Pune, May 22, 2020 (Senmer News Wire) – The rising fear among the citizens regarding the future uncertainties and financial losses amid COVID-19, the market for motor insurance has a great opportunity to grow and grab a considerable market share by 2027.
Allied Market Research published a new report, titled, ” Motor Insurance Market By Coverage (Liability Coverage, Collision Coverage, Comprehensive Insurance, Uninsured Motor Insurance, Underinsured Motor Insurance, Medical Payment Coverage, Personal Injury Protection Insurance, and Gap Insurance), and Application (Commercial Vehicle and Personal Vehicle): Global Opportunity Analysis and Industry Forecast, 2020-2027.” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain a thorough understanding of the industry and determine steps to be taken to gain a competitive advantage.
The report offers key drivers that propel the growth in the global motor insurance market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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The research offers detailed segmentation of the global motor insurance market. Key segments analyzed in the research include coverage, application, and region. Extensive analysis of sales, revenue, growth rate, and market share of each segment for the historic period and the forecast period is offered with the help of tables.
The market is analyzed based on regions and the competitive landscape in each region is mentioned. Regions discussed in the study include North America (the United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
The research offers an extensive analysis of key players active in the global motor insurance industry. Detailed analysis of operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report include ICICI Lombard General Insurance Company Limited, Bajaj Allianz General Insurance Company Limited, Tata AIG General Insurance Company Limited, HDFC ERGO General Insurance Company Limited, The New India Assurance Co. Ltd., The Oriental Insurance Co. Ltd., Bharti AXA General Insurance Company Ltd., United India Insurance Co. Ltd., Reliance General Insurance Company, and Universal Sompo General Insurance Company Limited. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
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Key Benefits of the Report:
This study presents the analytical depiction of the global motor insurance industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global motor insurance market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global motor insurance market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global motor insurance market analysis based on competitive intensity and how the competition will take shape in the coming years.
Key offerings of the report:
Key drivers & Opportunities: Detailed analysis of driving factors and opportunities in different segments for strategizing.
Current trends & forecasts: Comprehensive analysis of the latest trends, development, and forecasts for the next few years to take the next steps.
Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.
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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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Source: The Motor Insurance market is expected to register a considerable growth, globally by 2027: AMR
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