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Global Automotive Usage-based Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030

May 2024 | 149 pages | ID: G76C8CD70F0AEN
GlobalInfoResearch

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According to our (Global Info Research) latest study, the global Automotive Usage-based Insurance market size was valued at USD 155.1 million in 2023 and is forecast to a readjusted size of USD 231.2 million by 2030 with a CAGR of 5.9% during review period.

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.

Automotive is a key driver of this industry. According to data from the World Automobile Organization (OICA), global automobile production and sales in 2017 reached their peak in the past 10 years, at 97.3 million and 95.89 million respectively. In 2018, the global economic expansion ended, and the global auto market declined as a whole. In 2022, there will wear units 81.6 million vehicles in the world. At present, more than 90% of the world's automobiles are concentrated in the three continents of Asia, Europe and North America, of which Asia automobile production accounts for 56% of the world, Europe accounts for 20%, and North America accounts for 16%. The world major automobile producing countries include China, the United States, Japan, South Korea, Germany, India, Mexico, and other countries; among them, China is the largest automobile producing country in the world, accounting for about 32%. Japan is the world's largest car exporter, exporting more than 3.5 million vehicles in 2022.

The Global Info Research report includes an overview of the development of the Automotive Usage-based Insurance industry chain, the market status of Light-Duty Vehicle(LDV) (Pay-As-You-Drive(PAYD), Pay-How-You-Drive(PHYD)), Heavy-Duty Vehicle(HDV) (Pay-As-You-Drive(PAYD), Pay-How-You-Drive(PHYD)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Automotive Usage-based Insurance.

Regionally, the report analyzes the Automotive Usage-based Insurance markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Automotive Usage-based Insurance market, with robust domestic demand, supportive policies, and a strong manufacturing base.

Key Features:

The report presents comprehensive understanding of the Automotive Usage-based Insurance market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Automotive Usage-based Insurance industry.

The report involves analyzing the market at a macro level:

Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Pay-As-You-Drive(PAYD), Pay-How-You-Drive(PHYD)).

Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Automotive Usage-based Insurance market.

Regional Analysis: The report involves examining the Automotive Usage-based Insurance market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.

Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Automotive Usage-based Insurance market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.

The report also involves a more granular approach to Automotive Usage-based Insurance:

Company Analysis: Report covers individual Automotive Usage-based Insurance players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.

Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Automotive Usage-based Insurance This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Light-Duty Vehicle(LDV), Heavy-Duty Vehicle(HDV)).

Technology Analysis: Report covers specific technologies relevant to Automotive Usage-based Insurance. It assesses the current state, advancements, and potential future developments in Automotive Usage-based Insurance areas.

Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Automotive Usage-based Insurance market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.

Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.

Market Segmentation

Automotive Usage-based Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.

Market segment by Type
  • Pay-As-You-Drive(PAYD)
  • Pay-How-You-Drive(PHYD)
  • Manage-How-You-Drive(MHYD)
Market segment by Application
  • Light-Duty Vehicle(LDV)
  • Heavy-Duty Vehicle(HDV)
Market segment by players, this report covers
  • 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
Market segment by regions, regional analysis covers
  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
  • South America (Brazil, Argentina and Rest of South America)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe Automotive Usage-based Insurance product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of Automotive Usage-based Insurance, with revenue, gross margin and global market share of Automotive Usage-based Insurance from 2019 to 2024.

Chapter 3, the Automotive Usage-based Insurance competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Automotive Usage-based Insurance market forecast, by regions, type and application, with consumption value, from 2025 to 2030.

Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.

Chapter 12, the key raw materials and key suppliers, and industry chain of Automotive Usage-based Insurance.

Chapter 13, to describe Automotive Usage-based Insurance research findings and conclusion.
1 MARKET OVERVIEW

1.1 Product Overview and Scope of Automotive Usage-based Insurance
1.2 Market Estimation Caveats and Base Year
1.3 Classification of Automotive Usage-based Insurance by Type
  1.3.1 Overview: Global Automotive Usage-based Insurance Market Size by Type: 2019 Versus 2023 Versus 2030
  1.3.2 Global Automotive Usage-based Insurance Consumption Value Market Share by Type in 2023
  1.3.3 Pay-As-You-Drive(PAYD)
  1.3.4 Pay-How-You-Drive(PHYD)
  1.3.5 Manage-How-You-Drive(MHYD)
1.4 Global Automotive Usage-based Insurance Market by Application
  1.4.1 Overview: Global Automotive Usage-based Insurance Market Size by Application: 2019 Versus 2023 Versus 2030
  1.4.2 Light-Duty Vehicle(LDV)
  1.4.3 Heavy-Duty Vehicle(HDV)
1.5 Global Automotive Usage-based Insurance Market Size & Forecast
1.6 Global Automotive Usage-based Insurance Market Size and Forecast by Region
  1.6.1 Global Automotive Usage-based Insurance Market Size by Region: 2019 VS 2023 VS 2030
  1.6.2 Global Automotive Usage-based Insurance Market Size by Region, (2019-2030)
  1.6.3 North America Automotive Usage-based Insurance Market Size and Prospect (2019-2030)
  1.6.4 Europe Automotive Usage-based Insurance Market Size and Prospect (2019-2030)
  1.6.5 Asia-Pacific Automotive Usage-based Insurance Market Size and Prospect (2019-2030)
  1.6.6 South America Automotive Usage-based Insurance Market Size and Prospect (2019-2030)
  1.6.7 Middle East and Africa Automotive Usage-based Insurance Market Size and Prospect (2019-2030)

2 COMPANY PROFILES

2.1 Progressive
  2.1.1 Progressive Details
  2.1.2 Progressive Major Business
  2.1.3 Progressive Automotive Usage-based Insurance Product and Solutions
  2.1.4 Progressive Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.1.5 Progressive Recent Developments and Future Plans
2.2 Allstate
  2.2.1 Allstate Details
  2.2.2 Allstate Major Business
  2.2.3 Allstate Automotive Usage-based Insurance Product and Solutions
  2.2.4 Allstate Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.2.5 Allstate Recent Developments and Future Plans
2.3 Octo Telematics
  2.3.1 Octo Telematics Details
  2.3.2 Octo Telematics Major Business
  2.3.3 Octo Telematics Automotive Usage-based Insurance Product and Solutions
  2.3.4 Octo Telematics Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.3.5 Octo Telematics Recent Developments and Future Plans
2.4 MetroMile
  2.4.1 MetroMile Details
  2.4.2 MetroMile Major Business
  2.4.3 MetroMile Automotive Usage-based Insurance Product and Solutions
  2.4.4 MetroMile Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.4.5 MetroMile Recent Developments and Future Plans
2.5 Allianz
  2.5.1 Allianz Details
  2.5.2 Allianz Major Business
  2.5.3 Allianz Automotive Usage-based Insurance Product and Solutions
  2.5.4 Allianz Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.5.5 Allianz Recent Developments and Future Plans
2.6 AXA
  2.6.1 AXA Details
  2.6.2 AXA Major Business
  2.6.3 AXA Automotive Usage-based Insurance Product and Solutions
  2.6.4 AXA Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.6.5 AXA Recent Developments and Future Plans
2.7 Liberty Mutual
  2.7.1 Liberty Mutual Details
  2.7.2 Liberty Mutual Major Business
  2.7.3 Liberty Mutual Automotive Usage-based Insurance Product and Solutions
  2.7.4 Liberty Mutual Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.7.5 Liberty Mutual Recent Developments and Future Plans
2.8 Verizon
  2.8.1 Verizon Details
  2.8.2 Verizon Major Business
  2.8.3 Verizon Automotive Usage-based Insurance Product and Solutions
  2.8.4 Verizon Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.8.5 Verizon Recent Developments and Future Plans
2.9 Movitrack Viasat
  2.9.1 Movitrack Viasat Details
  2.9.2 Movitrack Viasat Major Business
  2.9.3 Movitrack Viasat Automotive Usage-based Insurance Product and Solutions
  2.9.4 Movitrack Viasat Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.9.5 Movitrack Viasat Recent Developments and Future Plans
2.10 Nationwide
  2.10.1 Nationwide Details
  2.10.2 Nationwide Major Business
  2.10.3 Nationwide Automotive Usage-based Insurance Product and Solutions
  2.10.4 Nationwide Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.10.5 Nationwide Recent Developments and Future Plans
2.11 Esurance
  2.11.1 Esurance Details
  2.11.2 Esurance Major Business
  2.11.3 Esurance Automotive Usage-based Insurance Product and Solutions
  2.11.4 Esurance Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.11.5 Esurance Recent Developments and Future Plans
2.12 Safeco
  2.12.1 Safeco Details
  2.12.2 Safeco Major Business
  2.12.3 Safeco Automotive Usage-based Insurance Product and Solutions
  2.12.4 Safeco Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.12.5 Safeco Recent Developments and Future Plans
2.13 Travellers
  2.13.1 Travellers Details
  2.13.2 Travellers Major Business
  2.13.3 Travellers Automotive Usage-based Insurance Product and Solutions
  2.13.4 Travellers Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.13.5 Travellers Recent Developments and Future Plans
2.14 Liberty Mutual Insurance
  2.14.1 Liberty Mutual Insurance Details
  2.14.2 Liberty Mutual Insurance Major Business
  2.14.3 Liberty Mutual Insurance Automotive Usage-based Insurance Product and Solutions
  2.14.4 Liberty Mutual Insurance Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.14.5 Liberty Mutual Insurance Recent Developments and Future Plans
2.15 AIOI
  2.15.1 AIOI Details
  2.15.2 AIOI Major Business
  2.15.3 AIOI Automotive Usage-based Insurance Product and Solutions
  2.15.4 AIOI Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.15.5 AIOI Recent Developments and Future Plans
2.16 QBE
  2.16.1 QBE Details
  2.16.2 QBE Major Business
  2.16.3 QBE Automotive Usage-based Insurance Product and Solutions
  2.16.4 QBE Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.16.5 QBE Recent Developments and Future Plans
2.17 Modus Group
  2.17.1 Modus Group Details
  2.17.2 Modus Group Major Business
  2.17.3 Modus Group Automotive Usage-based Insurance Product and Solutions
  2.17.4 Modus Group Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.17.5 Modus Group Recent Developments and Future Plans
2.18 Intelligent Mechatronic Systems
  2.18.1 Intelligent Mechatronic Systems Details
  2.18.2 Intelligent Mechatronic Systems Major Business
  2.18.3 Intelligent Mechatronic Systems Automotive Usage-based Insurance Product and Solutions
  2.18.4 Intelligent Mechatronic Systems Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.18.5 Intelligent Mechatronic Systems Recent Developments and Future Plans
2.19 Inseego
  2.19.1 Inseego Details
  2.19.2 Inseego Major Business
  2.19.3 Inseego Automotive Usage-based Insurance Product and Solutions
  2.19.4 Inseego Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.19.5 Inseego Recent Developments and Future Plans
2.20 Truemotion
  2.20.1 Truemotion Details
  2.20.2 Truemotion Major Business
  2.20.3 Truemotion Automotive Usage-based Insurance Product and Solutions
  2.20.4 Truemotion Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.20.5 Truemotion Recent Developments and Future Plans
2.21 Cambridge Mobile Telematics
  2.21.1 Cambridge Mobile Telematics Details
  2.21.2 Cambridge Mobile Telematics Major Business
  2.21.3 Cambridge Mobile Telematics Automotive Usage-based Insurance Product and Solutions
  2.21.4 Cambridge Mobile Telematics Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
  2.21.5 Cambridge Mobile Telematics Recent Developments and Future Plans

3 MARKET COMPETITION, BY PLAYERS

3.1 Global Automotive Usage-based Insurance Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
  3.2.1 Market Share of Automotive Usage-based Insurance by Company Revenue
  3.2.2 Top 3 Automotive Usage-based Insurance Players Market Share in 2023
  3.2.3 Top 6 Automotive Usage-based Insurance Players Market Share in 2023
3.3 Automotive Usage-based Insurance Market: Overall Company Footprint Analysis
  3.3.1 Automotive Usage-based Insurance Market: Region Footprint
  3.3.2 Automotive Usage-based Insurance Market: Company Product Type Footprint
  3.3.3 Automotive Usage-based Insurance Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations

4 MARKET SIZE SEGMENT BY TYPE

4.1 Global Automotive Usage-based Insurance Consumption Value and Market Share by Type (2019-2024)
4.2 Global Automotive Usage-based Insurance Market Forecast by Type (2025-2030)

5 MARKET SIZE SEGMENT BY APPLICATION

5.1 Global Automotive Usage-based Insurance Consumption Value Market Share by Application (2019-2024)
5.2 Global Automotive Usage-based Insurance Market Forecast by Application (2025-2030)

6 NORTH AMERICA

6.1 North America Automotive Usage-based Insurance Consumption Value by Type (2019-2030)
6.2 North America Automotive Usage-based Insurance Consumption Value by Application (2019-2030)
6.3 North America Automotive Usage-based Insurance Market Size by Country
  6.3.1 North America Automotive Usage-based Insurance Consumption Value by Country (2019-2030)
  6.3.2 United States Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  6.3.3 Canada Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  6.3.4 Mexico Automotive Usage-based Insurance Market Size and Forecast (2019-2030)

7 EUROPE

7.1 Europe Automotive Usage-based Insurance Consumption Value by Type (2019-2030)
7.2 Europe Automotive Usage-based Insurance Consumption Value by Application (2019-2030)
7.3 Europe Automotive Usage-based Insurance Market Size by Country
  7.3.1 Europe Automotive Usage-based Insurance Consumption Value by Country (2019-2030)
  7.3.2 Germany Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  7.3.3 France Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  7.3.4 United Kingdom Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  7.3.5 Russia Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  7.3.6 Italy Automotive Usage-based Insurance Market Size and Forecast (2019-2030)

8 ASIA-PACIFIC

8.1 Asia-Pacific Automotive Usage-based Insurance Consumption Value by Type (2019-2030)
8.2 Asia-Pacific Automotive Usage-based Insurance Consumption Value by Application (2019-2030)
8.3 Asia-Pacific Automotive Usage-based Insurance Market Size by Region
  8.3.1 Asia-Pacific Automotive Usage-based Insurance Consumption Value by Region (2019-2030)
  8.3.2 China Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  8.3.3 Japan Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  8.3.4 South Korea Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  8.3.5 India Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  8.3.6 Southeast Asia Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  8.3.7 Australia Automotive Usage-based Insurance Market Size and Forecast (2019-2030)

9 SOUTH AMERICA

9.1 South America Automotive Usage-based Insurance Consumption Value by Type (2019-2030)
9.2 South America Automotive Usage-based Insurance Consumption Value by Application (2019-2030)
9.3 South America Automotive Usage-based Insurance Market Size by Country
  9.3.1 South America Automotive Usage-based Insurance Consumption Value by Country (2019-2030)
  9.3.2 Brazil Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  9.3.3 Argentina Automotive Usage-based Insurance Market Size and Forecast (2019-2030)

10 MIDDLE EAST & AFRICA

10.1 Middle East & Africa Automotive Usage-based Insurance Consumption Value by Type (2019-2030)
10.2 Middle East & Africa Automotive Usage-based Insurance Consumption Value by Application (2019-2030)
10.3 Middle East & Africa Automotive Usage-based Insurance Market Size by Country
  10.3.1 Middle East & Africa Automotive Usage-based Insurance Consumption Value by Country (2019-2030)
  10.3.2 Turkey Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  10.3.3 Saudi Arabia Automotive Usage-based Insurance Market Size and Forecast (2019-2030)
  10.3.4 UAE Automotive Usage-based Insurance Market Size and Forecast (2019-2030)

11 MARKET DYNAMICS

11.1 Automotive Usage-based Insurance Market Drivers
11.2 Automotive Usage-based Insurance Market Restraints
11.3 Automotive Usage-based Insurance Trends Analysis
11.4 Porters Five Forces Analysis
  11.4.1 Threat of New Entrants
  11.4.2 Bargaining Power of Suppliers
  11.4.3 Bargaining Power of Buyers
  11.4.4 Threat of Substitutes
  11.4.5 Competitive Rivalry

12 INDUSTRY CHAIN ANALYSIS

12.1 Automotive Usage-based Insurance Industry Chain
12.2 Automotive Usage-based Insurance Upstream Analysis
12.3 Automotive Usage-based Insurance Midstream Analysis
12.4 Automotive Usage-based Insurance Downstream Analysis

13 RESEARCH FINDINGS AND CONCLUSION

14 APPENDIX

14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer


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