According to the study, Adoption of Third-party Liability Insurance by Most of the Rented Car Drivers Due to Low Cost is one of the primary growth factors for the market. Implementation of Regulations By Government Bodies of Various Countries for Compulsion of Vehicle Insurance
is also expected to contribute significantly to the Short Term Car Insurance market. Overall, applications of Short Term Car Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Bajaj Allianz (India), Reliance General Insurance (India), GEICO (United States), USAA (United States), Oriental Insurance (India), Progressive Corporation (United States), Zurich Insurance Group (Switzerland), Allstate (United States) and Momentum (South Africa) pushing strong cash flow in Market which is also a key in driving revenue growth.
AMAs Analyst on the Global Short Term Car Insurance market identified that the demand is rising in many different parts of the world as "High Adoption of Rented Cars for Travelling in Other States". One of the challenges that industry facing is "The Evolution of Autonomous Cars May Hamper the Revenue of Insurers"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Short Term Car Insurance market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Short Term Car Insurance market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Short Term Car Insurance market tight? Which application/end-user category or Product Type [Gap Insurance, Rental Car Insurance and Non-owners Insurance] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Short Term Car Insurance market and other related sub-markets covered in the study.
o Key & emerging players in the Short Term Car Insurance market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Short Term Car Insurance market size is calculated using market estimation process, the Short Term Car Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Short Term Car Insurance market size has been validated using both top-down and bottom-up approaches.