Anzeige
Mehr »
Dienstag, 09.09.2025 - Börsentäglich über 12.000 News
Tokenisierung entfesselt: Republic führt die Ethereum-Revolution
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche
PR Newswire
460 Leser
Artikel bewerten:
(2)

Auto Insurance Market Size Worth $1,620.2 Billion By 2028 | CAGR: 8.8% | Million Insights

FELTON, Calif., Feb. 7, 2022 /PRNewswire/ -- The global auto insurance market size is expected to reach USD 1,620.2 billion by 2028, according to a new report by Million Insights. It is expected to expand at a CAGR of 8.8% from 2021 to 2028. The growing middle-class population in developing economies like China, India, and Brazil is propelling the demand for auto insurance. Various initiatives by the government and reforms regarding insurance policies have led to the significant growth of the market.

Key Insights from the report:

  • Asia Pacific is expected to register the fastest CAGR of 9.6% from 2021 to 2028 owing to the rising middle-class population in developing countries, including China and India
  • Based on coverage, the third-party liability coverage segment held the largest share of more than 60.0% in 2020 due to the rising investment in the insurance sector by various companies
  • North America held the largest share of over 40.0% in 2020 due to theincreasing demand in the U.S. and Canada
  • By application, the private passenger segmentheld the largest share of over 85.0% in 2020 owing to its increasing demand

Some Key Factors Driving the Global Auto Insurance Market:

The implementation of stringent government regulations for the adoption of auto insurance, the increasing number of accidents, and an increase in automobile sales globally are major factors responsible for the market growth. Moreover, increasing implementation of technologies in the existing products, coupled with the rising demand for third-party liability coverage in emerging nations, is projected to expand the market over the forecast period.

The third-party liability coverage segment held the largest share of over 60.0% in 2020. This insurance is compulsory for all vehicle owners under the motor vehicle act. It covers legal liability for the damage caused by the owner to the third party. Rising investment in the insurance sector by various companies is propelling the growth of third-party liability insurance. It will also register the highest growth rate over the forecast period due to its increasing demand.

North America accounted for the largest share of over 40.0% in 2020 due to the increasing demand in the U.S. and Canada. The insurance companies are providing lower premium rates that reward the client's healthy lifestyle. Moreover, a rise in the purchase of cars is another major factor driving the regional market. Asia Pacific is expected to register the fastest CAGR of 9.6% from 2021 to 2028. This is on account of the growing trend of auto insurance in this region.

Read synopsis or request for a free sample of market research report, "Auto Insurance Market Size, Share & Trends Analysis Report By Coverage (Third-party Liability Coverage, Collision/Comprehensive/Other Optional Coverages), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2021 - 2028" ,published by Million Insights.

Million Insights has segmented the global auto insurance market on the basis of coverage, distribution channel, application, and region:

  • Auto Insurance Coverage Outlook (Revenue, USD Billion, 2017 -2028)
    • Third-party Liability Coverage
    • Collision/Comprehensive/Other Optional Coverages
  • Auto Insurance Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2028)
    • Insurance Agents/Brokers
    • Direct Response
    • Banks
    • Others
  • Auto Insurance Application Outlook (Revenue, USD Billion, 2017 -2028)
    • Private Passenger
    • Commercial Passenger
  • Auto Insurance Regional Outlook (Revenue, USD Billion, 2017 -2028)
    • North America
      • U.S.
    • Europe
      • Germany
      • U.K.
      • France
    • Asia Pacific
      • China
      • Japan
    • Central & South America
      • Brazil
    • Middle East & Africa
      • South Africa

List of Key Players of Auto Insurance Market

  • People's Insurance Company of China
  • CHINA PACIFIC INSURANCE CO.
  • Ping An Insurance (Group) Company of China, Ltd.
  • State Farm Mutual Automobile Insurance
  • Berkshire Hathaway Inc.
  • Admiral Group Plc
  • GEICO
  • Tokio Marine Group
  • Allianz
  • Allstate Insurance Company

Explore Snapshots by Million Insights, for industry specific reports that provide real-time market trends and forecasts, by condensing the integral elements from our industry reports into bite-sized paragraphs, charts, and tables.

More Snapshot Reports and Press Releases.

About Million Insights:

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:

Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: 1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com
Web: https://www.millioninsights.com/
Follow Us: LinkedIn | Twitter

© 2022 PR Newswire
Solarbranche vor dem Mega-Comeback?
Lange galten Solaraktien als Liebling der Börse, dann kam der herbe Absturz: Zinsschock, Überkapazitäten aus China und ein Preisverfall, der selbst Marktführer wie SMA Solar, Enphase Energy oder SolarEdge massiv unter Druck setzte. Viele Anleger haben der Branche längst den Rücken gekehrt.

Doch genau das könnte jetzt die Chance sein!
Die Kombination aus KI-Explosion und Energiewende bringt die Branche zurück ins Rampenlicht:
  • Rechenzentren verschlingen Megawatt – Solarstrom bietet den günstigsten Preis je Kilowattstunde
  • Moderne Module liefern Wirkungsgrade wie Atomkraftwerke
  • hina bremst Preisdumping & pusht massiv den Ausbau
Gleichzeitig locken viele Solar-Aktien mit historischen Tiefstständen und massiven Short-Quoten, ein perfekter Nährboden für Kursrebound und Squeeze-Rally.

In unserem exklusiven Gratis-Report zeigen wir dir, welche 4 Solar-Aktien besonders vom Comeback profitieren dürften und warum jetzt der perfekte Zeitpunkt für einen Einstieg sein könnte.

Laden Sie jetzt den Spezialreport kostenlos herunter, bevor die Erholung am Markt beginnt!

Dieses Angebot gilt nur für kurze Zeit – also nicht zögern, jetzt sichern!
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.