Industry Analysis & Industry Trends
The Motorcycle Insurance industry has been growing at a strong pace over the past five years. Consumers have taken up motorcycles as high petrol prices over the three years through 2013-14 made the upkeep of cars more expensive. More people have been adopting motorcycles as their main form of transport, which has contributed to the industry's strong growth over the past five years. This trend has been most significant on the east coast of Australia, which has 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 Locations Chapter
Establishments in the industry largely follow the population spread and vehicle registrations. Most businesses are therefore located in New South Wales, Victoria and Queensland. New South Wales is estimated to account for 39.7% of industry establishments. New South Wales' share of revenue is proportionately higher than its share of establishments as the average premium paid by the state's riders is higher than in other states. Victoria and Queensland together account for 41.7% of establishments, while Western Australia and South Australia account for 14.7% of industry establishments. Western Australia has increased its share of industry establishments, following strong growth in its population... purchase to read more