Motor Insurance Market 2022 Global Trends, Size and Forecast Report to 2028
The Motor Insurance Market report has been tailored in such a way that it gives total data related with market perspectives which directly or indirectly influence the industry structure. The report also opens up on a detailed investigation of various market factor such as growth path, trends, revenue, challenges and opportunity during the forecast timeline. Therefore, this report includes a full-scale market assessment that will help to acquire a deeper understanding of competitive benchmarking, market forecasts, company market share and market dynamics.
The research report also covers the
comprehensive profiles of the key players in the market and an in-depth view of
the competitive landscape worldwide. The major players in the motor insurance
market include Allianz SE, PICC Property
and Casualty Co Ltd., Ping An Insurance (Group) Co of China Ltd., ICICI Lombard
General Insurance Co Ltd., Sompo Holdings Inc., Samsung Fire and Marine
Insurance Co Ltd., Aviva Plc, State Farm Mutual Automobile Insurance Company,
GEICO, Porto Seguro S.A. This section includes a holistic view of the
competitive landscape that includes various strategic developments such as key
mergers & acquisitions, future capacities, partnerships, financial
overviews, collaborations, new product developments, new product launches, and
other developments.
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Market
Dynamics
The global auto insurance market is gaining
popularity worldwide due to increased automobile sales globally and government
mandatory regulation. The rising incidences of road accident due to the rise in
road traffic is one reason for market growth. Governments over the world make
it obligatory to purchase insurance policy while buying a new vehicle. This
move has gone about as an impetus in the expanded deal in the auto insurance
market. Innovative and lucrative product launches are relied upon to help
market growth. Players offer different extra covers, and it is estimated to
affect protection deals emphatically.
The report covers Porter’s Five Forces
Model, Market Attractiveness Analysis and Value Chain analysis. These tools
help to get a clear picture of the industry’s structure and evaluate the
competition attractiveness at a global level.
Additionally, these tools also give
inclusive assessment of each application/product segment in the global market
of motor insurance.
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Market
Segmentation
The entire motor insurance market has been
sub-categorized into policy type, premium type and distribution channel. The
report provides an analysis of these subsets with respect to the geographical
segmentation. This research study will keep marketer informed and helps to
identify the target demographics for a product or service.
By
Policy Type
·
Third-Party Liability
·
Third-Party Fire and Theft
·
Comprehensive
By Premium Type
·
Personal Insurance Premium
·
Commercial Insurance Premium
By
Distribution Channel
·
Insurance Broker/Agency
·
Online
Regional
Analysis
This section covers regional segmentation
which accentuates on current and future demand for motor insurance market
across North America, Europe, Asia-Pacific, Latin America, and Middle East
& Africa. Further, the report focuses on demand for individual application
segment across all the prominent regions.
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