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Global usage-based insurance market size is expected to reach $175.27 Bn by 2028 at a rate of 29.0%, segmented as by vehicle type, light-duty vehicle (ldv), heavy-duty vehicle (hdv)
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Usage-Based Insurance Global Market Report 2024 Global Forecast 2024 – 2033 Market Size, Drivers, And Trends Top Market Research Firm 2023! We are honored to be listed as a top company at the forefront of research, by the Business Management Review
Usage-Based Insurance Market Segments The Business Research Company segments the usage-based insurance market report as: By Vehicle Type Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV) On-Board Diagnostic (OBD)-II-Based UBI Programs, Smartphone-Based UBI Programs, Black-Box-Based UBI Programs, Other Technologies By Technology By Package Type Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)
Market Statistics The global Usage-Based Insurance market size grew from $48.38 billion in 2023 to $63.29 billion in 2024 at a compound annual growth rate (CAGR) of 30.8%.The Usage-Based Insurance market size is expected to grow to $175.27 billion in 2028 at a compound annual growth rate (CAGR) of 29.0%. $175.27 B $63.29 B $48.38 B Click Here To Get A Sample Report
Key Market Drivers And Trends • Drivers Increasing concerns regarding road traffic and vehicle safety will drive the usage-based insurance market. Trends Partnerships and collaborations among market players are gaining popularity in the usage-based insurance market. • Region North America was the largest region in the Usage-Based Insurance market in 2023. The regions covered in the Usage-Based Insurance market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Top Eleven Players In The Market • Major players in the market are: • Progressive Corporation • Allstate Corporation • UNIPOLSAI ASSICURAZIONI S.P.A • Allianz SE • Liberty Mutual Insurance • AXA • Mapfre S.A. • State Farm Mutual Automobile Insurance Company • American International Group Inc. • Nationwide Mutual Insurance Company • Tata AIG Get More Information On The Market Report
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Americas The Business Research Company, 1295 N Providence Rd, Usage-Based Insurance, PA 19063, USA ✆ +1 3156230293 Get In Touch Europe The Business Research Company 47 Anchorage Point, 42 Cuba Street, Canary Wharf, London, England, E14 8NE ✆ +44 207 1930 708 How ever you want to grow and expand, The Business Research Company can help as we provide research consulting solutions for businesses, government agencies consultancies, and market research companies. Asia The Business Research Company, 1st Floor, Anshu Colors Building, Road Number 1, Park View Enclave, Jubilee Hills, Hyderabad (India), 500033 ✆ +91 8897263534 info@tbrc.info
