市場調査レポート
商品コード
1223375
自動車保証(GAP)保険の世界市場:タイプ別、用途別、流通チャネル別-地域別展望、競合戦略、セグメント予測(~2032年)Guaranteed Auto Protection (GAP) Insurance Market Size- By Type, By Application, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2032 |
自動車保証(GAP)保険の世界市場:タイプ別、用途別、流通チャネル別-地域別展望、競合戦略、セグメント予測(~2032年) |
出版日: 2023年02月06日
発行: SPER Market Research Pvt. Ltd.
ページ情報: 英文 254 Pages
納期: 即日から翌営業日
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世界の自動車保証(GAP)保険の市場規模は、2032年まで10.13%で成長し、92億5,000万米ドルに達すると予想されています。車両所有者や自動車商からの盗難請求の深刻化は、市場の拡大を促進すると予想されます。しかし、自動車保証(GAP)保険のメリットに関する知識の不足、新規契約数の減少、激しい競争は、市場の成長を抑制しています。
当レポートでは、世界の自動車保証(GAP)保険市場について調査分析し、市場力学、市場分析、企業プロファイルなど、体系的な情報を提供しています。
Global GAP Insurance Market Overview
According to SPER Market Research, the Global GAP Insurance Market is estimated to reach USD 9.25 billion by 2032 with a CAGR of 10.13%.
The Guaranteed Auto Protection (GAP) insurance covers the difference between the car's actual cash value and the existing loan balance, protecting the borrower in the event that the vehicle is written off. The most popular types of vehicles for which GAP coverage is used are small cars, lorries, and big trucks. Owners and buyers are being compelled to purchase GAP insurance add-on plans due to a rising need for protection against borrowers' unplanned losses among self-financing organisations and car leasing companies. The market for GAP insurance is also expected to grow as theft claims for fleet owners and motor merchants become more serious. But the lack of knowledge about the benefits of guaranteed GAP insurance, a reduction in the number of new policies sold, and intense competition all limit the market's growth.
The adoption of comprehensive insurance along with the addition of GAP insurance, on the other hand, is projected to propel the expansion of the GAP insurance market in the future years. Gap insurance comes in if your automobile is totalled beyond repair and the depreciated value is less than what you still owe on the loan, in which case your claim pay out might not cover the difference. The Guaranteed Asset Protection (GAP) endorsement makes up the shortfall between the loan balance and the depreciated value of the vehicle. Drivers are often given the option of purchasing gap insurance. However, in other countries, gap insurance is typically offered by car dealerships at the time of purchase. The majority of auto insurance firms offer this coverage to consumers. If the car is sold or refinanced before the loan term is over, the buyer of GAP insurance is typically entitled to a refund of the unused portion of the payment.
Impact of COVID-19 on the Global GAP Insurance Market
Numerous global businesses have experienced significant commercial disruptions as a result of COVID-19. The sale of automobiles has decreased significantly as a result of severe lockout regulations in many countries, and the epidemic has affected the market for auto insurance. Additionally, a decline in new policy sales has forced a number of car dealers to temporarily halt their market activities. Additionally, many gap insurance companies declared that they will implement digitization in their operations to maintain effective client contact. During the current global health crisis, this issue has contributed to the market expansion for GAP insurance.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2032
Base year considered 2021
Forecast period 2022-2032
Segments covered By Type, By Application, By Distribution Channel.
Regions covered Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
Companies Covered Admiral Group PLC, Allianz, Allstate Insurance Company, American Family Insurance, Aviva, AXA, Berkshire Hathaway Inc., Chubb, Direct Gap, Kemper Corporation, Liberty Mutual Insurance Company, Majesco, Nationwide Mutual Insurance Company, Progressive Casualty Insurance Company, State Farm Mutual Automobile Insurance Company, The Travelers Idemnity Company, Zurich.
Global GAP Insurance Market Segmentation:
By Type: Based on the Type, Global GAP Insurance Market is segmented as; Return-to-Invoice GAP Insurance, Finance GAP Insurance, Vehicle Replacement GAP Insurance, Return-to-Value GAP Insurance, Others.
By Application: Based on the Application, Global GAP Insurance Market is segmented as; Passenger Vehicle, Commercial Vehicle.
By Distribution Channel: Based on the Distribution Channel, Global GAP Insurance Market is segmented as; Agents & Brokers, Direct Response, Others.
By Region: According to the forecast for the GAP insurance industry, Asia-Pacific would increase at the quickest rate. This is explained by the fact that the majority of vehicles used for business purposes in the Asia-Pacific region strictly require a commercial auto insurance, which also leads to the purchase of GAP insurance to prevent loss of value. As a result, this is a major driving factor for the market.