A two wheeler insurance plan basically covers any damage that a two-wheeler may incur in the event of an accident, natural disaster, or theft. Two wheeler insurance policy gives security against losses resulting from injuries to the rider or passenger as well as third parties, based on the type of policy purchased by an individual. Normally, the insurance plan comes together with new two-wheelers, where expenses of insurance is applied on the price of vehicle.
This report contains market size and forecasts of Two Wheeler Insurance in Global, including the following market information:
Global Two Wheeler Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Two Wheeler Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Third Party Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Two Wheeler Insurance include ETA Services Ltd, Evans Insurance Brokers Ltd, HDFC ERGO General Insurance Company Limited, National Insurance Company Limited, Bajaj Allianz General Insurance, Universal Sompo General Insurance Co.Ltd, Liberty General Insurance Limited, ICICI Lombard GIC Ltd and Progressive Casualty Insurance Company. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Two Wheeler Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Two Wheeler Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Two Wheeler Insurance Market Segment Percentages, by Type, 2021 (%)
Third Party Insurance
Comprehensive Insurance
Distributor
Global Two Wheeler Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Two Wheeler Insurance Market Segment Percentages, by Application, 2021 (%)
Online
Offline
Global Two Wheeler Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Two Wheeler Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Two Wheeler Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Two Wheeler Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ETA Services Ltd
Evans Insurance Brokers Ltd
HDFC ERGO General Insurance Company Limited
National Insurance Company Limited
Bajaj Allianz General Insurance
Universal Sompo General Insurance Co.Ltd
Liberty General Insurance Limited
ICICI Lombard GIC Ltd
Progressive Casualty Insurance Company