Press release
Global Automotive Usage Based Insurance market demand, supply, growth factors, latest rising trend & industry demand TomTom Telematics, Allstate Insurance, Octo Telematics, Metromile, Siera Wireless, Ingenie Service Ltd., AXA Insurance, UnipolSai Assicura
Automotive Usage Based Insurance market
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.
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.
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.
The Automotive Usage Based Insurance market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed swot analysis, financial facts and key developments of products/service from the past three years.
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.
Key benefits-
• To track and analyze competitive developments, such as product launches, agreements, partnerships, collaborations, and acquisitions in 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 matured markets in global automotive usage based insurance market accounted for the US, Italy and the UK, owing to which North America led the market followed by Europe. The dominance of North America in global automotive usage based insurance market is due to the fact that, the country houses a large number of automotive OEMs, telematics companies, and insurance companies. Additionally, the trend of adoption of newer technologies and solutions is also high in the country, which has pushed the residents to opt for telematics insurance. Moreover, the region is one of the precursors of mobility-as-a-service across the globe, and the MaaS market has propelled extensively over the years in the region and is also continually witnessing upward trends.
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Key questions answered in the report include:
• what will the market size and the growth rate be in 2027?
• what are the key factors driving the global Automotive Usage Based Insurance market?
• what are the key market trends impacting the growth of the Automotive Usage Based Insurance market?
• what are the challenges to market growth?
• who are the key vendors in this market space?
Major factors about the report:
• global Automotive Usage Based Insurance market overview
• economic impact on market
• market competition
• global Automotive Usage Based Insurance market analysis by application
• industrial chain, sourcing strategy and downstream buyers
• marketing strategy analysis, distributors/traders
• global market effect, factors, analysis
• global market forecast
Reason to buy:
Save and reduce time carrying out entry-level research by identifying the market growth, size, leading players and segments in the global Automotive Usage Based Insurance market
highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the Automotive Usage Based Insurance market, thereby allowing players across the value chain to develop effective long term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging market
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
• Examine the political, economic, social and technology impact of the five regions namely: north america, europe, asia pacific, middle east & africa and south & central america.
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We are committed to providing highest quality research and consulting services to our customers. We help our clients understand key market trends, identify opportunities, and make informed decisions by providing market research solutions at an affordable cost.
The Insight Partners,
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