Usage-Based Insurance Market Size to Grow at 16.11% CAGR During the Forecast Period of 2023-2027 | 120 Report Pages

PRESS RELEASE

Published February 9, 2023

Usage-Based Insurance Market Analysis 2023 | by Product Type (Pay-as-you-drive (PAYD), Pay-how-you-drive (PHYD), Manage-how-you-drive (MHYD)), Application Type (Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)), are covered in this report by 360 Market Updates | 120 Report Pages

The global Usage-Based Insurance market size is expected to expand at a CAGR of 16.11% during the forecast period, reaching USD 87943.38 million by 2027 was valued at USD 35897.63 million in 2021.

Usage-Based Insurance Market explore investment in Market. It classify how companies deploying these technologies across various industry verticals aim to explore its future to become a major business disrupter. The Usage-Based Insurance study eludes very useful reviews and strategic assessment including the generic market trends, emerging technologies, industry drivers, challenges, regulatory policies that propel the market growth, along with major players profile and strategies. The study includes market share analysis and profiles of players such as Mapfre S.A., Allianz SE, UNIPOLSAI ASSICURAZIONI S.P.A, AXA, Aviva, Progressive Corporation, Insurethebox, Liberty Mutual Insurance, Nationwide Mutual Insurance Company, Allstate Corporation

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Usage-Based Insurance Market Overviwe:

The global Usage-Based Insurance market size was valued at USD 35897.63 million in 2021 and is expected to expand at a CAGR of 16.11% during the forecast period, reaching USD 87943.38 million by 2027.

Usage-based insurance (UBI) is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.

Market split by Type, can be divided into: -

Pay-as-you-drive (PAYD)
Pay-how-you-drive (PHYD)
Manage-how-you-drive (MHYD)

Market split by Application, can be divided into: -

Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)

Major Key Players of the Market:

Mapfre S.A.
Allianz SE
UNIPOLSAI ASSICURAZIONI S.P.A
AXA
Aviva
Progressive Corporation
Insurethebox
Liberty Mutual Insurance
Nationwide Mutual Insurance Company
Allstate Corporation

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Market segment by Region/Country including: -

-North America (United States, Canada and Mexico)
-Europe (Germany, UK, France, Italy, Russia and Spain etc.)
-Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
-South America (Brazil, Argentina and Colombia etc.)
-Middle East and Africa (South Africa, UAE and Saudi Arabia etc.)

FIVE FORCES and PESTLE ANALYSIS:

In order to better understand Market condition five forces analysis is conducted that includes Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry.

Political (Political policy and stability as well as trade, fiscal and taxation policies)
Economical (Interest rates, employment or unemployment rates, raw material costs and foreign exchange rates)
Social (Changing family demographics, education levels, cultural trends, attitude changes and changes in lifestyles)
Technological (Changes in digital or mobile technology, automation, research and development)
Legal (Employment legislation, consumer law, health and safety, international as well as trade regulation and restrictions)
Environmental (Climate, recycling procedures, carbon footprint, waste disposal and sustainability)

Key takeaways from the Usage-Based Insurance market report:

1. Detailed considerate of Usage-Based Insurance market-particular drivers, Trends, constraints, Restraints, Opportunities and major micro markets.
2. Comprehensive valuation of all prospects and threat in the In depth study of industry strategies for growth of the Usage-Based Insurance market-leading players.
3. Usage-Based Insurance market latest innovations and major procedures.
4. Favorable dip inside Vigorous high-tech and market latest trends remarkable the Market.
5. Conclusive study about the growth conspiracy of Usage-Based Insurance market for forthcoming years.

To Know How Covid-19 Pandemic Will Impact This Market

Table of Contents:

1 Usage-Based Insurance Market Overview
1.1 Product Overview and Scope of Usage-Based Insurance Market
1.2 Usage-Based Insurance Market Segment by Type
1.2.1 Global Usage-Based Insurance Market Sales Volume and CAGR (%) Comparison by Type (2017-2027)
1.3 Global Usage-Based Insurance Market Segment by Application
1.3.1 Usage-Based Insurance Market Consumption (Sales Volume) Comparison by Application (2017-2027)
1.4 Global Usage-Based Insurance Market, Region Wise (2017-2027)
1.4.1 Global Usage-Based Insurance Market Size (Revenue) and CAGR (%) Comparison by Region (2017-2027)
1.4.2 United States Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.3 Europe Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.4 China Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.5 Japan Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.6 India Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.7 Southeast Asia Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.8 Latin America Usage-Based Insurance Market Status and Prospect (2017-2027)
1.4.9 Middle East and Africa Usage-Based Insurance Market Status and Prospect (2017-2027)
1.5 Global Market Size of Usage-Based Insurance (2017-2027)
1.5.1 Global Usage-Based Insurance Market Revenue Status and Outlook (2017-2027)
1.5.2 Global Usage-Based Insurance Market Sales Volume Status and Outlook (2017-2027)
1.6 Global Macroeconomic Analysis
1.7 The impact of the Russia-Ukraine war on the Usage-Based Insurance Market

2 Industry Outlook
2.1 Usage-Based Insurance Industry Technology Status and Trends
2.2 Industry Entry Barriers
2.2.1 Analysis of Financial Barriers
2.2.2 Analysis of Technical Barriers
2.2.3 Analysis of Talent Barriers
2.2.4 Analysis of Brand Barrier
2.3 Usage-Based Insurance Market Drivers Analysis
2.4 Usage-Based Insurance Market Challenges Analysis
2.5 Emerging Market Trends
2.6 Consumer Preference Analysis
2.7 Usage-Based Insurance Industry Development Trends under COVID-19 Outbreak
2.7.1 Global COVID-19 Status Overview
2.7.2 Influence of COVID-19 Outbreak on Usage-Based Insurance Industry Development

3 Global Usage-Based Insurance Market Landscape by Player
3.1 Global Usage-Based Insurance Sales Volume and Share by Player (2017-2022)
3.2 Global Usage-Based Insurance Revenue and Market Share by Player (2017-2022)
3.3 Global Usage-Based Insurance Average Price by Player (2017-2022)
3.4 Global Usage-Based Insurance Gross Margin by Player (2017-2022)
3.5 Usage-Based Insurance Market Competitive Situation and Trends
3.5.1 Usage-Based Insurance Market Concentration Rate
3.5.2 Usage-Based Insurance Market Share of Top 3 and Top 6 Players
3.5.3 Mergers and Acquisitions, Expansion

4 Global Usage-Based Insurance Sales Volume and Revenue Region Wise (2017-2022)
4.1 Global Usage-Based Insurance Sales Volume and Market Share, Region Wise (2017-2022)
4.2 Global Usage-Based Insurance Revenue and Market Share, Region Wise (2017-2022)
4.3 Global Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4 United States Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.4.1 United States Usage-Based Insurance Market Under COVID-19
4.5 Europe Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.5.1 Europe Usage-Based Insurance Market Under COVID-19
4.6 China Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.6.1 China Usage-Based Insurance Market Under COVID-19
4.7 Japan Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.7.1 Japan Usage-Based Insurance Market Under COVID-19
4.8 India Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.8.1 India Usage-Based Insurance Market Under COVID-19
4.9 Southeast Asia Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.9.1 Southeast Asia Usage-Based Insurance Market Under COVID-19
4.10 Latin America Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.10.1 Latin America Usage-Based Insurance Market Under COVID-19
4.11 Middle East and Africa Usage-Based Insurance Sales Volume, Revenue, Price and Gross Margin (2017-2022)
4.11.1 Middle East and Africa Usage-Based Insurance Market Under COVID-19

5 Global Usage-Based Insurance Sales Volume, Revenue, Price Trend by Type
5.1 Global Usage-Based Insurance Sales Volume and Market Share by Type (2017-2022)
5.2 Global Usage-Based Insurance Revenue and Market Share by Type (2017-2022)
5.3 Global Usage-Based Insurance Price by Type (2017-2022)
5.4 Global Usage-Based Insurance Sales Volume, Revenue and Growth Rate by Type (2017-2022)
5.4.1 Global Usage-Based Insurance Sales Volume, Revenue and Growth Rate of Pay-as-you-drive (PAYD) (2017-2022)
5.4.2 Global Usage-Based Insurance Sales Volume, Revenue and Growth Rate of Pay-how-you-drive (PHYD) (2017-2022)
5.4.3 Global Usage-Based Insurance Sales Volume, Revenue and Growth Rate of Manage-how-you-drive (MHYD) (2017-2022)

6 Global Usage-Based Insurance Market Analysis by Application
6.1 Global Usage-Based Insurance Consumption and Market Share by Application (2017-2022)
6.2 Global Usage-Based Insurance Consumption Revenue and Market Share by Application (2017-2022)
6.3 Global Usage-Based Insurance Consumption and Growth Rate by Application (2017-2022)
6.3.1 Global Usage-Based Insurance Consumption and Growth Rate of Light-Duty Vehicle (LDV) (2017-2022)
6.3.2 Global Usage-Based Insurance Consumption and Growth Rate of Heavy-Duty Vehicle (HDV) (2017-2022)

7 Global Usage-Based Insurance Market Forecast (2022-2027)
7.1 Global Usage-Based Insurance Sales Volume, Revenue Forecast (2022-2027)
7.1.1 Global Usage-Based Insurance Sales Volume and Growth Rate Forecast (2022-2027)
7.1.2 Global Usage-Based Insurance Revenue and Growth Rate Forecast (2022-2027)
7.1.3 Global Usage-Based Insurance Price and Trend Forecast (2022-2027)
7.2 Global Usage-Based Insurance Sales Volume and Revenue Forecast, Region Wise (2022-2027)
7.2.1 United States Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.2 Europe Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.3 China Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.4 Japan Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.5 India Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.6 Southeast Asia Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.7 Latin America Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.2.8 Middle East and Africa Usage-Based Insurance Sales Volume and Revenue Forecast (2022-2027)
7.3 Global Usage-Based Insurance Sales Volume, Revenue and Price Forecast by Type (2022-2027)
7.3.1 Global Usage-Based Insurance Revenue and Growth Rate of Pay-as-you-drive (PAYD) (2022-2027)
7.3.2 Global Usage-Based Insurance Revenue and Growth Rate of Pay-how-you-drive (PHYD) (2022-2027)
7.3.3 Global Usage-Based Insurance Revenue and Growth Rate of Manage-how-you-drive (MHYD) (2022-2027)
7.4 Global Usage-Based Insurance Consumption Forecast by Application (2022-2027)
7.4.1 Global Usage-Based Insurance Consumption Value and Growth Rate of Light-Duty Vehicle (LDV)(2022-2027)
7.4.2 Global Usage-Based Insurance Consumption Value and Growth Rate of Heavy-Duty Vehicle (HDV)(2022-2027)
7.5 Usage-Based Insurance Market Forecast Under COVID-19

8 Usage-Based Insurance Market Upstream and Downstream Analysis
8.1 Usage-Based Insurance Industrial Chain Analysis
8.2 Key Raw Materials Suppliers and Price Analysis
8.3 Manufacturing Cost Structure Analysis
8.3.1 Labor Cost Analysis
8.3.2 Energy Costs Analysis
8.3.3 RandD Costs Analysis
8.4 Alternative Product Analysis
8.5 Major Distributors of Usage-Based Insurance Analysis
8.6 Major Downstream Buyers of Usage-Based Insurance Analysis
8.7 Impact of COVID-19 and the Russia-Ukraine war on the Upstream and Downstream in the Usage-Based Insurance Industry

9 Players Profiles
9.1 Mapfre S.A.
9.1.1 Mapfre S.A. Basic Information, Manufacturing Base, Sales Region and Competitors
9.1.2 Usage-Based Insurance Product Profiles, Application and Specification
9.1.3 Mapfre S.A. Market Performance (2017-2022)
9.1.4 Recent Development
9.1.5 SWOT Analysis
9.2 Allianz SE
9.2.1 Allianz SE Basic Information, Manufacturing Base, Sales Region and Competitors
9.2.2 Usage-Based Insurance Product Profiles, Application and Specification
9.2.3 Allianz SE Market Performance (2017-2022)
9.2.4 Recent Development
9.2.5 SWOT Analysis
9.3 UNIPOLSAI ASSICURAZIONI S.P.A
9.3.1 UNIPOLSAI ASSICURAZIONI S.P.A Basic Information, Manufacturing Base, Sales Region and Competitors
9.3.2 Usage-Based Insurance Product Profiles, Application and Specification
9.3.3 UNIPOLSAI ASSICURAZIONI S.P.A Market Performance (2017-2022)
9.3.4 Recent Development
9.3.5 SWOT Analysis
9.4 AXA
9.4.1 AXA Basic Information, Manufacturing Base, Sales Region and Competitors
9.4.2 Usage-Based Insurance Product Profiles, Application and Specification
9.4.3 AXA Market Performance (2017-2022)
9.4.4 Recent Development
9.4.5 SWOT Analysis
9.5 Aviva
9.5.1 Aviva Basic Information, Manufacturing Base, Sales Region and Competitors
9.5.2 Usage-Based Insurance Product Profiles, Application and Specification
9.5.3 Aviva Market Performance (2017-2022)
9.5.4 Recent Development
9.5.5 SWOT Analysis
9.6 Progressive Corporation
9.6.1 Progressive Corporation Basic Information, Manufacturing Base, Sales Region and Competitors
9.6.2 Usage-Based Insurance Product Profiles, Application and Specification
9.6.3 Progressive Corporation Market Performance (2017-2022)
9.6.4 Recent Development
9.6.5 SWOT Analysis
9.7 Insurethebox
9.7.1 Insurethebox Basic Information, Manufacturing Base, Sales Region and Competitors
9.7.2 Usage-Based Insurance Product Profiles, Application and Specification
9.7.3 Insurethebox Market Performance (2017-2022)
9.7.4 Recent Development
9.7.5 SWOT Analysis
9.8 Liberty Mutual Insurance
9.8.1 Liberty Mutual Insurance Basic Information, Manufacturing Base, Sales Region and Competitors
9.8.2 Usage-Based Insurance Product Profiles, Application and Specification
9.8.3 Liberty Mutual Insurance Market Performance (2017-2022)
9.8.4 Recent Development
9.8.5 SWOT Analysis
9.9 Nationwide Mutual Insurance Company
9.9.1 Nationwide Mutual Insurance Company Basic Information, Manufacturing Base, Sales Region and Competitors
9.9.2 Usage-Based Insurance Product Profiles, Application and Specification
9.9.3 Nationwide Mutual Insurance Company Market Performance (2017-2022)
9.9.4 Recent Development
9.9.5 SWOT Analysis
9.10 Allstate Corporation
9.10.1 Allstate Corporation Basic Information, Manufacturing Base, Sales Region and Competitors
9.10.2 Usage-Based Insurance Product Profiles, Application and Specification
9.10.3 Allstate Corporation Market Performance (2017-2022)
9.10.4 Recent Development
9.10.5 SWOT Analysis

10 Research Findings and Conclusion

11 Appendix
11.1 Methodology
11.2 Research Data Source

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2. Analysing various perspectives of the market with the help of Porter’s five forces analysis
3. Study on the product type and application expected to dominate the market.
4. Study on the country expected to witness fastest growth during the forecast period.
5. Forecasts the market value by assessing the impact of the market drivers and constraints.

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