Market Analysis and Insights: Global Usage-Based Insurance Market
The global Usage-Based Insurance market size is projected to reach US$ XX million by 2027, from US$ XX million in 2021, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Usage-Based Insurance market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Usage-Based Insurance market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Usage-Based Insurance market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Usage-Based Insurance market.
Global Usage-Based Insurance Scope and Market Size
Download FREE Report Sample
Download Free sampleUsage-based insurance (UBI) also known as pay as you drive (PAYD) and pay how you drive (PHYD) and mile-based auto insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
Usage-Based Insurance Market contains market size and forecasts of Usage-Based Insurance in Global, including the following market information:
Global Usage-Based Insurance Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Usage-Based Insurance market was valued at 41150 million in 2021 and is projected to reach US$ 113980 million by 2028, at a CAGR of 15.7% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Pay-As-You-Drive Insurance Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Usage-Based Insurance include MetroMile, Progressive, Allstate, Nationwide, Esurance, Safeco, Travellers, Liberty Mutual Insurance and AIOI and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Usage-Based Insurance companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Usage-Based Insurance Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Usage-Based Insurance Market Segment Percentages, by Type, 2021 (%)
Pay-As-You-Drive Insurance
Pay-How-You-Drive Insurance
Distance Based Insurance
Pay-As-You-Go Insurance
Global Usage-Based Insurance Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Usage-Based Insurance Market Segment Percentages, by Application, 2021 (%)
Men
Women
Global Usage-Based Insurance Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Usage-Based Insurance Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Usage-Based Insurance revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Usage-Based Insurance revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
MetroMile
Progressive
Allstate
Nationwide
Esurance
Safeco
Travellers
Liberty Mutual Insurance
AIOI
QBE
The information for each competitor/Company Profile includes:
Key Indicators Analysed:
The content of the study subjects includes a total of 15 chapters:
Chapter 1, describes Usage-Based Insurance product scope, market overview, market opportunities, market driving force, and market risks.
Chapter 2, profiles the top manufacturers of Usage-Based Insurance, with price, sales, revenue, and global market share of Usage-Based Insurance from 2019 to 2022.
Chapter 3, the Usage-Based Insurance competitive situation, sales, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Usage-Based Insurance breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2017 to 2028.
Chapters 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, and application, from 2017 to 2028.
Chapters 7, 8, 9, 10, and 11, to break the sales data at the country level, with sales, revenue, and market share for key countries in the world, from 2017 to 2022. and the Usage-Based Insurance market forecast, by regions, type, and application, with sales and revenue, from 2023 to 2028.
Chapter 12, the key raw materials and key suppliers, and industry chain of Usage-Based Insurance.
Chapter 13, 14, and 15, to describe Usage-Based Insurance sales channel, distributors, customers, research findings and conclusion, appendix and data source.
Reasons to Purchase this Report:
Research Methodology:
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Speak to our Custom Research Team and get the Custom Research in a budget
Custom ResearchFrequently Asked Questions ?
A license granted to one user. Rules or conditions might be applied for e.g. the use of electric files (PDFs) or printings, depending on product.
A license granted to multiple users.
A license granted to a single business site/establishment.
A license granted to all employees within organisation access to the product.
Upto Working 24 to 48 hrs
Upto 72 hrs max - Weekends and Public Holidays
Online Payments with PayPal and CCavenue
Wire Transfer/Bank Transfer
Hard Copy
Industry Market SizeSWOT AnalysisIndustry Major PlayersRevenue ForecastsHistorical and Forecast GrowthProfitability Analysis
