Automotive Usage-based Insurance Market, Global Outlook and Forecast 2023-2029

Report ID: MMG4645 | Category: Service & Software | Pages: 115 | Format: PDF | Published Date: February 13,2023

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Report Description
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Report Summary

Usage-based Insurance is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.
This report aims to provide a comprehensive presentation of the global market for Automotive 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 Usage-based Insurance. This report contains market size and forecasts of Automotive Usage-based Insurance in global, including the following market information:
Global Automotive Usage-based Insurance Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Automotive Usage-based Insurance market was valued at US$ 155.1 million in 2022 and is projected to reach US$ 231.2 million by 2029, at a CAGR of 5.9% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
The Americas region is projected to be the largest market for usage-based insurance during the forecast period. The Americas has the highest adoption rate of usage-based insurance as compared to other regions owing to higher regular insurance premiums and high sales of premium D segment and light-duty vehicles. Apart from this, vehicles with telematics and connected car services are acting as a driving factor for the usage-based insurance market.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive 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 Automotive Usage-based Insurance Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Automotive Usage-based Insurance Market Segment Percentages, by Type, 2022 (%)
    Pay-As-You-Drive(PAYD)
    Pay-How-You-Drive(PHYD)
    Manage-How-You-Drive(MHYD)
Global Automotive Usage-based Insurance Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Automotive Usage-based Insurance Market Segment Percentages, by Application, 2022 (%)
    Light-Duty Vehicle(LDV)
    Heavy-Duty Vehicle(HDV)
Global Automotive Usage-based Insurance Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Automotive Usage-based Insurance Market Segment Percentages, By Region and Country, 2022 (%)
    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 Automotive Usage-based Insurance revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Automotive Usage-based Insurance revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
    Progressive
    Allstate
    Octo Telematics
    MetroMile
    Allianz
    AXA
    Liberty Mutual
    Verizon
    Movitrack Viasat
    Nationwide
    Esurance
    Safeco
    Travellers
    Liberty Mutual Insurance
    AIOI
    QBE
    Modus Group
    Intelligent Mechatronic Systems
    Inseego
    Truemotion
    Cambridge Mobile Telematics
Outline of Major Chapters:
Chapter 1: Introduces the definition of Automotive Usage-based Insurance, market overview.
Chapter 2: Global Automotive Usage-based Insurance market size in revenue.
Chapter 3: Detailed analysis of Automotive Usage-based Insurance company competitive landscape, revenue and 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 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: The main points and conclusions of the report.

1 Introduction to Research & Analysis Reports
    1.1 Automotive Usage-based Insurance Market Definition
    1.2 Market Segments
        1.2.1 Market by Type
        1.2.2 Market by Application
    1.3 Global Automotive Usage-based Insurance Market Overview
    1.4 Features & Benefits of This Report
    1.5 Methodology & Sources of Information
        1.5.1 Research Methodology
        1.5.2 Research Process
        1.5.3 Base Year
        1.5.4 Report Assumptions & Caveats
2 Global Automotive Usage-based Insurance Overall Market Size
    2.1 Global Automotive Usage-based Insurance Market Size: 2022 VS 2029
    2.2 Global Automotive Usage-based Insurance Market Size, Prospects & Forecasts: 2018-2029
    2.3 Key Market Trends, Opportunity, Drivers and Restraints
        2.3.1 Market Opportunities & Trends
        2.3.2 Market Drivers
        2.3.3 Market Restraints
3 Company Landscape
    3.1 Top Automotive Usage-based Insurance Players in Global Market
    3.2 Top Global Automotive Usage-based Insurance Companies Ranked by Revenue
    3.3 Global Automotive Usage-based Insurance Revenue by Companies
    3.4 Top 3 and Top 5 Automotive Usage-based Insurance Companies in Global Market, by Revenue in 2022
    3.5 Global Companies Automotive Usage-based Insurance Product Type
    3.6 Tier 1, Tier 2 and Tier 3 Automotive Usage-based Insurance Players in Global Market
        3.6.1 List of Global Tier 1 Automotive Usage-based Insurance Companies
        3.6.2 List of Global Tier 2 and Tier 3 Automotive Usage-based Insurance Companies
4 Market Sights by Product
    4.1 Overview
        4.1.1 By Type - Global Automotive Usage-based Insurance Market Size Markets, 2022 & 2029
        4.1.2 Pay-As-You-Drive(PAYD)
        4.1.3 Pay-How-You-Drive(PHYD)
        4.1.4 Manage-How-You-Drive(MHYD)
    4.2 By Type - Global Automotive Usage-based Insurance Revenue & Forecasts
        4.2.1 By Type - Global Automotive Usage-based Insurance Revenue, 2018-2023
        4.2.2 By Type - Global Automotive Usage-based Insurance Revenue, 2024-2029
        4.2.3 By Type - Global Automotive Usage-based Insurance Revenue Market Share, 2018-2029
5 Sights by Application
    5.1 Overview
        5.1.1 By Application - Global Automotive Usage-based Insurance Market Size, 2022 & 2029
        5.1.2 Light-Duty Vehicle(LDV)
        5.1.3 Heavy-Duty Vehicle(HDV)
    5.2 By Application - Global Automotive Usage-based Insurance Revenue & Forecasts
        5.2.1 By Application - Global Automotive Usage-based Insurance Revenue, 2018-2023
        5.2.2 By Application - Global Automotive Usage-based Insurance Revenue, 2024-2029
        5.2.3 By Application - Global Automotive Usage-based Insurance Revenue Market Share, 2018-2029
6 Sights by Region
    6.1 By Region - Global Automotive Usage-based Insurance Market Size, 2022 & 2029
    6.2 By Region - Global Automotive Usage-based Insurance Revenue & Forecasts
        6.2.1 By Region - Global Automotive Usage-based Insurance Revenue, 2018-2023
        6.2.2 By Region - Global Automotive Usage-based Insurance Revenue, 2024-2029
        6.2.3 By Region - Global Automotive Usage-based Insurance Revenue Market Share, 2018-2029
    6.3 North America
        6.3.1 By Country - North America Automotive Usage-based Insurance Revenue, 2018-2029
        6.3.2 US Automotive Usage-based Insurance Market Size, 2018-2029
        6.3.3 Canada Automotive Usage-based Insurance Market Size, 2018-2029
        6.3.4 Mexico Automotive Usage-based Insurance Market Size, 2018-2029
    6.4 Europe
        6.4.1 By Country - Europe Automotive Usage-based Insurance Revenue, 2018-2029
        6.4.2 Germany Automotive Usage-based Insurance Market Size, 2018-2029
        6.4.3 France Automotive Usage-based Insurance Market Size, 2018-2029
        6.4.4 U.K. Automotive Usage-based Insurance Market Size, 2018-2029
        6.4.5 Italy Automotive Usage-based Insurance Market Size, 2018-2029
        6.4.6 Russia Automotive Usage-based Insurance Market Size, 2018-2029
        6.4.7 Nordic Countries Automotive Usage-based Insurance Market Size, 2018-2029
        6.4.8 Benelux Automotive Usage-based Insurance Market Size, 2018-2029
    6.5 Asia
        6.5.1 By Region - Asia Automotive Usage-based Insurance Revenue, 2018-2029
        6.5.2 China Automotive Usage-based Insurance Market Size, 2018-2029
        6.5.3 Japan Automotive Usage-based Insurance Market Size, 2018-2029
        6.5.4 South Korea Automotive Usage-based Insurance Market Size, 2018-2029
        6.5.5 Southeast Asia Automotive Usage-based Insurance Market Size, 2018-2029
        6.5.6 India Automotive Usage-based Insurance Market Size, 2018-2029
    6.6 South America
        6.6.1 By Country - South America Automotive Usage-based Insurance Revenue, 2018-2029
        6.6.2 Brazil Automotive Usage-based Insurance Market Size, 2018-2029
        6.6.3 Argentina Automotive Usage-based Insurance Market Size, 2018-2029
    6.7 Middle East & Africa
        6.7.1 By Country - Middle East & Africa Automotive Usage-based Insurance Revenue, 2018-2029
        6.7.2 Turkey Automotive Usage-based Insurance Market Size, 2018-2029
        6.7.3 Israel Automotive Usage-based Insurance Market Size, 2018-2029
        6.7.4 Saudi Arabia Automotive Usage-based Insurance Market Size, 2018-2029
        6.7.5 UAE Automotive Usage-based Insurance Market Size, 2018-2029
7 Automotive Usage-based Insurance Companies Profiles
    7.1 Progressive
        7.1.1 Progressive Company Summary
        7.1.2 Progressive Business Overview
        7.1.3 Progressive Automotive Usage-based Insurance Major Product Offerings
        7.1.4 Progressive Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.1.5 Progressive Key News & Latest Developments
    7.2 Allstate
        7.2.1 Allstate Company Summary
        7.2.2 Allstate Business Overview
        7.2.3 Allstate Automotive Usage-based Insurance Major Product Offerings
        7.2.4 Allstate Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.2.5 Allstate Key News & Latest Developments
    7.3 Octo Telematics
        7.3.1 Octo Telematics Company Summary
        7.3.2 Octo Telematics Business Overview
        7.3.3 Octo Telematics Automotive Usage-based Insurance Major Product Offerings
        7.3.4 Octo Telematics Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.3.5 Octo Telematics Key News & Latest Developments
    7.4 MetroMile
        7.4.1 MetroMile Company Summary
        7.4.2 MetroMile Business Overview
        7.4.3 MetroMile Automotive Usage-based Insurance Major Product Offerings
        7.4.4 MetroMile Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.4.5 MetroMile Key News & Latest Developments
    7.5 Allianz
        7.5.1 Allianz Company Summary
        7.5.2 Allianz Business Overview
        7.5.3 Allianz Automotive Usage-based Insurance Major Product Offerings
        7.5.4 Allianz Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.5.5 Allianz Key News & Latest Developments
    7.6 AXA
        7.6.1 AXA Company Summary
        7.6.2 AXA Business Overview
        7.6.3 AXA Automotive Usage-based Insurance Major Product Offerings
        7.6.4 AXA Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.6.5 AXA Key News & Latest Developments
    7.7 Liberty Mutual
        7.7.1 Liberty Mutual Company Summary
        7.7.2 Liberty Mutual Business Overview
        7.7.3 Liberty Mutual Automotive Usage-based Insurance Major Product Offerings
        7.7.4 Liberty Mutual Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.7.5 Liberty Mutual Key News & Latest Developments
    7.8 Verizon
        7.8.1 Verizon Company Summary
        7.8.2 Verizon Business Overview
        7.8.3 Verizon Automotive Usage-based Insurance Major Product Offerings
        7.8.4 Verizon Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.8.5 Verizon Key News & Latest Developments
    7.9 Movitrack Viasat
        7.9.1 Movitrack Viasat Company Summary
        7.9.2 Movitrack Viasat Business Overview
        7.9.3 Movitrack Viasat Automotive Usage-based Insurance Major Product Offerings
        7.9.4 Movitrack Viasat Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.9.5 Movitrack Viasat Key News & Latest Developments
    7.10 Nationwide
        7.10.1 Nationwide Company Summary
        7.10.2 Nationwide Business Overview
        7.10.3 Nationwide Automotive Usage-based Insurance Major Product Offerings
        7.10.4 Nationwide Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.10.5 Nationwide Key News & Latest Developments
    7.11 Esurance
        7.11.1 Esurance Company Summary
        7.11.2 Esurance Business Overview
        7.11.3 Esurance Automotive Usage-based Insurance Major Product Offerings
        7.11.4 Esurance Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.11.5 Esurance Key News & Latest Developments
    7.12 Safeco
        7.12.1 Safeco Company Summary
        7.12.2 Safeco Business Overview
        7.12.3 Safeco Automotive Usage-based Insurance Major Product Offerings
        7.12.4 Safeco Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.12.5 Safeco Key News & Latest Developments
    7.13 Travellers
        7.13.1 Travellers Company Summary
        7.13.2 Travellers Business Overview
        7.13.3 Travellers Automotive Usage-based Insurance Major Product Offerings
        7.13.4 Travellers Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.13.5 Travellers Key News & Latest Developments
    7.14 Liberty Mutual Insurance
        7.14.1 Liberty Mutual Insurance Company Summary
        7.14.2 Liberty Mutual Insurance Business Overview
        7.14.3 Liberty Mutual Insurance Automotive Usage-based Insurance Major Product Offerings
        7.14.4 Liberty Mutual Insurance Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.14.5 Liberty Mutual Insurance Key News & Latest Developments
    7.15 AIOI
        7.15.1 AIOI Company Summary
        7.15.2 AIOI Business Overview
        7.15.3 AIOI Automotive Usage-based Insurance Major Product Offerings
        7.15.4 AIOI Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.15.5 AIOI Key News & Latest Developments
    7.16 QBE
        7.16.1 QBE Company Summary
        7.16.2 QBE Business Overview
        7.16.3 QBE Automotive Usage-based Insurance Major Product Offerings
        7.16.4 QBE Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.16.5 QBE Key News & Latest Developments
    7.17 Modus Group
        7.17.1 Modus Group Company Summary
        7.17.2 Modus Group Business Overview
        7.17.3 Modus Group Automotive Usage-based Insurance Major Product Offerings
        7.17.4 Modus Group Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.17.5 Modus Group Key News & Latest Developments
    7.18 Intelligent Mechatronic Systems
        7.18.1 Intelligent Mechatronic Systems Company Summary
        7.18.2 Intelligent Mechatronic Systems Business Overview
        7.18.3 Intelligent Mechatronic Systems Automotive Usage-based Insurance Major Product Offerings
        7.18.4 Intelligent Mechatronic Systems Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.18.5 Intelligent Mechatronic Systems Key News & Latest Developments
    7.19 Inseego
        7.19.1 Inseego Company Summary
        7.19.2 Inseego Business Overview
        7.19.3 Inseego Automotive Usage-based Insurance Major Product Offerings
        7.19.4 Inseego Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.19.5 Inseego Key News & Latest Developments
    7.20 Truemotion
        7.20.1 Truemotion Company Summary
        7.20.2 Truemotion Business Overview
        7.20.3 Truemotion Automotive Usage-based Insurance Major Product Offerings
        7.20.4 Truemotion Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.20.5 Truemotion Key News & Latest Developments
    7.21 Cambridge Mobile Telematics
        7.21.1 Cambridge Mobile Telematics Company Summary
        7.21.2 Cambridge Mobile Telematics Business Overview
        7.21.3 Cambridge Mobile Telematics Automotive Usage-based Insurance Major Product Offerings
        7.21.4 Cambridge Mobile Telematics Automotive Usage-based Insurance Revenue in Global Market (2018-2023)
        7.21.5 Cambridge Mobile Telematics Key News & Latest Developments
8 Conclusion
9 Appendix
    9.1 Note
    9.2 Examples of Clients
    9.3 Disclaimer

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Automotive Usage-based Insurance Market, Global Outlook and Forecast 2023-2029

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