianz, Covéa Insurance and Direct Gap, etc. In 2022, the world's top three vendors accounted for approximately % of the revenue.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Gap 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 Gap Insurance.
The Gap Insurance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global Gap 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 Gap Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by type, by application, and by regions.
By Company
ALA
Admiral
AXA
Warranty Direct (BNP Paribas Cardif)
AAA
Nationwide
Allianz
Covéa Insurance
Direct Gap
Motoreasy
Click4Gap
Esurance
USAA
Allstate
Progressive
Zurich Insurance
Segment by Type
Finance GAP Insurance
Return-to-invoice GAP Insurance
Vehicle Replacement GAP Insurance
Return-to-value GAP Insurance
Others
Segment by Application
Small Vehicles
Heavy Trucks
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
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by type, 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 Gap 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 key companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Gap Insurance Âé¶¹Ô´´ Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Finance GAP Insurance
1.2.3 Return-to-invoice GAP Insurance
1.2.4 Vehicle Replacement GAP Insurance
1.2.5 Return-to-value GAP Insurance
1.2.6 Others
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global Gap Insurance Âé¶¹Ô´´ Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Small Vehicles
1.3.3 Heavy Trucks
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Gap Insurance Âé¶¹Ô´´ Perspective (2018-2029)
2.2 Gap Insurance Growth Trends by Region
2.2.1 Global Gap Insurance Âé¶¹Ô´´ Size by Region: 2018 VS 2022 VS 2029
2.2.2 Gap Insurance Historic Âé¶¹Ô´´ Size by Region (2018-2023)
2.2.3 Gap Insurance Forecasted Âé¶¹Ô´´ Size by Region (2024-2029)
2.3 Gap Insurance Âé¶¹Ô´´ Dynamics
2.3.1 Gap Insurance Industry Trends
2.3.2 Gap Insurance Âé¶¹Ô´´ Drivers
2.3.3 Gap Insurance Âé¶¹Ô´´ Challenges
2.3.4 Gap Insurance Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Gap Insurance Players by Revenue
3.1.1 Global Top Gap Insurance Players by Revenue (2018-2023)
3.1.2 Global Gap Insurance Revenue Âé¶¹Ô´´ Share by Players (2018-2023)
3.2 Global Gap Insurance Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Gap Insurance Revenue
3.4 Global Gap Insurance Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Gap Insurance Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Gap Insurance Revenue in 2022
3.5 Gap Insurance Key Players Head office and Area Served
3.6 Key Players Gap Insurance Product Solution and Service
3.7 Date of Enter into Gap Insurance Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Gap Insurance Breakdown Data by Type
4.1 Global Gap Insurance Historic Âé¶¹Ô´´ Size by Type (2018-2023)
4.2 Global Gap Insurance Forecasted Âé¶¹Ô´´ Size by Type (2024-2029)
5 Gap Insurance Breakdown Data by Application
5.1 Global Gap Insurance Historic Âé¶¹Ô´´ Size by Application (2018-2023)
5.2 Global Gap Insurance Forecasted Âé¶¹Ô´´ Size by Application (2024-2029)
6 North America
6.1 North America Gap Insurance Âé¶¹Ô´´ Size (2018-2029)
6.2 North America Gap Insurance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Gap Insurance Âé¶¹Ô´´ Size by Country (2018-2023)
6.4 North America Gap Insurance Âé¶¹Ô´´ Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Gap Insurance Âé¶¹Ô´´ Size (2018-2029)
7.2 Europe Gap Insurance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Gap Insurance Âé¶¹Ô´´ Size by Country (2018-2023)
7.4 Europe Gap Insurance Âé¶¹Ô´´ Size by Country (2024-2029)
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 Gap Insurance Âé¶¹Ô´´ Size (2018-2029)
8.2 Asia-Pacific Gap Insurance Âé¶¹Ô´´ Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Gap Insurance Âé¶¹Ô´´ Size by Region (2018-2023)
8.4 Asia-Pacific Gap Insurance Âé¶¹Ô´´ Size by Region (2024-2029)
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 Gap Insurance Âé¶¹Ô´´ Size (2018-2029)
9.2 Latin America Gap Insurance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Gap Insurance Âé¶¹Ô´´ Size by Country (2018-2023)
9.4 Latin America Gap Insurance Âé¶¹Ô´´ Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Gap Insurance Âé¶¹Ô´´ Size (2018-2029)
10.2 Middle East & Africa Gap Insurance Âé¶¹Ô´´ Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Gap Insurance Âé¶¹Ô´´ Size by Country (2018-2023)
10.4 Middle East & Africa Gap Insurance Âé¶¹Ô´´ Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 ALA
11.1.1 ALA Company Detail
11.1.2 ALA Business Overview
11.1.3 ALA Gap Insurance Introduction
11.1.4 ALA Revenue in Gap Insurance Business (2018-2023)
11.1.5 ALA Recent Development
11.2 Admiral
11.2.1 Admiral Company Detail
11.2.2 Admiral Business Overview
11.2.3 Admiral Gap Insurance Introduction
11.2.4 Admiral Revenue in Gap Insurance Business (2018-2023)
11.2.5 Admiral Recent Development
11.3 AXA
11.3.1 AXA Company Detail
11.3.2 AXA Business Overview
11.3.3 AXA Gap Insurance Introduction
11.3.4 AXA Revenue in Gap Insurance Business (2018-2023)
11.3.5 AXA Recent Development
11.4 Warranty Direct (BNP Paribas Cardif)
11.4.1 Warranty Direct (BNP Paribas Cardif) Company Detail
11.4.2 Warranty Direct (BNP Paribas Cardif) Business Overview
11.4.3 Warranty Direct (BNP Paribas Cardif) Gap Insurance Introduction
11.4.4 Warranty Direct (BNP Paribas Cardif) Revenue in Gap Insurance Business (2018-2023)
11.4.5 Warranty Direct (BNP Paribas Cardif) Recent Development
11.5 AAA
11.5.1 AAA Company Detail
11.5.2 AAA Business Overview
11.5.3 AAA Gap Insurance Introduction
11.5.4 AAA Revenue in Gap Insurance Business (2018-2023)
11.5.5 AAA Recent Development
11.6 Nationwide
11.6.1 Nationwide Company Detail
11.6.2 Nationwide Business Overview
11.6.3 Nationwide Gap Insurance Introduction
11.6.4 Nationwide Revenue in Gap Insurance Business (2018-2023)
11.6.5 Nationwide Recent Development
11.7 Allianz
11.7.1 Allianz Company Detail
11.7.2 Allianz Business Overview
11.7.3 Allianz Gap Insurance Introduction
11.7.4 Allianz Revenue in Gap Insurance Business (2018-2023)
11.7.5 Allianz Recent Development
11.8 Covéa Insurance
11.8.1 Covéa Insurance Company Detail
11.8.2 Covéa Insurance Business Overview
11.8.3 Covéa Insurance Gap Insurance Introduction
11.8.4 Covéa Insurance Revenue in Gap Insurance Business (2018-2023)
11.8.5 Covéa Insurance Recent Development
11.9 Direct Gap
11.9.1 Direct Gap Company Detail
11.9.2 Direct Gap Business Overview
11.9.3 Direct Gap Gap Insurance Introduction
11.9.4 Direct Gap Revenue in Gap Insurance Business (2018-2023)
11.9.5 Direct Gap Recent Development
11.10 Motoreasy
11.10.1 Motoreasy Company Detail
11.10.2 Motoreasy Business Overview
11.10.3 Motoreasy Gap Insurance Introduction
11.10.4 Motoreasy Revenue in Gap Insurance Business (2018-2023)
11.10.5 Motoreasy Recent Development
11.11 Click4Gap
11.11.1 Click4Gap Company Detail
11.11.2 Click4Gap Business Overview
11.11.3 Click4Gap Gap Insurance Introduction
11.11.4 Click4Gap Revenue in Gap Insurance Business (2018-2023)
11.11.5 Click4Gap Recent Development
11.12 Esurance
11.12.1 Esurance Company Detail
11.12.2 Esurance Business Overview
11.12.3 Esurance Gap Insurance Introduction
11.12.4 Esurance Revenue in Gap Insurance Business (2018-2023)
11.12.5 Esurance Recent Development
11.13 USAA
11.13.1 USAA Company Detail
11.13.2 USAA Business Overview
11.13.3 USAA Gap Insurance Introduction
11.13.4 USAA Revenue in Gap Insurance Business (2018-2023)
11.13.5 USAA Recent Development
11.14 Allstate
11.14.1 Allstate Company Detail
11.14.2 Allstate Business Overview
11.14.3 Allstate Gap Insurance Introduction
11.14.4 Allstate Revenue in Gap Insurance Business (2018-2023)
11.14.5 Allstate Recent Development
11.15 Progressive
11.15.1 Progressive Company Detail
11.15.2 Progressive Business Overview
11.15.3 Progressive Gap Insurance Introduction
11.15.4 Progressive Revenue in Gap Insurance Business (2018-2023)
11.15.5 Progressive Recent Development
11.16 Zurich Insurance
11.16.1 Zurich Insurance Company Detail
11.16.2 Zurich Insurance Business Overview
11.16.3 Zurich Insurance Gap Insurance Introduction
11.16.4 Zurich Insurance Revenue in Gap Insurance Business (2018-2023)
11.16.5 Zurich 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
ALA
Admiral
AXA
Warranty Direct (BNP Paribas Cardif)
AAA
Nationwide
Allianz
Covéa Insurance
Direct Gap
Motoreasy
Click4Gap
Esurance
USAA
Allstate
Progressive
Zurich Insurance
Ìý
Ìý
*If Applicable.
