openPR Logo
Press release

Usage-Based Insurance Market Comprehensive Business Analysis By 2025 and Top Companies are Allianz, AXA, Progressive Insurance, Allstate, Allstate Canada, Desjardins, Generali, MAPFRE, Metromile, Aviva, Admiral Group Plc, Ageas Group, TomTom Telematics

Global Usage-Based Insurance Market

Global Usage-Based Insurance Market

A comprehensive analysis of the Global Usage-Based Insurance Market is been done in this intelligence report. It includes the investigations done on the past progress, ongoing market scenarios, and future prospects. An accurate data of the products, strategies and market shares of leading companies in this particular market is mentioned. The report also analyzes innovative business strategies; value added factors and business opportunities with Detailed Porter's Five Forces Analysis. The Usage-Based Insurance market report presents a 360-degree overview of the competitive scenario of the Global market. The report further projects the size and valuation of the global market in the coming forecast period. The report also presents a thorough qualitative and quantitative data affecting to the projected impact of these factors on market's future growth prospects.

The Usage-Based Insurance industry is largely based on the driver and the usage of his vehicle and the way he drives. The premium is calculated on these factors which induces lower insurance premium and motivates the user to drive safer. These factors are driving the market and growing the market value from an estimated value of USD 21 billion in 2017 to an estimated value of USD 87.32 billion by 2025, also registering a CAGR of 19.5%.
Want to know what goes into a data bridge market research report? Get a SAMPLE to see selected illustrations and analysis straight from this report.

AVAIL SAMPLE COPY | INSTANTLY AT https://databridgemarketresearch.com/request-a-sample/?dbmr=global-usage-based-insurance-market

KEY HIGHLIGHTS OF THE USAGE-BASED INSURANCE MARKET REPORT:

• Get enlightened information available on the Usage-Based Insurance market worldwide.

• Identify growth in various segments and investment opportunities. Benchmark fulfillment adjacent the key adversary.

• The main criterion related to Usage-Based Insurance industry area including the overall structure of the product, numbers of applications, price, demand, and supply are enfolded in this report.

• The research of emerging Usage-Based Insurance market section and extant industry segments will aid the investors or novice in formulating and developing business strategies.

• Facilitates decision making in view of noteworthy and gauging information also the drivers and limitations available of the market.

• Global Usage-Based Insurance Market share assessments for the regional and country level segments.

TABLE OF CONTENTS

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 05: PIPELINE ANALYSIS

• Pipeline analysis

PART 06: MARKET SIZING

• Market definition
• Market sizing
• Market size and forecast

PART 07: PORTER'S FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 08: MARKET SEGMENTATION

• Segmentation
• Comparison
• Market opportunity

PART 09: CUSTOMER LANDSCAPE

PART 10: REGIONAL LANDSCAPE

• Geographical segmentation
• Regional comparison
• North America
• South America
• Europe
• MEA
• APAC
• Market opportunity

PART 11: DECISION FRAMEWORK

PART 12: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 13: MARKET TRENDS

PART 14: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 15: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors

PART 16: APPENDIX

• List of abbreviations

See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.

FULL TOC | AVAILABLE AT https://databridgemarketresearch.com/toc/?dbmr=global-usage-based-insurance-market

COMPETITIVE ANALYSIS AND KEY POINT

The Global Usage-Based Insurance Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Usage-Based Insurance market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

COMPANIES COVERED

• Allianz,
• AXA,
• Progressive Insurance,
• Allstate,
• Allstate Canada,
• Desjardins,
• Generali,
• MAPFRE,
• Metromile,
• Aviva,
• Admiral Group Plc,
• Ageas Group,
• Octo Telematics,
• TomTom Telematics,
• Liberty Mutual Insurance,
• Intelligent Mechatronic Systems – IMS,
• Mitsui Sumitomo Insurance Co. (Europe) Ltd,
• Watchstone Group plc,
• Allianz Australia,
• Aviva Canada,
• Allianz Asia Pacific,
• AXA Insurance Company,
• AXA US,
• Aviva Asia,
• AXA Italia,
• AXA UK,
• Ageas UK,
• Liberty Mutual Insurance Europe Limited

Gain easy Inquiry of this report, along with on-demand services

INQUIRE ABOUT REPORT | ANALYST CONSULTATION AT https://databridgemarketresearch.com/inquire-before-buying/?dbmr=global-usage-based-insurance-market

MARKET SEGMENTATION

Based on region, the market split into

• North America,
• Europe,
• Asia-Pacific, and
• Middle East & Africa, and
• South America

The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others.

U.S. is expected to dominate the market due to the rising pool of elderly population and chronic disease patient pool. Telehealth will help to U.S. healthcare model to shift from episodic model to dynamic continuous monitoring, leading to betterment of healthcare.

By Technology

• On-board Diagnostics-II
• Smartphone
• Embedded System
• Black Box

By Device

• Bring Your Own Device
• Company Provided

By Vehicle Age

• New Vehicles
• On-Road Vehicles

By Package Type

• Pay-As-You-Drive (PAYD)
• Pay-How-You-Drive (PHYD)
• Manage-How-You-Drive (MHYD)

By Electric & Hybrid Vehicles

• Hybrid Electric Vehicle (HEV)
• Plug-In Hybrid Electric Vehicle (PHEV)
• Battery Electric Vehicle

By Vehicle Type

• Light-Duty Vehicle
• Heavy-Duty Vehicle

Market Drivers:

• Reduced Premium costs in comparison to normal automotive insurance, also increase in the vehicle sales has raised the demand for insurance of vehicles

• Technology is projected to advance in the coming years and hence, Usage-Based insurance which is majorly dependent on the technological aspect is projected to register significant market growth

Market Restraints:

• Usage-Based Insurance is dependent on the driving score. The technology used to calculate these driving scores is expected to be expensive in future, therefore, increasing the cost of the insurance will be a major restraining factor

• Government regulations are not clear on Usage-Based Insurance, which makes the whole process complicated as no clear regulations are set for the users

Major Insights of the Report

1. To describe and forecast the Usage-Based Insurance market, in terms of value, by process, product type, and industry.

2. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Usage-Based Insurance Market

3. The key findings and recommendations highlight crucial progressive industry trends in the Usage-Based Insurance Market, thereby allowing players to develop effective long term strategies

4. To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the Usage-Based Insurance market
5. The report offers market share appraisals for regional and global levels

Customization of the Report

This report can be customized to meet the client’s requirements. Please connect with our sales team (sopan.gedam@databridgemarketresearch.com), who will ensure that you get a report that suits your needs.

About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

Contact:

Data Bridge Market Research
Tel: +1-888-387-2818
Email: sopan.gedam@databridgemarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Usage-Based Insurance Market Comprehensive Business Analysis By 2025 and Top Companies are Allianz, AXA, Progressive Insurance, Allstate, Allstate Canada, Desjardins, Generali, MAPFRE, Metromile, Aviva, Admiral Group Plc, Ageas Group, TomTom Telematics here

News-ID: 1366707 • Views: 2501

More Releases from Data Bridge Market Research

Silicone Oil Market is set to Witness Huge Demand at a CAGR of 7.3% during the F …
Global Silicone Oil Market was valued at USD 4.14 billion in 2021 and is expected to reach USD 7.28 billion by 2029, registering a CAGR of 7.3% during the forecast period of 2022-2029. Silicone Oil business report gives explanation about the vital developments in the market which range from the crucial improvements of the market, containing research and development, new item dispatch, pronouncement, coordinated efforts, associations, joint aspire, and territorial
Laser Ablation Systems Market is set to Witness Huge Demand at a CAGR of 10.45% …
Laser ablation systems market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 10.45% in the above-mentioned forecast period. Increase in the disposable income drives the laser ablation systems market. Laser Ablation Systems business report gives explanation about the vital developments in the market which range from the crucial improvements of the market,
Air Powered Vehicle Market to Rise at an Impressive CAGR of 106.15% By Future Gr …
The air powered vehicle market is expected to witness market growth at a rate of 106.15% in the forecast period of 2021 to 2028. Data Bridge Market Research report on air powered vehicle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. With the universal AIR POWERED VEHICLE market research report, best market opportunities are
Aircraft Lighting Market to Rise at an Impressive CAGR of 5.50% By Future Growth …
Aircraft lighting market is expected to reach USD 1,267.65 million by 2028 witnessing market growth at a rate of 5.50% in the forecast period of 2021 to 2028. Data Bridge Market Research report on aircraft lighting market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. With the latest and updated market insights mentioned in the

All 5 Releases


More Releases for Insurance

Household Insurance market by top keyaplayers - Discount Insurance Home Insuran …
Household Insurance Industry Overview The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance marketgrowth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market have also been included in
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market
Non-Life Insurance Market :Health Insurance, Property Insurance, Cargo Insurance …
Non-Life Insurance Market Overview: Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Non-Life Insurance market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region. Get Access to Report Sample: http://bit.ly/2Q9Hd8z Non-Life Insurance market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been
Agricultural Insurance Market 2018-2023: AnHua Agricultural Insurance, Anxin Agr …
A new research study titled, “Global Agricultural Insurance Market” has been added to the comprehensive repository of Orbis Research Agricultural Insurance Market - Global Status and Trend Report 2018-2023 offer a comprehensive analysis of the Agricultural Insurance industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights. No matter the client is the industry insider, potential entrant or investor, the report will provide useful data and information. The
Insurance Market-Saga’s Retail Broking Business Offers Motor Insurance, Pet In …
Orbis Research Market brilliance released a new research report of 33 pages on title ‘Insurance Company Profile: Saga’ with detailed analysis, forecast and strategies. Insurance Company Profile: Saga", profile provides a comprehensive review of Saga and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy. Request a sample of this report at http://orbisresearch.com/contacts/request-sample/2026595 Saga