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The Global Automotive Usage-Based Insurance Market is expected to grow by 46.50 mn units during 2021-2025 progressing at a CAGR of 7% during the forecast period

ReportLinker
·3-min read

Global Automotive Usage-Based Insurance Market 2021-2025 The analyst has been monitoring the automotive usage-based insurance market and it is poised to grow by 46. 50 mn units during 2021-2025 progressing at a CAGR of 7% during the forecast period.

New York, March 22, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Automotive Usage-Based Insurance Market 2021-2025" - https://www.reportlinker.com/p04611133/?utm_source=GNW
Our report on 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 global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growth in smartphone-enabled programs and their usage, lower number of accidents and vehicle theft possibilities and flexible pricing schemes. In addition, growth in smartphone-enabled programs and their usage is anticipated to boost the growth of the market as well.
The automotive usage-based insurance market analysis includes application segment, pricing scheme segment and geographical landscapes.

The automotive usage-based insurance market is segmented as below:
By Geographical Landscapes
• Europe
• North America
• APAC
• MEA
• South America

By Application
• Embedded UBI
• App-based UBI

By Pricing Scheme
• PHYD
• PAYD
• MHYD

This study identifies the shared data plans to reduce the number of data subscriptions per user as one of the prime reasons driving the automotive usage-based insurance market growth during the next few years. Also, big data platforms provided by connected cars to push further developments in ubi, and growing LTE data connections in cars to support ethernet adoption will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on 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

This 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 Allianz Partners SAS, AXA Group, Howden Broking Group Plc, Liberty Mutual Holding Co. Inc., OCTO Group Spa, Sierra Wireless Inc., The Progressive Corp., Trak Global Group, Verizon Communications Inc., and Vodafone Group Plc. 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 on 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 analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by 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. Technavio’s market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.
Read the full report: https://www.reportlinker.com/p04611133/?utm_source=GNW

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