The global Automotive Usage-based Insurance market size was valued at US$ 147.5 million in 2023. With growing demand in downstream market, the Automotive Usage-based Insurance is forecast to a readjusted size of US$ 227 million by 2030 with a CAGR of 6.4% during review period.
The research report highlights the growth potential of the global Automotive Usage-based Insurance market. Automotive Usage-based Insurance are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Automotive Usage-based Insurance. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Automotive Usage-based Insurance market.
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.
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.
Key Features:
The report on Automotive Usage-based Insurance market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Automotive Usage-based Insurance market. It may include historical data, market segmentation by Type (e.g., Pay-As-You-Drive(PAYD), Pay-How-You-Drive(PHYD)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Automotive Usage-based Insurance market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Automotive Usage-based Insurance market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Automotive Usage-based Insurance industry. This include advancements in Automotive Usage-based Insurance technology, Automotive Usage-based Insurance new entrants, Automotive Usage-based Insurance new investment, and other innovations that are shaping the future of Automotive Usage-based Insurance.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Automotive Usage-based Insurance market. It includes factors influencing customer ' purchasing decisions, preferences for Automotive Usage-based Insurance product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Automotive Usage-based Insurance market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Automotive Usage-based Insurance market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Automotive Usage-based Insurance market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Automotive Usage-based Insurance industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Automotive Usage-based Insurance market.
Market Segmentation:
Automotive Usage-based Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Pay-As-You-Drive(PAYD)
Pay-How-You-Drive(PHYD)
Manage-How-You-Drive(MHYD)
Segmentation by application
Light-Duty Vehicle(LDV)
Heavy-Duty Vehicle(HDV)
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Automotive Usage-based Insurance Market Size 2019-2030
2.1.2 Automotive Usage-based Insurance Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Automotive Usage-based Insurance Segment by Type
2.2.1 Pay-As-You-Drive(PAYD)
2.2.2 Pay-How-You-Drive(PHYD)
2.2.3 Manage-How-You-Drive(MHYD)
2.3 Automotive Usage-based Insurance Market Size by Type
2.3.1 Automotive Usage-based Insurance Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Automotive Usage-based Insurance Market Size Market Share by Type (2019-2024)
2.4 Automotive Usage-based Insurance Segment by Application
2.4.1 Light-Duty Vehicle(LDV)
2.4.2 Heavy-Duty Vehicle(HDV)
2.5 Automotive Usage-based Insurance Market Size by Application
2.5.1 Automotive Usage-based Insurance Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Automotive Usage-based Insurance Market Size Market Share by Application (2019-2024)
3 Automotive Usage-based Insurance Market Size by Player
3.1 Automotive Usage-based Insurance Market Size Market Share by Players
3.1.1 Global Automotive Usage-based Insurance Revenue by Players (2019-2024)
3.1.2 Global Automotive Usage-based Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Automotive Usage-based Insurance Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Automotive Usage-based Insurance by Regions
4.1 Automotive Usage-based Insurance Market Size by Regions (2019-2024)
4.2 Americas Automotive Usage-based Insurance Market Size Growth (2019-2024)
4.3 APAC Automotive Usage-based Insurance Market Size Growth (2019-2024)
4.4 Europe Automotive Usage-based Insurance Market Size Growth (2019-2024)
4.5 Middle East & Africa Automotive Usage-based Insurance Market Size Growth (2019-2024)
5 Americas
5.1 Americas Automotive Usage-based Insurance Market Size by Country (2019-2024)
5.2 Americas Automotive Usage-based Insurance Market Size by Type (2019-2024)
5.3 Americas Automotive Usage-based Insurance Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Automotive Usage-based Insurance Market Size by Region (2019-2024)
6.2 APAC Automotive Usage-based Insurance Market Size by Type (2019-2024)
6.3 APAC Automotive Usage-based Insurance Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Automotive Usage-based Insurance by Country (2019-2024)
7.2 Europe Automotive Usage-based Insurance Market Size by Type (2019-2024)
7.3 Europe Automotive Usage-based Insurance Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Automotive Usage-based Insurance by Region (2019-2024)
8.2 Middle East & Africa Automotive Usage-based Insurance Market Size by Type (2019-2024)
8.3 Middle East & Africa Automotive Usage-based Insurance Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Automotive Usage-based Insurance Market Forecast
10.1 Global Automotive Usage-based Insurance Forecast by Regions (2025-2030)
10.1.1 Global Automotive Usage-based Insurance Forecast by Regions (2025-2030)
10.1.2 Americas Automotive Usage-based Insurance Forecast
10.1.3 APAC Automotive Usage-based Insurance Forecast
10.1.4 Europe Automotive Usage-based Insurance Forecast
10.1.5 Middle East & Africa Automotive Usage-based Insurance Forecast
10.2 Americas Automotive Usage-based Insurance Forecast by Country (2025-2030)
10.2.1 United States Automotive Usage-based Insurance Market Forecast
10.2.2 Canada Automotive Usage-based Insurance Market Forecast
10.2.3 Mexico Automotive Usage-based Insurance Market Forecast
10.2.4 Brazil Automotive Usage-based Insurance Market Forecast
10.3 APAC Automotive Usage-based Insurance Forecast by Region (2025-2030)
10.3.1 China Automotive Usage-based Insurance Market Forecast
10.3.2 Japan Automotive Usage-based Insurance Market Forecast
10.3.3 Korea Automotive Usage-based Insurance Market Forecast
10.3.4 Southeast Asia Automotive Usage-based Insurance Market Forecast
10.3.5 India Automotive Usage-based Insurance Market Forecast
10.3.6 Australia Automotive Usage-based Insurance Market Forecast
10.4 Europe Automotive Usage-based Insurance Forecast by Country (2025-2030)
10.4.1 Germany Automotive Usage-based Insurance Market Forecast
10.4.2 France Automotive Usage-based Insurance Market Forecast
10.4.3 UK Automotive Usage-based Insurance Market Forecast
10.4.4 Italy Automotive Usage-based Insurance Market Forecast
10.4.5 Russia Automotive Usage-based Insurance Market Forecast
10.5 Middle East & Africa Automotive Usage-based Insurance Forecast by Region (2025-2030)
10.5.1 Egypt Automotive Usage-based Insurance Market Forecast
10.5.2 South Africa Automotive Usage-based Insurance Market Forecast
10.5.3 Israel Automotive Usage-based Insurance Market Forecast
10.5.4 Turkey Automotive Usage-based Insurance Market Forecast
10.5.5 GCC Countries Automotive Usage-based Insurance Market Forecast
10.6 Global Automotive Usage-based Insurance Forecast by Type (2025-2030)
10.7 Global Automotive Usage-based Insurance Forecast by Application (2025-2030)
11 Key Players Analysis
11.1 Progressive
11.1.1 Progressive Company Information
11.1.2 Progressive Automotive Usage-based Insurance Product Offered
11.1.3 Progressive Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Progressive Main Business Overview
11.1.5 Progressive Latest Developments
11.2 Allstate
11.2.1 Allstate Company Information
11.2.2 Allstate Automotive Usage-based Insurance Product Offered
11.2.3 Allstate Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Allstate Main Business Overview
11.2.5 Allstate Latest Developments
11.3 Octo Telematics
11.3.1 Octo Telematics Company Information
11.3.2 Octo Telematics Automotive Usage-based Insurance Product Offered
11.3.3 Octo Telematics Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Octo Telematics Main Business Overview
11.3.5 Octo Telematics Latest Developments
11.4 MetroMile
11.4.1 MetroMile Company Information
11.4.2 MetroMile Automotive Usage-based Insurance Product Offered
11.4.3 MetroMile Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 MetroMile Main Business Overview
11.4.5 MetroMile Latest Developments
11.5 Allianz
11.5.1 Allianz Company Information
11.5.2 Allianz Automotive Usage-based Insurance Product Offered
11.5.3 Allianz Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Allianz Main Business Overview
11.5.5 Allianz Latest Developments
11.6 AXA
11.6.1 AXA Company Information
11.6.2 AXA Automotive Usage-based Insurance Product Offered
11.6.3 AXA Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 AXA Main Business Overview
11.6.5 AXA Latest Developments
11.7 Liberty Mutual
11.7.1 Liberty Mutual Company Information
11.7.2 Liberty Mutual Automotive Usage-based Insurance Product Offered
11.7.3 Liberty Mutual Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Liberty Mutual Main Business Overview
11.7.5 Liberty Mutual Latest Developments
11.8 Verizon
11.8.1 Verizon Company Information
11.8.2 Verizon Automotive Usage-based Insurance Product Offered
11.8.3 Verizon Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Verizon Main Business Overview
11.8.5 Verizon Latest Developments
11.9 Movitrack Viasat
11.9.1 Movitrack Viasat Company Information
11.9.2 Movitrack Viasat Automotive Usage-based Insurance Product Offered
11.9.3 Movitrack Viasat Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Movitrack Viasat Main Business Overview
11.9.5 Movitrack Viasat Latest Developments
11.10 Nationwide
11.10.1 Nationwide Company Information
11.10.2 Nationwide Automotive Usage-based Insurance Product Offered
11.10.3 Nationwide Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Nationwide Main Business Overview
11.10.5 Nationwide Latest Developments
11.11 Esurance
11.11.1 Esurance Company Information
11.11.2 Esurance Automotive Usage-based Insurance Product Offered
11.11.3 Esurance Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Esurance Main Business Overview
11.11.5 Esurance Latest Developments
11.12 Safeco
11.12.1 Safeco Company Information
11.12.2 Safeco Automotive Usage-based Insurance Product Offered
11.12.3 Safeco Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Safeco Main Business Overview
11.12.5 Safeco Latest Developments
11.13 Travellers
11.13.1 Travellers Company Information
11.13.2 Travellers Automotive Usage-based Insurance Product Offered
11.13.3 Travellers Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.13.4 Travellers Main Business Overview
11.13.5 Travellers Latest Developments
11.14 Liberty Mutual Insurance
11.14.1 Liberty Mutual Insurance Company Information
11.14.2 Liberty Mutual Insurance Automotive Usage-based Insurance Product Offered
11.14.3 Liberty Mutual Insurance Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.14.4 Liberty Mutual Insurance Main Business Overview
11.14.5 Liberty Mutual Insurance Latest Developments
11.15 AIOI
11.15.1 AIOI Company Information
11.15.2 AIOI Automotive Usage-based Insurance Product Offered
11.15.3 AIOI Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.15.4 AIOI Main Business Overview
11.15.5 AIOI Latest Developments
11.16 QBE
11.16.1 QBE Company Information
11.16.2 QBE Automotive Usage-based Insurance Product Offered
11.16.3 QBE Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.16.4 QBE Main Business Overview
11.16.5 QBE Latest Developments
11.17 Modus Group
11.17.1 Modus Group Company Information
11.17.2 Modus Group Automotive Usage-based Insurance Product Offered
11.17.3 Modus Group Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.17.4 Modus Group Main Business Overview
11.17.5 Modus Group Latest Developments
11.18 Intelligent Mechatronic Systems
11.18.1 Intelligent Mechatronic Systems Company Information
11.18.2 Intelligent Mechatronic Systems Automotive Usage-based Insurance Product Offered
11.18.3 Intelligent Mechatronic Systems Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.18.4 Intelligent Mechatronic Systems Main Business Overview
11.18.5 Intelligent Mechatronic Systems Latest Developments
11.19 Inseego
11.19.1 Inseego Company Information
11.19.2 Inseego Automotive Usage-based Insurance Product Offered
11.19.3 Inseego Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.19.4 Inseego Main Business Overview
11.19.5 Inseego Latest Developments
11.20 Truemotion
11.20.1 Truemotion Company Information
11.20.2 Truemotion Automotive Usage-based Insurance Product Offered
11.20.3 Truemotion Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.20.4 Truemotion Main Business Overview
11.20.5 Truemotion Latest Developments
11.21 Cambridge Mobile Telematics
11.21.1 Cambridge Mobile Telematics Company Information
11.21.2 Cambridge Mobile Telematics Automotive Usage-based Insurance Product Offered
11.21.3 Cambridge Mobile Telematics Automotive Usage-based Insurance Revenue, Gross Margin and Market Share (2019-2024)
11.21.4 Cambridge Mobile Telematics Main Business Overview
11.21.5 Cambridge Mobile Telematics Latest Developments
12 Research Findings and Conclusion
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*If Applicable.