Usage-Based Insurance Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2032

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 2024–2032

The global usage-based insurance market was valued at US$ 56.5 billion in 2023 and is projected to attain market size of US$ 309.5 billion by 2032 at a robust CAGR of 20.85% during the forecast period 2024-2032 Read More

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• Published On: 15-Jul-2024  |  Format:  |  Report ID: AA0523441