Post Covid 19 Epidemic Era Automotive Usage based Insurance Industry

Post-Covid-19 Epidemic Era, Automotive Usage-based Insurance Industry Development Trend Analysis Report 2023

Post Covid 19 Epidemic Era Automotive Usage based Insurance Industry

Post-Covid-19 Epidemic Era, Automotive Usage-based Insurance Industry Development Trend Analysis Report 2023

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The global Automotive Usage-based Insurance market size in 2022 is XX million US dollars, and it is expected to be XX million US dollars by 2029, with a compound annual growth rate of 26.79% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:

The main players in the Automotive Usage-based Insurance market include Kotak Mahindra General Insurance Co. Ltd., Liberty Mutual Holding Co. Inc., Metlife Inc., Navi Technologies Ltd, and Sierra Wireless Inc.. The share of the top 3 players in the Automotive Usage-based Insurance market is XX%.

REGION SHARE:

The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for 44.00% of Automotive Usage-based Insurance market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:

The report segments the market by Type and Application. PHYD accounted for XX% of Automotive Usage-based Insurance market in 2022. PAYD share of XX%.

Embedded UBI accounted for XX% of the Automotive Usage-based Insurance market in 2022. App-based UBI accounts for XX%.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Automotive Usage-based Insurance Market dynamics, structure by identifying and analyzing the market segments and project the global market size.

In addition, the market SWOT analysis, dynamics, trends, technologies, opportunities and challenges analysis are covered in the report.

Further, the report also focuses on the competitive analysis of key players by product, financial position, product portfolio, growth strategies, and regional presence.

 

Consumer needs and trends have always been important drivers of the consumer goods industry. Today's consumers pay more attention to product quality, health, environmental protection and other aspects. For example, plant-based products, gluten-free foods, organic cosmetics, etc. are receiving more and more attention. In addition, with the popularization of 5G technology, products such as smart home and smart wearables will also have broader market prospects.

Some notable trends:

E-commerce Expansion: The growth of online shopping continues to reshape the consumer goods industry. More consumers are embracing the convenience and accessibility of e-commerce platforms, leading to a surge in online sales. Companies are investing heavily in their online presence, optimizing websites for mobile devices, and enhancing the overall customer experience through personalized recommendations and fast delivery options.

Direct-to-Consumer (D2C) Brands: D2C brands have gained significant traction in recent years. These companies bypass traditional retail channels and sell directly to consumers through their websites or specialized online platforms. D2C brands often focus on niche markets, offering unique and innovative products, and leveraging social media marketing to build strong customer relationships.

Rise of Subscription Services: Subscription-based models are on the rise, particularly in industries like beauty, fashion, and food. These services provide consumers with a regular supply of products delivered to their doorstep, offering convenience and the element of surprise. Companies are leveraging subscriptions to build customer loyalty, gather data, and create recurring revenue streams.

Key Regions Covered in This Report Are

North America

United States

Canada

China

Asia Pacific (Excluding China)

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Nordic

Latin America

Brazil

Argentina

Mexico

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

Some of the major players operating in the global market include:

Kotak Mahindra General Insurance Co. Ltd.

Liberty Mutual Holding Co. Inc.

Metlife Inc.

Navi Technologies Ltd

Sierra Wireless Inc.

The Allstate Corp.

The Progressive Corp.

Track Global Group Ltd.

Verizon Communications Inc.

Vodafone Group Plc

Aviva Plc

Howden Broking Group Ltd.

Direct Line Insurance Group Plc

OCTO Telematics S.p.A

The Travelers Co. Inc.

Segment by Type

PHYD

PAYD

MHYD

Segment by Application

Embedded UBI

App-based UBI

Table of Content

1 Automotive Usage-based Insurance Market Introduction and Overview

1.1 Automotive Usage-based Insurance Definition

1.2 Market Size Analysis by Types

1.3 Market Size Analysis by Application

1.4 Research Purposes

1.5 Report Timeline

1.6 Economic Analysis of Global Regions

2 Players Profiles

2.1 Kotak Mahindra General Insurance Co. Ltd.

2.1.1 Kotak Mahindra General Insurance Co. Ltd. Company Profile

2.1.2 Automotive Usage-based Insurance Product Overview

2.1.3 Kotak Mahindra General Insurance Co. Ltd. Automotive Usage-based Insurance Market Performance (2018-2023)

2.1.4 Kotak Mahindra General Insurance Co. Ltd. Business Overview

2.2 Liberty Mutual Holding Co. Inc.

2.2.1 Liberty Mutual Holding Co. Inc. Company Profile

2.2.2 Automotive Usage-based Insurance Product Overview

2.2.3 Liberty Mutual Holding Co. Inc. Automotive Usage-based Insurance Market Performance (2018-2023)

2.2.4 Liberty Mutual Holding Co. Inc. Business Overview

2.3 Metlife Inc.

2.3.1 Metlife Inc. Company Profile

2.3.2 Automotive Usage-based Insurance Product Overview

2.3.3 Metlife Inc. Automotive Usage-based Insurance Market Performance (2018-2023)

2.3.4 Metlife Inc. Business Overview

2.4 Navi Technologies Ltd

2.4.1 Navi Technologies Ltd Company Profile

2.4.2 Automotive Usage-based Insurance Product Overview

2.4.3 Navi Technologies Ltd Automotive Usage-based Insurance Market Performance (2018-2023)

2.4.4 Navi Technologies Ltd Business Overview

2.5 Sierra Wireless Inc.

2.5.1 Sierra Wireless Inc. Company Profile

2.5.2 Automotive Usage-based Insurance Product Overview

2.5.3 Sierra Wireless Inc. Automotive Usage-based Insurance Market Performance (2018-2023)

2.5.4 Sierra Wireless Inc. Business Overview

2.6 The Allstate Corp.

2.6.1 The Allstate Corp. Company Profile

2.6.2 Automotive Usage-based Insurance Product Overview

2.6.3 The Allstate Corp. Automotive Usage-based Insurance Market Performance (2018-2023)

2.6.4 The Allstate Corp. Business Overview

2.7 The Progressive Corp.

2.7.1 The Progressive Corp. Company Profile

2.7.2 Automotive Usage-based Insurance Product Overview

2.7.3 The Progressive Corp. Automotive Usage-based Insurance Market Performance (2018-2023)

2.7.4 The Progressive Corp. Business Overview

2.8 Track Global Group Ltd.

2.8.1 Track Global Group Ltd. Company Profile

2.8.2 Automotive Usage-based Insurance Product Overview

2.8.3 Track Global Group Ltd. Automotive Usage-based Insurance Market Performance (2018-2023)

2.8.4 Track Global Group Ltd. Business Overview

2.9 Verizon Communications Inc.

2.9.1 Verizon Communications Inc. Company Profile

2.9.2 Automotive Usage-based Insurance Product Overview

2.9.3 Verizon Communications Inc. Automotive Usage-based Insurance Market Performance (2018-2023)

2.9.4 Verizon Communications Inc. Business Overview

2.10 Vodafone Group Plc

2.10.1 Vodafone Group Plc Company Profile

2.10.2 Automotive Usage-based Insurance Product Overview

2.10.3 Vodafone Group Plc Automotive Usage-based Insurance Market Performance (2018-2023)

2.10.4 Vodafone Group Plc Business Overview

2.11 Aviva Plc

2.11.1 Aviva Plc Company Profile

2.11.2 Automotive Usage-based Insurance Product Overview

2.11.3 Aviva Plc Automotive Usage-based Insurance Market Performance (2018-2023)

2.11.4 Aviva Plc Business Overview

2.12 Howden Broking Group Ltd.

2.12.1 Howden Broking Group Ltd. Company Profile

2.12.2 Automotive Usage-based Insurance Product Overview

2.12.3 Howden Broking Group Ltd. Automotive Usage-based Insurance Market Performance (2018-2023)

2.12.4 Howden Broking Group Ltd. Business Overview

2.13 Direct Line Insurance Group Plc

2.13.1 Direct Line Insurance Group Plc Company Profile

2.13.2 Automotive Usage-based Insurance Product Overview

2.13.3 Direct Line Insurance Group Plc Automotive Usage-based Insurance Market Performance (2018-2023)

2.13.4 Direct Line Insurance Group Plc Business Overview

2.14 OCTO Telematics S.p.A

2.14.1 OCTO Telematics S.p.A Company Profile

2.14.2 Automotive Usage-based Insurance Product Overview

2.14.3 OCTO Telematics S.p.A Automotive Usage-based Insurance Market Performance (2018-2023)

2.14.4 OCTO Telematics S.p.A Business Overview

2.15 The Travelers Co. Inc.

2.15.1 The Travelers Co. Inc. Company Profile

2.15.2 Automotive Usage-based Insurance Product Overview

2.15.3 The Travelers Co. Inc. Automotive Usage-based Insurance Market Performance (2018-2023)

2.15.4 The Travelers Co. Inc. Business Overview

3 Global Automotive Usage-based Insurance Historical and Forecast Market Analysis by Type

3.1 Global Automotive Usage-based Insurance Revenue and Market Share by Type

3.2 Global Automotive Usage-based Insurance Revenue Market Forecast by Type (2023-2029)

4 Global Automotive Usage-based Insurance Historical and Forecast Market Analysis by Application

4.1 Global Automotive Usage-based Insurance Revenue Market Share by Application (2018-2023)

4.2 Automotive Usage-based Insurance Revenue Market Forecast by Application (2023-2029)

5 Global Market Growth Trends Analysis

5.1 Global Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

5.2 Automotive Usage-based Insurance Growth Trends Analysis by Regions

5.2.1 Automotive Usage-based Insurance Market Size by Regions: 2018 VS 2023 VS 2029

5.2.2 Automotive Usage-based Insurance Historic Market Size by Regions (2018-2023)

5.2.3 Automotive Usage-based Insurance Forecasted Market Size by Regions (2023-2029)

5.2.4 North America Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

5.2.5 Europe Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

5.2.6 China Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

5.2.7 Asia-Pacific (Excluding China) Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

5.2.8 Latin America Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

5.2.9 Middle East & Africa Automotive Usage-based Insurance Market Size & Forecast (2018-2029)

6 North America

6.1 North America Automotive Usage-based Insurance Revenue by Players

6.2 North America Automotive Usage-based Insurance Revenue by Types

6.3 North America Automotive Usage-based Insurance Revenue by Applications

6.4 North America Automotive Usage-based Insurance Market by Countries

6.4.1 North America Automotive Usage-based Insurance Revenue by Countries (2018-2029)

6.5 United States

6.6 Canada

7 China

7.1 China Automotive Usage-based Insurance Revenue by Players

7.2 China Automotive Usage-based Insurance Revenue by Types

7.3 China Automotive Usage-based Insurance Revenue by Applications

7.4 China

8 Asia Pacific (Excluding China)

8.1 Asia Pacific Automotive Usage-based Insurance Revenue by Players

8.2 Asia Pacific Automotive Usage-based Insurance Revenue by Types

8.3 Asia Pacific Automotive Usage-based Insurance Revenue by Applications

8.4 Asia Pacific Automotive Usage-based Insurance Market by Countries

8.4.1 Asia Pacific Automotive Usage-based Insurance Revenue by Countries (2018-2029)

8.5 Japan

8.6 Korea

8.7 Southeast Asia

8.8 India

8.9 Australia

9 Europe

9.1 Europe Automotive Usage-based Insurance Revenue by Players

9.2 Europe Automotive Usage-based Insurance Revenue by Types

9.3 Europe Automotive Usage-based Insurance Revenue by Applications

9.4 Europe Automotive Usage-based Insurance Market by Countries

9.4.1 Europe Automotive Usage-based Insurance Revenue by Countries (2018-2029)

9.5 Germany

9.6 France

9.7 UK

9.8 Italy

9.9 Russia

9.10 Nordic

10 Latin America

10.1 Latin America Automotive Usage-based Insurance Revenue by Players

10.2 Latin America Automotive Usage-based Insurance Revenue by Types

10.3 Latin America Automotive Usage-based Insurance Revenue by Applications

10.4 Latin America Automotive Usage-based Insurance Market by Countries

10.4.1 Latin America Automotive Usage-based Insurance Revenue by Countries (2018-2029)

10.5 Brazil

10.6 Argentina

10.7 Mexico

11 Middle East & Africa

11.1 Middle East & Africa Automotive Usage-based Insurance Revenue by Players

11.2 Middle East & Africa Automotive Usage-based Insurance Revenue by Types

11.3 Middle East & Africa Automotive Usage-based Insurance Revenue by Applications

11.4 Middle East & Africa Automotive Usage-based Insurance Market by Countries

11.4.1 Middle East & Africa Automotive Usage-based Insurance Revenue by Countries (2018-2029)

11.5 Egypt

11.6 South Africa

11.7 Israel

11.8 Turkey

11.9 GCC Countries

12 Automotive Usage-based Insurance Industry Dynamic Analysis

12.1 Automotive Usage-based Insurance Market Trends Analysis

12.2 Automotive Usage-based Insurance Market Drivers Analysis

12.3 Automotive Usage-based Insurance Market Challenges Analysis

12.4 Automotive Usage-based Insurance Market Restraints Analysis

12.5 Automotive Usage-based Insurance Industry Mergers & Acquisitions

12.6 Automotive Usage-based Insurance Industry New Entrants and Expansion Plans

13 Research Findings and Conclusion

Tables & Figures:
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Research Methodology:
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Post Covid 19 Epidemic Era Automotive Usage based Insurance Market Size Estimation

To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.

Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.

Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.

We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.

Data Source

Secondary Sources

This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.

These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Journals, Websites, and Press Releases
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Market Intellix Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segmental value Mix
Qualitative Analysis
  • Influence Factors
  • Market Potential
  • Market Risks and Opportunities
  • Industry Trends
  • Geographical Features
  • Government Policies
  • Company Websites and Press Releases
  • Public and Paid Databases
  • Annual Reports
  • Industry Associations
  • Market Intellix Data Repository

Primary Sources

As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.

On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.

These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.

Key Data Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments(by Application, by Type)
  • Value by Type
  • Status and Forecast
  • Value by Application
  • Value by Regions, Status and Forecast (2025-2031)
  • Value Market Share by Type
  • Value Growth Rate by Type
  • Value by Application
  • Percentage and Growth Rate by Application
  • Value Growth Rate and Market Share by Regions
  • Market Size Status and Forecast (2025-2031)
Total Market
  • Overall Size, Status and Forecast
  • Market Size Status and Forecast (2025-2031)
Frequently asked questions(FAQ's):
Why are some of the most well-known companies left out of the Post Covid 19 Epidemic Era Automotive Usage based Insurance Market study?
The Post Covid 19 Epidemic Era Automotive Usage based Insurance study includes a diverse group of participants, including both market leaders and up-and-comers. Contact our sales representative to receive a complete list of companies covered in the study.
What are the major applications for Post Covid 19 Epidemic Era Automotive Usage based Insurance?
Post Covid 19 Epidemic Era Automotive Usage based Insurance has a wide range of applications, including and others.
What is the forecasted growth rate of the Post Covid 19 Epidemic Era Automotive Usage based Insurance Market?
The Post Covid 19 Epidemic Era Automotive Usage based Insurance Market is expected to grow at a moderate CAGR during the forecast period of 2025 to 2030.
What challenges does the Post Covid 19 Epidemic Era Automotive Usage based Insurance Market face in the future?
The convergence of various vital triggers, including a major slowdown in Western economies, and some critical points in globalization, leads to the transformation of business in the Post Covid 19 Epidemic Era Automotive Usage based Insurance Market across the extensive corporate landscape.
How does the Post Covid 19 Epidemic Era Automotive Usage based Insurance Market study reflects the current scenario?
The Post Covid 19 Epidemic Era Automotive Usage based Insurance study focuses on shifting market dynamics, geopolitical and regulatory regulations, and key players' strategies to carefully analyze demand at risk across multiple industry categories.