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Austria Car Insurance Market Research Report by Product (Third-Party Liability Insurance, Comprehensive Coverage, Partial Coverage, Extended Warranty Coverage, Gap Insurance, Smart Insurance, Car Key Insurance, Roadside Assistance Cover, and Others), Vehi

Publisher Market Research Future
Published Jan 14, 2025
Length 114 Pages
SKU # RESFT19636321

Description

The car insurance market in Austria is unique due to the combination of growth factors and restrictions. The market is being stimulated by the increasing prevalence of car ownership, the advancement of automotive safety features, and the increasing popularity of electric vehicles (EVs). The increased interest in procuring more specific insurance products and searching for new approaches to insurance services is the result of these factors. The growth of the market is also fueled by the increasing population and the corresponding increase in car rental and leasing services, which is a result of tourism. This is reflected in the substantial number of insured vehicles.

Conversely, the marketplace faces substantial obstacles, including the subsequent ones. The impact of high insurance costs on the target consumers and proprietors of high-risk vehicles, such as high-tech or luxury vehicles, is a significant challenge. The demand for comprehensive car insurance policies is diminished as a result of the reduction in the number of young individuals and the increase in the number of elderly individuals, as well as the decrease in the number of individuals learning to drive. Furthermore, the demand for car insurance is diminished by the implementation of the public transportation system, car-sharing, and vehicle-free lifestyle. The insurance industry is impeded in its ability to offer innovative products to consumers as a result of the rigorous regulatory measures, which result in high operational costs.

The Austrian CAR INSURANCE market has experienced growth in recent years, as indicated by MRFR. By 2032, it is anticipated to reach USD 3,121.4 million, with a compound annual growth rate (CAGR) of 3.88% over the 2024–2032 forecast span.

Market Segmentation
According to product, the Austrian CAR INSURANCE market is divided into the following categories: Third-Party Liability Insurance, Comprehensive Coverage, Partial Coverage, Extended Warranty Coverage, Gap Insurance, Smart Insurance, Car Key Insurance, Roadside Assistance Cover, and Others. In 2023, Third-Party Liability Insurance held the largest market share by product, with a market value of USD 988.2 Mn. This figure is expected to increase at a compound annual growth rate (CAGR) of 4.62% throughout the forecast period.
Third-Party Liability Insurance, Comprehensive Coverage, Partial Coverage, Extended Warranty Coverage, Gap Insurance, Smart Insurance, Car Key Insurance, Roadside Assistance Cover, and Others are the market segments based on vehicle category.
The market is divided into the following categories: Hatchback, Sedan, SUV, Crossover, Coupe, Wagon, and Others.
Depending on the age of the vehicle, Austria Car Insurance is divided into four categories: Less than 2 years, 2 to 5 years, 5 to 10 years, and 10 to 20 years.
The market is segmented into Personal and Commercial based on Application.
The market is segmented into Direct Response, Agents/Brokers, and Banks based on the Distribution Channel.

Major Players
Allianz Group, Assicurazioni Generali S. p. A., DONAU Versicherung AG Vienna Insurance Group, Allstate Insurance, Zurich Insurance Group, VAV Versicherungs-Aktiengesellschaft, Helvetia Insurance Switzerland, HDI Global SE, MUKI Mutual Insurance Company, and ERGO Versicherung are the primary players in the Austria Car Insurance market.

Table of Contents

114 Pages
1 Executive Summary
2 Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.3 Research Objective
2.4 Market Structure
3 Research Methodology
3.1 Overview
3.2 Data Flow
3.2.1 Data Mining Process
3.3 Purchased Database:
3.4 Secondary Sources:
3.4.1 Secondary Research Data Flow:
3.5 Primary Research:
3.5.1 Primary Research Data Flow:
3.5.2 Primary Research: Number Of Interviews Conducted
3.6 Approaches For Market Size Estimation:
3.6.1 Consumption & Net Trade Approach
3.6.2 Revenue Analysis Approach
3.7 Data Forecasting
3.7.1 Data Forecasting Technique
3.8 Data Modeling
3.8.1 Microeconomic Factor Analysis:
3.8.2 Data Modeling:
3.9 Teams And Analyst Contribution
4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Increasing Car Accidents Fueling Demand For Car Insurance In Austria
4.2.2 Increasing Urbanization And Dense Traffic Conditions
4.2.3 Increasing Tourism And Rental Car Usage
4.3 Restraint
4.3.1 Increased Popularity Of Public Transportation And Car-free Lifestyles
4.3.2 Aging Population And Decline In New Drivers
4.3.3 Stringent Regulatory Requirements And Compliance Costs
4.4 Opportunity
4.4.1 Autonomous Vehicles
4.4.2 Connected Cars
4.4.3 Ridesharing
4.5 Covid-19 Impact Analysis
4.5.1 Economic Impact
4.5.2 Impact On Overall Automotive
4.5.3 Impact On Car Insurance Market
4.5.4 Y-o-y Growth Analysis
4.6 Technology, Market, And Customer Trends
4.6.1 A Trend Towards The Usage-based Insurance
4.6.2 Artificial Intelligence (Ai) And Blockchain Technology
4.6.3 The Growing Popularity Of Evs
4.6.4 Personalized Pricing
4.6.5 Value-added Services
5 Market Factor Analysis
5.1 Value Chain Analysis
5.1.1 Insurance Provider
5.1.2 Independent Agents
5.1.3 Car Dealer
5.1.4 After-sales Services
5.1.5 End-user
5.2 Porter's Five Forces Model
5.2.1 The Threat Of New Entrants
5.2.2 Bargaining Power Of Suppliers
5.2.3 Threat Of Substitutes
5.2.4 Bargaining Power Of Buyers
5.2.5 Intensity Of Rivalry
5.3 Market Swot Analysis
5.4 Market Pestel Analysis
5.5 Regulatory Outlook
5.6 Regulated & Non-regulated Products
5.7 Mandatory Insurance
5.8 Insurance Awareness & Perception.
5.9 Market Attractiveness Analysis
5.10 Pricing Trends Analysis
5.11 Key Buying Criteria Analysis
5.12 Market-specific Behaviors Analysis
5.12.1 Cultural Differences
5.12.2 Economic Conditions
5.12.3 Technological Advancements
5.12.4 Regulatory Environment
5.12.5 Competitive Landscape
5.13 List Of Partnerships Between Car Dealers And Insurance Companies
5.14 Sales Of Car Insurance Via Dealers
6 Austria Car Insurance Market, By Product
6.1 Overview
6.2 Third-party Liability Insurance
6.3 Comprehensive Coverage
6.4 Partial Coverage
6.5 Extended Warranty Coverage
6.6 Gap Insurance
6.7 Smart Insurance
6.8 Car Key Insurance
6.9 Roadside Assistance Cover
6.10 Others
7 Austria Car Insurance Market, By Car Body Type
7.1 Introduction
7.2 Hatchback
7.3 Sedan
7.4 Suv
7.5 Crossover
7.6 Coupe
7.7 Wagon
7.8 Others
8 Austria Car Insurance Market, By Vehicle Category
8.1 Overview
8.2 Electric Vehicles
8.3 Ice Vehicles
9 Austria Car Insurance Market, By Vehicle Age
9.1 Overview
9.2 Less Than 2 Years
9.3 From 2 To 5 Years
9.4 From 5 To 10 Years
9.5 From 10 To 20 Years.
10 Austria Car Insurance Market, By Application
10.1 Overview
10.2 Personal
10.3 Commercial
11 Austria Car Insurance Market, By Distribution Channel
11.1 Overview
11.2 Direct Response
11.3 Agents/Brokers
11.4 Banks
12 Competitive Landscape
12.1 Introduction
12.2 Competitor Dashboard
12.3 Company Market Share Analysis, 2023 (Value)
12.4 Public Players Stock Summary
12.5 Comparative Analysis: Key Players Financial
12.6 Key Developments & Growth Strategies
12.6.1 Contract & Agreement
13 Company Profiles
13.1 Allianz Group
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products Offered
13.1.4 Key Developments
13.1.5 Swot Analysis
13.1.6 Key Strategies
13.2 Assicurazioni Generali S.P.A.
13.2.1 Company Overview
13.2.2 Financial Overview
13.2.3 Products Offered
13.2.4 Key Developments
13.2.5 Swot Analysis
13.2.6 Key Strategies
13.3 Donau Versicherung Ag Vienna Insurance Group
13.3.1 Company Overview
13.3.2 Financial Overview
13.3.3 Products Offered
13.3.4 Key Developments
13.3.5 Swot Analysis
13.3.6 Key Strategies
13.4 Allstate Insurance
13.4.1 Company Overview
13.4.2 Financial Overview
13.4.3 Products Offered
13.4.4 Key Developments
13.4.5 Swot Analysis
13.4.6 Key Strategies
13.5 Zurich Insurance Group
13.5.1 Company Overview
13.5.2 Financial Overview
13.5.3 Products Offered
13.5.4 Key Developments
13.5.5 Swot Analysis
13.5.6 Key Strategies
13.6 Vav Versicherungs-aktiengesellschaft
13.6.1 Company Overview
13.6.2 Financial Overview
13.6.3 Products Offered
13.6.4 Key Developments
13.6.5 Key Strategies
13.7 Helvetia Insurance Group
13.7.1 Company Overview
13.7.2 Financial Overview
13.7.3 Products Offered
13.7.4 Key Developments
13.7.5 Swot Analysis
13.7.6 Key Strategies
13.8 Hdi Global Se
13.8.1 Company Overview
13.8.2 Financial Overview
13.8.3 Products Offered
13.8.4 Key Developments
13.8.5 Swot Analysis
13.8.6 Key Strategies
13.9 Muki Mutual Insurance Company
13.9.1 Company Overview
13.9.2 Financial Overview
13.9.3 Products Offered
13.9.4 Key Developments
13.9.5 Swot Analysis
13.9.6 Key Strategies
13.10 Ergo Versicherung Ag.
13.10.1 Company Overview
13.10.2 Financial Overview
13.10.3 Products Offered
13.10.4 Key Developments
13.10.5 Swot Analysis
13.10.6 Key Strategies
List Of Tables
Table 1 Messages From The Management:
Table 2 Qfd Modeling For Market Share Assessment
Table 3 List Of Car Dealer
Table 4 Sales Of Car Insurance Via Dealers (Usd Million)
Table 5 Sales Of Car Insurance Via Dealers (Usd Million)
Table 6 Austria Car Insurance Market, By Product, 2019-2032 (Usd Million)
Table 7 Austria Car Insurance Market, By Car Body Type, 2019-2032 (Usd Million)
Table 8 Austria Car Insurance Market, By Vehicle Category, 2019-2032 (Usd Million)
Table 9 Austria Car Insurance Market, By Vehicle Age, 2019-2032 (Usd Million)
Table 10 Austria Car Insurance Market, By Application, 2019-2032 (Usd Million)
Table 11 Austria Car Insurance Market, By Distribution Channel, 2019-2032 (Usd Million)
Table 12 Public Players Stock Summary
Table 13 Comparative Analysis: Key Players Finanical
Table 14 Contract & Agreement
Table 15 Allianz Group: Products/ Solutions/ Services Offered
Table 16 Assicurazioni Generali S.P.A.: Products/ Solutions/ Services Offered
Table 17 Assicurazioni Generali S.P.A.: Key Developments
Table 18 Donau Versicherung Ag Vienna Insurance Group: Products/ Solutions/ Services Offered
Table 19 Allstate Insurance.: Products/ Solutions/ Services Offered
Table 20 Zurich Insurance Group.: Products/ Solutions/ Services Offered
Table 21 Vav Versicherungs-aktiengesellschaft.: Products/ Solutions/ Services Offered
Table 22 Helvetia Insurance Group.: Products/ Solutions/ Services Offered
Table 23 Hdi Global Se.: Products/ Solutions/ Services Offered
Table 24 Muki Mutual Insurance Company.: Products/ Solutions/ Services Offered
Table 25 Ergo Versicherung Ag.: Products/ Solutions/ Services Offered
List Of Figures
Figure 1 Austria Car Insurance Market: Structure
Figure 2 Astria Car Insurance Market: Market Growth Factor Analysis (2019-2032)
Figure 3 Driver Impact Analysis (2022-2032)
Figure 4 Restraint Impact Analysis (2022-2032)
Figure 5 Value Chain: Austria Car Insurance Market
Figure 6 Porter's Five Forces Analysis Of The Austria Car Insurance Market
Figure 7 Car Insurances: Swot Analysis
Figure 8 Market Attractiveness Analyssi For Product
Figure 9 Market Attractiveness Analyssi For Car Body Type
Figure 10 Market Attractiveness Analysis For Vehicle Category
Figure 11 Market Attractiveness Analysis For Vehicle Age
Figure 12 Market Attractiveness Analysis For Application
Figure 13 Market Attractiveness Analysis For Distribution Channel
Figure 14 Austria Car Insurance Market, By Product, 2023 (% Share)
Figure 15 Austria Car Insurance Market, By Product, 2023 Vs 2032
Figure 16 Austria Car Insurance Market, By Car Body Type, 2023 (% Share)
Figure 17 Austria Car Insurance Market, By Car Body Type, 2023 Vs 2032
Figure 18 Austria Car Insurance Market, By Vehicle Category, 2023 (% Share)
Figure 19 Austria Car Insurance Market, By Vehicle Category, 2023 Vs 2032
Figure 20 Austria Car Insurance Market, By Vehicle Age, 2023 (% Share)
Figure 21 Austria Car Insurance Market, By Vehicle Age, 2023 Vs 2032
Figure 22 Austria Car Insurance Market, By Application, 2023 (% Share)
Figure 23 Austria Car Insurance Market, By Application, 2023 Vs 2032
Figure 24 Austria Car Insurance Market, By Distribution Channel, 2023 (% Share)
Figure 25 Austria Car Insurance Market, By Distribution Channel, 2023 Vs 2032
Figure 26 Competitor Dashboard: Car Insurance Market
Figure 27 Car Insurance Market Players: Competitive Analsis, 2023 (Usd Million) (% Share)
Figure 28 Allianz Group.: Financial Overview Snapshot
Figure 29 Allianz Group.: Swot Analysis
Figure 30 Assicurazioni Generali S.P.A.: Financial Overview Snapshot
Figure 31 Assicurazioni Generali S.P.A..: Swot Analysis
Figure 32 Donau Versicherung Ag Vienna Insurance Group.: Financial Overview Snapshot
Figure 33 Donau Versicherung Ag Vienna Insurance Group: Swot Analysis
Figure 34 Allstate Insurance.: Financial Overview Snapshot
Figure 35 Allstate Insurance.: Swot Analysis
Figure 36 Zurich Insurance Group.: Financial Overview Snapshot
Figure 37 Zurich Insurance Group.: Swot Analysis
Figure 38 Helvetia Insurance Group.: Financial Overview Snapshot
Figure 39 Helvetia Insurance Group.: Swot Analysis
Figure 40 Hdi Global Se.(Talanx Ag): Financial Overview Snapshot
Figure 41 Hdi Global Se.: Swot Analysis
Figure 42 Muki Mutual Insurance Company.: Swot Analysis
Figure 43 Ergo Versicherung Ag.: Swot Analysis

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