Gap Insurance Market

Gap insurance is a type of auto insurance that car owners can buy to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully cover the amount the insured owes on the vehicle's financing or lease agreement. This situation arises when the balance owed on a car loan is greater than the book value of the vehicle.
Gap Insurance Market contains market size and forecasts of Gap Insurance in Global, including the following market information:
Global Gap Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Gap Insurance market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Finance GAP Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Gap Insurance include ALA, Admiral, AXA, Warranty Direct (BNP Paribas Cardif), AAA, Nationwide, Allianz, Cov?a Insurance and Direct Gap, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Gap Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Gap Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Gap Insurance Market Segment Percentages, by Type, 2021 (%)
Finance GAP Insurance
Return-to-invoice GAP Insurance
Vehicle Replacement GAP Insurance
Return-to-value GAP Insurance
Others
Global Gap Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Gap Insurance Market Segment Percentages, by Application, 2021 (%)
Small Vehicles
Heavy Trucks
Global Gap Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Gap Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Gap Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Gap Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
ALA
Admiral
AXA
Warranty Direct (BNP Paribas Cardif)
AAA
Nationwide
Allianz
Cov?a Insurance
Direct Gap
Motoreasy
Click4Gap
Esurance
USAA
Allstate
Progressive
Zurich Insurance