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Commercial Motor Vehicle Insurance in Australia - Industry Market Research Report

Publisher IBISWorld
Published Sep 16, 2024
Length 77 Pages
SKU # IBSS19342637

Description

Commercial Motor Vehicle Insurance in Australia - Industry Market Research Report


Commercial Motor Vehicle Insurance in Australia

Solid revenue growth from premiums and rebounding investment returns have supported the Commercial Motor Vehicle Insurance industry's growth. The COVID-19 pandemic stifled investment returns in 2019-20. Returns have since rallied thanks to equities recovering. While the industry derives most of its revenue from insurance premiums, many insurers generate investment income to bolster their profit margins. As a result, revenue fluctuates more than the underlying demand for commercial motor vehicle insurance. Overall, industry revenue is expected to grow at an annualised 4.9% over the five years through 2022-23, including a 4.0% jump in the current year to $3.7 billion.

Industry firms provide insurance for vehicles used for business purposes. These include vehicles like trucks, vans, trailers, ambulances and buses. The industry also provides coverage for motor fleets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

77 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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