The global Automotive UBI (Usage-based Insurance) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The USA market for Global Automotive UBI (Usage-based Insurance) market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The China market for Global Automotive UBI (Usage-based Insurance) market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The Europe market for Global Automotive UBI (Usage-based Insurance) market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.
The usage-based insurance for automotive is a method to calculate the insurance premium. The amount of insurance premium is decided on the basis of a driving score which is calculated by considering factors such as vehicle usage, location, speeding, braking, cornering, night driving, and distracted driving. Based on the driving score, automotive insurance providers offer a discount on the insurance premium.
This report aims to provide a comprehensive presentation of the global market for Automotive UBI (Usage-based Insurance), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Automotive UBI (Usage-based Insurance). This report contains market size and forecasts of Automotive UBI (Usage-based Insurance) in global, including the following market information:
- Global Automotive UBI (Usage-based Insurance) Market Revenue, 2018-2023, 2024-2030, ($ millions)
- Global Automotive UBI (Usage-based Insurance) Market Sales, 2018-2023, 2024-2030, (Units)
- Global top five Automotive UBI (Usage-based Insurance) companies in 2022 (%)
Ambiguity over regulations and legislative environments are acting as a restraint for the usage-based insurance market as usage-based insurance providers need to plan new product for different states with in a country.
We surveyed the Automotive UBI (Usage-based Insurance) manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive UBI (Usage-based Insurance) Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Automotive UBI (Usage-based Insurance) Market Segment Percentages, by Type, 2022 (%)
- Odometer Data Based
- GPS data based
- Others
Global Automotive UBI (Usage-based Insurance) Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Automotive UBI (Usage-based Insurance) Market Segment Percentages, by Application, 2022 (%)
- Compact Car
- Mid-size Car
- Full-size Car
- SUV/Crossover
- Other
Global Automotive UBI (Usage-based Insurance) Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (Units)
Global Automotive UBI (Usage-based Insurance) Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Automotive UBI (Usage-based Insurance) revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Automotive UBI (Usage-based Insurance) revenues share in global market, 2022 (%)
- Key companies Automotive UBI (Usage-based Insurance) sales in global market, 2018-2023 (Estimated), (Units)
- Key companies Automotive UBI (Usage-based Insurance) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Allianz
- AXA
- Progressive
- Generali Group
- Insure The Box Ltd
- Allstate
- Desjardins
- Metromile
- Liberty Mutual
- Aviva
- Admiral Group
- Ageas
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive UBI (Usage-based Insurance), market overview.
Chapter 2: Global Automotive UBI (Usage-based Insurance) market size in revenue and volume.
Chapter 3: Detailed analysis of Automotive UBI (Usage-based Insurance) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Automotive UBI (Usage-based Insurance) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Automotive UBI (Usage-based Insurance) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
