Commercial Motor Vehicle Insurance in Australia - Market Research Report

Commercial Motor Vehicle Insurance industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.6%

Steady growth in revenue from premiums and increases in investment revenue have supported growth for the Commercial Motor Vehicle Insurance industry over the past five years. While the industry derives most of its revenue from insurance premiums, many operators also generate investment income to strengthen their profit margins. As a result, revenue typically fluctuates more than underlying demand for commercial motor vehicle insurance, which tends to exhibit stable growth. Overall, industry revenue is expected to increase at an annualised 1.6% over the five years through 2018-19. This trend includes expected growth of 3.3% in the current year, to $2.5 billion. Demand for road transport has fuelled the need for commercial motor vehicle insurance over...
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Commercial Motor Vehicle Insurance industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

Revenue for the Commercial Motor Vehicle Insurance industry is forecast to increase over the next five years, supported by steadily rising demand and favourable investment returns. While competition among major players will place downward pressure on premiums per risk, cost-saving initiatives should slightly increase profit margins. Australia's reliance on road transport will also benefit the industry, with governments anticipated to increase investment in road infrastructure. This investment will help road transport maintain its competitive advantage and encourage increased use of commercial vehicles. Industry revenue is forecast to rise at an annualised X.X% over the five years through XXX-XX, to $X.X billion. Trading landscape Industry revenue i...
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Commercial Motor Vehicle Insurance industry statistics

  • attach_money Market Size: $3bn
  • business Number of Businesses: 496
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 1,089

Biggest companies in the Commercial Motor Vehicle Insurance industry

The companies holding the largest market share in the Commercial Motor Vehicle Insurance in Australia industry include Insurance Australia Group Limited, Suncorp Group Limited, Allianz Australia Limited and QBE Insurance Group Limited.

  • pie_chart Insurance Australia Group Limited Market Share: x.x%
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  • pie_chart Suncorp Group Limited Market Share: x.x%
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  • pie_chart Allianz Australia Limited Market Share: x.x%
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  • pie_chart QBE Insurance Group Limited Market Share: x.x%
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What is Commercial Motor Vehicle Insurance industry?

Industry Definition

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

Industry Products and Services

  • Commercial motor vehicle insurance
  • Compulsory third-party insurance
  • Public commercial motor vehicle insurance
  • All Others

Industry Activities

  • Underwriting individual commercial motor vehicle insurance
  • Underwriting fleet commercial motor vehicle insurance

Market research report - table of contents

Industry Definition

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

Main Activities

  • Underwriting individual commercial motor vehicle insurance
  • Underwriting fleet commercial motor vehicle insurance

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Road transport operators require commercial motor vehicle insurance to protect their fleets. As demand for road transport industries increases, operators ...
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Demand from road transport
Number of motor vehicles
10-year bond rate
All Ordinaries index

Current Performance

Online avenues
Road safety
 Chart: Revenue Growth

Industry Outlook

Road transport
Added value
 Table: Commercial Motor Vehicle Insurance in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Commercial Motor Vehicle Insurance in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Mining
Road Freight Transport in Australia
Taxi and Limousine Transport in Australia
Passenger Car Rental and Hiring in Australia
Finance in Australia
Transport Equipment and Large Vehicle Rental in Australia

Key Selling Industries

Financial Asset Investing in Australia
Insurance Brokerage in Australia





Products & Services

Revenue generated by the Commercial Motor Vehicle Insurance industry is broken down into compulsory third-party insurance (CTP), insurance provided by pub...
Services firms
Construction, agriculture and mining firms
Rental firms
Health care firms
Manufacturing firms
Other sectors

Demand Determinants

Demand for commercial motor vehicle insurance products is correlated with growth in the number of registered commercial motor vehicles in Australia. All r...
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Major Markets

Services firms
Construction, agriculture and mining firms
Rental firms
Health care firms
Manufacturing firms
Other sectors

 Chart: Major Market Segmentation for the Commercial Motor Vehicle Insurance in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Commercial Motor Vehicle Insurance industry is characterised by a high level of market share concentration. The top four companies are estimated to ac...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Commercial Motor Vehicle Insurance in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Commercial Motor Vehicle Insurance in Australia - Market Research Report Industry

Industry Globalization

Insurance Australia Group (IAG) Limited is one of the largest insurance providers in Australia. The firm was established in 1925 as the National Roads and...
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IAG

 Table: IAG - financial performance

Suncorp Group

 Table: Suncorp Group - financial performance

Allianz Australia

 Table: Allianz Australia - financial performance

QBE Insurance Group

 Table: QBE Insurance Group - financial performance

Capital Intensity

The Commercial Motor Vehicle Insurance industry is characterised by a low level of capital intensity. For every dollar paid as wages in 2018-19, a project...
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 Chart: Level of Capital Intensity for the Commercial Motor Vehicle Insurance in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Commercial Motor Vehicle Insurance in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

CEDING

CTP INSURANCE

FLEET INSURANCE

SUBROGATION

UNDERWRITING

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

Why buy this report on the Commercial Motor Vehicle Insurance industry?

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This report on Commercial Motor Vehicle Insurance in Australia:

  • Provides Market Size information to assist with planning and strategic decisions.
  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
  • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.

The Commercial Motor Vehicle Insurance in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
  • And of course, much more

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