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Motor Insurance Market, Global Outlook and Forecast 2023-2030

Motor Insurance Market, Global Outlook and Forecast 2023-2030

  • Published on : 06 December 2023
  • Pages :118
  • Report Code:SMR-7870406

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Report overview

The global Motor Insurance market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The USA market for Global Motor Insurance market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Motor Insurance market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Motor Insurance market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

Motor insurance, namely motor vehicle insurance, referred to as auto insurance, also known as auto insurance.It is a kind of commercial insurance that points to the person casualty or property loss that causes because of natural disaster or accident to motor vehicle to assume compensatory liability.
This report aims to provide a comprehensive presentation of the global market for Motor 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 Motor Insurance.

This report contains market size and forecasts of Motor Insurance in global, including the following market information:

  • Global Motor Insurance Market Revenue, 2018-2023, 2024-2030, ($ millions)
  • Global top five companies in 2022 (%)

The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
Third-party Liability Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Motor Insurance include Clements Worldwide, Zhongan Insurance, CPIC, RAC Motoring Services, ABIC Inc, Progressive Casualty Insurance Company, Zurich Insurance Group, RSA Insurance Group and Allstate Insurance Company, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Motor Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Motor Insurance Market, by Type, 2018-2023, 2024-2030 ($ millions)
Global Motor Insurance Market Segment Percentages, by Type, 2022 (%)

  • Third-party Liability
  • Comprehensive

Global Motor Insurance Market, by Application, 2018-2023, 2024-2030 ($ millions)
Global Motor Insurance Market Segment Percentages, by Application, 2022 (%)

  • Car
  • Tram
  • Battery Car
  • Motorcycle
  • Tractor
  • Other

Global Motor Insurance Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions)
Global Motor Insurance Market Segment Percentages, By Region and Country, 2022 (%)

  • North America (United States, Canada, Mexico)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:

  • Key companies Motor Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
  • Key companies Motor Insurance revenues share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

  • Clements Worldwide
  • Zhongan Insurance
  • CPIC
  • RAC Motoring Services
  • ABIC Inc
  • Progressive Casualty Insurance Company
  • Zurich Insurance Group
  • RSA Insurance Group
  • Allstate Insurance Company
  • NFU Mutual
  • State Farm Mutual Automobile Insurance Company
  • GEICO
  • Chubb Ltd
  • Nationwide Mutual Insurance
  • Liberty Mutual Insurance
  • Assicurazioni Generali
  • PICC Property & Casualty
  • Allianz SE
  • Tesla
  • Ping An Insurance?Group?
  • PICC

Outline of Major Chapters:
Chapter 1: Introduces the definition of Motor Insurance, market overview.
Chapter 2: Global Motor Insurance market size in revenue.
Chapter 3: Detailed analysis of Motor Insurance company competitive landscape, revenue and 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: Sales of Motor Insurance in regional level and country level. 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 of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.