Usage-Based Insurance Market Industry 2020-2026: Key Companies Analysis with Market Opportunities | Top Players-Mechatronic Systems Inc., Insure The Box Limited, Progressive Casualty Insurance Company, Inseego Corp, The Floow Limited, Vodafone Group
This Usage-Based Insurance Market research report offers you an array of insights about Automotive industry and business solutions that will support to stay ahead of the competition. Systematic investment analysis is also underlined in this Usage-Based Insurance Market report which forecasts impending opportunities for the market players.This market report is the outcome of persistent efforts lead by knowledgeable forecasters, innovative analysts and brilliant researchers who carries out detailed and diligent research on different markets, trends and emerging opportunities in the consecutive direction for the business needs. This report analyses the Automotive industry from top to bottom by considering a myriad of aspects.Strategically analyzed facts and figures of the market and keen business insights covered in this Usage-Based Insurance Market report would be a key aspect in achieving enduring business growth. The insights provided in this Usage-Based Insurance Market market research report are based upon SWOT analysis on which businesses can rely confidently. The analysis and estimations conducted via this report help to get an idea about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Europe usage-based insurance market is expected to register with the healthy CAGR in the forecast period of 2019 to 2026.
As name suggested usage based insurance is calculated by how corresponding vehicle is driven. In other words, usage based insurance is a kind of auto-insurance which totally depends on vehicle used, measured against time, distance, behaviour, place and others. These all usages can be measure using telematics technology; the technology is available in from of mobile application, pre-installed in the car's network or it can be installed in USB port of the vehicle. Usage based insurance and telematics technology has wide range of benefits such as reverse gear indication, tracking of speeding, seat belt use, harsh braking, acceleration control, driver coaching by voice and others. These all benefits have potential to reduce road accidents.
Europe Usage-Based Insurance Market By Packaging Type (Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)), Vehicle Type (Light-Duty Vehicle (LDV), Heavy-Duty Vehicles (HDV)), Device Offering (Company Provided, Bring Your Own Device), Technology (OBD-II, Smartphone, Embedded System, Black Box and Others), Vehicle Age (New Vehicles, On-Road Vehicles), Electric and Hybrid Vehicle (Hybrid Electric Vehicle (HEV), Plug-In Hybrid Vehicle (PHEV), Battery Electric Vehicle (BEV)), Country (U.K., Germany, France, Italy, Spain, Turkey, Russia, Belgium, Netherlands, Switzerland and Rest of Europe) - Industry Trends and Forecast to 2026
Segmentation: Europe Usage-Based Insurance Market
Europe usage-based insurance market is segmented into six notable segments which are package type, vehicle type, device offering, technology, vehicle age and electric & hybrid vehicle.
o On the basis of package type the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD)
o On the basis of vehicle type the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicles (HDV)
o On the basis of device offering the market is segmented into company provided and brings your own device
o On the basis of technology the market is segmented into OBD-II, smartphone, embedded system, black box and others.
o On the basis of vehicle age the market is segmented into new vehicles and on-road vehicles
o On the basis of electric and hybrid vehicle the market is segmented into hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV) and battery electric vehicle (BEV)
Competitive Analysis: Europe Usage-Based Insurance Market
Some of the prominent participants operating in this market are Mechatronic Systems Inc., Insure The Box Limited, Progressive Casualty Insurance Company, Inseego Corp, The Floow Limited, Vodafone Group, Allstate Insurance Company, Octo Group, TomTom International BV, Allianz, AXA, Equitable Life Life & Casualty Insurance Company, Liberty Mutual Insurance, Verizon, Sierra Wireless, , Mapfre, Viasat S.p.A., ASSICURAZIONI GENERALI S.P.A., , and UNIPOLSAI ASSICURAZIONI S.P.A. among others.
Product Launches
o In September 2018, Allstate launched a product for life insurance which will pay on monthly basis rather than lump sum amount. This is consumer driven product which will help the company to cover more market share and to aware the people about life insurance
o In September 2018, Progressive Casualty Insurance Company has introduced ELD Usage-Based Insurance Program for Commercial Truck Drivers. This launch extended the company's service portfolio
o In September 2017, Vantage solution was launched to improve glimpse solution by adding tag sensor. This improved the overall quality of data by integrating smartphone and tags at a single platform
Revealing the Competitive scenario
In today's competitive world you need to think one step ahead to chase your competitors, our research offers reviews about key players, major collaborations, merger & acquisitions along with trending innovation and business policies to present better insights to drive the business into right direction
Key Segmentation: Usage-Based Insurance Market
Regional Outlook
North America (US, Canada, Mexico)
South America (Brazil, Argentina, rest of south America)
Asia and Pacific region (Japan, china, India, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, etc)
Middle east and Africa (UAE, Saudi Arabia, Oman, etc)
Europe (Germany, Italy, U.K, France, Spain, Netherlands, Belgium, Switzerland, Russia, etc)
Rapid Business Growth Factors
In addition, the market is growing at a fast pace and the report shows us that there are a couple of key factors behind that. The most important factor that's helping the market grow faster than usual is the tough competition.
Research strategies and tools used of Usage-Based Insurance Market:
This Usage-Based Insurance Market research report helps the readers to know about the overall market scenario, strategy to further decide on this market project. It utilizes SWOT analysis, Porter's Five Forces Analysis and PEST analysis.
Key Points of this Report:
The depth industry chain include analysis value chain analysis, porter five forces model analysis and cost structure analysis
The report covers North America and country-wise market of Usage-Based Insurance Market
It describes present situation, historical background and future forecast
Comprehensive data showing Usage-Based Insurance Market capacities, production, consumption, trade statistics, and prices in the recent years are provided
The report indicates a wealth of information on Usage-Based Insurance Market manufacturer
Usage-Based Insurance Market forecast for next five years, including market volumes and prices is also provided
Raw Material Supply and Downstream Consumer Information is also included
Any other user's requirements which is feasible for us
Some extract from Table of Contents
Overview of Usage-Based Insurance Market
Usage-Based Insurance Market Size (Sales Volume) Comparison by Type
Usage-Based Insurance Market Size (Consumption) and Market Share Comparison by Application
Usage-Based Insurance Market Size (Value) Comparison by Region
Usage-Based Insurance Market Sales, Revenue and Growth Rate
Usage-Based Insurance Market Competitive Situation and Trends
Strategic proposal for estimating availability of core business segments
Players/Suppliers, Sales Area
Analyze competitors, including all important parameters of Usage-Based Insurance Market
Usage-Based Insurance Market Manufacturing Cost Analysis
The most recent innovative headway and supply chain pattern mapping
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe, MEA or Asia Pacific.
Free Table Of Contents Is Available Here@ https://www.databridgemarketresearch.com/toc/?dbmr=europe-usage-based-insurance-market
Why Is Data Triangulation Important In Qualitative Research?
This involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. Triangulation is one method used while reviewing, synthesizing and interpreting field data. Data triangulation has been advocated as a methodological technique not only to enhance the validity of the research findings but also to achieve 'completeness' and 'confirmation' of data using multiple methods
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