Usage-Based Insurance Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
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CHAPTER 1. Industry Overview of Usage-based Insurance Market
1.1. Definition and Scope
1.1.1. Definition of Usage-based Insurance
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Usage-based Insurance Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Usage-based Insurance Market By Policy Type
1.2.3. Usage-based Insurance Market By Vehicle Age
1.2.4. Usage-based Insurance Market By Device Type
1.2.5. Usage-based Insurance Market By Vehicle Type
1.2.6. Usage-based Insurance Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Usage-based Insurance Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Usage-based Insurance Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Cost Structure Analysis
3.8.1. Price Trend of Key Raw Materials
3.8.2. Raw Material Suppliers
3.8.3. Proportion of Manufacturing Cost Structure
3.8.3.1. Raw Material
3.8.3.2. Labor Cost
3.8.3.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Usage-based Insurance Market By Policy Type
5.1. Introduction
5.2. Usage-based Insurance Revenue By Policy Type
5.2.1. Usage-based Insurance Revenue (USD Billion) and Forecast, By Policy Type, 2020-2032
5.2.2. Manage-How-You-Drive (MHYD)
5.2.2.1. Manage-How-You-Drive (MHYD) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Pay-As-You-Drive (PAYD)
5.2.3.1. Pay-As-You-Drive (PAYD) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Pay-How-You-Drive (PHYD)
5.2.4.1. Pay-How-You-Drive (PHYD) Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Usage-based Insurance Market By Vehicle Age
6.1. Introduction
6.2. Usage-based Insurance Revenue By Vehicle Age
6.2.1. Usage-based Insurance Revenue (USD Billion) and Forecast, By Vehicle Age, 2020-2032
6.2.2. Used Vehicles
6.2.2.1. Used Vehicles Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. New Vehicles
6.2.3.1. New Vehicles Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. Usage-based Insurance Market By Device Type
7.1. Introduction
7.2. Usage-based Insurance Revenue By Device Type
7.2.1. Usage-based Insurance Revenue (USD Billion) and Forecast, By Device Type, 2020-2032
7.2.2. OBD (On-Board Diagnostics)-II
7.2.2.1. OBD (On-Board Diagnostics)-II Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.3. Black Box
7.2.3.1. Black Box Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.4. Smartphone
7.2.4.1. Smartphone Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.5. Hybrid
7.2.5.1. Hybrid Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
7.2.6. Others
7.2.6.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 8. Usage-based Insurance Market By Vehicle Type
8.1. Introduction
8.2. Usage-based Insurance Revenue By Vehicle Type
8.2.1. Usage-based Insurance Revenue (USD Billion) and Forecast, By Vehicle Type, 2020-2032
8.2.2. Commercial
8.2.2.1. Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
8.2.3. Passenger
8.2.3.1. Passenger Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 9. North America Usage-based Insurance Market By Country
9.1. North America Usage-based Insurance Market Overview
9.2. U.S.
9.2.1. U.S. Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
9.2.2. U.S. Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
9.2.3. U.S. Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
9.2.4. U.S. Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
9.3. Canada
9.3.1. Canada Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
9.3.2. Canada Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
9.3.3. Canada Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
9.3.4. Canada Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
9.4. North America PEST Analysis
CHAPTER 10. Europe Usage-based Insurance Market By Country
10.1. Europe Usage-based Insurance Market Overview
10.2. U.K.
10.2.1. U.K. Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
10.2.2. U.K. Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
10.2.3. U.K. Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
10.2.4. U.K. Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
10.3. Germany
10.3.1. Germany Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
10.3.2. Germany Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
10.3.3. Germany Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
10.3.4. Germany Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
10.4. France
10.4.1. France Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
10.4.2. France Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
10.4.3. France Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
10.4.4. France Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
10.5. Spain
10.5.1. Spain Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
10.5.2. Spain Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
10.5.3. Spain Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
10.5.4. Spain Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
10.6. Rest of Europe
10.6.1. Rest of Europe Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
10.6.2. Rest of Europe Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
10.6.3. Rest of Europe Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
10.6.4. Rest of Europe Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
10.7. Europe PEST Analysis
CHAPTER 11. Asia Pacific Usage-based Insurance Market By Country
11.1. Asia Pacific Usage-based Insurance Market Overview
11.2. China
11.2.1. China Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
11.2.2. China Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
11.2.3. China Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
11.2.4. China Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
11.3. Japan
11.3.1. Japan Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
11.3.2. Japan Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
11.3.3. Japan Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
11.3.4. Japan Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
11.4. India
11.4.1. India Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
11.4.2. India Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
11.4.3. India Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
11.4.4. India Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
11.5. Australia
11.5.1. Australia Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
11.5.2. Australia Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
11.5.3. Australia Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
11.5.4. Australia Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
11.6. South Korea
11.6.1. South Korea Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
11.6.2. South Korea Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
11.6.3. South Korea Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
11.6.4. South Korea Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
11.7. Rest of Asia-Pacific
11.7.1. Rest of Asia-Pacific Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
11.7.2. Rest of Asia-Pacific Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
11.7.3. Rest of Asia-Pacific Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
11.7.4. Rest of Asia-Pacific Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
11.8. Asia Pacific PEST Analysis
CHAPTER 12. Latin America Usage-based Insurance Market By Country
12.1. Latin America Usage-based Insurance Market Overview
12.2. Brazil
12.2.1. Brazil Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
12.2.2. Brazil Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
12.2.3. Brazil Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
12.2.4. Brazil Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
12.3. Mexico
12.3.1. Mexico Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
12.3.2. Mexico Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
12.3.3. Mexico Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
12.3.4. Mexico Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
12.4. Rest of Latin America
12.4.1. Rest of Latin America Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
12.4.2. Rest of Latin America Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
12.4.3. Rest of Latin America Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
12.4.4. Rest of Latin America Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
12.5. Latin America PEST Analysis
CHAPTER 13. Middle East & Africa Usage-based Insurance Market By Country
13.1. Middle East & Africa Usage-based Insurance Market Overview
13.2. GCC
13.2.1. GCC Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
13.2.2. GCC Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
13.2.3. GCC Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
13.2.4. GCC Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
13.3. South Africa
13.3.1. South Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
13.3.2. South Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
13.3.3. South Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
13.3.4. South Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
13.4. Rest of Middle East & Africa
13.4.1. Rest of Middle East & Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Policy Type, 2020-2032
13.4.2. Rest of Middle East & Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Age, 2020-2032
13.4.3. Rest of Middle East & Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Device Type, 2020-2032
13.4.4. Rest of Middle East & Africa Usage-based Insurance Revenue (USD Billion) and Forecast By Vehicle Type, 2020-2032
13.5. Middle East & Africa PEST Analysis
CHAPTER 14. Player Analysis Of Usage-based Insurance Market
14.1. Usage-based Insurance Market Company Share Analysis
14.2. Competition Matrix
14.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
14.2.2. New Product Launches and Product Enhancements
14.2.3. Mergers And Acquisition In Global Usage-based Insurance Market
14.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 15. Company Profile
15.1. Progressive Corporation
15.1.1. Company Snapshot
15.1.2. Business Overview
15.1.3. Financial Overview
15.1.3.1. Revenue (USD Billion), 2022
15.1.3.2. Progressive Corporation 2022 Usage-based Insurance Business Regional Distribution
15.1.4. Product /Service and Specification
15.1.5. Recent Developments & Business Strategy
15.2. AllState Insurance Company
15.3. Axa
15.4. The AA
15.5. Allianz
15.6. Uniqa
15.7. Generali
15.8. MAIF
15.9. Groupama
15.10. Aviva
15.11. Uniposai
15.12. Insure the Box
15.13. State Farm
15.14. Liberty Mutual
Frequently Asked Questions
How big is the usage-based insurance market?
The market size of usage-based insurance was USD 25.3 Billion in 2022.
What is the CAGR of the global usage-based insurance market from 2023 to 2032?
The CAGR of usage-based insurance is 26.7% during the analysis period of 2023 to 2032.
Which are the key players in the usage-based insurance market?
The key players operating in the global market are including Progressive, AllState Insurance Company, Axa, The AA, Allianz, Uniqa, Generali, MAIF, Groupama, Aviva, Uniposai, Insure the Box, State Farm, and Liberty Mutual.
Which region dominated the global usage-based insurance market share?
North America held the dominating position in usage-based insurance industry during the analysis period of 2023 to 2032.
Which region registered fastest CAGR from 2023 to 2032?
Asia-Pacific region exhibited fastest growing CAGR for market of usage-based insurance during the analysis period of 2023 to 2032.
What are the current trends and dynamics in the global Usage-based Insurance industry?
The current trends and dynamics in the usage-based insurance industry include advancements in telematics technology, increasing consumer demand for personalized insurance solutions, regulatory support and encouragement for usage-based insurance adoption, and cost-saving incentives for safer driving behaviors.
Which vehicle type held the maximum share in 2022?
The passenger vehicle type held the maximum share of the usage-based insurance industry.
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