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Automotive UBI (Usage-based Insurance)-Global Market Insights and Sales Trends 2024

Automotive UBI (Usage-based Insurance)-Global Market Insights and Sales Trends 2024

Publishing Date : Dec, 2023

License Type :
 

Report Code : 1862596

No of Pages : 106

Synopsis
The usage-based insurance for automotive is a method to calculate the insurance premium. The amount of insurance premium is decided on the basis of a driving score which is calculated by considering factors such as vehicle usage, location, speeding, braking, cornering, night driving, and distracted driving. Based on the driving score, automotive insurance providers offer a discount on the insurance premium.
The global Automotive UBI (Usage-based Insurance) market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Automotive UBI (Usage-based Insurance) in various end use industries. The expanding demands from the Compact Car, Mid-size Car, Full-size Car and SUV/Crossover, are propelling Automotive UBI (Usage-based Insurance) market. Odometer Data Based, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the GPS data based segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Automotive UBI (Usage-based Insurance), with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Automotive UBI (Usage-based Insurance) market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Automotive UBI (Usage-based Insurance) market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Automotive UBI (Usage-based Insurance) sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Automotive UBI (Usage-based Insurance) covered in this report include Allianz, AXA, Progressive, Generali Group, Insure The Box Ltd, Allstate, Desjardins, Metromile and Liberty Mutual, etc.
The global Automotive UBI (Usage-based Insurance) market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Allianz
AXA
Progressive
Generali Group
Insure The Box Ltd
Allstate
Desjardins
Metromile
Liberty Mutual
Aviva
Admiral Group
Ageas
Global Automotive UBI (Usage-based Insurance) market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Automotive UBI (Usage-based Insurance) market, Segment by Type:
Odometer Data Based
GPS data based
Others
Global Automotive UBI (Usage-based Insurance) market, by Application
Compact Car
Mid-size Car
Full-size Car
SUV/Crossover
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Automotive UBI (Usage-based Insurance) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Automotive UBI (Usage-based Insurance) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: 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 Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index
1 Automotive UBI (Usage-based Insurance) Market Overview
1.1 Automotive UBI (Usage-based Insurance) Product Overview
1.2 Automotive UBI (Usage-based Insurance) Market Segment by Type
1.2.1 Odometer Data Based
1.2.2 GPS data based
1.2.3 Others
1.3 Global Automotive UBI (Usage-based Insurance) Market Size by Type
1.3.1 Global Automotive UBI (Usage-based Insurance) Market Size Overview by Type (2018-2029)
1.3.2 Global Automotive UBI (Usage-based Insurance) Historic Market Size Review by Type (2018-2023)
1.3.3 Global Automotive UBI (Usage-based Insurance) Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Automotive UBI (Usage-based Insurance) Sales Breakdown by Type (2018-2023)
1.4.2 Europe Automotive UBI (Usage-based Insurance) Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Automotive UBI (Usage-based Insurance) Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Automotive UBI (Usage-based Insurance) Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Automotive UBI (Usage-based Insurance) Sales Breakdown by Type (2018-2023)
2 Global Automotive UBI (Usage-based Insurance) Market Competition by Company
2.1 Global Top Players by Automotive UBI (Usage-based Insurance) Sales (2018-2023)
2.2 Global Top Players by Automotive UBI (Usage-based Insurance) Revenue (2018-2023)
2.3 Global Top Players by Automotive UBI (Usage-based Insurance) Price (2018-2023)
2.4 Global Top Manufacturers Automotive UBI (Usage-based Insurance) Manufacturing Base Distribution, Sales Area, Product Type
2.5 Automotive UBI (Usage-based Insurance) Market Competitive Situation and Trends
2.5.1 Automotive UBI (Usage-based Insurance) Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Automotive UBI (Usage-based Insurance) Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Automotive UBI (Usage-based Insurance) as of 2022)
2.7 Date of Key Manufacturers Enter into Automotive UBI (Usage-based Insurance) Market
2.8 Key Manufacturers Automotive UBI (Usage-based Insurance) Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Automotive UBI (Usage-based Insurance) Status and Outlook by Region
3.1 Global Automotive UBI (Usage-based Insurance) Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Automotive UBI (Usage-based Insurance) Historic Market Size by Region
3.2.1 Global Automotive UBI (Usage-based Insurance) Sales in Volume by Region (2018-2023)
3.2.2 Global Automotive UBI (Usage-based Insurance) Sales in Value by Region (2018-2023)
3.2.3 Global Automotive UBI (Usage-based Insurance) Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Automotive UBI (Usage-based Insurance) Forecasted Market Size by Region
3.3.1 Global Automotive UBI (Usage-based Insurance) Sales in Volume by Region (2024-2029)
3.3.2 Global Automotive UBI (Usage-based Insurance) Sales in Value by Region (2024-2029)
3.3.3 Global Automotive UBI (Usage-based Insurance) Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Automotive UBI (Usage-based Insurance) by Application
4.1 Automotive UBI (Usage-based Insurance) Market Segment by Application
4.1.1 Compact Car
4.1.2 Mid-size Car
4.1.3 Full-size Car
4.1.4 SUV/Crossover
4.1.5 Other
4.2 Global Automotive UBI (Usage-based Insurance) Market Size by Application
4.2.1 Global Automotive UBI (Usage-based Insurance) Market Size Overview by Application (2018-2029)
4.2.2 Global Automotive UBI (Usage-based Insurance) Historic Market Size Review by Application (2018-2023)
4.2.3 Global Automotive UBI (Usage-based Insurance) Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Automotive UBI (Usage-based Insurance) Sales Breakdown by Application (2018-2023)
4.3.2 Europe Automotive UBI (Usage-based Insurance) Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Automotive UBI (Usage-based Insurance) Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Automotive UBI (Usage-based Insurance) Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Automotive UBI (Usage-based Insurance) Sales Breakdown by Application (2018-2023)
5 North America Automotive UBI (Usage-based Insurance) by Country
5.1 North America Automotive UBI (Usage-based Insurance) Historic Market Size by Country
5.1.1 North America Automotive UBI (Usage-based Insurance) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2018-2023)
5.1.3 North America Automotive UBI (Usage-based Insurance) Sales in Value by Country (2018-2023)
5.2 North America Automotive UBI (Usage-based Insurance) Forecasted Market Size by Country
5.2.1 North America Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2024-2029)
5.2.2 North America Automotive UBI (Usage-based Insurance) Sales in Value by Country (2024-2029)
6 Europe Automotive UBI (Usage-based Insurance) by Country
6.1 Europe Automotive UBI (Usage-based Insurance) Historic Market Size by Country
6.1.1 Europe Automotive UBI (Usage-based Insurance) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2018-2023)
6.1.3 Europe Automotive UBI (Usage-based Insurance) Sales in Value by Country (2018-2023)
6.2 Europe Automotive UBI (Usage-based Insurance) Forecasted Market Size by Country
6.2.1 Europe Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2024-2029)
6.2.2 Europe Automotive UBI (Usage-based Insurance) Sales in Value by Country (2024-2029)
7 Asia-Pacific Automotive UBI (Usage-based Insurance) by Region
7.1 Asia-Pacific Automotive UBI (Usage-based Insurance) Historic Market Size by Region
7.1.1 Asia-Pacific Automotive UBI (Usage-based Insurance) Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Automotive UBI (Usage-based Insurance) Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Automotive UBI (Usage-based Insurance) Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Automotive UBI (Usage-based Insurance) Forecasted Market Size by Region
7.2.1 Asia-Pacific Automotive UBI (Usage-based Insurance) Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Automotive UBI (Usage-based Insurance) Sales in Value by Region (2024-2029)
8 Latin America Automotive UBI (Usage-based Insurance) by Country
8.1 Latin America Automotive UBI (Usage-based Insurance) Historic Market Size by Country
8.1.1 Latin America Automotive UBI (Usage-based Insurance) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2018-2023)
8.1.3 Latin America Automotive UBI (Usage-based Insurance) Sales in Value by Country (2018-2023)
8.2 Latin America Automotive UBI (Usage-based Insurance) Forecasted Market Size by Country
8.2.1 Latin America Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2024-2029)
8.2.2 Latin America Automotive UBI (Usage-based Insurance) Sales in Value by Country (2024-2029)
9 Middle East and Africa Automotive UBI (Usage-based Insurance) by Country
9.1 Middle East and Africa Automotive UBI (Usage-based Insurance) Historic Market Size by Country
9.1.1 Middle East and Africa Automotive UBI (Usage-based Insurance) Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Automotive UBI (Usage-based Insurance) Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Automotive UBI (Usage-based Insurance) Forecasted Market Size by Country
9.2.1 Middle East and Africa Automotive UBI (Usage-based Insurance) Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Automotive UBI (Usage-based Insurance) Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Allianz
10.1.1 Allianz Company Information
10.1.2 Allianz Introduction and Business Overview
10.1.3 Allianz Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Allianz Automotive UBI (Usage-based Insurance) Products Offered
10.1.5 Allianz Recent Development
10.2 AXA
10.2.1 AXA Company Information
10.2.2 AXA Introduction and Business Overview
10.2.3 AXA Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.2.4 AXA Automotive UBI (Usage-based Insurance) Products Offered
10.2.5 AXA Recent Development
10.3 Progressive
10.3.1 Progressive Company Information
10.3.2 Progressive Introduction and Business Overview
10.3.3 Progressive Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Progressive Automotive UBI (Usage-based Insurance) Products Offered
10.3.5 Progressive Recent Development
10.4 Generali Group
10.4.1 Generali Group Company Information
10.4.2 Generali Group Introduction and Business Overview
10.4.3 Generali Group Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Generali Group Automotive UBI (Usage-based Insurance) Products Offered
10.4.5 Generali Group Recent Development
10.5 Insure The Box Ltd
10.5.1 Insure The Box Ltd Company Information
10.5.2 Insure The Box Ltd Introduction and Business Overview
10.5.3 Insure The Box Ltd Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Insure The Box Ltd Automotive UBI (Usage-based Insurance) Products Offered
10.5.5 Insure The Box Ltd Recent Development
10.6 Allstate
10.6.1 Allstate Company Information
10.6.2 Allstate Introduction and Business Overview
10.6.3 Allstate Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Allstate Automotive UBI (Usage-based Insurance) Products Offered
10.6.5 Allstate Recent Development
10.7 Desjardins
10.7.1 Desjardins Company Information
10.7.2 Desjardins Introduction and Business Overview
10.7.3 Desjardins Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Desjardins Automotive UBI (Usage-based Insurance) Products Offered
10.7.5 Desjardins Recent Development
10.8 Metromile
10.8.1 Metromile Company Information
10.8.2 Metromile Introduction and Business Overview
10.8.3 Metromile Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Metromile Automotive UBI (Usage-based Insurance) Products Offered
10.8.5 Metromile Recent Development
10.9 Liberty Mutual
10.9.1 Liberty Mutual Company Information
10.9.2 Liberty Mutual Introduction and Business Overview
10.9.3 Liberty Mutual Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Liberty Mutual Automotive UBI (Usage-based Insurance) Products Offered
10.9.5 Liberty Mutual Recent Development
10.10 Aviva
10.10.1 Aviva Company Information
10.10.2 Aviva Introduction and Business Overview
10.10.3 Aviva Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Aviva Automotive UBI (Usage-based Insurance) Products Offered
10.10.5 Aviva Recent Development
10.11 Admiral Group
10.11.1 Admiral Group Company Information
10.11.2 Admiral Group Introduction and Business Overview
10.11.3 Admiral Group Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Admiral Group Automotive UBI (Usage-based Insurance) Products Offered
10.11.5 Admiral Group Recent Development
10.12 Ageas
10.12.1 Ageas Company Information
10.12.2 Ageas Introduction and Business Overview
10.12.3 Ageas Automotive UBI (Usage-based Insurance) Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Ageas Automotive UBI (Usage-based Insurance) Products Offered
10.12.5 Ageas Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Automotive UBI (Usage-based Insurance) Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Automotive UBI (Usage-based Insurance) Industrial Chain Analysis
11.4 Automotive UBI (Usage-based Insurance) Market Dynamics
11.4.1 Automotive UBI (Usage-based Insurance) Industry Trends
11.4.2 Automotive UBI (Usage-based Insurance) Market Drivers
11.4.3 Automotive UBI (Usage-based Insurance) Market Challenges
11.4.4 Automotive UBI (Usage-based Insurance) Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Automotive UBI (Usage-based Insurance) Distributors
12.3 Automotive UBI (Usage-based Insurance) Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer

Published By : QY Research

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