NJ New Jersey, USA -- (SBWire) -- 12/27/2022 --The latest study released on the Global Automotive & Vehicle Insurance Market by AMA Research evaluates market size, trend, and forecast to 2027. The Automotive & Vehicle Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
State Farm (United States), GEICO (United States), Progressive Corporation (United States), Allstate (United States), USAA (United States), Liberty Mutual (United States), Digit Insurance (India), HDFC ERGO (India), ICICI Lombard (India), Reliance General Insurance (India), American Family Insurance (United States), Travelers Insurance (United States)
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Definition:
Automotive or Vehicle Insurance is a type of insurance for personal and commercial road vehicles. The insurance provides financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. In many jurisdictions, it is compulsory to have vehicle insurance before using or keeping a motor vehicle on public roads. However, insurers are offering "pay-as-you-drive" insurance plan which utilizes either a tracking device in the vehicle or vehicle diagnostics that address issues of uninsured motorists by providing additional options and also charge based on the miles driven.
Market Drivers:
- Implementation of Regulations By Government for Compulsion of Vehicle Insurance
- Increasing Road Accidents and Growing Awareness About Financial Benefits of Vehicle Insurance Among End-users
Market Trend:
- Adoption of Third-party Liability Vehicle Insurance By Old Vehicle Owners Due to Low Cost
Market Opportunities:
- Rise in Ownership of Personal Vehicles Due to Increasing Population Across the Globe
The Global Automotive & Vehicle Insurance Market segments and Market Data Break Down are illuminated below:
by Application (Passenger Car, Motorcycles, Commercial Vehicle), Vehicle Type (New, Used), Coverage (Liability Insurance, Collision Coverage, Comprehensive Coverage, Personal Injury Protection)
Global Automotive & Vehicle Insurance market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to help the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the Automotive & Vehicle Insurance market by value and volume.
- -To estimate the market shares of major segments of the Automotive & Vehicle Insurance
- -To showcase the development of the Automotive & Vehicle Insurance market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the Automotive & Vehicle Insurance market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the Automotive & Vehicle Insurance
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Automotive & Vehicle Insurance market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Automotive & Vehicle Insurance Market Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of Automotive & Vehicle Insurance market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- Automotive & Vehicle Insurance Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Automotive & Vehicle Insurance Market Production by Region Automotive & Vehicle Insurance Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in Automotive & Vehicle Insurance Market Report:
- Automotive & Vehicle Insurance Overview, Definition and Classification Market drivers and barriers
- Automotive & Vehicle Insurance Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Automotive & Vehicle Insurance Market
- Automotive & Vehicle Insurance Capacity, Production, Revenue (Value) by Region (2021-2027)
- Automotive & Vehicle Insurance Supply (Production), Consumption, Export, Import by Region (2021-2027)
- Automotive & Vehicle Insurance Production, Revenue (Value), Price Trend by Type {Payment Gateway, Merchant Account, Subscription Management,}
- Automotive & Vehicle Insurance Manufacturers Profiles/Analysis Automotive & Vehicle Insurance Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
- How feasible is Automotive & Vehicle Insurance market for long-term investment?
- What are influencing factors driving the demand for Automotive & Vehicle Insurance near future?
- What is the impact analysis of various factors in the Global Automotive & Vehicle Insurance market growth?
- What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Automotive & Vehicle Insurance Market to See Huge Growth by 2027 : Progressive, Liberty Mutual, State Farm