Usage-Based Insurance Market Analysis, Industry Growth, Development Plans Forecast To 2032

August 31, 2023

The Usage-Based Insurance Global Market Report 2023, provides comprehensive information on the usage-based insurance market across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/usage-based-insurance-global-market-report

As per The Business Research Company’s Usage-Based Insurance Global Market Report 2023, the global usage-based insurance market size grew from $54.25 billion in 2022 to $67.92 billion in 2023 at a compound annual growth rate (CAGR) of 25.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The usage-based insurance market size is expected to grow to $166.88 billion in 2027 at a CAGR of 25.2%.

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The usage-based insurance market is segmented:

1) By Vehicle Type: Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)

2) By Technology: OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, Black-Box-Based UBI Programs

3) By Package Type: Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)

North America was the largest region in the usage-based insurance market in 2022.

The table of contents in TBRC’s usage-based insurance market report includes:

1. Executive Summary

2. Usage Based Insurance Market Characteristics

3. Usage Based Insurance Market Trends And Strategies

4. Usage Based Insurance Market - Macro Economic Scenario

5. Usage Based Insurance Market Size And Growth

....

27. Usage Based Insurance Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Usage Based Insurance Market

29. Usage Based Insurance Market Future Outlook and Potential Analysis

30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology, with 6500+ reports. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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