Automotive UBI (Usage-based Insurance) Market Analysis Geography Trends, Demand and Forecasts 2030 - CAGR Grow at 21.2%

The Automotive UBI (Usage-based Insurance) Market was valued at USD 31.21 billion in 2022 and is expected to reach USD 119.68 billion by 2028, growing at a CAGR of 21.2% from 2021 to 2030.

The Automotive UBI (Usage-based Insurance) Market market Industry Report provides in-depth market data and sharp insights on the market's size, growth, forecasts, and other issues. Additionally, it provides recent Automotive UBI (Usage-based Insurance) Market market statistics for the business as well as an industry viewpoint for projections through 2022. We provide resources for the benefit of executives, marketing, and sales. Product managers, consultants, analysts, and anyone looking for essential industry data in a single, easily accessible document may also obtain well-organised tables and graphs. The worldwide Automotive UBI (Usage-based Insurance) Market market is further segmented in the research study by major rivals and brands, regions, product categories, and end users. This study also looks at the potential and difficulties, distribution routes, market shares, growth rates, and competitive environments of the international market.

Market Overview:

Usage-based insurance is an insurance policy in which the policy premium is directly tied to the usage of the vehicle. This type of insurance is mainly offered in developed countries as most of the key players in the market are expanding their operations in developing countries in Asia Pacific and LAMEA. In addition, insurers use UBI programs to align an individual's driving behavior with the premiums they charge. Telematics devices-systems installed in vehicles-monitor the speed, time, and distance traveled by the vehicle, which is then transmitted to the insurance company, and insurance premiums are billed accordingly.

The Prominent Players in Automotive UBI (Usage-based Insurance) Market market:

Allianz, AXA, Progressive, Generali Group, Insure The Box Ltd, Allstate, Desjardins, Metromile, Liberty Mutual, Aviva, Admiral Group, Ageas.

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Automotive UBI (Usage-based Insurance) Market by Segmentation:

By Type
• Pay-as-you-drive (PAYD)
• Pay-how-you-drive (PHYD)
• Manage-how-you-drive (MHYD)

By Technology
• OBD-II-based UBI programs
• Smartphone-based UBI programs
• Hybrid-based UBI programs
• Black-box-based UBI programs

By Vehicle Age
• New Vehicles
• Used Vehicles

Reasons to Purchase This Report:
The updated research, available as an extract, also includes the option to acquire premium features that cover extensive historical, present, and future data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and, region, and, as a result, provides a holistic view of, as well as a deep insight into the Automotive UBI (Usage-based Insurance) Market market covering all its essential aspects.

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Regional Insights:

The usage-based insurance market was dominated by North America in 2019 and is expected to maintain its position during the forecast period. This is thanks to agile driving, roadside assistance and stolen vehicle recovery. However, Asia Pacific is expected to witness significant growth over the forecast period owing to consumer awareness and targeting market key players in developing countries of Asia Pacific.

Following Chapter Covered in the Automotive UBI (Usage-based Insurance) Market Market Research:

Chapter 1- Provides an overview of Automotive UBI (Usage-based Insurance) Market market, containing global revenue and CAGR. The forecast and analysis of Automotive UBI (Usage-based Insurance) Market market by type, application, and region are also presented in this chapter.
Chapter 2- Describes the market environment and major players. It provides basic information of these players along with competitive situation and market concentration status.
Chapter 3- Introduces the industrial chain of Automotive UBI (Usage-based Insurance) Market. In this chapter, industrial chain analysis, raw materials (suppliers, price, supply and demand, market concentration rate), and downstream buyers are analysed.
Chapter 4- Concentrates on manufacturing analysis, including cost structure analysis and process analysis, constituting a comprehensive analysis of manufacturing cost.
Chapter 5- Provides clear insights on market dynamics, impact of COVID-19 on industries, and analysis of consumer behaviour.
Chapter 6- Provides a full-scale analysis of major players in Automotive UBI (Usage-based Insurance) Market industry. Basic information is provided as well as profile, applications, and specifications of product market performance along with business overview.
Chapter 7- Pays attention to the sales, revenue, price, and gross margin of Automotive UBI (Usage-based Insurance) Market in different geographical markets. This part covers the analysis of sales, revenue, price, and gross margin in the global market.
Chapter 8- Gives a worldwide view of the market Automotive UBI (Usage-based Insurance) Market. It includes sales, revenue, price, market share, and growth rate by type.
Chapter 9- Focuses on the application of Automotive UBI (Usage-based Insurance) Market, by analysing the consumption and growth rate of each application.
Chapter 10- Forecasts the entire Automotive UBI (Usage-based Insurance) Market market, including global sales and revenue forecasts, as well as regional forecasts. It also foresees the Automotive UBI (Usage-based Insurance) Market market by type and application.

• Historical Years: 2017-2021
• Base Year: 2022
• Estimated Year: 2022
• Forecast Period: 2023-2030

FAQs:
1) What Is the Industry's Current Market Situation?
2) What is the level of market competition in this sector, both regionally and nationally?
3) What is Market Analysis of the Market Considering Applications and Types?
4) What Will the Supply, Consumption, and Market Share Be?
5) What Does Upstream Raw Material and Downstream Industry Market Chain Analysis?

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Anna B. (Head Of sales) | Contrive Datum Insights
Contact No- IND: +91 9834816757 / CANADA: +1 2152974078
anna@contrivedatuminsights.com

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