Global Two Wheeler Insurance Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating an estimated revenue of US$ XXXX over the forecast period. According to latest study conducted by our analysts and industry experts, the global bike insurance market is expected to grow at a CAGR of XX.XX% during the forecast period, i.e. 2017-2025. The craze of two wheelers/bikes has increased in the recent years after witnessing a market downfall for a while, due to introduction of innovative models by new entrants as well as established two-wheeler manufacturers. Insurance of two wheelers have become crucially important due to several reasons.

Global Two Wheeler Insurance Market Growth Opportunities (Revenue, Growth) By 2017-2025

Market Dynamics

Two Wheeler Insurance Market is expected to grow at a significant pace during the forecast period, owing to rise in two-wheeler sales across the globe, due to production and commercialization of luxurious and technically advanced bikes such as ABS bikes. Higher financial security coverage offered by major players in the bike insurance market is another prominent reason that can boost the growth of bike insurance market in the upcoming years. Furthermore, compulsion on bike insurance in many countries is another reason which will promote the growth of two wheeler insurance market during the forecast period. Presence of lucrative two wheeler insurance plans in the global market is anticipated to drive the growth of the market in upcoming years. However, anticipated sales decrease in old model bikes, coupled with growing market of second hand two wheelers or bikes can restrain the growth of two wheeler insurance market during the forecast period.

Segment Analysis 

Comprehensive insurance policy segment is anticipated to grow at a significant pace during the forecast period, owing to higher coverage offered by the segment. Comprehensive insurance policy provides coverage to both third-part as well as the policyholder in case of accidents or bodily injuries. It also covers the damage of both the vehicles that have been accounted for damage during an accident, hence it is most preferable type of two wheeler insurance policy. Comprehensive insurance policy demands payment of a reasonable amount than third party insurance and provides higher coverage, hence it is anticipated to grow rapidly during the forecast period.

Online insurance is projected to be the rapidly growing segment, due to ease and convenience offered by online insurance procedure. Less time consuming process of online two wheeler insurance is also expected to boost the growth of the segment in the upcoming years.

Regional Analysis of Two Wheeler/Bike Insurance Market

North America is anticipated to hold the major market share in the global two wheeler insurance market, owing to a well-established automobile sector in the region, coupled with introduction of new bike models by the prominent players of the region. Compulsion on having bike insurance after the purchasing a bike is another reason which is boosting the growth of two wheeler insurance market in North America. Europe is expected to the major market share in the global two wheeler market during the forecast period, due to presence of countries such as Germany and France, which are the two prominent countries in two wheeler insurance services.

Global Two Wheeler/Bike Insurance Market Size, Share Analysis By Region 2017

Asia Pacific is expected to be growing rapidly over the forecast period, owing to rising awareness among people towards the benefits of two wheeler insurance. India two-wheeler insurance policy Market (particularly) is valued a 12% of growth by receiving a premium income of Rs. 105.25 billion during the year, i.e. April 2016 to March 2017. Rise in number of market players in insurance industry in countries such as India and China is also expected to propel the growth of the region in two wheeler/bike insurance market. Middle East and Africa market gaining attraction of the investment for the companies for more scope in the regions and expected to rise healthy growth over the forecast period.

Global Two Wheeler Insurance Market Study Objective

1. To forecast the market size of two wheeler insurance market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of two wheeler insurance market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of two wheeler insurance market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of two wheeler insurance market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the two wheeler insurance market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of two wheeler insurance market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of two wheeler insurance market commercially.

Key Players

Major players performing in two wheeler insurance market include Allstate, USAA, Bajaj Allianz General Insurance Company, Safeco, Nationwide, The Oriental Insurance Company Ltd., Dairyland Insurance, Bharti AXA Motor Insurance Company, and Reliance General Insurance Company, Tata Aig, HDFC Ergo, Iffco Tokio, ICICI Lombard Two Wheeler Insurance, SBI General Insurance and Other.

Global Two Wheeler Insurance Market Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.

Why You Should Choose us?
• We offer the best industry research services.
• Our panel of experts has tremendous experience in their respective fields
• We use advanced analytical tools to provide highly personalized industry intelligence research.
• We provide easy-to- use information.
• Qualitative and Quantitative market research
• Market size assessment across various segments
• Potential early warning signals posed by existing market players
• Providing benchmark metrics by comparing an organization across the industry
• Competitive assessment which may impact business and product evaluation
• Insights about government or legal changes that might impact market statistics
• Operational cost optimization strategies