UAE EV Insurance Market 2022-2027

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    UAE EV INSURANCE MARKET

    INTRODUCTION

     

    Electric vehicles are battery-powered automobiles with an electric motor in place of a combustion engine. Electric cars require tyres with more durable rubber compositions and stronger constructions to accommodate a high torque, which increases tyre wear.

     

    Given the existence of electric vehicles for some time, EV tyres have seen a surge in innovation in recent years.

     

    Infographic: UAE EV Insurance Market, UAE EV Insurance Market Size, UAE EV Insurance Market Trends, UAE EV Insurance Market Forecast, UAE EV Insurance Market Risks, UAE EV Insurance Market Report, UAE EV Insurance Market Share

     

    The government’s rising preference for electric cars as a way to reduce carbon emissions, a dramatic increase in the sales of light electric vehicles, and a growing desire to electrify public transportation by introducing electric buses are all factors contributing to the market’s growth.

    UAE EV INSURANCE MARKET SIZE AND FORECAST

    The UAE EV Insurance Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2022 to 2027.

    NEW PRODUCT LAUNCH

    The Islamic Arab Insurance Company, Salama, and Policybazaar. ae have partnered to create an online comprehensive insurance plan for vehicles not built to GCC specifications.

     

    The leading Shari’ah-compliant Takaful solutions provider in the UAE and the fastest-growing online insurance and financing marketplace will exclusively provide a quick and simple comprehensive motor insurance for imported automobiles with a variety of perks.

     

    Customers may now insure even their premium automobiles online from the convenience of their homes or offices thanks to the debut of this innovative solution.

     

    Since they weren’t built for Gulf conditions, non-GCC standard automobiles used to present a bigger risk to auto insurance. The sole alternative was to get third-party liability insurance, but this required a lengthy waiting period to get a policy.

     

    The Company for Cooperative Insurance “Tawuniya” has unveiled Motor Flex, the first product of its kind in the Saudi insurance market, which allows clients to choose their insurance coverage options.

     

    Tawuniya’s dedication to innovation is reflected in the new product, which focuses on giving customers the insurance solutions that best suit their needs while also taking into account advancements in the field of professional insurance practice.

     

    The Motor Flex also gave customers the option to manage their insurance premiums and coverages. It is directed at car owners who can design a custom protection plan.

     

    The new package offers required third-party liability in addition to a choice of seven additional covers based on the needs of the customer, such as fire, theft, deliberate accidents, hail and flood, roadside assistance, and medical payments.

    COMPANY PROFILE

    THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

    1. What is the average cost per UAE EV Insurance Market right now and how will it change in the next 5-6 years? 
    2. The average cost to set up an EV Insurance Market in UAE?
    3. How many UAE EV Insurance Market are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    4. What is happening in the overall public, globally?
    5. Cost breakup of a UAE EV Insurance Market  and key vendor selection criteria
    6. Where is the UAE EV Insurance Market manufactured? What is the average margin per equipment?
    7. Market share of UAE EV Insurance Market manufacturers and their upcoming products
    8. The most important planned UAE EV Insurance Market  in the next 2 years
    9. Details on a network of major UAE EV Insurance Market and pricing plans
    10. The cost advantage for OEMs who manufacture UAE EV Insurance Market in-house
    11. 5 key predictions for the next 5 years in UAE EV Insurance Market
    12. Average B-2-B UAE EV Insurance Market price in all segments
    13. Latest trends in UAE EV Insurance Market, by every market segment
    14. The market size (both volume and value) of UAE EV Insurance Market in 2022-2027 and every year in between?
    15. Global production breakup of UAE EV Insurance Market, by suppliers and their OEM relationship
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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