Edison, NJ -- (SBWIRE) -- 11/11/2020 -- AMA Research published a new research publication on "Motorcycle Insurance Market Insights, to 2025" with 150+pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Motorcycle Insurance market was mainly driven by the increasing R&D spending across the world, however latest COVID scenario and economic slowdown have changed complete market dynamics. Some of the key players profiled in the study are Dai-ichi Mutual Life Insurance (Japan), Farmers Insurance (United States), Allianz SE (Germany), Allstate (United States), Zurich Insurance Group Ltd. (Switzerland), State Farm Insurance (United States), Assicurazioni Generali (Italy), GEICO (United States), Cardinal Health (United States), Munich Re Group (Germany), Aviva (United Kingdom) and AXA (France)
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Two-wheeler insurance refer to an insurance policy that is taken to cover the damage to the bike/ scooter or to the rider due to some unforeseen events such as road accidents, natural disaster, and theft or loss of a motor vehicle. Bike insurance essentially provides coverage against any third-party liability that may arise from injuries incurred to one or more individuals in case of an accident. The motorcycle insurance provides cover to the vehicles and cover all uses whether for personal, commercial or mixed purpose.
Market Drivers
- Increasing Incidence of Accidents Globally
- Government Focus on Accident Insurance
Market Trend
- Development of New Offers and Schemes by Insurance Companies
- Innovation in Motorcycle Insurance Products
Restraints
- Stringent Government Rules and Regulations
Opportunities
- High Potential Growth in Emerging Countries
- Addition of Attractive Features to the Plans by Insurance Companies
Challenges
- Longer Time for Claim Reimbursement
Market Competition
This report covers the recent COVID-19 incidence and its impact on Motorcycle Insurance Market. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market. Each company profiled in the research document is studied considering various factors such as product and its application portfolios, market share, growth potential, future plans, and development activity like merger & Acquisitions, JVs, Product launch etc. Readers will be able to gain complete understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on important strategies that key and emerging players are taking to maintain their ranking in the Motorcycle Insurance Market. The study highlights how competition will change dynamics in the coming years and why players are preparing themselves to stay ahead of the curve.
The key countries in each region are taken into consideration as well, such as United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
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The titled segments and sub-section of the market are illuminated below:
Type (Comprehensive Two-Wheeler Insurance, Third-Party, Fire and Theft, Third-Party Only, Others), Application (Mopeds, Scooters, Dirt bikes, Customized motorcycles, Sportbikes, Others), End-Users (Personal, Business), Insurance Providers (Brokers, Dealers, Direct Internet Sales, Insurance Comparators, Others), Motorcycle Coverage (Motorcycle Collision, Customized Motorcycle Parts, Uninsured/Underinsured Motorist (UM/UIM) Coverage, Medical Payments, Personal Injury Protection, Others)
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Strategic Points Covered in Table of Content of Motorcycle Insurance Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Motorcycle Insurance market
Chapter 2: Exclusive Summary – the basic information of the Motorcycle Insurance Market.
Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Motorcycle Insurance
Chapter 4: Presenting the Motorcycle Insurance Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2014-2019
Chapter 6: Evaluating the leading manufacturers of the Motorcycle Insurance market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2020-2025)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally,Motorcycle Insurance Market is a valuable source of guidance for individuals and companies.
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Motorcycle Insurance market?
- What are the key concerns of the five forces analysis of the Motorcycle Insurance market?
- What are different prospects and threats faced by the dealers in the Motorcycle Insurance market?
- What are the strengths and weaknesses of the key vendors?