Global Automotive Usage-Based Insurance Market 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	167 Pages	TechNavio	March, 2024	INF18674250

Best Price Guarantee
Price	from $2,500
Length	167 Pages
Publisher	TechNavio
Published Date	March, 2024
SKU	INF18674250

Automotive Usage-Based Insurance Market 2024-2028

The automotive usage-based insurance market is forecasted to grow by USD 67.51 bn during 2023-2028, accelerating at a CAGR of 25.1% during the forecast period. The report on the automotive usage-based insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by flexible pricing schemes of automotive UBI, increasing government regulations for insurance coverage, and the presence of a conducive technology environment for the automotive industry.

Technavio's automotive usage-based insurance market is segmented as below:

By Application

Embedded UBI
App-based UBI

By Pricing Scheme

PHYD
PAYD
MHYD

By Geographical Landscape

Europe
North America
APAC
Middle East and Africa
South America

This study identifies the increasing adoption of automotive usage-based insurance for better driving habits as one of the prime reasons driving the automotive usage-based insurance market growth during the next few years. Also, the growing application of automotive UBI in accident investigation and recovery of stolen vehicles and the emergence of smartphone-enabled UBI will lead to sizable demand in the market.

The report on the automotive usage-based insurance market covers the following areas:

Automotive usage-based insurance market sizing
Automotive usage-based insurance market forecast
Automotive usage-based insurance market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive usage-based insurance market vendors that include AXA Group, ACKO General Insurance Ltd., Allianz SE, Aviva Insurance Ltd., Desjardins Group, Discovery Ltd., Direct Line Insurance Group Plc, GEICO, HDFC Bank Ltd., Lemonade Inc., Liberty Mutual Insurance Co., Mile Auto Inc., Nationwide Mutual Insurance Co., Root Inc., The Allstate Corp., The Progressive Corp., The Travelers Co. Inc., USAA, Verizon Communications Inc., and Zurich Insurance Co. Ltd. Also, the automotive usage-based insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Global Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Application
  - Table Executive Summary – Chart on Market Segmentation by Pricing Scheme
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2023
- Market outlook: Forecast for 2023-2028
  - Table Chart on Global - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
  - Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
Historic Market Size
- Global automotive usage-based insurance market 2018 - 2022
  - Table Historic Market Size – Data Table on global automotive usage-based insurance market 2018 - 2022 ($ million)
- Application Segment Analysis 2018 - 2022
  - Table Historic Market Size – Application Segment 2018 - 2022 ($ million)
- Pricing Scheme Segment Analysis 2018 - 2022
  - Table Historic Market Size – Pricing Scheme Segment 2018 - 2022 ($ million)
- Geography Segment Analysis 2018 - 2022
  - Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
- Country Segment Analysis 2018 - 2022
  - Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2023 and 2028
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2023 and 2028
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2023 and 2028
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2023 and 2028
- Market condition
  - Table Chart on Market condition - Five forces 2023 and 2028
Market Segmentation by Application
- Market segments
  - Table Chart on Application - Market share 2023-2028 (%)
  - Table Data Table on Application - Market share 2023-2028 (%)
- Comparison by Application
  - Table Chart on Comparison by Application
  - Table Data Table on Comparison by Application
- Embedded UBI - Market size and forecast 2023-2028
  - Table Chart on Embedded UBI - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Embedded UBI - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Embedded UBI - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Embedded UBI - Year-over-year growth 2023-2028 (%)
- App-based UBI - Market size and forecast 2023-2028
  - Table Chart on App-based UBI - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on App-based UBI - Market size and forecast 2023-2028 ($ million)
  - Table Chart on App-based UBI - Year-over-year growth 2023-2028 (%)
  - Table Data Table on App-based UBI - Year-over-year growth 2023-2028 (%)
- Market opportunity by Application
  - Table Market opportunity by Application ($ million)
  - Table Data Table on Market opportunity by Application ($ million)
Market Segmentation by Pricing Scheme
- Market segments
  - Table Chart on Pricing Scheme - Market share 2023-2028 (%)
  - Table Data Table on Pricing Scheme - Market share 2023-2028 (%)
- Comparison by Pricing Scheme
  - Table Chart on Comparison by Pricing Scheme
  - Table Data Table on Comparison by Pricing Scheme
- PHYD - Market size and forecast 2023-2028
  - Table Chart on PHYD - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on PHYD - Market size and forecast 2023-2028 ($ million)
  - Table Chart on PHYD - Year-over-year growth 2023-2028 (%)
  - Table Data Table on PHYD - Year-over-year growth 2023-2028 (%)
- PAYD - Market size and forecast 2023-2028
  - Table Chart on PAYD - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on PAYD - Market size and forecast 2023-2028 ($ million)
  - Table Chart on PAYD - Year-over-year growth 2023-2028 (%)
  - Table Data Table on PAYD - Year-over-year growth 2023-2028 (%)
- MHYD - Market size and forecast 2023-2028
  - Table Chart on MHYD - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on MHYD - Market size and forecast 2023-2028 ($ million)
  - Table Chart on MHYD - Year-over-year growth 2023-2028 (%)
  - Table Data Table on MHYD - Year-over-year growth 2023-2028 (%)
- Market opportunity by Pricing Scheme
  - Table Market opportunity by Pricing Scheme ($ million)
  - Table Data Table on Market opportunity by Pricing Scheme ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography 2023-2028 (%)
  - Table Data Table on Market share by geography 2023-2028 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- Europe - Market size and forecast 2023-2028
  - Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Europe - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
- North America - Market size and forecast 2023-2028
  - Table Chart on North America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on North America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on North America - Year-over-year growth 2023-2028 (%)
- APAC - Market size and forecast 2023-2028
  - Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
  - Table Chart on APAC - Year-over-year growth 2023-2028 (%)
  - Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
- Middle East and Africa - Market size and forecast 2023- 2028
  - Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- South America - Market size and forecast 2023-2028
  - Table Chart on South America - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
  - Table Chart on South America - Year-over-year growth 2023-2028 (%)
  - Table Data Table on South America - Year-over-year growth 2023-2028 (%)
- US - Market size and forecast 2023-2028
  - Table Chart on US - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on US - Market size and forecast 2023-2028 ($ million)
  - Table Chart on US - Year-over-year growth 2023-2028 (%)
  - Table Data Table on US - Year-over-year growth 2023-2028 (%)
- Germany - Market size and forecast 2023-2028
  - Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Germany - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
- UK - Market size and forecast 2023-2028
  - Table Chart on UK - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
  - Table Chart on UK - Year-over-year growth 2023-2028 (%)
  - Table Data Table on UK - Year-over-year growth 2023-2028 (%)
- Canada - Market size and forecast 2023-2028
  - Table Chart on Canada - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on Canada - Market size and forecast 2023-2028 ($ million)
  - Table Chart on Canada - Year-over-year growth 2023-2028 (%)
  - Table Data Table on Canada - Year-over-year growth 2023-2028 (%)
- France - Market size and forecast 2023-2028
  - Table Chart on France - Market size and forecast 2023-2028 ($ million)
  - Table Data Table on France - Market size and forecast 2023-2028 ($ million)
  - Table Chart on France - Year-over-year growth 2023-2028 (%)
  - Table Data Table on France - Year-over-year growth 2023-2028 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Tables on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Flexible pricing schemes of automotive UBI
  - Increasing government regulations for insurance coverage
  - Presence of conducive technology environment for automotive industry
- Market challenges
  - High complexity of automotive UBI solutions
  - Difficulty in maintaining accurate data by vendors
  - Security issues pertaining to telematics in vehicles
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2023 and 2028
- Market trends
  - Increasing adoption of automotive usage-based insurance for better driving habits
  - Growing application of automotive UBI in accident investigation and recovery of stolen vehicles
  - Emergence of smartphone-enabled UBI
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- AXA Group
  - Table AXA Group - Overview
  - Table AXA Group - Business segments
  - Table AXA Group - Key news
  - Table AXA Group - Key offerings
  - Table AXA Group - Segment focus
- Allianz SE
  - Table Allianz SE - Overview
  - Table Allianz SE - Business segments
  - Table Allianz SE - Key news
  - Table Allianz SE - Key offerings
  - Table Allianz SE - Segment focus
- Aviva insurance Ltd.
  - Table Aviva insurance Ltd. - Overview
  - Table Aviva insurance Ltd. - Business segments
  - Table Aviva insurance Ltd. - Key news
  - Table Aviva insurance Ltd. - Key offerings
  - Table Aviva insurance Ltd. - Segment focus
- Desjardins Group
  - Table Desjardins Group - Overview
  - Table Desjardins Group - Business segments
  - Table Desjardins Group - Key offerings
  - Table Desjardins Group - Segment focus
- Direct Line Insurance Group Plc
  - Table Direct Line Insurance Group Plc - Overview
  - Table Direct Line Insurance Group Plc - Business segments
  - Table Direct Line Insurance Group Plc - Key news
  - Table Direct Line Insurance Group Plc - Key offerings
  - Table Direct Line Insurance Group Plc - Segment focus
- Discovery Ltd.
  - Table Discovery Ltd. - Overview
  - Table Discovery Ltd. - Business segments
  - Table Discovery Ltd. - Key offerings
  - Table Discovery Ltd. - Segment focus
- GEICO
  - Table GEICO - Overview
  - Table GEICO - Product / Service
  - Table GEICO - Key offerings
- Lemonade Inc.
  - Table Lemonade Inc. - Overview
  - Table Lemonade Inc. - Product / Service
  - Table Lemonade Inc. - Key offerings
- Liberty Mutual Insurance Co.
  - Table Liberty Mutual Insurance Co. - Overview
  - Table Liberty Mutual Insurance Co. - Business segments
  - Table Liberty Mutual Insurance Co. - Key offerings
  - Table Liberty Mutual Insurance Co. - Segment focus
- Nationwide Mutual Insurance Co.
  - Table Nationwide Mutual Insurance Co. - Overview
  - Table Nationwide Mutual Insurance Co. - Product / Service
  - Table Nationwide Mutual Insurance Co. - Key offerings
- The Allstate Corp.
  - Table The Allstate Corp. - Overview
  - Table The Allstate Corp. - Business segments
  - Table The Allstate Corp. - Key offerings
  - Table The Allstate Corp. - Segment focus
- The Progressive Corp.
  - Table The Progressive Corp. - Overview
  - Table The Progressive Corp. - Product / Service
  - Table The Progressive Corp. - Key offerings
- The Travelers Co. Inc.
  - Table The Travelers Co. Inc. - Overview
  - Table The Travelers Co. Inc. - Business segments
  - Table The Travelers Co. Inc. - Key offerings
  - Table The Travelers Co. Inc. - Segment focus
- USAA
  - Table USAA - Overview
  - Table USAA - Product / Service
  - Table USAA - Key offerings
- Zurich Insurance Co. Ltd.
  - Table Zurich Insurance Co. Ltd. - Overview
  - Table Zurich Insurance Co. Ltd. - Business segments
  - Table Zurich Insurance Co. Ltd. - Key offerings
  - Table Zurich Insurance Co. Ltd. - Segment focus
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations