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Global Automotive UBI (Usage-based Insurance) Market Research Report 2024
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 was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Automotive UBI (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 UBI (Usage-based Insurance).
Report Scope
The Automotive UBI (Usage-based Insurance) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive UBI (Usage-based Insurance) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive UBI (Usage-based Insurance) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Allianz
AXA
Progressive
Generali Group
Insure The Box Ltd
Allstate
Desjardins
Metromile
Liberty Mutual
Aviva
Admiral Group
Ageas
Segment by Type
Odometer Data Based
GPS data based
Others
Segment by Application
Compact Car
Mid-size Car
Full-size Car
SUV/Crossover
Other
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive UBI (Usage-based Insurance) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive UBI (Usage-based Insurance) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive UBI (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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
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 was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Automotive UBI (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 UBI (Usage-based Insurance).
Report Scope
The Automotive UBI (Usage-based Insurance) market size, estimations, and forecasts are provided in terms of output/shipments (Units) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Automotive UBI (Usage-based Insurance) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Automotive UBI (Usage-based Insurance) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Allianz
AXA
Progressive
Generali Group
Insure The Box Ltd
Allstate
Desjardins
Metromile
Liberty Mutual
Aviva
Admiral Group
Ageas
Segment by Type
Odometer Data Based
GPS data based
Others
Segment by Application
Compact Car
Mid-size Car
Full-size Car
SUV/Crossover
Other
Production by Region
North America
Europe
China
Japan
South Korea
India
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Automotive UBI (Usage-based Insurance) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Automotive UBI (Usage-based Insurance) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Automotive UBI (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, and production of each country in the world.
Chapter 5: 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 6: 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 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: 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 10: The main points and conclusions of the report.
Index1 Automotive UBI (Usage-based Insurance) Market Overview
1.1 Product Definition
1.2 Automotive UBI (Usage-based Insurance) Segment by Type
1.2.1 Global Automotive UBI (Usage-based Insurance) Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Odometer Data Based
1.2.3 GPS data based
1.2.4 Others
1.3 Automotive UBI (Usage-based Insurance) Segment by Application
1.3.1 Global Automotive UBI (Usage-based Insurance) Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Compact Car
1.3.3 Mid-size Car
1.3.4 Full-size Car
1.3.5 SUV/Crossover
1.3.6 Other
1.4 Global Market Growth Prospects
1.4.1 Global Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Automotive UBI (Usage-based Insurance) Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Automotive UBI (Usage-based Insurance) Production Estimates and Forecasts (2019-2030)
1.4.4 Global Automotive UBI (Usage-based Insurance) Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Automotive UBI (Usage-based Insurance) Production Market Share by Manufacturers (2019-2024)
2.2 Global Automotive UBI (Usage-based Insurance) Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Automotive UBI (Usage-based Insurance), Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Automotive UBI (Usage-based Insurance) Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Automotive UBI (Usage-based Insurance) Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Automotive UBI (Usage-based Insurance), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Automotive UBI (Usage-based Insurance), Product Offered and Application
2.8 Global Key Manufacturers of Automotive UBI (Usage-based Insurance), Date of Enter into This Industry
2.9 Automotive UBI (Usage-based Insurance) Market Competitive Situation and Trends
2.9.1 Automotive UBI (Usage-based Insurance) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Automotive UBI (Usage-based Insurance) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Automotive UBI (Usage-based Insurance) Production by Region
3.1 Global Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Automotive UBI (Usage-based Insurance) Production Value by Region (2019-2030)
3.2.1 Global Automotive UBI (Usage-based Insurance) Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Automotive UBI (Usage-based Insurance) by Region (2025-2030)
3.3 Global Automotive UBI (Usage-based Insurance) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Automotive UBI (Usage-based Insurance) Production by Region (2019-2030)
3.4.1 Global Automotive UBI (Usage-based Insurance) Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Automotive UBI (Usage-based Insurance) by Region (2025-2030)
3.5 Global Automotive UBI (Usage-based Insurance) Market Price Analysis by Region (2019-2024)
3.6 Global Automotive UBI (Usage-based Insurance) Production and Value, Year-over-Year Growth
3.6.1 North America Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
3.6.5 South Korea Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
3.6.6 India Automotive UBI (Usage-based Insurance) Production Value Estimates and Forecasts (2019-2030)
4 Automotive UBI (Usage-based Insurance) Consumption by Region
4.1 Global Automotive UBI (Usage-based Insurance) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Automotive UBI (Usage-based Insurance) Consumption by Region (2019-2030)
4.2.1 Global Automotive UBI (Usage-based Insurance) Consumption by Region (2019-2024)
4.2.2 Global Automotive UBI (Usage-based Insurance) Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Automotive UBI (Usage-based Insurance) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Automotive UBI (Usage-based Insurance) Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Automotive UBI (Usage-based Insurance) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Automotive UBI (Usage-based Insurance) Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Automotive UBI (Usage-based Insurance) Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Automotive UBI (Usage-based Insurance) Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Automotive UBI (Usage-based Insurance) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Automotive UBI (Usage-based Insurance) Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Automotive UBI (Usage-based Insurance) Production by Type (2019-2030)
5.1.1 Global Automotive UBI (Usage-based Insurance) Production by Type (2019-2024)
5.1.2 Global Automotive UBI (Usage-based Insurance) Production by Type (2025-2030)
5.1.3 Global Automotive UBI (Usage-based Insurance) Production Market Share by Type (2019-2030)
5.2 Global Automotive UBI (Usage-based Insurance) Production Value by Type (2019-2030)
5.2.1 Global Automotive UBI (Usage-based Insurance) Production Value by Type (2019-2024)
5.2.2 Global Automotive UBI (Usage-based Insurance) Production Value by Type (2025-2030)
5.2.3 Global Automotive UBI (Usage-based Insurance) Production Value Market Share by Type (2019-2030)
5.3 Global Automotive UBI (Usage-based Insurance) Price by Type (2019-2030)
6 Segment by Application
6.1 Global Automotive UBI (Usage-based Insurance) Production by Application (2019-2030)
6.1.1 Global Automotive UBI (Usage-based Insurance) Production by Application (2019-2024)
6.1.2 Global Automotive UBI (Usage-based Insurance) Production by Application (2025-2030)
6.1.3 Global Automotive UBI (Usage-based Insurance) Production Market Share by Application (2019-2030)
6.2 Global Automotive UBI (Usage-based Insurance) Production Value by Application (2019-2030)
6.2.1 Global Automotive UBI (Usage-based Insurance) Production Value by Application (2019-2024)
6.2.2 Global Automotive UBI (Usage-based Insurance) Production Value by Application (2025-2030)
6.2.3 Global Automotive UBI (Usage-based Insurance) Production Value Market Share by Application (2019-2030)
6.3 Global Automotive UBI (Usage-based Insurance) Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Allianz
7.1.1 Allianz Automotive UBI (Usage-based Insurance) Corporation Information
7.1.2 Allianz Automotive UBI (Usage-based Insurance) Product Portfolio
7.1.3 Allianz Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Allianz Main Business and Markets Served
7.1.5 Allianz Recent Developments/Updates
7.2 AXA
7.2.1 AXA Automotive UBI (Usage-based Insurance) Corporation Information
7.2.2 AXA Automotive UBI (Usage-based Insurance) Product Portfolio
7.2.3 AXA Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.2.4 AXA Main Business and Markets Served
7.2.5 AXA Recent Developments/Updates
7.3 Progressive
7.3.1 Progressive Automotive UBI (Usage-based Insurance) Corporation Information
7.3.2 Progressive Automotive UBI (Usage-based Insurance) Product Portfolio
7.3.3 Progressive Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.3.4 Progressive Main Business and Markets Served
7.3.5 Progressive Recent Developments/Updates
7.4 Generali Group
7.4.1 Generali Group Automotive UBI (Usage-based Insurance) Corporation Information
7.4.2 Generali Group Automotive UBI (Usage-based Insurance) Product Portfolio
7.4.3 Generali Group Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Generali Group Main Business and Markets Served
7.4.5 Generali Group Recent Developments/Updates
7.5 Insure The Box Ltd
7.5.1 Insure The Box Ltd Automotive UBI (Usage-based Insurance) Corporation Information
7.5.2 Insure The Box Ltd Automotive UBI (Usage-based Insurance) Product Portfolio
7.5.3 Insure The Box Ltd Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Insure The Box Ltd Main Business and Markets Served
7.5.5 Insure The Box Ltd Recent Developments/Updates
7.6 Allstate
7.6.1 Allstate Automotive UBI (Usage-based Insurance) Corporation Information
7.6.2 Allstate Automotive UBI (Usage-based Insurance) Product Portfolio
7.6.3 Allstate Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.6.4 Allstate Main Business and Markets Served
7.6.5 Allstate Recent Developments/Updates
7.7 Desjardins
7.7.1 Desjardins Automotive UBI (Usage-based Insurance) Corporation Information
7.7.2 Desjardins Automotive UBI (Usage-based Insurance) Product Portfolio
7.7.3 Desjardins Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.7.4 Desjardins Main Business and Markets Served
7.7.5 Desjardins Recent Developments/Updates
7.8 Metromile
7.8.1 Metromile Automotive UBI (Usage-based Insurance) Corporation Information
7.8.2 Metromile Automotive UBI (Usage-based Insurance) Product Portfolio
7.8.3 Metromile Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.8.4 Metromile Main Business and Markets Served
7.7.5 Metromile Recent Developments/Updates
7.9 Liberty Mutual
7.9.1 Liberty Mutual Automotive UBI (Usage-based Insurance) Corporation Information
7.9.2 Liberty Mutual Automotive UBI (Usage-based Insurance) Product Portfolio
7.9.3 Liberty Mutual Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.9.4 Liberty Mutual Main Business and Markets Served
7.9.5 Liberty Mutual Recent Developments/Updates
7.10 Aviva
7.10.1 Aviva Automotive UBI (Usage-based Insurance) Corporation Information
7.10.2 Aviva Automotive UBI (Usage-based Insurance) Product Portfolio
7.10.3 Aviva Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.10.4 Aviva Main Business and Markets Served
7.10.5 Aviva Recent Developments/Updates
7.11 Admiral Group
7.11.1 Admiral Group Automotive UBI (Usage-based Insurance) Corporation Information
7.11.2 Admiral Group Automotive UBI (Usage-based Insurance) Product Portfolio
7.11.3 Admiral Group Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.11.4 Admiral Group Main Business and Markets Served
7.11.5 Admiral Group Recent Developments/Updates
7.12 Ageas
7.12.1 Ageas Automotive UBI (Usage-based Insurance) Corporation Information
7.12.2 Ageas Automotive UBI (Usage-based Insurance) Product Portfolio
7.12.3 Ageas Automotive UBI (Usage-based Insurance) Production, Value, Price and Gross Margin (2019-2024)
7.12.4 Ageas Main Business and Markets Served
7.12.5 Ageas Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Automotive UBI (Usage-based Insurance) Industry Chain Analysis
8.2 Automotive UBI (Usage-based Insurance) Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Automotive UBI (Usage-based Insurance) Production Mode & Process
8.4 Automotive UBI (Usage-based Insurance) Sales and Marketing
8.4.1 Automotive UBI (Usage-based Insurance) Sales Channels
8.4.2 Automotive UBI (Usage-based Insurance) Distributors
8.5 Automotive UBI (Usage-based Insurance) Customers
9 Automotive UBI (Usage-based Insurance) Market Dynamics
9.1 Automotive UBI (Usage-based Insurance) Industry Trends
9.2 Automotive UBI (Usage-based Insurance) Market Drivers
9.3 Automotive UBI (Usage-based Insurance) Market Challenges
9.4 Automotive UBI (Usage-based Insurance) Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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