2019 Automotive Usage-Based Insurance Market Analysis With – CAGR of 7.93%, Market Share, Research by Top Companies, Topmost Regions, Product type, Application, Forecasting 2021

    Automotive Usage-Based Insurance

    Automotive Usage-Based Insurance market research is provided on major factors such as consumer needs and changes observed in them over time, market sales in terms of value and volume, emerging opportunities, market growth trends, factors driving this market, threats associated with them and market performance of key vendors along with key regions. This research will help you out to determine how the market will evolve, to make confident decisions to capture new opportunities. The insights of the market over the past 5 years and a forecast until 2021 is provided. The report also contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. Industry experts project Automotive Usage-Based Insurance market to grow at a CAGR of 7.93% during the period 2017-2021. It also talks about the market size of different segments and their growth aspects along with key leading countries in Americas, Asia-Pacific, Europe, the Middle East, and Africa regions.

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    About Automotive Usage-Based Insurance

    The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players owing to its growth potential and the emergence of smartphone app technology in automotive UBI. The competition is expected to intensify during the forecast period because of product extensions and technological innovations. Many international players are expected to grow organically during the forecast period by expanding their customer base and creating differentiated products through partnerships with insurance companies.

    Market analysts forecast the global automotive usage-based insurance market to grow at a CAGR of 7.93% during the period 2017-2021.

    The report also segments the market into various categories based on the product, end user, application, type, and region. The report also studies various growth drivers and restraints impacting the Automotive Usage-Based Insurance market in a given region. The competitive landscape of the market will help players switch their current strategies and explore other aspects in order to give tough competition to each other. This, coupled with current news insights will help the Automotive Usage-Based Insurance market gain more traction in the coming years.

    Market driver

    • Government initiatives encouraging use of telematics.
    • For a full, detailed list, view our report

    Market challenge

    • Maintenance of data accuracy for optimum UBI scores.
    • For a full, detailed list, view our report

    Market trend

    • Shared data plans to reduce number of data subscriptions per user.
    • For a full, detailed list, view our report

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    The vendor analysis is one of the key element and is very useful for every player to understand the competitive landscape in the market. The Automotive Usage-Based Insurance Market report considers Intelligent Mechatronic System, Octo Telematics, Hubio, Sierra Wireless, Baseline Telematics, Masternaut, TomTom Telematics as top players and analyze them for various parameters and delivers information about

    • Market position
    • Organizational developments
    • Strengths and weakness
    • Segment focus
    • Geographic focus
    • Business segments.

    Various information strategies adopted by market players including recent collaborations, new product launches, and merger and acquisitions, are provided in the report in detail. Economic trends and other insightful updates are provided for this niche market in order to present an image of the market. Leading manufacturers are adopting various strategies in order to gain a strong foothold in the Automotive Usage-Based Insurance market and this will bode well for the market in the long run.

    The objective of this Automotive Usage-Based Insurance market research report is: –

    • To provide actionable intelligence alongside the market size of various segments.
    • To detail major factors influencing the market (drivers, opportunities, industry-specific challenges, and other critical issues).
    • To determine the geographic breakdown of the market in terms of detailed analysis and impact.
    • To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments.
    • To track the competitive landscape of the market.

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    Table of Contents Automotive Usage-Based Insurance Market

    PART 01: EXECUTIVE SUMMARY

    PART 02: SCOPE OF THE REPORT

    PART 03: RESEARCH METHODOLOGY

    PART 04: MARKET LANDSCAPE
    • Market characteristics
    • Market segmentation analysis

    PART 05: MARKET SIZING

    • Market definition
    • Market size and forecast

    PART 06: FIVE FORCES ANALYSIS
    • Threat of new entrants
    • Market condition

    PART 07: MARKET SEGMENTATION BY APPLICATION
    • Segmentation by application
    • Market opportunity by application

    PART 08: CUSTOMER LANDSCAPE

    PART 09: REGIONAL LANDSCAPE
    • Regional comparison
    • EMEA – Market size and forecast 
    • APAC – Market size and forecast

    PART 10: DECISION FRAMEWORK

    PART 11: DRIVERS AND CHALLENGES
    • Market drivers
    • Market challenges

    PART 12: MARKET TRENDS
    • Development of shape memory alloys with high fatigue life
    • Development of tires with shape memory alloy

    PART 13: VENDOR LANDSCAPE
    • Overview
    • Competitive landscape

    PART 14: VENDOR ANALYSIS
    • Vendor classification
    • Market positioning of vendors

    In the next part of the Automotive Usage-Based Insurance market research report, development policies and plans are discussed. This report also states growing domain, production and revenue by regions. The Automotive Usage-Based Insurance Market forecast to 2021 Considering Market Size, Sales, Revenue, Growth rate, Price and Trends for Regions, Types, and Applications is also provided.