Usage-based insurance market is anticipated to grow at a significant CAGR of nearly 27.9% during the forecast period. The major factors that drive the growth of the UBI market include the growing automobile industry across the globe, along with the increasing technological advancements in both developing & developed countries. For instance, In July 2018, the Canadian Automobile Association (CAA) introduced a new auto insurance program, CAA MyPace for infrequent drivers, letting drivers pay for every 1,000 km they drive. The new program enabled to reform of insurance in Ontario by enabling motorists to monitor how much they drive and pay for insurance based on that mileage.
Get Free Sample link @ https://www.omrglobal.com/request-sample/usage-based-insurance-market
Usage-based Insurance Market research report also helps key participants to know whether developing a novel product or service is appealing or not. It also guides by telling the exact position of the firm in the market. It allows testing business ideas and provides tips to make right investment. There are several novel businesses in the market come across various kinds of consumers and this detailed report provides them an ability of understanding how target consumers think and adapt to their requirements. Important market growth related aspects are also discussed in this Usage-based Insurance Market report.
Accomplishing best results in the business becomes easy with this effective Usage-based Insurance Market study report. It becomes easy to handle business operations and attract more consumers. It helps business players to identify business risks and moving ahead in the business. Important market aspects are covered in this Usage-based Insurance Market report to help newly entering key players to survive in the competitive marketplace. Experimenting with more consumers is easy with this Market report as it captures all the latest updates regarding market expansion. Improving product launch helps business owners to survive in the long run.
Coming up with best business objectives becomes easy with this Usage-based Insurance Market report. Business objectives will define how the business must run so the objectives can be accomplished. It is an essential need to make your business deep down into the market and consumers’ minds to come with something which will benefit the business most. Key details are provided in the Usage-based Insurance Market report about corona virus and its major effects on the business segments. Market report allows digging into consumers’ minds to attain larger profits and continue to attain in a long run.
full report of Usage-based Insurance Market available @ https://www.omrglobal.com/industry-reports/usage-based-insurance-market
- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Usage-based Insurance (UBI)Market by Type
- Pay-As-You-Drive (PAYD)
- Pay-How-You-Drive (PHYD)
- Manage-How-You-Drive (MHYD)
- Others
Global Usage-based Insurance (UBI) Market by Technology
- OBD II
- Black Box
- Smartphones
- Others
Global Usage-based Insurance (UBI) Market by Vehicle Type
- Light-duty Vehicle (LDV)
- Heavy-duty Vehicle (HDV)
Global Usage-based Insurance (UBI) Market by Vehicle Age
- New Vehicles
- Used Vehicles
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Aioi Nissay Dowa Insurance UK Ltd.
- Allianz SE
- Allstate Insurance Co.
- American International Group Inc.
- Assicurazioni Generali S.p.A.
- AVIVA Plc
- AXA
- Cambridge Mobile Telematics
- Danlaw, Inc.
- Desjardins Group
- Insure The Box Ltd.
- Intelligent Mechatronic Systems Inc.
- Metromile Inc.
- Nationwide Mutual Insurance Co.
- Octo Technology
- Progressive Casualty Insurance Co.
- Sierra Wireless
- State Farm Automobile Mutual Insurance Co.
- UnipolSai Assicurazioni S.p.A.
- Verizon Communication Inc.
- Vodafone Automotive SpA
- Zubie, Inc.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Usage-based Insurance market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/usage-based-insurance-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
