Global Usage-Based Insurance Market Analysis & Trends - Industry forecast to 2028

Global Usage-Based Insurance Market Analysis & Trends - Industry forecast to 2028

  • April 2020 •
  • 159 pages •
  • Report ID: 5886609 •
  • Format: PDF
The Global Usage-Based Insurance Market is poised to grow at a CAGR of around XX% over the next decade to reach approximately $XX million by 2028.

Some of the prominent trends that the market is witnessing include accurate and timely data collection, lower accident and vehicle theft possibilities and flexible insurance premiums.

Based on the package type, the market is segregated into pay-how-you-drive (PHYD), pay-as-you-drive (PAYD), manage-how-you-drive (MHYD) and distance-based-insurance (DBI). Pay-as-you-drive (PAYD) segment is again segmented into telematics-based and device-based.

By technology, the market is fragmented into smart phone, on-board diagnostic (OBD-II), black box and embedded system.

On the basis of the vehicle type, the market is classified into heavy-duty vehicle (HDV), light-duty vehicle (LDV), passenger vehicle and commercial vehicle.

With respect to the vehicle age, the market is segmented into on-road vehicles and new vehicles.

By device offering, the market is fragmented into company provided and brings your own device (BYOD).

On the basis of the application, the market is classified into automotive embedded UBI and automotive app-based UBI.

Based on the electric and hybrid vehicle, the market is segregated into plug-in hybrid vehicle (PHEV), battery electric vehicle (BEV) and hybrid electric vehicle (HEV).

This industry report analyzes the market estimates and forecasts of all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2015, 2016 revenue estimations are presented for 2017 and forecasts from 2018 till 2028. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. With comprehensive market assessment across the major geographies such as North America, Europe, Asia Pacific, Middle East, Latin America and Rest of the world the report is a valuable asset for the existing players, new entrants and the future investors.

The study presents detailed market analysis with inputs derived from industry professionals across the value chain. A special focus has been made on 23 countries such as U.S., Canada, Mexico, U.K., Germany, Spain, France, Italy, China, Brazil, Saudi Arabia, South Africa, etc. The market data is gathered from extensive primary interviews and secondary research. The market size is calculated based on the revenue generated through sales from all the given segments and sub segments in the research scope. The market sizing analysis includes both top-down and bottom-up approaches for data validation and accuracy measures.

This report provides data tables, includes charts and graphs for visual analysis.

Regional Analysis:
North America
- US
- Canada
- Mexico

- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe

Asia Pacific
- China
- Japan
- India
- Australia
- New Zealand
- Rest of Asia Pacific

Middle East
- Saudi Arabia
- Rest of Middle East

Latin America
- Argentina
- Brazil
- Rest of Latin America

Rest of the World
- South Africa
- Others

Report Highlights:
- The report provides a detailed analysis on current and future market trends to identify the investment opportunities
- Market forecasts till 2028, using estimated market values as the base numbers
- Key market trends across the business segments, Regions and Countries
- Key developments and strategies observed in the market
- Market Dynamics such as Drivers, Restraints, Opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2028
- Market opportunities and recommendations for new investments