Automotive & Vehicle Insurance Market Value Extracted; Know Which Players are Gaining Grounds

Automotive & Vehicle Insurance Market Latest Edition Published with Forecast to 2028


According to the report, Adoption of Third-party Liability Vehicle Insurance By Old Vehicle Owners Due to Low Cost is one of the primary growth factors for the market. Implementation of Regulations By Government for Compulsion of Vehicle Insurance is also expected to contribute significantly to the Automotive & Vehicle Insurance market growth. Overall, Passenger Car applications of Automotive & Vehicle Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Vehicle Type, such as New, is boosting the Automotive & Vehicle Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Coverage, such as Liability Insurance, is boosting the Automotive & Vehicle Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Automotive & Vehicle Insurance market identified that the demand is rising in many different parts of the world as "Rise in Ownership of Personal Vehicles Due to Increasing Population Across the Globe". Furthermore, some recent industry insights like "In March 2022, Liberty Mutual Insurance completed the acquisition of State Auto Group, a transregional property and casualty insurance holding company based in Columbus, Ohio, that distributes personal and small commercial insurance in 33 states through approximately 3,400 independent agents. More than 2,000 State Auto employees will join Liberty Mutual's US operations in global retail markets." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Automotive & Vehicle Insurance market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2022 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive & Vehicle Insurance market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Automotive & Vehicle Insurance Market Study

Data Triangulation
The overall Automotive & Vehicle Insurance market size is calculated using market estimation process, the Automotive & Vehicle Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Automotive & Vehicle Insurance market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager