Motorcycle Insurance in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Motorcycle Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | Sep 2015

Riding high: The industry benefits from an increase in motorcycle numbers

The Motorcycle Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Insurance Australia Group Insurance Australia Group market share
QBE Insurance Group QBE Insurance Group market share
Suncorp Group Suncorp Group market share
Industry Statistics & Market Size
Annual Growth 11-16
Annual Growth 16-21
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Industry Analysis & Industry Trends

Despite the uncertain economic climate, the Motorcycle Insurance industry has been growing at a strong pace over the past five years. Consumers have taken up motorcycles as the rising world price of crude oil has made the upkeep of cars more expensive. More people have been adopting motorcycles as their main form of transport, which has contributed to the strong growth of the industry over the past five years. This trend has been most significant in the eastern seaboard capital cities, which have larger populations and more traffic congestion. These conditions have prompted consumers to purchase motorcycles for increased manoeuvrability and ease of parking.

Large insurance companies have capitalised on the growing number of motorcycles... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Motorcycle Insurance industry is currently in the mature stage of its life cycle. Industry value added, which measures the industry’s contribution to the economy, is forecast to grow at an annualised 0.5% over the 10 years through 2020-21. This represents an underperformance of overall GDP, which is projected to rise at an annualised 2.8% over the same period. This indicates the industry’s contribution to the economy is declining. Despite the number of motorcyclists increasing and demand for insurance products growing, competition is also rising, pushing the industry into a mature phase. However, developments in online and mobile platforms are generating growth as many large insurers partner with websites to issue insurance... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Motorcycle Insurance Industry?

This industry underwrites (i.e. assuming the risk and assigning premiums) 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
Comprehensive insuranceThird-party insuranceCompulsory third-party insurance
Industry Activities
Underwriting comprehensive motorcycle insuranceUnderwriting compulsory third-party motorcycle insuranceUnderwriting third-party motorcycle insuranceUnderwriting comprehensive motorcycle insuranceUnderwriting compulsory third-party motorcycle insuranceUnderwriting third-party motorcycle insurance

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