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Usage-based Insurance - Global Market Trajectory & Analytics

  • ID: 4806386
  • Report
  • July 2020
  • Region: Global
  • 145 pages
  • Global Industry Analysts, Inc
1 of 3

FEATURED COMPANIES

  • Allianz Se
  • Insurethebox
  • Mapfre
  • Octo Telematics
  • Sierra Wireless
  • Tomtom International Bv
  • MORE
Global Usage-based Insurance Market to Reach $110.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Usage-based Insurance estimated at US$33.1 Billion in the year 2020, is projected to reach a revised size of US$110.2 Billion by 2027, growing at a CAGR of 18.7% over the analysis period 2020-2027. PAYD, one of the segments analyzed in the report, is projected to record a 18.4% CAGR and reach US$47.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the PHYD segment is readjusted to a revised 17.7% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.8 Billion, While China is Forecast to Grow at 18% CAGR

The Usage-based Insurance market in the U.S. is estimated at US$9.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$19 Billion by the year 2027 trailing a CAGR of 18% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.7% and 16.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.

MHYD Segment to Record 20.5% CAGR

In the global MHYD segment, USA, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$6.7 Billion in the year 2020 will reach a projected size of US$24.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$13.4 Billion by the year 2027. The publisher brings years of research experience to this 5th edition of the report. The 145-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Allianz SE
  • Allstate Insurance Company
  • Cambridge Mobile Telematics
  • Inseego Corporation
  • insurethebox
  • Intelligent Mechatronic Systems, Inc.
  • Liberty Mutual Insurance
  • Mapfre
  • Modus Group
  • Octo Telematics Ltd.
  • Progressive Corporation
  • Sierra Wireless, Inc.
  • The Floow Ltd.
  • TomTom International BV
  • TrueMotion
  • Unipolsai Assicurazioni S.P.A.
  • Verizon Enterprise Solutions
  • Vodafone Group PLC

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Allianz Se
  • Insurethebox
  • Mapfre
  • Octo Telematics
  • Sierra Wireless
  • Tomtom International Bv
  • MORE

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Global Competitor Market Shares

Usage-based Insurance Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Usage-based Insurance Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Usage-based Insurance Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: PAYD (Package) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 4: PAYD (Package) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: PHYD (Package) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 6: PHYD (Package) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: MHYD (Package) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 8: MHYD (Package) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 9: OBD-II (Technology) World Market Estimates and Forecasts by Region/Country in US$ Million: 2020 to 2027
TABLE 10: OBD-II (Technology) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 11: Smartphone (Technology) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 12: Smartphone (Technology) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 13: Embedded System (Technology) World Market Estimates and Forecasts in US$ Million by Region/Country: 2020 to 2027
TABLE 14: Embedded System (Technology) Market Percentage Share Distribution by Region/Country: 2020 VS 2027
TABLE 15: Black Box (Technology) Market Opportunity Analysis Worldwide in US$ Million by Region/Country: 2020 to 2027
TABLE 16: Black Box (Technology) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027
TABLE 17: Other Technologies (Technology) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 18: Other Technologies (Technology) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Usage-based Insurance Market Share (in %) by Company: 2019 & 2025

Market Analytics
TABLE 19: United States Usage-based Insurance Market Estimates and Projections in US$ Million by Package: 2020 to 2027
TABLE 20: United States Usage-based Insurance Market Share Breakdown by Package: 2020 VS 2027
TABLE 21: Usage-based Insurance Market in US$ Million in the United States by Technology: 2020-2027
TABLE 22: United States Usage-based Insurance Market Share Breakdown by Technology: 2020 VS 2027

CANADA

TABLE 23: Canadian Usage-based Insurance Market Estimates and Forecasts in US$ Million by Package: 2020 to 2027
TABLE 24: Usage-based Insurance Market in Canada: Percentage Share Breakdown of Sales by Package for 2020 and 2027
TABLE 25: Usage-based Insurance Market Analysis in Canada in US$ Million by Technology: 2020-2027
TABLE 26: Canadian Usage-based Insurance Market Share Breakdown by Technology:2020 VS 2027

JAPAN

TABLE 27: Japanese Market for Usage-based Insurance: Annual Sales Estimates and Projections in US$ Million by Package for the Period 2020-2027
TABLE 28: Japanese Usage-based Insurance Market Share Analysis by Package:2020 VS 2027
TABLE 29: Japanese Medium & Long-Term Outlook for Usage-based Insurance Marketin US$ Million by Technology: 2020-2027
TABLE 30: Japanese Usage-based Insurance Market Percentage Share Distribution by Technology: 2020 VS 2027

CHINA

TABLE 31: Chinese Usage-based Insurance Market Growth Prospects in US$ Million by Package for the Period 2020-2027
TABLE 32: Chinese Usage-based Insurance Market by Package: Percentage Breakdown of Sales for 2020 and 2027
TABLE 33: Usage-based Insurance Market Estimates and Forecasts in China in US$ Million by Technology: 2020-2027
TABLE 34: Usage-based Insurance Market in China: Percentage Share Analysis by Technology for 2020 and 2027

EUROPE

Market Facts & Figures

European Usage-based Insurance Market: Competitor Market Share Scenario (in %) for 2019 & 2025

Market Analytics
TABLE 35: European Usage-based Insurance Market Demand Scenario in US$ Million by Region/Country: 2018-2025
TABLE 36: European Usage-based Insurance Market Share Shift by Region/Country: 2020 VS 2027
TABLE 37: European Usage-based Insurance Market Estimates and Forecasts in US$ Million by Package: 2020-2027
TABLE 38: European Usage-based Insurance Market Share Breakdown by Package: 2020 VS 2027
TABLE 39: European Usage-based Insurance Market Assessment in US$ Million by Technology: 2020-2027
TABLE 40: Usage-based Insurance Market in Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027

FRANCE

TABLE 41: Usage-based Insurance Market in France by Package: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 42: French Usage-based Insurance Market Share Analysis by Package: 2020 VS 2027
TABLE 43: French Usage-based Insurance Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 44: French Usage-based Insurance Market Share Breakdown by Technology:2020 VS 2027

GERMANY

TABLE 45: Usage-based Insurance Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Package for the Period 2020-2027
TABLE 46: German Usage-based Insurance Market Share Breakdown by Package:2020 VS 2027
TABLE 47: German Usage-based Insurance Latent Demand Forecasts in US$ Million by Technology: 2020-2027
TABLE 48: German Usage-based Insurance Market Share Breakdown by Technology:2020 VS 2027

ITALY

TABLE 49: Italian Usage-based Insurance Market Growth Prospects in US$ Million by Package for the Period 2020-2027
TABLE 50: Italian Usage-based Insurance Market by Package: Percentage Breakdown of Sales for 2020 and 2027
TABLE 51: Usage-based Insurance Market Estimates and Forecasts in Italy in US$ Million by Technology: 2020-2027
TABLE 52: Usage-based Insurance Market in Italy: Percentage Share Analysis by Technology for 2020 and 2027

UNITED KINGDOM

TABLE 53: United Kingdom Market for Usage-based Insurance: Annual Sales Estimates and Projections in US$ Million by Package for the Period 2020-2027
TABLE 54: United Kingdom Usage-based Insurance Market Share Analysis by Package: 2020 VS 2027
TABLE 55: United Kingdom Medium & Long-Term Outlook for Usage-based Insurance Market in US$ Million by Technology: 2020-2027
TABLE 56: United Kingdom Usage-based Insurance Market Percentage Share Distribution by Technology: 2020 VS 2027

REST OF EUROPE

TABLE 57: Rest of Europe Usage-based Insurance Market Estimates and Forecasts in US$ Million by Package: 2020-2027
TABLE 58: Rest of Europe Usage-based Insurance Market Share Breakdown by Package: 2020 VS 2027
TABLE 59: Rest of Europe Usage-based Insurance Market Assessment in US$ Million by Technology: 2020-2027
TABLE 60: Usage-based Insurance Market in Rest of Europe: Percentage Breakdown of Sales by Technology for 2020 and 2027

ASIA-PACIFIC

TABLE 61: Usage-based Insurance Market in Asia-Pacific by Package: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 62: Asia-Pacific Usage-based Insurance Market Share Analysis by Package:2020 VS 2027
TABLE 63: Asia-Pacific Usage-based Insurance Market Estimates and Projections in US$ Million by Technology: 2020-2027
TABLE 64: Asia-Pacific Usage-based Insurance Historic Market Analysis in US$ Million by Technology: 2020 VS 2027

REST OF WORLD

TABLE 65: Rest of World Usage-based Insurance Market Estimates and Forecasts in US$ Million by Package: 2020 to 2027
TABLE 66: Usage-based Insurance Market in Rest of World: Percentage Share Breakdownof Sales by Package for 2020 and 2027
TABLE 67: Usage-based Insurance Market Analysis in Rest of World in US$ Million by Technology: 2020-2027
TABLE 68: Rest of World Usage-based Insurance Market Share Breakdown by Technology: 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 41

Note: Product cover images may vary from those shown
3 of 3
  • Allianz Se
  • Allstate Insurance Company
  • Cambridge Mobile Telematics
  • Inseego Corporation
  • Insurethebox
  • Intelligent Mechatronic Systems, Inc. (Ims)
  • Liberty Mutual Insurance
  • Mapfre
  • Modus Group
  • Octo Telematics
  • Progressive Corporation
  • Sierra Wireless
  • The Floow Ltd.
  • Tomtom International Bv
  • Truemotion
  • Unipolsai Assicurazioni S.P.A.
  • Vodafone Group Plc
Note: Product cover images may vary from those shown
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