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Automotive Insurance-Global Market Insights and Sales Trends 2025
Synopsis
Automotive Insurance is a contract between vehicle owner and the insurance company that protects vehicle owner against financial loss in the event of an accident or theft. In exchange for owner’s paying a premium, the insurance company agrees to pay losses as outlined in your policy.
The global Automotive Insurance market size is expected to reach US$ 231830 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Insurance in various end use industries. The expanding demands from the Personal User, Company, Fleet and Other, are propelling Automotive Insurance market. Third-Party, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Comprehensive segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Insurance covered in this report include Allstate Insurance Company, RAC Motoring Services, Progressive Casualty Insurance Company, Clements Worldwide, GEICO, NFU Mutual, Zhongan Insurance, ABIC Inc and CPIC, etc.
The global Automotive Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allstate Insurance Company
RAC Motoring Services
Progressive Casualty Insurance Company
Clements Worldwide
GEICO
NFU Mutual
Zhongan Insurance
ABIC Inc
CPIC
State Farm Mutual Automobile Insurance Company
RSA Insurance Group plc
Zurich Insurance Group
Allianz SE
PICC
Assicurazioni Generali
Global Automotive Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Insurance market, Segment by Type:
Third-Party
Comprehensive
Theft
Fire
Others
Global Automotive Insurance market, by Application
Personal User
Company
Fleet
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Automotive Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Automotive Insurance is a contract between vehicle owner and the insurance company that protects vehicle owner against financial loss in the event of an accident or theft. In exchange for owner’s paying a premium, the insurance company agrees to pay losses as outlined in your policy.
The global Automotive Insurance market size is expected to reach US$ 231830 million by 2029, growing at a CAGR of 2.6% from 2023 to 2029. The market is mainly driven by the significant applications of Automotive Insurance in various end use industries. The expanding demands from the Personal User, Company, Fleet and Other, are propelling Automotive Insurance market. Third-Party, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Comprehensive segment is estimated at % CAGR for the next seven-year period.
Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive Insurance, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive Insurance market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive Insurance sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive Insurance covered in this report include Allstate Insurance Company, RAC Motoring Services, Progressive Casualty Insurance Company, Clements Worldwide, GEICO, NFU Mutual, Zhongan Insurance, ABIC Inc and CPIC, etc.
The global Automotive Insurance market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allstate Insurance Company
RAC Motoring Services
Progressive Casualty Insurance Company
Clements Worldwide
GEICO
NFU Mutual
Zhongan Insurance
ABIC Inc
CPIC
State Farm Mutual Automobile Insurance Company
RSA Insurance Group plc
Zurich Insurance Group
Allianz SE
PICC
Assicurazioni Generali
Global Automotive Insurance market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive Insurance market, Segment by Type:
Third-Party
Comprehensive
Theft
Fire
Others
Global Automotive Insurance market, by Application
Personal User
Company
Fleet
Other
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). 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 Two: 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 Three: 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 Four: Detailed analysis of Automotive Insurance companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: 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 Twelve: Research Finding/Conclusion
Index1 Market Overview of Automotive Insurance
1.1 Automotive Insurance Market Overview
1.1.1 Automotive Insurance Product Scope
1.1.2 Automotive Insurance Market Status and Outlook
1.2 Global Automotive Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Automotive Insurance Market Size by Region (2018-2029)
1.4 Global Automotive Insurance Historic Market Size by Region (2018-2023)
1.5 Global Automotive Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Automotive Insurance Market Size (2018-2029)
1.6.1 North America Automotive Insurance Market Size (2018-2029)
1.6.2 Europe Automotive Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Automotive Insurance Market Size (2018-2029)
1.6.4 Latin America Automotive Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Automotive Insurance Market Size (2018-2029)
2 Automotive Insurance Market by Type
2.1 Introduction
2.1.1 Third-Party
2.1.2 Comprehensive
2.1.3 Theft
2.1.4 Fire
2.1.5 Others
2.2 Global Automotive Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Automotive Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Automotive Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Automotive Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Automotive Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Automotive Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Automotive Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Automotive Insurance Revenue Breakdown by Type (2018-2029)
3 Automotive Insurance Market Overview by Application
3.1 Introduction
3.1.1 Personal User
3.1.2 Company
3.1.3 Fleet
3.1.4 Other
3.2 Global Automotive Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Automotive Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Automotive Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Automotive Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Automotive Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Automotive Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Automotive Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Automotive Insurance Revenue Breakdown by Application (2018-2029)
4 Automotive Insurance Competition Analysis by Players
4.1 Global Automotive Insurance Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive Insurance as of 2022)
4.3 Date of Key Players Enter into Automotive Insurance Market
4.4 Global Top Players Automotive Insurance Headquarters and Area Served
4.5 Key Players Automotive Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Automotive Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Allstate Insurance Company
5.1.1 Allstate Insurance Company Profile
5.1.2 Allstate Insurance Company Main Business
5.1.3 Allstate Insurance Company Automotive Insurance Products, Services and Solutions
5.1.4 Allstate Insurance Company Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Allstate Insurance Company Recent Developments
5.2 RAC Motoring Services
5.2.1 RAC Motoring Services Profile
5.2.2 RAC Motoring Services Main Business
5.2.3 RAC Motoring Services Automotive Insurance Products, Services and Solutions
5.2.4 RAC Motoring Services Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 RAC Motoring Services Recent Developments
5.3 Progressive Casualty Insurance Company
5.3.1 Progressive Casualty Insurance Company Profile
5.3.2 Progressive Casualty Insurance Company Main Business
5.3.3 Progressive Casualty Insurance Company Automotive Insurance Products, Services and Solutions
5.3.4 Progressive Casualty Insurance Company Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Clements Worldwide Recent Developments
5.4 Clements Worldwide
5.4.1 Clements Worldwide Profile
5.4.2 Clements Worldwide Main Business
5.4.3 Clements Worldwide Automotive Insurance Products, Services and Solutions
5.4.4 Clements Worldwide Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Clements Worldwide Recent Developments
5.5 GEICO
5.5.1 GEICO Profile
5.5.2 GEICO Main Business
5.5.3 GEICO Automotive Insurance Products, Services and Solutions
5.5.4 GEICO Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 GEICO Recent Developments
5.6 NFU Mutual
5.6.1 NFU Mutual Profile
5.6.2 NFU Mutual Main Business
5.6.3 NFU Mutual Automotive Insurance Products, Services and Solutions
5.6.4 NFU Mutual Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 NFU Mutual Recent Developments
5.7 Zhongan Insurance
5.7.1 Zhongan Insurance Profile
5.7.2 Zhongan Insurance Main Business
5.7.3 Zhongan Insurance Automotive Insurance Products, Services and Solutions
5.7.4 Zhongan Insurance Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Zhongan Insurance Recent Developments
5.8 ABIC Inc
5.8.1 ABIC Inc Profile
5.8.2 ABIC Inc Main Business
5.8.3 ABIC Inc Automotive Insurance Products, Services and Solutions
5.8.4 ABIC Inc Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 ABIC Inc Recent Developments
5.9 CPIC
5.9.1 CPIC Profile
5.9.2 CPIC Main Business
5.9.3 CPIC Automotive Insurance Products, Services and Solutions
5.9.4 CPIC Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 CPIC Recent Developments
5.10 State Farm Mutual Automobile Insurance Company
5.10.1 State Farm Mutual Automobile Insurance Company Profile
5.10.2 State Farm Mutual Automobile Insurance Company Main Business
5.10.3 State Farm Mutual Automobile Insurance Company Automotive Insurance Products, Services and Solutions
5.10.4 State Farm Mutual Automobile Insurance Company Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 State Farm Mutual Automobile Insurance Company Recent Developments
5.11 RSA Insurance Group plc
5.11.1 RSA Insurance Group plc Profile
5.11.2 RSA Insurance Group plc Main Business
5.11.3 RSA Insurance Group plc Automotive Insurance Products, Services and Solutions
5.11.4 RSA Insurance Group plc Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.11.5 RSA Insurance Group plc Recent Developments
5.12 Zurich Insurance Group
5.12.1 Zurich Insurance Group Profile
5.12.2 Zurich Insurance Group Main Business
5.12.3 Zurich Insurance Group Automotive Insurance Products, Services and Solutions
5.12.4 Zurich Insurance Group Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.12.5 Zurich Insurance Group Recent Developments
5.13 Allianz SE
5.13.1 Allianz SE Profile
5.13.2 Allianz SE Main Business
5.13.3 Allianz SE Automotive Insurance Products, Services and Solutions
5.13.4 Allianz SE Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.13.5 Allianz SE Recent Developments
5.14 PICC
5.14.1 PICC Profile
5.14.2 PICC Main Business
5.14.3 PICC Automotive Insurance Products, Services and Solutions
5.14.4 PICC Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.14.5 PICC Recent Developments
5.15 Assicurazioni Generali
5.15.1 Assicurazioni Generali Profile
5.15.2 Assicurazioni Generali Main Business
5.15.3 Assicurazioni Generali Automotive Insurance Products, Services and Solutions
5.15.4 Assicurazioni Generali Automotive Insurance Revenue (US$ Million) & (2018-2023)
5.15.5 Assicurazioni Generali Recent Developments
6 North America
6.1 North America Automotive Insurance Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Automotive Insurance Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Automotive Insurance Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Automotive Insurance Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Automotive Insurance Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Automotive Insurance Market Dynamics
11.1 Automotive Insurance Industry Trends
11.2 Automotive Insurance Market Drivers
11.3 Automotive Insurance Market Challenges
11.4 Automotive Insurance Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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