The fast track: Increasing motorcycle numbers have benefited industry growth

IBISWorld’s Motorcycle Insurance market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


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...

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What is the Motorcycle Insurance industry?

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...

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Products & Brands

Major products in this industry
Comprehensive insurance
Third-party insurance
Compulsory third-party insurance
Examples of brands in this Industry
NRMA Insurance
Swann Insurance

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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