Financial Services & Insurance Research News

Automotive Usage Based Insurance Market Is Likely to Witness Tremendous Growth by 2027 with a CAGR of 23.6%

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New Intelligence Report on “Automotive Usage Based Insurance Market to 2027” is recently published by The Insight Partners. The report aims to provide leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years

Global Automotive Usage Based Insurance Market is expected to grow from US$ 15.62 Bn in 2018 to US$ 105.12 Bn in 2027 at a CAGR of 23.6% between 2019 and 2027.

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The report focuses on an in-depth segmentation of automotive usage based insurance market based on technology fitted and policy type. The geographic segmentation of the report covers major regions including; North America, Europe, Asia-Pacific (APAC), and Rest of World (RoW).

The regional market has been further bifurcated by respective countries. 

By policy type, Pay-How-You-Drive policy type segment accounted for the largest share of the automotive usage based insurance market in 2018.

Worldwide Automotive Usage Based Insurance Market 2019 research report conveys industry business patterns and the undertaking information, tolerating one to grasp clients and the stock driving gainfulness and yield development. The report highlights information on improvements and Global Automotive Usage Based Insurance Market trends, drivers, revenue and furthermore available.

The market report pulls in the most peculiar bits of knowledge of this business additionally makes Automotive Usage Based Insurance forecast that is important out there. It accompanies estimations concerning the Automotive Usage Based Insurance advancement, subordinate and draws in the distinguishing proof of their industry status.

Key Benefits:

  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global Automotive Usage Based Insurance Market
  • To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)

The key players profiled in the automotive usage based insurance market report includes Vodafone Automotive, Liberty Mutual Insurance Company, Allianz Insurance, TomTom Telematics, Allstate Insurance, Octo Telematics, Metromile, Siera Wireless, Ingenie Service Ltd., AXA Insurance, UnipolSai Assicurazioni S.p.A., and MetaSystems among others. 

This report provides in depth study of “Automotive Usage Based Insurance Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization.

The Automotive Usage Based Insurance Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

The report aims to provide an overview of the global automotive usage based insurance market with detailed market segmentation. Also, it analyzes the current automotive usage based insurance market scenario and forecasts the market till 2027.

The report covers market dynamics affecting the automotive usage based insurance market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the automotive usage based insurance market with respect to all geographic regions.

The report also includes the detailed company profiles of the key players in the automotive usage based insurance market along with their market strategies. The report also provides PEST for all four regions and SWOT analysis for all company profiled in the report.

Automotive usage based insurance market is experiencing high growth across the globe, with the increasing adoption of mobility-as-a-service worldwide. Furthermore, the different reward programs offered by insurers is another factor propelling the market growth.

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

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The report segments the Global Automotive Usage Based Insurance Market as follows:

Global Automotive UBI Market - By Technology Fitted 
Smartphones
Black Box 
Dongles
Others

Global Automotive UBI Market - By Policy Type 
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)

Global Automotive UBI Market - By Geography
North America
U.S.
Canada
Mexico

Europe

Germany
Italy
UK 
Rest of Europe 

Asia Pacific (APAC)

Australia
China
Singapore
Rest of Asia-Pacific 

Rest of World (RoW)

South Africa
Rest of RoW

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