By 2021, it is estimated to be $19.6 billion, and by 2028 it is expected to reach $668 billion, an increase of 28% over the forecast period. Usage-Based Insurance (UBI) is a telematics-based auto insurance service that monitors cars, trucks and other commercial or personal vehicles by tracking the distance covered. The first successfully used telematics were launched by long-distance truck drivers to track and coordinate vehicle movement for operations, maintenance, and other purposes.
A full report of Usage-based Insurance Market is available at:https://orionmarketreports.com/usage-based-insurance-market/83601/
Company Profile
- Allianz SE
- Allstate Corporation
- Aviva
- AXA
- Insurethebox
- Liberty Mutual Insurance
- Mapfre S.A.
- Nationwide Mutual Insurance Company
Market Segmentation
By Package
- PHYD
- PAYD
- Device-based
- Telematics-based
By Technology
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
By Vehicle Type
- Passenger Vehicle
- OBD-II
- Smartphone
- Black Box
- Embedded Telematics
- Commercial Vehicle
Scope of the Report
The research study analyzes the Usage-based Insurance industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Usage-based Insurance Market Report
1. What was the Usage-based Insurance Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Usage-based Insurance Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Usage-based Insurance Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Usage-based Insurance market.
- The market share of the Usage-based Insurance market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Usage-based Insurance market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Usage-based Insurance market.
About Us:
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