Global Two-Wheeler Or Motorcycles Insurance Market

Global Two-Wheeler/Motorcycles Insurance Market Overview

• The Global Two-Wheeler/Motorcycles Insurance Market Size is Anticipated to Grow from USD 49.28 Billion in 2023 to USD 75.25 Billion by 2033, Growing at a CAGR of 4.32% from 2023 to 2033.
• The market growth is rising due to the mandatory insurance requirements and increased repair cost of vehicles.
• There is a growing digital approach toward sale & services as well as customized insurance policies as per the needs of customers.
• The two-wheeler/motorcycles insurance market refers to the industry that provides financial protection to motorcycle and scooter owners against various risks such as accidents, theft, natural disasters, and third-party liabilities. The increasing cases of road accidents and awareness about these insurance products are aids in driving the market growth.

Major vendors in the Global Two-Wheeler/Motorcycles Insurance Market 

Bajaj Allianz General Insurance, GEICO, ACKO, Tata AIG, Allstate Insurance Company, Farmers Insurance, Dairyland, Aviva, Global Insurance, and others.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the two-wheeler/motorcycles insurance market based on the below-mentioned segments:

Global Two-Wheeler/Motorcycles Insurance Market, By Policy Type

• Third Party
• Comprehensive Motor Insurance
• Others

Global Two-Wheeler/Motorcycles Insurance Market, By Distribution Channel

• Online
• Offline 

Global Two-Wheeler/Motorcycles Insurance Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa