Two-Wheeler Insurance Market is projected to reach $171.88 billion by 2030, registering a CAGR of 6.8% from 2021 to 2030.

Two-Wheeler Insurance Market by Policy Type (Third Party Liability Insurance and Comprehensive Insurance), Distribution Channel (Insurance Agents/Brokers, Direct Response, Banks, and Others), and Vehicle Age (New Vehicles, Used Vehicles): Global Opportunity Analysis and Industry Forecast, 2021-2030

Segment review

The global two-wheeler insurance market share is segmented into policy type, distribution channel, vehicle age, and region. In terms of policy type, it is fragmented into third party liability insurance and comprehensive insurance. By distribution channel, it is segregated into insurance agents/brokers, direct response, banks, and others. As per vehicle age, it is divided into new vehicle and used vehicle. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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Top impacting factors

Rise in number of traffic accidents

Regulatory requirements for the adoption of two-wheeler insurance

Key Benefits For Stakeholders     

  • The study provides an in-depth analysis of the two-wheeler insurance market forecast along with the current trends and future estimations to explain the imminent investment pockets.
  • The quantitative analysis of the two-wheeler insurance market trends from 2021 to 2030 is provided to determine the market potential.
  • Information about key drivers, restraints, & opportunities and their impact analysis on the global market is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the two-wheeler insurance market.

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Two-Wheeler Insurance Market Report Highlights

AspectsDetails
By Policy TypeThird Party Liability InsuranceComprehensive Insurance
By Distribution ChannelInsurance Agents/BrokersDirect ResponseBanksOthers
By Vehicle AgeNew VehicleUsed Vehicle
By RegionNorth America  (U.S., Canada)Europe   (Germany, UK, France, Italy, Spain, Rest of Europe)Asia-Pacific   (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)LAMEA  (Latin America, Middle East, Africa)
By Key Market PlayersSTATE FARM MUTUAL AUTOMOBILE INSURANCEGEICOALLSTATE INSURANCE COMPANYBajaj Allianz General InsuranceFarmersDairylandLiberty General Insurance Ltd.ACKO General Insurance LimitedProgressive Casualty Insurance CompanyUSAA

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