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Usage-based Insurance Market by Package Type (Manage-How-You-Drive, Pay-As-You-Drive, Pay-How-You-Drive), Technology (Black Box, Embedded System, OBD-II) - Global Forecast 2023-2030

Publisher 360iResearch
Published Oct 04, 2023
Length 189 Pages
SKU # IRE18322355

Description

Usage-based Insurance Market by Package Type (Manage-How-You-Drive, Pay-As-You-Drive, Pay-How-You-Drive), Technology (Black Box, Embedded System, OBD-II) - Global Forecast 2023-2030


The Usage-based Insurance Market size was estimated at USD 52.25 billion in 2022 and expected to reach USD 61.68 billion in 2023, at a CAGR 18.18% to reach USD 198.87 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Usage-based Insurance Market.
  • Based on Package Type, market is studied across Manage-How-You-Drive, Pay-As-You-Drive, and Pay-How-You-Drive. The Pay-As-You-Drive is projected to witness significant market share during forecast period.
  • Based on Technology, market is studied across Black Box, Embedded System, OBD-II, and Smartphone. The Black Box is projected to witness significant market share during forecast period.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.75% in 2022, followed by Europe, Middle East & Africa.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Usage-based Insurance Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Usage-based Insurance Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Usage-based Insurance Market, highlighting leading vendors and their innovative profiles. These include Allianz SE, Allstate Corporation, Amica Mutual Insurance Company, Assicurazioni Generali SpA, AXA SA, Cambridge Mobile Telematics, Liberty Mutual Group, Mapfre, Metromile Inc., Modus Group, LLC, Nationwide Mutual Insurance Company, Octo Group S.p.A., Progressive Corporation, Sierra Wireless, The Floow Limited, UnipolSai Assicurazioni S.P.A., and ZUBIE, Inc..

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Usage-based Insurance Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Usage-based Insurance Market?
  3. What is the competitive strategic window for identifying opportunities in the Usage-based Insurance Market?
  4. What are the latest technology trends and regulatory frameworks in the Usage-based Insurance Market?
  5. What is the market share of the leading vendors in the Usage-based Insurance Market?
  6. Which modes and strategic moves are suitable for entering the Usage-based Insurance Market?


Note: PDF & Excel + Online Access - 1 Year

Table of Contents

189 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Usage-based Insurance Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Lower insurance premium compared to regular insurance
5.1.1.2. Government regulations on telematics
5.1.1.3. High adoption of connected car services and growing on-road vehicles
5.1.2. Restraints
5.1.2.1. Added surcharges and accuracy issues
5.1.3. Opportunities
5.1.3.1. Adoption of advance technology such as smartphone-based UBI & hybrid-based UBI
5.1.3.2. Increase in concerns regarding driver’s safety across the globe
5.1.4. Challenges
5.1.4.1. Various data security issues
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Usage-based Insurance Market, by Package Type
6.1. Introduction
6.2. Manage-How-You-Drive
6.3. Pay-As-You-Drive
6.4. Pay-How-You-Drive
7. Usage-based Insurance Market, by Technology
7.1. Introduction
7.2. Black Box
7.3. Embedded System
7.4. OBD-II
7.5. Smartphone
8. Americas Usage-based Insurance Market
8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States
9. Asia-Pacific Usage-based Insurance Market
9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam
10. Europe, Middle East & Africa Usage-based Insurance Market
10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom
11. Competitive Landscape
11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
12. Competitive Portfolio
12.1. Key Company Profiles
12.1.1. Allianz SE
12.1.2. Allstate Corporation
12.1.3. Amica Mutual Insurance Company
12.1.4. Assicurazioni Generali SpA
12.1.5. AXA SA
12.1.6. Cambridge Mobile Telematics
12.1.7. Liberty Mutual Group
12.1.8. Mapfre
12.1.9. Metromile Inc.
12.1.10. Modus Group, LLC
12.1.11. Nationwide Mutual Insurance Company
12.1.12. Octo Group S.p.A.
12.1.13. Progressive Corporation
12.1.14. Sierra Wireless
12.1.15. The Floow Limited
12.1.16. UnipolSai Assicurazioni S.P.A.
12.1.17. ZUBIE, Inc.
12.2. Key Product Portfolio
13. Appendix
13.1. Discussion Guide
13.2. License & Pricing

Pricing

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