Usage-Based Insurance Market By Policy Type, By Technology, By Vehicle Age, By Vehicle Type : Global Opportunity Analysis and Industry Forecast, 2023-2032

Description

List of Tables

According to a new report published by Allied Market Research, titled, "Usage-Based Insurance Market," The usage-based insurance market was valued at $26.8 billion in 2022, and is estimated to reach $267.4 billion by 2032, growing at a CAGR of 26.2% from 2023 to 2032.

The global usage-based insurance market is segmented into policy type, technology, vehicle age, vehicle type and region. In terms of type, the market is fragmented into pay-as-you-drive insurance (PAYD), pay-how-you-drive insurance (PHYD), and manage-how-you-drive insurance (MHYD). Depending on technology, it is bifurcated into OBD-II-based UBI programs, smartphone-based UBI programs, hybrid-based UBI programs, and black-box-based UBI programs. As per vehicle age the market is bifurcated into new vehicles and used vehicles. In terms of vehicle type the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicle (HDV). Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the usage-based insurance market analysis are Allianz SE, Allstate Corporation, Aviva, AXA, Insurethebox, Liberty Mutual Insurance, Mapfre S.A., Nationwide Mutual Insurance Company, Progressive Corporation and UNIPOLSAI ASSICURAZIONI S.P.A. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders

The study provides an in-depth analysis of the global usage-based insurance market forecast along with the current and future trends to explain the imminent investment pockets.
Information about key drivers, restraints, and opportunities and their impact analysis on global usage-based insurance market trend is provided in the report.
The Porter's five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2023 to 2032 is provided to determine the market potential.

Additional benefits you will get with this purchase are:

Quarterly Update and* (only available with a corporate license, on listed price)
5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
Free Upcoming Version on the Purchase of Five and Enterprise User License.
16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting to 16 analyst hours to solve questions, and post-sale queries)
15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent to 3 working days of free work, applicable once)
Free data Pack on the Five and Enterprise User License. (Excel version of the report)
Free Updated report if the report is 6-12 months old or older.
24-hour priority response*
Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk to the sales executive to know more)

End user preferences and pain points
Product Life Cycles
Technology Trend Analysis
Market share analysis of players by products/segments
New Product Development/ Product Matrix of Key Players
Expanded list for Company Profiles
Market share analysis of players at global/region/country level
SWOT Analysis

Key Market Segments

By Policy Type

Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)

By Technology

OBD (On-Board Diagnostics)-II
Smartphone
Hybrid
Black Box

By Vehicle Age

New Vehicles
Used Vehicles

By Vehicle Type

Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)

By Region

North America
- U.S.
- Canada
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players:

Liberty Mutual Insurance Company
Mapfre S.A
Insurethebox
Allianz SE
Nationwide Mutual Insurance Company.
Progressive Casualty Insurance Company
Allstate Corporation
AXA
Aviva Life Insurance
UNIPOLSAI ASSICURAZIONI S.P.A

Product Code: A01414

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Low bargaining power of suppliers
- 3.3.2. Low threat of new entrants
- 3.3.3. Low threat of substitutes
- 3.3.4. Low intensity of rivalry
- 3.3.5. Low bargaining power of buyers
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Rise in adoption of usage-based insurance among end users
  - 3.4.1.2. Flexible insurance premiums
  - 3.4.1.3. Lower accident and vehicle theft possibilities
- 3.4.2. Restraints
  - 3.4.2.1. Data security issues
  - 3.4.2.2. High installation cost of telematics
- 3.4.3. Opportunities
  - 3.4.3.1. Adoption of advanced technology in UBI
  - 3.4.3.2. Increase in concerns regarding safety of drivers across the globe

CHAPTER 4: USAGE-BASED INSURANCE MARKET, BY POLICY TYPE

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Pay-As-You-Drive (PAYD)
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Pay-How-You-Drive (PHYD)
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Manage-How-You-Drive (MHYD)
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: USAGE-BASED INSURANCE MARKET, BY TECHNOLOGY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. OBD (On-Board Diagnostics)-II
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Smartphone
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Hybrid
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Black Box
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country

CHAPTER 6: USAGE-BASED INSURANCE MARKET, BY VEHICLE AGE

6.1. Overview
- 6.1.1. Market size and forecast
6.2. New Vehicles
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Used Vehicles
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: USAGE-BASED INSURANCE MARKET, BY VEHICLE TYPE

7.1. Overview
- 7.1.1. Market size and forecast
7.2. Light-Duty Vehicle (LDV)
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
7.3. Heavy-Duty Vehicle (HDV)
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country

CHAPTER 8: USAGE-BASED INSURANCE MARKET, BY REGION

8.1. Overview
- 8.1.1. Market size and forecast By Region
8.2. North America
- 8.2.1. Key market trends, growth factors and opportunities
- 8.2.2. Market size and forecast, by Policy Type
- 8.2.3. Market size and forecast, by Technology
- 8.2.4. Market size and forecast, by Vehicle Age
- 8.2.5. Market size and forecast, by Vehicle Type
- 8.2.6. Market size and forecast, by country
  - 8.2.6.1. U.S.
  - 8.2.6.1.1. Market size and forecast, by Policy Type
  - 8.2.6.1.2. Market size and forecast, by Technology
  - 8.2.6.1.3. Market size and forecast, by Vehicle Age
  - 8.2.6.1.4. Market size and forecast, by Vehicle Type
  - 8.2.6.2. Canada
  - 8.2.6.2.1. Market size and forecast, by Policy Type
  - 8.2.6.2.2. Market size and forecast, by Technology
  - 8.2.6.2.3. Market size and forecast, by Vehicle Age
  - 8.2.6.2.4. Market size and forecast, by Vehicle Type
8.3. Europe
- 8.3.1. Key market trends, growth factors and opportunities
- 8.3.2. Market size and forecast, by Policy Type
- 8.3.3. Market size and forecast, by Technology
- 8.3.4. Market size and forecast, by Vehicle Age
- 8.3.5. Market size and forecast, by Vehicle Type
- 8.3.6. Market size and forecast, by country
  - 8.3.6.1. UK
  - 8.3.6.1.1. Market size and forecast, by Policy Type
  - 8.3.6.1.2. Market size and forecast, by Technology
  - 8.3.6.1.3. Market size and forecast, by Vehicle Age
  - 8.3.6.1.4. Market size and forecast, by Vehicle Type
  - 8.3.6.2. Germany
  - 8.3.6.2.1. Market size and forecast, by Policy Type
  - 8.3.6.2.2. Market size and forecast, by Technology
  - 8.3.6.2.3. Market size and forecast, by Vehicle Age
  - 8.3.6.2.4. Market size and forecast, by Vehicle Type
  - 8.3.6.3. France
  - 8.3.6.3.1. Market size and forecast, by Policy Type
  - 8.3.6.3.2. Market size and forecast, by Technology
  - 8.3.6.3.3. Market size and forecast, by Vehicle Age
  - 8.3.6.3.4. Market size and forecast, by Vehicle Type
  - 8.3.6.4. Italy
  - 8.3.6.4.1. Market size and forecast, by Policy Type
  - 8.3.6.4.2. Market size and forecast, by Technology
  - 8.3.6.4.3. Market size and forecast, by Vehicle Age
  - 8.3.6.4.4. Market size and forecast, by Vehicle Type
  - 8.3.6.5. Spain
  - 8.3.6.5.1. Market size and forecast, by Policy Type
  - 8.3.6.5.2. Market size and forecast, by Technology
  - 8.3.6.5.3. Market size and forecast, by Vehicle Age
  - 8.3.6.5.4. Market size and forecast, by Vehicle Type
  - 8.3.6.6. Rest of Europe
  - 8.3.6.6.1. Market size and forecast, by Policy Type
  - 8.3.6.6.2. Market size and forecast, by Technology
  - 8.3.6.6.3. Market size and forecast, by Vehicle Age
  - 8.3.6.6.4. Market size and forecast, by Vehicle Type
8.4. Asia-Pacific
- 8.4.1. Key market trends, growth factors and opportunities
- 8.4.2. Market size and forecast, by Policy Type
- 8.4.3. Market size and forecast, by Technology
- 8.4.4. Market size and forecast, by Vehicle Age
- 8.4.5. Market size and forecast, by Vehicle Type
- 8.4.6. Market size and forecast, by country
  - 8.4.6.1. China
  - 8.4.6.1.1. Market size and forecast, by Policy Type
  - 8.4.6.1.2. Market size and forecast, by Technology
  - 8.4.6.1.3. Market size and forecast, by Vehicle Age
  - 8.4.6.1.4. Market size and forecast, by Vehicle Type
  - 8.4.6.2. Japan
  - 8.4.6.2.1. Market size and forecast, by Policy Type
  - 8.4.6.2.2. Market size and forecast, by Technology
  - 8.4.6.2.3. Market size and forecast, by Vehicle Age
  - 8.4.6.2.4. Market size and forecast, by Vehicle Type
  - 8.4.6.3. India
  - 8.4.6.3.1. Market size and forecast, by Policy Type
  - 8.4.6.3.2. Market size and forecast, by Technology
  - 8.4.6.3.3. Market size and forecast, by Vehicle Age
  - 8.4.6.3.4. Market size and forecast, by Vehicle Type
  - 8.4.6.4. Australia
  - 8.4.6.4.1. Market size and forecast, by Policy Type
  - 8.4.6.4.2. Market size and forecast, by Technology
  - 8.4.6.4.3. Market size and forecast, by Vehicle Age
  - 8.4.6.4.4. Market size and forecast, by Vehicle Type
  - 8.4.6.5. South Korea
  - 8.4.6.5.1. Market size and forecast, by Policy Type
  - 8.4.6.5.2. Market size and forecast, by Technology
  - 8.4.6.5.3. Market size and forecast, by Vehicle Age
  - 8.4.6.5.4. Market size and forecast, by Vehicle Type
  - 8.4.6.6. Rest of Asia-Pacific
  - 8.4.6.6.1. Market size and forecast, by Policy Type
  - 8.4.6.6.2. Market size and forecast, by Technology
  - 8.4.6.6.3. Market size and forecast, by Vehicle Age
  - 8.4.6.6.4. Market size and forecast, by Vehicle Type
8.5. LAMEA
- 8.5.1. Key market trends, growth factors and opportunities
- 8.5.2. Market size and forecast, by Policy Type
- 8.5.3. Market size and forecast, by Technology
- 8.5.4. Market size and forecast, by Vehicle Age
- 8.5.5. Market size and forecast, by Vehicle Type
- 8.5.6. Market size and forecast, by country
  - 8.5.6.1. Latin America
  - 8.5.6.1.1. Market size and forecast, by Policy Type
  - 8.5.6.1.2. Market size and forecast, by Technology
  - 8.5.6.1.3. Market size and forecast, by Vehicle Age
  - 8.5.6.1.4. Market size and forecast, by Vehicle Type
  - 8.5.6.2. Middle East
  - 8.5.6.2.1. Market size and forecast, by Policy Type
  - 8.5.6.2.2. Market size and forecast, by Technology
  - 8.5.6.2.3. Market size and forecast, by Vehicle Age
  - 8.5.6.2.4. Market size and forecast, by Vehicle Type
  - 8.5.6.3. Africa
  - 8.5.6.3.1. Market size and forecast, by Policy Type
  - 8.5.6.3.2. Market size and forecast, by Technology
  - 8.5.6.3.3. Market size and forecast, by Vehicle Age
  - 8.5.6.3.4. Market size and forecast, by Vehicle Type

CHAPTER 9: COMPETITIVE LANDSCAPE

9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022

CHAPTER 10: COMPANY PROFILES

10.1. Allianz SE
- 10.1.1. Company overview
- 10.1.2. Key executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.1.7. Key strategic moves and developments
10.2. Allstate Corporation
- 10.2.1. Company overview
- 10.2.2. Key executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.2.7. Key strategic moves and developments
10.3. Aviva Life Insurance
- 10.3.1. Company overview
- 10.3.2. Key executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Key strategic moves and developments
10.4. Insurethebox
- 10.4.1. Company overview
- 10.4.2. Key executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
10.5. Liberty Mutual Insurance Company
- 10.5.1. Company overview
- 10.5.2. Key executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.5.6. Business performance
- 10.5.7. Key strategic moves and developments
10.6. Mapfre S.A
- 10.6.1. Company overview
- 10.6.2. Key executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.6.6. Key strategic moves and developments
10.7. AXA
- 10.7.1. Company overview
- 10.7.2. Key executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.7.7. Key strategic moves and developments
10.8. Nationwide Mutual Insurance Company.
- 10.8.1. Company overview
- 10.8.2. Key executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Key strategic moves and developments
10.9. UNIPOLSAI ASSICURAZIONI S.P.A
- 10.9.1. Company overview
- 10.9.2. Key executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
10.10. Progressive Casualty Insurance Company
- 10.10.1. Company overview
- 10.10.2. Key executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance
- 10.10.7. Key strategic moves and developments