Automotive Usage-based Insurance Market 2022-2030 Is Set To Experience Revolutionary Growth

United State- Automotive Usage-based Insurance Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Automotive Usage-based Insurance Market by region.

The Global Automotive Usage-Based Insurance (UBI) market was valued US$ 28.1 billion in 2021 and is projected to reach US$ 145.8 billion by 2030, growing at a CAGR of 27.9% from 2022 to 2030.

The flexible insurance premium, lower accident & vehicle theft possibilities, accurate & timely data collection, and lower fuel consumption are the major factors driving the market.

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Market Statistics:
The file offers market sizing and forecast throughout 5 primary currencies – USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.

Major market player included in this report are:
Allianz SE
Allstate Insurance Company
ASSICURAZIONI GENERALI SPA
AXA
Cambridge Mobile Telematics
Danlaw Inc.
Desjardins Group
Insure The Box Limited
Intelligent Mechatronic Systems Inc.
Liberty Mutual Insurance
Mapfre, S.A.
Metromile Inc.
Nationwide
Octo Technology
Progressive Casualty Insurance Company
Sierra Wireless
State Farm Mutual Automobile Insurance Company
TomTom International BV
UnipolSai Assicurazioni S.p.A.
Vodafone Automotive SpA
Zubie, Inc

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:

The research found on the market used to be carried out in 5 phases which encompass Secondary research, Primary research, issue count number, professional advice, great test, and remaining review.

The market statistics were once analyzed and forecasted the usage of market statistical and coherent models. Also, market shares and key traits had been taken into consideration whilst making the report. Apart from this, different statistics fashions consist of Vendor Positioning grids, Market TimeLine Analysis, Market Overview and Guide, Company Positioning grids, Company Market Share Analysis, Standards of Measurement, Top Bottom Analysis, and Vendor Share Analysis.

To be aware of extra information about the Research Methodology of Verified Market Intelligence and different elements of the lookup study, kindly get in contact with our income team.

A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries.

The detailed segments and sub-segment of the market are explained below:

By Insurance Type
Pay-how-you drive (PHYD)
Pay-as-you drive (PAYD)
Distance based insurance
Manage-how-you drive (MHYD)

By Vehicle Type
Passenger Cars
Light Commercial Vehicle
Heavy Commercial Vehicle

By Technology
OBD-II
Smartphone
Blackbox
Embedded Telematics

By Vehicle Age
New Vehicles
On-Road Vehicles

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By Region:
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rusia
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
South Africa
Rest of MEA

Table of Content:

• Market Definition and Overview
• Research Method and Logic
• Market Competition Analysis
• Product and Service Analysis
• Strategies for Company to Deal with the Impact of COVID-19
• Market Segment by Type, Historical Data and Market Forecasts
• Market Segment by Application, Historical Data and Market Forecasts
• Market by by Region, Historical Data and Market Forecasts
• Market Dynamic Analysis and Development Suggestions

Key Questions Answered in the Market Report

•    How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies?
•    What is the outlook for the impact market during the forecast period 2021-2030?
•    What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration?
•    What is the end user perception toward?
•    How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021?
•    What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration?
•    What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration?
•    What are the key strategies adopted by companies in the impact market?
•    What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030?
•    What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market?
•    Who are the key end users of pharmaceutical quality? What is their respective share in the impact market?
•    Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030?
•    Which are the key players in the impact market?

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