Motorcycle Insurance in Australia - Industry Market Research Report

Motorcycle Insurance in Australia
Consumers have shied away from purchasing new motorcycles as cost-of-living pressures erode disposable incomes. The COVID-19 pandemic's disruptions to global supply chains have lengthened the backlog of international motorcycle orders, dissuading potential buyers. The Russia-Ukraine conflict has exacerbated inflationary pressures. These trends have dealt a harsh blow to profit margins as the number of motorcycle registrations has dwindled in recent years.

Industry insurers 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.