The Impact of COVID-19 is included in Usage-Based Insurance for Automotive Market Report. Buy it today to get an advantage.
Request the impact of COVID-19 on your product or industry
Usage-Based Insurance for Automotive Trends and forecast
The future of the global usage-based insurance for automotive market looks promising with opportunities in the new vehicle and old vehicle markets. The global usage-based insurance for automotive market is expected to grow with a CAGR of 19.0% from 2024 to 2030. The major drivers for this market are growing acceptance of usage-based insurance due to its advantages over traditional insurance, such as having a cheaper premium and growing customer preference for cars, a rise in the number of pre-equipped telematics cars sold, and government safety restrictions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Usage-Based Insurance for Automotive by Segment
The study includes a forecast for the global usage-based insurance for automotive by package type, vehicle type, vehicle usage, electric vehicle type, and region.
Usage-Based Insurance for Automotive Market by Package Type [Shipment Analysis by Value from 2018 to 2030]:
• Pay-As-You-Drive
• Pay-How-You-Drive
• Manage-How-You-Drive
Usage-Based Insurance for Automotive Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Light-Duty Vehicle
• Heavy-Duty Vehicle
Usage-Based Insurance for Automotive Market by Vehicle Usage [Shipment Analysis by Value from 2018 to 2030]:
• New Vehicle
• Old Vehicle
Usage-Based Insurance for Automotive Market by Electric Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Battery Electric Vehicle
• Plug-In Hybrid Vehicle
• Fuel-Cell Electric Vehicle
Usage-Based Insurance for Automotive Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Usage-Based Insurance for Automotive Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies usage-based insurance for automotive companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the usage-based insurance for automotive companies profiled in this report include-
• Unipolsai Assicurazioni
• Progressive Casualty
• Allstate
• State Farm Automobile Mutual Insurance
• Liberty Mutual Insurance
Usage-Based Insurance for Automotive Market Insights
Lucintel forecasts that pay-how-you-drive is expected to witness highest growth over the forecast period due to more sophisticated telematics programs.
Within this market, new vehicle is expected to witness highest growth over the forecast period due to growing in demand for security is driving the ubi program.
APAC is expected to witness highest growth over the forecast period due to peak levels of vehicle ownership rates.
Features of the Global Usage-Based Insurance for Automotive Market
Market Size Estimates: Usage-based insurance for automotive market size estimation in terms of value ($B).
Trend and forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Usage-based insurance for automotive market size by various segments, such as by package type, vehicle type, vehicle usage, electric vehicle type, and region in terms of value ($B).
Regional Analysis: Usage-based insurance for automotive market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different package type, vehicle type, vehicle usage, electric vehicle type, and regions for the usage-based insurance for automotive market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the usage-based insurance for automotive market.
Analysis of competitive intensity of the industry based on Porter’s Five forces model.
FAQ
Q1. What is the growth forecast for usage-based insurance for automotive market?
Answer: The global usage-based insurance for automotive market is expected to grow with a CAGR of 19.0% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the usage-based insurance for automotive market?
Answer: The major drivers for this market are growing acceptance of usage-based insurance due to its advantages over traditional insurance, such as having a cheaper premium and growing customer preference for cars, a rise in the number of pre-equipped telematics cars sold, and government safety restrictions.
Q3. What are the major segments for usage-based insurance for automotive market?
Answer: The future of the usage-based insurance for automotive market looks promising with opportunities in the new vehicle and old vehicle markets.
Q4. Who are the key usage-based insurance for automotive market companies?
Answer: Some of the key usage-based insurance for automotive companies are as follows:
• Unipolsai Assicurazioni
• Progressive Casualty
• Allstate
• State Farm Automobile Mutual Insurance
• Liberty Mutual Insurance
Q5. Which usage-based insurance for automotive market segment will be the largest in future?
Answer: Lucintel forecasts that pay-how-you-drive is expected to witness highest growth over the forecast period due to more sophisticated telematics programs.
Q6. In usage-based insurance for automotive market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to peak levels of vehicle ownership rates.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the usage-based insurance for automotive market by package type (pay-as-you-drive, pay-how-you-drive, and manage-how-you-drive), vehicle type (light-duty vehicle and heavy-duty vehicle), vehicle usage (new vehicle and old vehicle), electric vehicle type (battery electric vehicle, plug-in hybrid vehicle, and fuel-cell electric vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Usage-Based Insurance For Automotive Market, Usage-Based Insurance For Automotive Market Size, Usage-Based Insurance For Automotive Market Growth, Usage-Based Insurance For Automotive Market Analysis, Usage-Based Insurance For Automotive Market Report, Usage-Based Insurance For Automotive Market Share, Usage-Based Insurance For Automotive Market Trends, Usage-Based Insurance For Automotive Market Forecast, Usage-Based Insurance For Automotive Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Usage-Based Insurance for Automotive Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and forecast (2024-2030)
3.2. Global Usage-Based Insurance for Automotive Market Trends (2018-2023) and forecast (2024-2030)
3.3: Global Usage-Based Insurance for Automotive Market by Package Type
3.3.1: Pay-As-You-Drive
3.3.2: Pay-How-You-Drive
3.3.3: Manage-How-You-Drive
3.4: Global Usage-Based Insurance for Automotive Market by Vehicle Type
3.4.1: Light-duty Vehicle
3.4.2: Heavy-duty Vehicle
3.5: Global Usage-Based Insurance for Automotive Market by Vehicle Usage
3.5.1: New Vehicle
3.5.2: Old Vehicle
3.6: Global Usage-Based Insurance for Automotive Market by Electric Vehicle Type
3.6.1: Battery Electric Vehicle
3.6.2: Plug-in Hybrid Vehicle
3.6.3: Fuel-cell Electric Vehicle
4. Market Trends and forecast Analysis by Region from 2018 to 2030
4.1: Global Usage-Based Insurance for Automotive Market by Region
4.2: North American Usage-Based Insurance for Automotive Market
4.2.2: North American Usage-Based Insurance for Automotive Market by Vehicle Usage: New Vehicle and Old Vehicle
4.3: European Usage-Based Insurance for Automotive Market
4.3.1: European Usage-Based Insurance for Automotive Market by Package Type: Pay-As-You-Drive, Pay-How-You-Drive, and Manage-How-You-Drive
4.3.2: European Usage-Based Insurance for Automotive Market by Vehicle Usage: New Vehicle and Old Vehicle
4.4: APAC Usage-Based Insurance for Automotive Market
4.4.1: APAC Usage-Based Insurance for Automotive Market by Package Type: Pay-As-You-Drive, Pay-How-You-Drive, and Manage-How-You-Drive
4.4.2: APAC Usage-Based Insurance for Automotive Market by Vehicle Usage: New Vehicle and Old Vehicle
4.5: ROW Usage-Based Insurance for Automotive Market
4.5.1: ROW Usage-Based Insurance for Automotive Market by Package Type: Pay-As-You-Drive, Pay-How-You-Drive, and Manage-How-You-Drive
4.5.2: ROW Usage-Based Insurance for Automotive Market by Vehicle Usage: New Vehicle and Old Vehicle
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Usage-Based Insurance for Automotive Market by Package Type
6.1.2: Growth Opportunities for the Global Usage-Based Insurance for Automotive Market by Vehicle Type
6.1.3: Growth Opportunities for the Global Usage-Based Insurance for Automotive Market by Vehicle Usage
6.1.4: Growth Opportunities for the Global Usage-Based Insurance for Automotive Market by Electric Vehicle Type
6.1.5: Growth Opportunities for the Global Usage-Based Insurance for Automotive Market by Region
6.2: Emerging Trends in the Global Usage-Based Insurance for Automotive Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Usage-Based Insurance for Automotive Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Usage-Based Insurance for Automotive Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: UnipolSai Assicurazioni
7.2: Progressive Casualty
7.3: Allstate
7.4: State Farm Automobile Mutual Insurance
7.5: Liberty Mutual Insurance
.
Buy full report or by chapter as follows
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
Please sign in below to get report brochure - Usage-Based Insurance for Automotive Market Report.