May, 2020 ICT and Media
Global Automotive Usage-based Insurance Market Size, Share, Growth,Trends, COVID-19 Analysis and Forecast 2021-2028
Category by- ICT and Media , No. of Pages - 150, Published By - Ameco Research
Usage-based Insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
The Americas region is projected to be the largest market for usage-based insurance during the forecast period. The Americas has the highest adoption rate of usage-based insurance as compared to other regions owing to higher regular insurance premiums and high sales of premium D segment and light-duty vehicles. Apart from this, vehicles with telematics and connected car services are acting as a driving factor for the usage-based insurance market.
In 2020, the global Automotive Usage-based Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2028, with a CAGR of xx% during 2021-2028.
This report focuses on the global Automotive Usage-based Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Usage-based Insurance development in United States, Europe and China.
The key players covered in this study
Progressive
Allstate
Octo Telematics
MetroMile
Allianz
AXA
Liberty Mutual
Verizon
Movitrack Viasat
Nationwide
Esurance
Safeco
Travellers
Liberty Mutual Insurance
AIOI
QBE
Modus Group
Intelligent Mechatronic Systems
Inseego
Truemotion
Cambridge Mobile Telematics
Market segment by Type, the product can be split into
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)
Market segment by Application, split into
Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Automotive Usage-based Insurance status, future forecast, growth opportunity, key market and key players.
To present the Automotive Usage-based Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Automotive Usage-based Insurance are as follows:
History Year: 2015-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
The Americas region is projected to be the largest market for usage-based insurance during the forecast period. The Americas has the highest adoption rate of usage-based insurance as compared to other regions owing to higher regular insurance premiums and high sales of premium D segment and light-duty vehicles. Apart from this, vehicles with telematics and connected car services are acting as a driving factor for the usage-based insurance market.
In 2020, the global Automotive Usage-based Insurance market size was xx million US$ and it is expected to reach xx million US$ by the end of 2028, with a CAGR of xx% during 2021-2028.
This report focuses on the global Automotive Usage-based Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Automotive Usage-based Insurance development in United States, Europe and China.
The key players covered in this study
Progressive
Allstate
Octo Telematics
MetroMile
Allianz
AXA
Liberty Mutual
Verizon
Movitrack Viasat
Nationwide
Esurance
Safeco
Travellers
Liberty Mutual Insurance
AIOI
QBE
Modus Group
Intelligent Mechatronic Systems
Inseego
Truemotion
Cambridge Mobile Telematics
Market segment by Type, the product can be split into
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)
Market segment by Application, split into
Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Automotive Usage-based Insurance status, future forecast, growth opportunity, key market and key players.
To present the Automotive Usage-based Insurance development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Automotive Usage-based Insurance are as follows:
History Year: 2015-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.