Global Commercial Auto Insurance Industry Outlook 2021: Overview, Opportunities, Key Companies and Forecast to 2027
Executive Summary
According to GRD Survey data, the global Commercial Auto Insurance market was valued at million US$ in 2020 and is expected to reach million US$ by the end of 2027, growing at a CAGR of % in the forecast period 2021 and 2027.
This report studies the Commercial Auto Insurance market dynamics from angles such as new entries, mergers and acquisitions, fundings, exit and major technology breakthroughs. Market performance is evaluated through market size (Million USD) by players, regions, product types and end industries. This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with revenue, market share and growth Rate of Commercial Auto Insurance in these regions, from 2016 to 2027, covering
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Italy, Spain and Russia, etc.)
Asia-Pacific (China, Japan, Korea, Southeast Asia, India, Australia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Turkey, Saudi Arabia, South Africa, etc.)
Market Snapshot, By Product Type
Liability Insurance
Physical Damage Insurance
Others
Physical damage insurance dominated the commercial auto insurance market in 2019, which accounted for over 66.8% market share.
Market Snapshot, By Application
Passenger Car
Commercial Vehicle
Commercial vehicle holds an important share in terms of applications with a market share of near 69% in 2019.
Market Snapshot, By Region:
North America
United States
Canada
Mexico
Europe
Germany
France
UK
Italy
Russia
Spain
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Central & South America
Brazil
Argentina
Colombia
Middle East & Africa
Iran
South Africa
Israel
Turkey
Saudi Arabia
Main Market Players Analyzed in this report, including:
PICC
Zurich
Travelers Group
Tokyo Marine
Sompo Japan
Progressive Corporation
Ping An
Old Republic International
Nationwide
Mitsui Sumitomo Insurance
MAPFRE
Liberty Mutual Group
Generali Group
CPIC
Chubb
Berkshire Hathaway
AXA
Aviva
Auto Owners Grp.
AmTrust NGH
The study objectives of this report are:
To study and analyze the global Commercial Auto Insurance market size (Million USD) by company, key regions/countries, products and application, history data from 2016 to 2020, and forecast to 2027.
To understand industry structure of Commercial Auto Insurance market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To identify the key global Commercial Auto Insurance manufacturers and regional typical players, to define, describe and analyze their sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Commercial Auto Insurance market with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Commercial Auto Insurance submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Commercial Auto Insurance are as follows:
History Year: 2016-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2027
This report includes the estimation of market size from top-down approach by analyzing major submarkets and their major driving factors, and verified from bottom-up approaches. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified from primary sources.
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders Considered in the study:
Raw material vendors
Distributors/traders/wholesalers/suppliers
Regulatory authorities, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade/Industrial associations
End-use industries
Table of Contents
1 Market Definition & Scope
1.1 Definition & Scope
1.2 Commercial Auto Insurance Product Specifications
1.3 Main Events (Entry, M&A, Exit, Technology and Capital Activity)
1.4 Global Commercial Auto Insurance Market Performance and Outlook
2 Market Development Performance under COVID-19
2.1 Influencing Factors of Industry Development in the Next Five Years
2.1.1 Drivers
2.1.2 Restraints
2.1.3 Opportunities
2.2 Porter's Five Forces Analysis
2.3 Comparison of Alternatives and Commercial Auto Insurance
3 3 Industrial Lift Cycle and Main Buyers Analysis
3.1 Industry Life Cycle Analysis
3.2 Key Buying Industries/Consumers
3.2.1 Major Buyers in Application One
3.2.2 Major Buyers in Application Two
3.2.1 Major Buyers in Application Three
4 Market Segment: by Type
4.1 Commercial Auto Insurance Type Introduction
4.1.1 Liability Insurance
4.1.2 Physical Damage Insurance
4.1.3 Others
4.1.4 Physical damage insurance dominated the commercial auto insurance market in 2019, which accounted for over 66.8% market share.
4.2 Global Commercial Auto Insurance Revenue by Type 2016-2021
5 Market Segment: by Application
5.1 Commercial Auto Insurance Type Introduction
5.1.1 Passenger Car
5.1.2 Commercial Vehicle
5.1.3 Commercial vehicle holds an important share in terms of applications with a market share of near 69% in 2019.
5.2 Global Commercial Auto Insurance Revenue by Application 2016-2021
6 Marke Segment: by Region
6.1 Global Commercial Auto Insurance Market by Region
6.2 North America Commercial Auto Insurance Market 2016-2021
6.3 Europe Commercial Auto Insurance Market 2016-2021
6.4 Asia Pacific Commercial Auto Insurance Market 2016-2021
6.5 South America Commercial Auto Insurance Market 2016-2021
6.6 Middle East and Africa Commercial Auto Insurance Market 2016-2021
7 North America
7.1 North America Commercial Auto Insurance Market by Country 2016-2021
7.2 United States
7.3 Canada
7.4 Mexico
8 Europe
8.1 Europe Commercial Auto Insurance Market by Country 2016-2021
8.2 Germany
8.3 France
8.4 UK
8.5 Italy
8.6 Russia
8.7 Spain
9 Asia Pacific
9.1 Asia Pacific Commercial Auto Insurance Market by Country 2016-2021
9.2 China
9.3 Japan
9.4 Korea
9.5 Southeast Asia
9.6 India
9.7 Australia
10 South America
10.1 South America Commercial Auto Insurance Market by Country 2016-2021
10.2 Brazil
10.3 Argentina
10.4 Colombia
11 Middle East and Africa
11.1 Middle East and Africa Commercial Auto Insurance Market by Country 2016-2021
11.2 Turkey
11.3 Saudi Arabia
11.4 South Africa
12 Key Participants Company Information
3.1 PICC
3.1.1 PICC Company Information
3.1.2 PICC Commercial Auto Insurance Product Portfolio, Specification and Application
3.1.3 PICC Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.1.4 PICC Key Development
3.2 Zurich
3.2.1 Zurich Company Information
3.2.2 Zurich Commercial Auto Insurance Product Portfolio, Specification and Application
3.2.3 Zurich Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.2.4 Zurich Key Development
3.3 Travelers Group
3.3.1 Travelers Group Company Information
3.3.2 Travelers Group Commercial Auto Insurance Product Portfolio, Specification and Application
3.3.3 Travelers Group Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.3.4 Travelers Group Key Development
3.4 Tokyo Marine
3.4.1 Tokyo Marine Company Information
3.4.2 Tokyo Marine Commercial Auto Insurance Product Portfolio, Specification and Application
3.4.3 Tokyo Marine Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.4.4 Tokyo Marine Key Development
3.5 Sompo Japan
3.5.1 Sompo Japan Company Information
3.5.2 Sompo Japan Commercial Auto Insurance Product Portfolio, Specification and Application
3.5.3 Sompo Japan Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.5.4 Sompo Japan Key Development
3.6 Progressive Corporation
3.6.1 Progressive Corporation Company Information
3.6.2 Progressive Corporation Commercial Auto Insurance Product Portfolio, Specification and Application
3.6.3 Progressive Corporation Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.6.4 Progressive Corporation Key Development
3.7 Ping An
3.7.1 Ping An Company Information
3.7.2 Ping An Commercial Auto Insurance Product Portfolio, Specification and Application
3.7.3 Ping An Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.7.4 Progressive Corporation Key Development
3.9 Nationwide
3.9.1 Nationwide Company Information
3.9.2 Nationwide Commercial Auto Insurance Product Portfolio, Specification and Application
3.9.3 Nationwide Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.9.4 Nationwide Key Development
3.8 Old Republic International
3.8.1 Old Republic International Company Information
3.8.2 Old Republic International Commercial Auto Insurance Product Portfolio, Specification and Application
3.8.3 Old Republic International Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.8.4 Old Republic International Key Development
3.11 MAPFRE
3.11.1 MAPFRE Company Information
3.11.2 MAPFRE Commercial Auto Insurance Product Portfolio, Specification and Application
3.11.3 MAPFRE Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.11.4 MAPFRE Key Development
3.12 Liberty Mutual Group
3.12.1 Liberty Mutual Group Company Information
3.12.2 Liberty Mutual Group Commercial Auto Insurance Product Portfolio, Specification and Application
3.12.3 Liberty Mutual Group Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.12.4 Liberty Mutual Group Key Development
3.13 Generali Group
3.13.1 Generali Group Company Information
3.13.2 Generali Group Commercial Auto Insurance Product Portfolio, Specification and Application
3.13.3 Generali Group Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.13.4 Generali Group Key Development
3.14 CPIC
3.14.1 CPIC Company Information
3.14.2 CPIC Commercial Auto Insurance Product Portfolio, Specification and Application
3.14.3 CPIC Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.14.4 CPIC Key Development
3.15 Chubb
3.15.1 Chubb Company Information
3.15.2 Chubb Commercial Auto Insurance Product Portfolio, Specification and Application
3.15.3 Chubb Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
3.15.4 Chubb Key Development
3.17 AXA
3.18 Aviva
3.19 Auto Owners Grp.
3.20 AmTrust NGH
13 Global Commercial Auto Insurance Market Forecast by Region by Type and by Application
13.1 Global Commercial Auto Insurance Revenue Forecast 2022-2027
13.2 Global Commercial Auto Insurance Forecast by Regions
13.3 Global Commercial Auto Insurance Forecast by Type
13.4 Global Commercial Auto Insurance Forecast by Application
14 Analyst Views and Conclusions
15 Methodology and Data Source
15.1 Methodology
15.2 Research Data Source
15.2.1 Secondary Data
15.2.2 Primary Data
15.2.3 Market Size Estimation
15.3 Legal Disclaimer
List of Tables
Table 1: Global Commercial Auto Insurance Production Specifications
Table 2: Drivers in Commercial Auto Insurance Market
Table 3: Restraints Commercial Auto Insurance Market
Table 4: Opportunity in Commercial Auto Insurance Market
Table 5: Comparion of Alternative and Commercial Auto Insurance
Table 6: Commercial Auto Insurance Raw Materials Key Suppliers List
Table 7: Commercial Auto Insurance Distributors List
Table 8: Commercial Auto Insurance Major Buyers in Application One
Table 9: Commercial Auto Insurance Major Buyers in Application Two
Table 10: Commercial Auto Insurance Major Buyers in Application Three
Table 11: Global Commercial Auto Insurance Revenue (Million USD) by Type 2016-2021
Table 12: Global Commercial Auto Insurance Revenue Market Share by Type 2016-2021
Table 18: Global Commercial Auto Insurance Revenue (Million USD) by Application 2016-2021
Table 19: Global Commercial Auto Insurance Revenue Market Share by Application 2016-2021
Table 20: Global Commercial Auto Insurance Revenue (Million USD) by Region 2016-2021
Table 21: Global Commercial Auto Insurance Revenue Market Share by Region 2016-2021
Table 22: North America Commercial Auto Insurance Revenue (Million USD) by Country 2016-2021
Table 23: North America Commercial Auto Insurance Revenue Market Share by Country 2016-2021)
Table 24: Europe Commercial Auto Insurance Revenue (Million USD) by Country 2016-2021
Table 25: Europe Commercial Auto Insurance Revenue Market Share by Country 2016-2021)
Table 26: Asia Pacific Commercial Auto Insurance Revenue (Million USD) by Country 2016-2021
Table 27: Asia Pacific Commercial Auto Insurance Revenue Market Share by Country 2016-2021)
Table 28: South America Commercial Auto Insurance Revenue (Million USD) by Country 2016-2021
Table 29: South America Commercial Auto Insurance Revenue Market Share by Country 2016-2021)
Table 30: Middle East and Africa Commercial Auto Insurance Revenue (Million USD) by Country 2016-2021
Table 31: Middle East and Africa Commercial Auto Insurance Revenue Market Share by Country 2016-2021)
Table 32 PICC Company Information
Table 33 PICC Commercial Auto Insurance Product Portfolio, Specification and Application
Table 34 PICC Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 35 Zurich Company Information
Table 36 Zurich Commercial Auto Insurance Product Portfolio, Specification and Application
Table 37 Zurich Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 38 Travelers Group Company Information
Table 39 Travelers Group Commercial Auto Insurance Product Portfolio, Specification and Application
Table 40 Travelers Group Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 41 Tokyo Marine Company Information
Table 42 Tokyo Marine Commercial Auto Insurance Product Portfolio, Specification and Application
Table 43 Tokyo Marine Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 44 Sompo Japan Company Information
Table 45 Sompo Japan Commercial Auto Insurance Product Portfolio, Specification and Application
Table 46 Sompo Japan Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 47 Progressive Corporation Company Information
Table 48 Progressive Corporation Commercial Auto Insurance Product Portfolio, Specification and Application
Table 49 Progressive Corporation Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 50 Ping An Company Information
Table 51 Ping An Commercial Auto Insurance Product Portfolio, Specification and Application
Table 52 Ping An Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 53 Old Republic International Company Information
Table 54 Old Republic International Commercial Auto Insurance Product Portfolio, Specification and Application
Table 55 Old Republic International Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 56 Nationwide Company Information
Table 57 Nationwide Commercial Auto Insurance Product Portfolio, Specification and Application
Table 58 Nationwide Commercial Auto Insurance Revenue and Gross Margin (2019-2021)
Table 59: Global Commercial Auto Insurance Revenue (Million USD) Forecast by Region (2022-2027)
Table 60: Global Commercial Auto Insurance Revenue Market Share Forecast by Region (2022-2027)
Table 61: Global Commercial Auto Insurance Revenue (Million USD) Forecast by Type (2022-2027)
Table 62: Global Commercial Auto Insurance Revenue Market Share Forecast by Type (2022-2027)
Table 63: Global Commercial Auto Insurance Revenue (Million USD) Forecast by Application (2022-2027)
Table 64: Global Commercial Auto Insurance Revenue Market Share Forecast by Application (2022-2027)
Tables and Figures
List of Figures
Figure 1: Commercial Auto Insurance Picture
Figure 2: Global Commercial Auto Insurance Market Size (Million USD) and Growth Rate (2016-2027)
Figure 3: Porter's Five Forces Analysis
Figure 4: Commercial Auto Insurance Industry Life Cycle
Figure 5: Product Picture of Liability Insurance
Figure 6: Product Picture of Physical Damage Insurance
Figure 9: Global Commercial Auto Insurance Revenue Market Share by Type, 2020
Reason to Buy
- Current and future of Service & Software Market outlook in the developed and emerging markets
- Highlights key business priorities in order to assist companies to realign their business strategies
- The segment that is expected to dominate the Service & Software Market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, Service & Software Market shares, and strategies employed by the major market players
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Service & Software Market
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets