To Get Global Latest News, Business, Health, Technology, Home Improvement etc. World Trendy News
  • Home
  • News
  • Business
  • Fashion
  • Health
  • Home Improvement
  • Travel
  • Technology
  • CONTACT US
No Result
View All Result
  • Home
  • News
  • Business
  • Fashion
  • Health
  • Home Improvement
  • Travel
  • Technology
  • CONTACT US
No Result
View All Result
To Get Global Latest News, Business, Health, Technology, Home Improvement etc. World Trendy News
No Result
View All Result
Home Home

Global Auto Insurance Market To Be Driven By The Rising Sale Of Automobiles In The Forecast Period Of 2022-2027

admin by admin
November 14, 2022
in Home
0
Auto Insurance Market
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The new report by Expert Market Research titled, ‘Global Auto Insurance Market Growth, Size, Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global auto insurance market, assessing the market based on its segments like coverage, distribution channel, vehicle age, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2020): USD 704.8 Billion
  • Forecast CAGR (2022-2027): 7.1%
  • Forecast Market Size (2026): USD 1,170.9 Billion

The rising demand for personal vehicles across the world is consequently leading to an augmented auto insurance market. The propelling sale of automobiles is reasoned to be an effect of industrialisation in both developing and developed countries along and rising disposable income of people which has augmented their purchasing power. Accidents or theft of automobile can be unpredictable, and this gives rise to the need of protecting the vehicles via insurance, which is boosting the sale of auto insurance. Additionally, auto insurance encompasses the cost of injury, death or property damage caused by the insured vehicle. Also, the cases of negligence or rash driving on roads further trigger the need to have an insurance. Government regulations mandating auto insurance, in various countries, is significantly pushing the market higher.

Auto Insurance Market Segmentation

Auto insurance, also known as vehicle or motor insurance, is a contract between the person taking the insurance for his/her vehicle (insured) and the insurance company to offer protection against the case of financial loss due to situations like accident or theft of the vehicle. The insurance company charges a premium amount to pay for losses.

Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/auto-insurance-market/requestsample

On the basis of coverage, the market is segmented into:

  • Third Party Liability Coverage
  • Comprehensive
  • Others

The market is divided into the following, based on distribution channel:

  • Insurance Agents
  • Direct Response
  • Banks
  • Others

On the basis of vehicle age, the division of the market is as follows:

  • New Vehicles
  • Used Vehicles

On the basis of application, the market is bifurcated into:

  • Personal
  • Commercial

The major regional markets include:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Auto Insurance Market Trends

The Asia Pacific region is significantly contributing towards the auto insurance market owing to the presence of big automobile players in countries including Japan, China, and India. Their product innovation is helping to keep up with the growing demand for personal vehicle. Consequently, the demand for vehicle protection through automobile insurance is flourishing as well. Furthermore, the digitisation of financial services is aiding the market growth. For instance, in India, the ‘Digital India’ initiative of the government is strengthening awareness among people with respect to different options available under automobile insurance. Adding to this, development of application providing consolidation information, online availability of vehicle insurance, online renewal facilities are also significant factors aiding the market growth.

Key Market Players

The major players in the market are Progressive Casualty Insurance Company, State Farm Mutual Automobile Insurance Company, GEICO, Allstate Insurance Company, and Admiral Group plc, among others.

Read More Reports:

Fruit Powder Market

About Us:

Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact:

Company Name: Claight Corporation
Contact Person: James Rowan, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Tags: Auto Insurance MarketAuto Insurance Market Growth
Previous Post

Global Fruit Powder Market To Be Driven At A CAGR Of 7.6% In The Forecast Period Of 2022-2027

Next Post

Global Hydroponics Market To Be Driven By The Rapidly Increasing Global Population In The Forecast Period Of 2022-2027

admin

admin

Next Post
Hydroponics Market

Global Hydroponics Market To Be Driven By The Rapidly Increasing Global Population In The Forecast Period Of 2022-2027

Stay Connected test

  • 23.7k Followers
  • 99 Subscribers
  • Trending
  • Comments
  • Latest
MetaTrader 5

Top 4 MetaTrader 5 Features All Traders Should Know About

October 12, 2022
SEO Service

Effective SEO Service Provider 

October 17, 2022
How to Use the Smoker on a Dyna Glo Grill

How to Use the Smoker on a Dyna Glo Grill

October 7, 2022
How to Get Healthy And Strong Erection On Bed?

How to Get Healthy And Strong Erection On Bed?

November 16, 2022
Hair Extensions

DIY Human Hair Extensions Sew In For Black Women

0
jogging for mental health

Benefits of running and jogging for mental health

0
oven CLEANING SERVICES

OVEN CLEANING SERVICES

0
Cutting Wheel Wear

The Causes of Cutting Wheel Wear during Cutting Process

0
https://newstylereal.com/

Here You Get Korean Lip Fillers of 2023

January 26, 2023
https://newstylereal.com/

What Are Dakimakura Body Pillows?

January 30, 2023
What is a video conferencing system for professionals?

What is a video conferencing system for professionals?

January 24, 2023
Europe Cement Market

Europe Cement Market Size, Share, Price, Trends, Analysis, Key Players, Report, Forecast 2022-2027 | EMR Inc.

January 23, 2023

Recent News

https://newstylereal.com/

Here You Get Korean Lip Fillers of 2023

January 26, 2023
https://newstylereal.com/

What Are Dakimakura Body Pillows?

January 30, 2023
What is a video conferencing system for professionals?

What is a video conferencing system for professionals?

January 24, 2023
Europe Cement Market

Europe Cement Market Size, Share, Price, Trends, Analysis, Key Players, Report, Forecast 2022-2027 | EMR Inc.

January 23, 2023

NEWSTYLEREAL

Newstylereal is the Hub of authentic and reading-worthy content which covers Content Related to Technology such as Artificial Intelligence, Blockchain, and Metaverse As well as deep-dive knowledge of Fintech, Business, Crypto, Health, Lifestyle, And much more which will be added soon...

Follow Us

Browse by Category

  • Apps
  • Business
  • Entertainment
  • Fashion
  • Food
  • Gadget
  • Health
  • Home
  • Home Improvement
  • Lifestyle
  • Mobile
  • Movie
  • Music
  • News
  • Review
  • Startup
  • Tech
  • Technology
  • Travel
  • World

Recent News

https://newstylereal.com/

Here You Get Korean Lip Fillers of 2023

January 26, 2023
https://newstylereal.com/

What Are Dakimakura Body Pillows?

January 30, 2023
No Result
View All Result

Newstylereal is the Hub of authentic and reading-worthy content which covers Content Related to Technology such as Artificial Intelligence, Blockchain, and Metaverse As well as deep-dive knowledge of Fintech, Business, Crypto, and Health, Lifestyle And much more which will be added soon.