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Global Automotive Usage-based Insurance Market Research Report 2024
Synopsis
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.
The global Automotive Usage-based Insurance market was valued at US$ 150.7 million in 2023 and is anticipated to reach US$ 230.3 million by 2030, witnessing a CAGR of 6.1% 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 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 Usage-based Insurance.
Report Scope
The Automotive Usage-based Insurance market size, estimations, and forecasts are provided in terms of 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 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 Usage-based Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
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
Segment by Type
Pay-As-You-Drive(PAYD)
Pay-How-You-Drive(PHYD)
Manage-How-You-Drive(MHYD)
Segment by Application
Light-Duty Vehicle(LDV)
Heavy-Duty Vehicle(HDV)
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Usage-based Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
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.
The global Automotive Usage-based Insurance market was valued at US$ 150.7 million in 2023 and is anticipated to reach US$ 230.3 million by 2030, witnessing a CAGR of 6.1% 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 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 Usage-based Insurance.
Report Scope
The Automotive Usage-based Insurance market size, estimations, and forecasts are provided in terms of 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 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 Usage-based Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, 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
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
Segment by Type
Pay-As-You-Drive(PAYD)
Pay-How-You-Drive(PHYD)
Manage-How-You-Drive(MHYD)
Segment by Application
Light-Duty Vehicle(LDV)
Heavy-Duty Vehicle(HDV)
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (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: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Automotive Usage-based Insurance companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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 capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Automotive Usage-based Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Pay-As-You-Drive(PAYD)
1.2.3 Pay-How-You-Drive(PHYD)
1.2.4 Manage-How-You-Drive(MHYD)
1.3 Market by Application
1.3.1 Global Automotive Usage-based Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Light-Duty Vehicle(LDV)
1.3.3 Heavy-Duty Vehicle(HDV)
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Automotive Usage-based Insurance Market Perspective (2019-2030)
2.2 Automotive Usage-based Insurance Growth Trends by Region
2.2.1 Global Automotive Usage-based Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Automotive Usage-based Insurance Historic Market Size by Region (2019-2024)
2.2.3 Automotive Usage-based Insurance Forecasted Market Size by Region (2025-2030)
2.3 Automotive Usage-based Insurance Market Dynamics
2.3.1 Automotive Usage-based Insurance Industry Trends
2.3.2 Automotive Usage-based Insurance Market Drivers
2.3.3 Automotive Usage-based Insurance Market Challenges
2.3.4 Automotive Usage-based Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Automotive Usage-based Insurance Players by Revenue
3.1.1 Global Top Automotive Usage-based Insurance Players by Revenue (2019-2024)
3.1.2 Global Automotive Usage-based Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Automotive Usage-based Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Automotive Usage-based Insurance Revenue
3.4 Global Automotive Usage-based Insurance Market Concentration Ratio
3.4.1 Global Automotive Usage-based Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Automotive Usage-based Insurance Revenue in 2023
3.5 Automotive Usage-based Insurance Key Players Head office and Area Served
3.6 Key Players Automotive Usage-based Insurance Product Solution and Service
3.7 Date of Enter into Automotive Usage-based Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Automotive Usage-based Insurance Breakdown Data by Type
4.1 Global Automotive Usage-based Insurance Historic Market Size by Type (2019-2024)
4.2 Global Automotive Usage-based Insurance Forecasted Market Size by Type (2025-2030)
5 Automotive Usage-based Insurance Breakdown Data by Application
5.1 Global Automotive Usage-based Insurance Historic Market Size by Application (2019-2024)
5.2 Global Automotive Usage-based Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Automotive Usage-based Insurance Market Size (2019-2030)
6.2 North America Automotive Usage-based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Automotive Usage-based Insurance Market Size by Country (2019-2024)
6.4 North America Automotive Usage-based Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Automotive Usage-based Insurance Market Size (2019-2030)
7.2 Europe Automotive Usage-based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Automotive Usage-based Insurance Market Size by Country (2019-2024)
7.4 Europe Automotive Usage-based Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Automotive Usage-based Insurance Market Size (2019-2030)
8.2 Asia-Pacific Automotive Usage-based Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Automotive Usage-based Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Automotive Usage-based Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Automotive Usage-based Insurance Market Size (2019-2030)
9.2 Latin America Automotive Usage-based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Automotive Usage-based Insurance Market Size by Country (2019-2024)
9.4 Latin America Automotive Usage-based Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Automotive Usage-based Insurance Market Size (2019-2030)
10.2 Middle East & Africa Automotive Usage-based Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Automotive Usage-based Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Automotive Usage-based Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Progressive
11.1.1 Progressive Company Detail
11.1.2 Progressive Business Overview
11.1.3 Progressive Automotive Usage-based Insurance Introduction
11.1.4 Progressive Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.1.5 Progressive Recent Development
11.2 Allstate
11.2.1 Allstate Company Detail
11.2.2 Allstate Business Overview
11.2.3 Allstate Automotive Usage-based Insurance Introduction
11.2.4 Allstate Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.2.5 Allstate Recent Development
11.3 Octo Telematics
11.3.1 Octo Telematics Company Detail
11.3.2 Octo Telematics Business Overview
11.3.3 Octo Telematics Automotive Usage-based Insurance Introduction
11.3.4 Octo Telematics Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.3.5 Octo Telematics Recent Development
11.4 MetroMile
11.4.1 MetroMile Company Detail
11.4.2 MetroMile Business Overview
11.4.3 MetroMile Automotive Usage-based Insurance Introduction
11.4.4 MetroMile Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.4.5 MetroMile Recent Development
11.5 Allianz
11.5.1 Allianz Company Detail
11.5.2 Allianz Business Overview
11.5.3 Allianz Automotive Usage-based Insurance Introduction
11.5.4 Allianz Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.5.5 Allianz Recent Development
11.6 AXA
11.6.1 AXA Company Detail
11.6.2 AXA Business Overview
11.6.3 AXA Automotive Usage-based Insurance Introduction
11.6.4 AXA Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.6.5 AXA Recent Development
11.7 Liberty Mutual
11.7.1 Liberty Mutual Company Detail
11.7.2 Liberty Mutual Business Overview
11.7.3 Liberty Mutual Automotive Usage-based Insurance Introduction
11.7.4 Liberty Mutual Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.7.5 Liberty Mutual Recent Development
11.8 Verizon
11.8.1 Verizon Company Detail
11.8.2 Verizon Business Overview
11.8.3 Verizon Automotive Usage-based Insurance Introduction
11.8.4 Verizon Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.8.5 Verizon Recent Development
11.9 Movitrack Viasat
11.9.1 Movitrack Viasat Company Detail
11.9.2 Movitrack Viasat Business Overview
11.9.3 Movitrack Viasat Automotive Usage-based Insurance Introduction
11.9.4 Movitrack Viasat Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.9.5 Movitrack Viasat Recent Development
11.10 Nationwide
11.10.1 Nationwide Company Detail
11.10.2 Nationwide Business Overview
11.10.3 Nationwide Automotive Usage-based Insurance Introduction
11.10.4 Nationwide Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.10.5 Nationwide Recent Development
11.11 Esurance
11.11.1 Esurance Company Detail
11.11.2 Esurance Business Overview
11.11.3 Esurance Automotive Usage-based Insurance Introduction
11.11.4 Esurance Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.11.5 Esurance Recent Development
11.12 Safeco
11.12.1 Safeco Company Detail
11.12.2 Safeco Business Overview
11.12.3 Safeco Automotive Usage-based Insurance Introduction
11.12.4 Safeco Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.12.5 Safeco Recent Development
11.13 Travellers
11.13.1 Travellers Company Detail
11.13.2 Travellers Business Overview
11.13.3 Travellers Automotive Usage-based Insurance Introduction
11.13.4 Travellers Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.13.5 Travellers Recent Development
11.14 Liberty Mutual Insurance
11.14.1 Liberty Mutual Insurance Company Detail
11.14.2 Liberty Mutual Insurance Business Overview
11.14.3 Liberty Mutual Insurance Automotive Usage-based Insurance Introduction
11.14.4 Liberty Mutual Insurance Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.14.5 Liberty Mutual Insurance Recent Development
11.15 AIOI
11.15.1 AIOI Company Detail
11.15.2 AIOI Business Overview
11.15.3 AIOI Automotive Usage-based Insurance Introduction
11.15.4 AIOI Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.15.5 AIOI Recent Development
11.16 QBE
11.16.1 QBE Company Detail
11.16.2 QBE Business Overview
11.16.3 QBE Automotive Usage-based Insurance Introduction
11.16.4 QBE Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.16.5 QBE Recent Development
11.17 Modus Group
11.17.1 Modus Group Company Detail
11.17.2 Modus Group Business Overview
11.17.3 Modus Group Automotive Usage-based Insurance Introduction
11.17.4 Modus Group Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.17.5 Modus Group Recent Development
11.18 Intelligent Mechatronic Systems
11.18.1 Intelligent Mechatronic Systems Company Detail
11.18.2 Intelligent Mechatronic Systems Business Overview
11.18.3 Intelligent Mechatronic Systems Automotive Usage-based Insurance Introduction
11.18.4 Intelligent Mechatronic Systems Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.18.5 Intelligent Mechatronic Systems Recent Development
11.19 Inseego
11.19.1 Inseego Company Detail
11.19.2 Inseego Business Overview
11.19.3 Inseego Automotive Usage-based Insurance Introduction
11.19.4 Inseego Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.19.5 Inseego Recent Development
11.20 Truemotion
11.20.1 Truemotion Company Detail
11.20.2 Truemotion Business Overview
11.20.3 Truemotion Automotive Usage-based Insurance Introduction
11.20.4 Truemotion Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.20.5 Truemotion Recent Development
11.21 Cambridge Mobile Telematics
11.21.1 Cambridge Mobile Telematics Company Detail
11.21.2 Cambridge Mobile Telematics Business Overview
11.21.3 Cambridge Mobile Telematics Automotive Usage-based Insurance Introduction
11.21.4 Cambridge Mobile Telematics Revenue in Automotive Usage-based Insurance Business (2019-2024)
11.21.5 Cambridge Mobile Telematics Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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