openPR Logo
Press release

Automotive Usage Based Insurance Market Estimated to Flourish By 2027 - Leading Key Players Allianz, Metromile, Siera Wireless, Ingenie Service, AXA SA, TomTom Telematics

04-01-2019 05:36 AM CET | Logistics & Transport

Press release from: The Insight Partners

Automotive Usage Based Insurance Market

Automotive Usage Based Insurance Market

The report focuses on an in-depth segmentation of automotive usage based insurance market based on technology fitted and policy type. 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.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 key players profiled in the automotive usage based insurance market report includes Vodafone Automotive, Liberty Mutual Insurance Company, Allianz Insurance, TomTom Telematics, Allstate Insurance, Octo Telematics, Metromile, Siera Wireless, Ingenie Service Ltd., AXA Insurance, UnipolSai Assicurazioni S.p.A., and MetaSystems among others.

Get Sample PDF Copy @ http://bit.ly/2V4LRmE

The automotive usage-based insurance industry has evolved along with the automotive industry. The demand for usage-based insurance market is largely influenced by increasing vehicle sales with telematics and connected car services, reduction in insurance as compared to the traditional insurance, and increasing vehicle sales and parc.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.

Key Benefits-
- To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of 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 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.

Presently, insurance providers are inclined to follow either the two routes, i.e. installation of hardware devices, where devices are equipped to the policyholders' cars or the low-priced smartphone app route. Both of these methods of tracking information have their advantages and disadvantages, however, they are not commonly exclusive. An insurance provider might want a customer to download an app and later shift to a plug-in device. To stay competitive in the market, the insurance providers need to build internal capability, i.e. significant investment and efforts are required to establish liaison with telematics service providers.

The report segments the Global Automotive Usage Based Insurance Market as follows:

Global Automotive UBI Market - By Technology Fitted
- Smartphones
- Black Box
- Dongles
- Others

Global Automotive UBI Market - By Policy Type
- Pay-As-You-Drive (PAYD)
- Pay-How-You-Drive (PHYD)

Global Automotive UBI Market - By Geography
- North America
- Europe
- Asia Pacific (APAC)

Buy Now @ http://bit.ly/2V8VX5V

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.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact us
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.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 Automotive Usage Based Insurance Market Estimated to Flourish By 2027 - Leading Key Players Allianz, Metromile, Siera Wireless, Ingenie Service, AXA SA, TomTom Telematics here

News-ID: 1680492 • Views:

More Releases from The Insight Partners

Global Sugar-free Cookies Market Poised for Significant Growth, Propelled by Low-Carb
Global Sugar-free Cookies Market Poised for Significant Growth, Propelled by Low …
New York, US - September 26, 2025- The global market for sugar-free cookies is poised for significant growth, according to a new report from The Insight Partners, titled "Sugar-free Cookies Market - Global Analysis and Forecast." The report projects that the market is being driven by the rising demand for healthier snack options, the increasing number of consumers adopting low-carb, and the broader availability of these products through various retail
Mushroom Cultivation Market Research Covers, Future Trends and Opportunities, Past, Present Data, and Deep Analysis Forecast to 2031
Mushroom Cultivation Market Research Covers, Future Trends and Opportunities, Pa …
According to The Insight Partners Mushroom Cultivation Market report 2031, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Mushroom Cultivation Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Mushroom Cultivation Market is based on company profiles and their efforts on increasing product value
Cristobalite Market Forecast (2025-2031): Growing at 4.0% CAGR on Global Demand
Cristobalite Market Forecast (2025-2031): Growing at 4.0% CAGR on Global Demand
According to The Insight Partners - Cristobalite market is evolving dynamically, fueled by rising demand across high-performance industries. Once niche, this polymorph of silica is now gaining traction as a vital filler, functional additive, and structural component - its benefits in thermal stability, optical clarity, and chemical inertness making it indispensable in advanced sectors. From engineered stone and decorative surfaces to refractories, specialty glass, paints, and ceramics, the versatility of cristobalite
Respiratory Medical Device Professional Market: Demand, Size, Shares, Growth, Trend, Segmentation, Top Key Players, and Forecast to 2031
Respiratory Medical Device Professional Market: Demand, Size, Shares, Growth, Tr …
Respiratory Medical Device Professional Market study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. Furthermore, the Respiratory Medical Device Professional Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the

All 5 Releases


More Releases for Automotive

Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030. Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%. Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident. In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business. Get Sample Copy of this Report for more Information
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of