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Motor Vehicle Liability Insurance-Global Market Insights and Sales Trends 2025
Synopsis
Motor vehicle liability insurance is a legally mandatory insurance in majority of the country, and is usually a part of the main car insurance policy.
The global Motor Vehicle Liability Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Motor Vehicle Liability Insurance in various end use industries. The expanding demands from the Independent Agents/Brokers, Bank, Telephone and Others, are propelling Motor Vehicle Liability Insurance market. Personal, 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 Commercial 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 Motor Vehicle Liability 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 Motor Vehicle Liability 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 Motor Vehicle Liability Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Motor Vehicle Liability 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 Motor Vehicle Liability Insurance covered in this report include Allstate, AXA XL, Chubb Limited, Great American, Hiscox Ltd, Nationwide, Progressive Commercial, State Farm and The Hartford, etc.
The global Motor Vehicle Liability 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
AXA XL
Chubb Limited
Great American
Hiscox Ltd
Nationwide
Progressive Commercial
State Farm
The Hartford
The Travelers Indemnity Company
Global Motor Vehicle Liability 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 Motor Vehicle Liability Insurance market, Segment by Type:
Personal
Commercial
Global Motor Vehicle Liability Insurance market, by Application
Independent Agents/Brokers
Bank
Telephone
Others
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 Motor Vehicle Liability 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
Motor vehicle liability insurance is a legally mandatory insurance in majority of the country, and is usually a part of the main car insurance policy.
The global Motor Vehicle Liability Insurance market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Motor Vehicle Liability Insurance in various end use industries. The expanding demands from the Independent Agents/Brokers, Bank, Telephone and Others, are propelling Motor Vehicle Liability Insurance market. Personal, 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 Commercial 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 Motor Vehicle Liability 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 Motor Vehicle Liability 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 Motor Vehicle Liability Insurance market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Motor Vehicle Liability 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 Motor Vehicle Liability Insurance covered in this report include Allstate, AXA XL, Chubb Limited, Great American, Hiscox Ltd, Nationwide, Progressive Commercial, State Farm and The Hartford, etc.
The global Motor Vehicle Liability 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
AXA XL
Chubb Limited
Great American
Hiscox Ltd
Nationwide
Progressive Commercial
State Farm
The Hartford
The Travelers Indemnity Company
Global Motor Vehicle Liability 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 Motor Vehicle Liability Insurance market, Segment by Type:
Personal
Commercial
Global Motor Vehicle Liability Insurance market, by Application
Independent Agents/Brokers
Bank
Telephone
Others
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 Motor Vehicle Liability 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 Motor Vehicle Liability Insurance
1.1 Motor Vehicle Liability Insurance Market Overview
1.1.1 Motor Vehicle Liability Insurance Product Scope
1.1.2 Motor Vehicle Liability Insurance Market Status and Outlook
1.2 Global Motor Vehicle Liability Insurance Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Motor Vehicle Liability Insurance Market Size by Region (2018-2029)
1.4 Global Motor Vehicle Liability Insurance Historic Market Size by Region (2018-2023)
1.5 Global Motor Vehicle Liability Insurance Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Motor Vehicle Liability Insurance Market Size (2018-2029)
1.6.1 North America Motor Vehicle Liability Insurance Market Size (2018-2029)
1.6.2 Europe Motor Vehicle Liability Insurance Market Size (2018-2029)
1.6.3 Asia-Pacific Motor Vehicle Liability Insurance Market Size (2018-2029)
1.6.4 Latin America Motor Vehicle Liability Insurance Market Size (2018-2029)
1.6.5 Middle East & Africa Motor Vehicle Liability Insurance Market Size (2018-2029)
2 Motor Vehicle Liability Insurance Market by Type
2.1 Introduction
2.1.1 Personal
2.1.2 Commercial
2.2 Global Motor Vehicle Liability Insurance Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Motor Vehicle Liability Insurance Historic Market Size by Type (2018-2023)
2.2.2 Global Motor Vehicle Liability Insurance Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Motor Vehicle Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Motor Vehicle Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Motor Vehicle Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Motor Vehicle Liability Insurance Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Motor Vehicle Liability Insurance Revenue Breakdown by Type (2018-2029)
3 Motor Vehicle Liability Insurance Market Overview by Application
3.1 Introduction
3.1.1 Independent Agents/Brokers
3.1.2 Bank
3.1.3 Telephone
3.1.4 Others
3.2 Global Motor Vehicle Liability Insurance Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Motor Vehicle Liability Insurance Historic Market Size by Application (2018-2023)
3.2.2 Global Motor Vehicle Liability Insurance Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Motor Vehicle Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Motor Vehicle Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Motor Vehicle Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Motor Vehicle Liability Insurance Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Motor Vehicle Liability Insurance Revenue Breakdown by Application (2018-2029)
4 Motor Vehicle Liability Insurance Competition Analysis by Players
4.1 Global Motor Vehicle Liability 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 Motor Vehicle Liability Insurance as of 2022)
4.3 Date of Key Players Enter into Motor Vehicle Liability Insurance Market
4.4 Global Top Players Motor Vehicle Liability Insurance Headquarters and Area Served
4.5 Key Players Motor Vehicle Liability Insurance Product Solution and Service
4.6 Competitive Status
4.6.1 Motor Vehicle Liability Insurance Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Allstate
5.1.1 Allstate Profile
5.1.2 Allstate Main Business
5.1.3 Allstate Motor Vehicle Liability Insurance Products, Services and Solutions
5.1.4 Allstate Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.1.5 Allstate Recent Developments
5.2 AXA XL
5.2.1 AXA XL Profile
5.2.2 AXA XL Main Business
5.2.3 AXA XL Motor Vehicle Liability Insurance Products, Services and Solutions
5.2.4 AXA XL Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.2.5 AXA XL Recent Developments
5.3 Chubb Limited
5.3.1 Chubb Limited Profile
5.3.2 Chubb Limited Main Business
5.3.3 Chubb Limited Motor Vehicle Liability Insurance Products, Services and Solutions
5.3.4 Chubb Limited Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.3.5 Great American Recent Developments
5.4 Great American
5.4.1 Great American Profile
5.4.2 Great American Main Business
5.4.3 Great American Motor Vehicle Liability Insurance Products, Services and Solutions
5.4.4 Great American Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.4.5 Great American Recent Developments
5.5 Hiscox Ltd
5.5.1 Hiscox Ltd Profile
5.5.2 Hiscox Ltd Main Business
5.5.3 Hiscox Ltd Motor Vehicle Liability Insurance Products, Services and Solutions
5.5.4 Hiscox Ltd Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.5.5 Hiscox Ltd Recent Developments
5.6 Nationwide
5.6.1 Nationwide Profile
5.6.2 Nationwide Main Business
5.6.3 Nationwide Motor Vehicle Liability Insurance Products, Services and Solutions
5.6.4 Nationwide Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.6.5 Nationwide Recent Developments
5.7 Progressive Commercial
5.7.1 Progressive Commercial Profile
5.7.2 Progressive Commercial Main Business
5.7.3 Progressive Commercial Motor Vehicle Liability Insurance Products, Services and Solutions
5.7.4 Progressive Commercial Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.7.5 Progressive Commercial Recent Developments
5.8 State Farm
5.8.1 State Farm Profile
5.8.2 State Farm Main Business
5.8.3 State Farm Motor Vehicle Liability Insurance Products, Services and Solutions
5.8.4 State Farm Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.8.5 State Farm Recent Developments
5.9 The Hartford
5.9.1 The Hartford Profile
5.9.2 The Hartford Main Business
5.9.3 The Hartford Motor Vehicle Liability Insurance Products, Services and Solutions
5.9.4 The Hartford Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.9.5 The Hartford Recent Developments
5.10 The Travelers Indemnity Company
5.10.1 The Travelers Indemnity Company Profile
5.10.2 The Travelers Indemnity Company Main Business
5.10.3 The Travelers Indemnity Company Motor Vehicle Liability Insurance Products, Services and Solutions
5.10.4 The Travelers Indemnity Company Motor Vehicle Liability Insurance Revenue (US$ Million) & (2018-2023)
5.10.5 The Travelers Indemnity Company Recent Developments
6 North America
6.1 North America Motor Vehicle Liability Insurance Market Size by Country (2018-2029)
6.2 United States
6.3 Canada
7 Europe
7.1 Europe Motor Vehicle Liability 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 Motor Vehicle Liability 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 Motor Vehicle Liability 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 Motor Vehicle Liability 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 Motor Vehicle Liability Insurance Market Dynamics
11.1 Motor Vehicle Liability Insurance Industry Trends
11.2 Motor Vehicle Liability Insurance Market Drivers
11.3 Motor Vehicle Liability Insurance Market Challenges
11.4 Motor Vehicle Liability 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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