VynZ Research provides market overview of the current environment as well as the industry’s future growth in the Global Automotive Usage-Based Insurance (UBI) market. It uses data from annual reports, product literature, industry developments, and other sources to conduct a quantitative market study. The future growth prospects of the industry are based on a rapid quantitative and qualitative assessment of data from various sources.
The Global Automotive Usage-Based Insurance (UBI) market is projected to reach USD 95.7 billion by 2027, witnessing a CAGR of 18.8 % during the forecast period 2022-2027.
To assist companies in developing their business plans, the research examines the major factors influencing the growth of the Global Automotive Usage-Based Insurance (UBI) market, also including Drivers, Constraints, Governmental Policies, Opportunities, Challenges, a Constructive Approach, and Market Economic Expansion Strategies.
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The influence of recent market disruptions such as the Russia-Ukraine war and Covid-19 on the market will be examined in this research report.
Segments Defined:
The research report divides the market into segments based on geography, by Technology Insight and Package Type Insight During the forecast period of 2022 to 2027, each category gives data on production and consumption. Understanding the segments aids in determining the importance of various market growth variables.
Market segmentation:
Technology Insight
Black Box
OBD-II
Embedded
Smartphone
Others
Package Type Insight
Pay-How-You-Drive (PHYD)
Pay-As-You-Drive (PAYD)
Manage-How-You-Drive (MHYD)
Vehicle Type Insight
Heavy-duty Vehicle (HDV)
Light-duty Vehicle (LDV)
Device Offering Insight
Company Provided
Bring Your Own Device (BYOD)
Vehicle Age Insight
On-Road Vehicle
New Vehicle
Electric & Hybrid Vehicle Insight
Hybrid Electric Vehicle (HEV)
Plug-in Hybrid Vehicle (PHEV)
Battery Electric Vehicle (BEV)
Region and Country Specific Defined:
Thorough research of certain regions and their related countries is conducted to guarantee that the comprehensive detailing of the Global Automotive Usage-Based Insurance (UBI) market’s footprint and sales demographics are captured with accuracy, allowing users to make the most of this data.
Competitive Scenario:
In order to obtain essential and critical industry data, the records of major market participants are analyzed. It provides vital information and status on industry players, as well as serves a useful source of advice for businesses and organizations. Porter’s Five Forces analysis, SWOT analysis, PEST analysis, competitor landscape, development trends, and strategy analysis, are all covered in depth in the ” Global Automotive Usage-Based Insurance (UBI) market ” research. Major breakthroughs, developments, mergers and acquisitions, and agreements with other important organizations have all been investigated.
Top players are:
UnipolSai Assicurazioni S.p.A
Danlaw
Assicurazioni Generali S.P.A
Allianz SE
Mapfre
S.A
Desjardins Group
Octo Technology Nationwide
Cambridge Mobile Telematics
Liberty Mutual Insurance
Progressive Casualty Insurance Company
Allstate Insurance Company
Intelligent Mechatronic Systems Inc.
Vodafone Automotive S.p.A
State Farm Mutual Automobile Insurance Company
Metromile Inc.
AXA
TomTom International BV
Sierra Wireless
Zubie, Inc.
Insure The Box Limited
FAQ
What are the trends and market dynamics along with market size and growth rate of the Global Automotive Usage-Based Insurance (UBI) market during the forecast period?
What is the future impact of the Global Automotive Usage-Based Insurance (UBI) market and limits on the market?
What regions currently contribute the maximum share to the global market?
How the changed competitive dynamics can influence the Global Automotive Usage-Based Insurance (UBI) market?
Who are the industry players in the Global Automotive Usage-Based Insurance (UBI) market and what strategies are adopted by them to sustain in the market?
About Us:
VynZ Research is a global market research firm offering research, analytics, and consulting services on business strategies. VynZ Research has a recognized trajectory record and our research database is used by many renowned companies and institutions in the world to strategize and revolutionize business opportunities. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies.
