Automotive Usage-Based Insurance Market Growth Analysis | Trends, Drivers and Vendor Forecasts for 2021-2025

Technavio has been monitoring the automotive usage-based insurance market and it is expected to grow by 46.50 mn units, accelerating at a CAGR of almost 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

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Automotive Usage-Based Insurance Market: Key Trends to impact market growth

The Shared data plans to reduce the number of data subscriptions per user is one of the key automotive usage-based insurance market market trends. This research report provides a detailed impact analysis of all the trends that are likely to influence the growth of the market in focus.

Automotive Usage-Based Insurance Market: Top Drivers to Boost Demand

The Growth in smartphone-enabled programs and their usage is one of the primary factors driving the growth of the automotive usage-based insurance market. The report provides a detailed study of all the factors that are likely to boost the market. This analysis will enable clients to leverage growth opportunities to their advantage and set their business

Vendor Analysis: Allianz Partners SAS, AXA Group and Howden Broking Group Plc are key growth contributors

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with a pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Allianz Partners SAS, AXA Group, Howden Broking Group Plc, Liberty Mutual Holding Co. Inc., OCTO Group Spa, Sierra Wireless Inc., The Progressive Corp., Trak Global Group, Verizon Communications Inc., and Vodafone Group Plc are some of the major market participants.

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Automotive Usage-Based Insurance Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive usage-based insurance market growth during the next five years
• Precise estimation of the automotive usage-based insurance market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive usage-based insurance market industry across Europe, North America, APAC, MEA, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive usage-based insurance market vendors