Motorcycle Insurance in Australia - Market Research Report

Motorcycle Insurance industry trends (2014-2019)

poll Average industry growth 2014–2019: 3.9%

The Motorcycle Insurance industry has grown solidly over the past five years. Consumers have increasingly taken up motorcycles as their main form of transport to limit the effect of high petrol prices. This trend has been most significant on the east coast of Australia, where there is a larger population and greater 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. The rise of online businesses has changed the industry by appealing to young riders looking for insurance. Many operators have partnered with authorised insurance retailers to increase their reach in younger markets. Overall...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Motorcycle 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.

The Motorcycle Insurance industry is forecast to continue growing over the next five years. However, rising competition and a slowdown in the number of new motorcycles registered are anticipated to dampen growth over the period. As competition intensifies, insurers are expected to prioritise customer retention and maintaining a strong brand image, as opposed to aggressively expanding to acquire market share. Although registered motorcycle numbers are expected to grow, competition from passenger vehicles will increase as car manufacturers produce increasingly fuel-efficient vehicles and electric cars such as Teslas continue to gain popularity. Overall, industry revenue is forecast to grow at an annualised X.X% over the five years through XXX-XX, to re...
lock
Purchase this report or a membership to unlock our full summary for this industry.

Motorcycle Insurance industry statistics

  • business Number of Businesses: 124
  • poll Average Industry Profit Margin: x.x%
    lock
    Purchase this report or a membership to unlock the average company profit margin for this industry.
  • supervisor_account Industry Employment: 257

Biggest companies in the Motorcycle Insurance industry

The companies holding the largest market share in the Motorcycle Insurance in Australia industry include Suncorp Group Limited, Insurance Australia Group Limited and QBE Insurance Group Limited.

  • pie_chart Suncorp Group Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart Insurance Australia Group Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.
  • pie_chart QBE Insurance Group Limited Market Share: x.x%
    lock
    Purchase this report or a membership to unlock our full summary for this industry.

What is Motorcycle Insurance industry?

Industry Definition

Industry operators underwrite (i.e. assume the risk and assign premiums for) motorcycle insurance policies. Motorcycle insurance provides financial protection against physical damage to the vehicle and bodily injury resulting from traffic collisions, as well as any resulting liability.

Industry Products and Services

  • Comprehensive insurance
  • Third-party insurance
  • Compulsory third-party insurance
  • All Others

Industry Activities

  • Underwriting comprehensive motorcycle insurance
  • Underwriting compulsory third-party motorcycle insurance
  • Underwriting third-party motorcycle insurance

Market research report - table of contents

Industry Definition

Industry operators underwrite (i.e. assume the risk and assign premiums for) motorcycle insurance policies. Motorcycle insurance provides financial protection against physical damage to the vehicle and bodily injury resulting from traffic collisions, as well as any resulting liability.

Main Activities

  • Underwriting comprehensive motorcycle insurance
  • Underwriting compulsory third-party motorcycle insurance
  • Underwriting third-party motorcycle insurance

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

The number of registered motor vehicles in Australia also includes motorcycles. While motorcycles make up a small share of the overall number of registere...
lock
Purchase this report or a membership to unlock the full breakdown of the key external drivers in this industry.
Number of motor vehicles
World price of crude oil
10-year bond rate
Number of vehicle accident deaths

Current Performance

Growth trends
Trading landscape
 Chart: Revenue Growth

Industry Outlook

Changing trends
 Table: Motorcycle Insurance in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

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

Supply Chain

Key Buying Industries

Motorcycle Dealers in Australia
Agribusiness in Australia
Consumers in Australia




Key Selling Industries

Computer System Design Services in Australia
Insurance Brokerage in Australia





Products & Services

The Motorcycle Insurance industry's services can be split into three product segments. These segments are private motorcycle insurance, compulsory third-p...
Motorists aged 26 to 39
Motorists aged 40 and over




Demand Determinants

The number of registered motorcycles in Australia and petrol prices dictate demand for motorcycle insurance. Any new registered vehicle is required to be ...
lock
Purchase this report or a membership to unlock the full analysis of the demand determinants in this industry.

Major Markets

Motorists aged 26 to 39
Motorists aged 40 and over





 Chart: Major Market Segmentation for the Motorcycle 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 Motorcycle Insurance industry is characterised by a medium level of market share concentration, with the three largest operators accounting for an est...
lock
Purchase this report or a membership to unlock the full analysis of the market share concentration in this industry.

Key Success Factors

Cost Structure Benchmarks

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

Basis of Competition

Internal competition
External competition

Barriers to Entry

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

Industry Globalization

Suncorp Group Limited is one of Australia's largest general insurance companies. Previously branded Suncorp Metway, the company was established through th...
lock
Purchase this report or a membership to unlock the full analysis of the major players in this industry.

Suncorp Group

 Table: Suncorp Group - financial performance

IAG

 Table: IAG - financial performance

QBE Insurance Group

 Table: QBE Insurance Group - financial performance

Capital Intensity

The Motorcycle Insurance industry exhibits a moderate level of capital intensity. For every dollar paid as wages, an estimated $0.19 is spent on capital i...
lock
Purchase this report or a membership to unlock the full analysis of the capital intensity of this industry.
 Chart: Level of Capital Intensity for the Motorcycle 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 Motorcycle 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, %

APRA

CTP

REINSURANCE

UNDERWRITING

Purchase to Read Full Report

100% Money Back Guarantee Digicert Trusted

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 Motorcycle Insurance industry?

IBISWorld industry market research reports enable you to:

  • Find out about key industry trends
  • Identify threats and opportunities
  • Inform your decisions for marketing, strategy and planning
  • Quickly build competitive intelligence

This report on Motorcycle 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 Motorcycle 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

IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Motorcycle Insurance in Australia, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

Trusted by More Than 10,000 Clients Around the World

  • IBISWorld client - VISA
  • IBISWorld client - ADP
  • IBISWorld client - Deloitte
  • IBISWorld client - AMEX
  • IBISWorld client - Bank of Montreal
clear