Press release
Scooter Insurance Market Growth and Prospects for Technological Advancement 2022 to 2030 with Top Players are State Farm, Groupama, AXA, GEICO
"The Global Motorcycle Insurance Market is projected to be valued at approximately USD 92,876.90 Million by 2030, with 4.7% CAGR during the forecast period, 2023-2030."
Overview:
The scooter insurance market refers to the insurance policies that cover motorized scooters, including electric scooters, mopeds, and other two-wheeled vehicles with small engines. With the increasing popularity of electric scooters and the growth of micromobility solutions in urban areas, the demand for scooter insurance has been on the rise.
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Some of the Scooter Insurance Top companies influencing this Market include: State Farm, Groupama, AXA, GEICO, Allstate, Generali, Progressive, Zurich, Liberty Mutual, Allianz, Aviva, American Family, iA Financial Group, PICC and others.
Market Segmentation: By Type
Third Party Insurance
Third Party, Fire and Theft Insurance
Comprehensive Insurance
Market Segmentation: By Application
Individual
Commercial
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Trends:
Micromobility Growth: The rise of micromobility solutions, such as shared electric scooters, has led to an increased need for insurance coverage for these vehicles. As scooter-sharing programs and services expand to more cities, the demand for specialized insurance policies tailored to scooters has grown.
Regulatory Changes: Some regions and countries have introduced or updated regulations regarding the insurance requirements for scooters. For example, certain municipalities may mandate insurance coverage for scooter riders, which can lead to an increased demand for scooter insurance policies.
Customized Insurance Solutions: Insurance providers are adapting to the specific needs of scooter owners and operators. This includes offering flexible coverage options, such as pay-as-you-go policies or on-demand insurance, to cater to the sporadic usage patterns of electric scooters.
Regional Analysis
The Middle East & Africa (MEA), Asia Pacific (APAC), Europe, North America, and Latin America are studied for the Scooter Insurance market in the years to come. APAC market can hold global foothold in the near future as it is expected to have several growth scopes. North America can hold decent share of the worldwide market. The presence of several manufacturing hub for products can attract several growth opportunities. As global leaders are observed to perform well and rapid urbanization can favor expansion of the market in near future. Europe market can rise due to increase in the number of high brands. The rise in popularity of different type of products and drive the market rise in the region. The rise in demand for Scooter Insurance in ever-growing sector to promote North America market through the solution period.
Major Takeaways from the report:
1. Accurate market size and forecast information to help you understand the key market opportunity.
2. Comprehensive analysis of dominant and pure-play competitors.
3. Market forecasting for Scooter Insurance in both developed and developing countries.
4. A thorough market study concentrating on the market's current state of development.
5. Factors impacting the market's growth
6. Major insights into key industry segments
7. Recent market trend analysis impacting client purchasing behavior.
Table of Contents
Global Scooter Insurance Market Research Report 2023- 2030
Chapter 1 Scooter Insurance Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Scooter Insurance Market Forecast
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