Overview

Revving up: Insurance operators will benefit from more motorcycle registrations and stable demand

IBISWorld’s Motorcycle Insurance market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • More consumers will ride motorcycles to offset high gas prices, aiding demand for insurance
  • More accidents are expected to occur, causing premiums to rise
  • Higher disposable income will lead to more spending on luxury goods, such as motorcycles

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    Industry Analysis & Industry Trends

    Stable demand will characterize the Motorcycle Insurance industry, brought on by improving economic conditions and more motorcycle registrations. Industry operators will benefit from growth in motorcycle riders, as more consumers ride motorcycles to offset high gas prices. Furthermore, the industry's investment income is expected to steadily improve as the economy recovers and interest rates rise...

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    Industry Report - Industry Investment Chapter

    The Motorcycle Insurance industry operates with a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.11 to capital investment. The industry's level of capital intensity has decreased slightly over the five-year period, as the industry allocated $0.12 in capital expenditure per dollar in wages in 2011. Insurance companies require minimal capital investments to continue operating, particularly with respect to their size and the substantial amount of revenue that the industry derives. Information technology is required to track policies, payments and claims, while systems are needed to model insurance risk.

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    Additional Insights for the Motorcycle Insurance Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Motorcycle Insurance Industry are

  • Ability to effectively manage risk
  • Management of high quality assets portfolio
  • Having a cost effective distribution system
  • IBISWorld analysts also discuss how external factors such as Number of motor vehicle registrations and Number of vehicle accidents in the Motorcycle Insurance industry impact industry performance..

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    Industry Products

    What is the Motorcycle Insurance Industry?

    This industry underwrites motorcycle insurance policies. Motorcycle insurance provides financial protection against physical damage to the vehicle and bodily injury resulting from traffic collisions. It can also protect against resulting liability.

    Industry Products
    Liability coverage
    Collision coverage
    Comprehensive coverage
    Industry Activities
    Directly underwriting liability insurance
    Directly underwriting collision insurance
    Directly underwriting comprehensive insurance

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of motor vehicle registrations
  • Number of vehicle accidents
  • Per capita disposable income
  • Yield on 10-year Treasury note
  • S&P 500

  • Current Performance
  • Price and policy volume trends
  • Aging markets
  • Low interest rates harm profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Major company trends
  • Rising interest rates benefit asset returns
  • Table: Motorcycle Insurance Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Motorcycle Insurance Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Insurance Brokers & Agencies
  • Reinsurance Carriers
  • Third-Party Administrators & Insurance Claims Adjusters

  • Products & Services
  • Liability coverage
  • Collision coverage
  • Comprehensive coverage
  • Chart: Motorcycle Insurance Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 40 to 49
  • Consumers aged 50 and older
  • Consumers aged 18 to 24
  • Consumers aged 35 to 39
  • Consumers aged 30 to 34
  • Consumers aged 25 to 29
  • Consumers aged 17 and younger
  • Chart: Major Market Segmentation for the Motorcycle Insurance Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Loss and loss adjustment costs
  • Wages and depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Motorcycle Insurance

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Motorcycle Insurance Industry

  • Industry Globalization
    Major Companies
    State Farm Insurance CompaniesGeicoAllstate Insurance CompanyProgressive Corp.
  • Table: State Farm Insurance Companies - financial performance
  • Table: Geico - financial performance
  • Table: Allstate Insurance Company - financial performance
  • Table: Progressive Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Motorcycle Insurance Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Motorcycle Insurance Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of Motor Vehicle Registrations (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Hard Market
  • A cyclical occurrence in the auto insurance industry when premiums and company profits rise.
  • Loss And Loss Adjustment Costs
  • An insurance company's claims liabilities, or the benefits they pay out to policyholders.
  • Underwriting
  • The process where insurers assess the risks to insure and decide how much to charge for those risks.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Motorcycle Insurance:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Motorcycle Insurance market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Motorcycle Insurance, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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