Usage-Based Insurance Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Usage-Based Insurance Market: By Telematics Solution (On-board Diagnostics (OBD-II), Smartphones, GPS Device, Embedded System, Black Box, Others); Package Type (Pay-as-you-Drive (PAYD), Pay-how-you-Drive (PHYD), Pay-as-You-Go, Distance-based Insurance); Distribution Channel (Direct, Agency, Bank, Brokers & Insurance Marketplaces); Vehicle Type (ICE Vehicles (Petrol, Diesel, Others), Electric Vehicles (Battery Electric Vehicle (BEV), Plug-in Hybrid Vehicle (PHEV), Fuel-cell Electric Vehicle (FCEV)), Hybrid; Vehicle Application ( Personal (2-Wheelers, 4-Wheelers), Commercial (Passenger, Heavy Vehicles, Off-road Vehicles); Vehicle Ownership (New Vehicle, Used Vehicle); and Region—Industry Dynamics, Market Size, Opportunity, and Forecast for 2023–2031

The usage-based insurance market has been forecasted to grow CAGR of 20.85% to reach a valuation of US$ 245.86 billion by 2031 from US$ 47.67 billion in 2022. Read More

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• Published On: 26-May-2023  |  Format:  |  Report ID: AA0523441