Usage Based Insurance Market (Policy Type: Pay How You Drive [PHYD], Pay As You Drive [PAYD], and Manage How You Drive [MHYD]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031

Report Highlights

Usage Based Insurance Market – Scope of Report

TMR’s report on the global usage-based insurance market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031. The report provides revenue of the global usage-based insurance market for the period 2017–2031, considering 2021 as the base year and 2031 as the forecast year. The report also provides the compound annual growth rate (CAGR %) of the global usage-based insurance market from 2022 to 2031.

The report has been prepared after an extensive research. Primary research involved bulk of the research efforts, wherein analysts carried out interviews with key opinion leaders, industry leaders, and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the usage-based insurance market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various attributes of the global usage-based insurance market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the global usage-based insurance market. These serve as valuable tools for existing market players as well as for entities interested in participating in the global usage-based insurance market.

The report delves into the competitive landscape of the global usage-based insurance market. Key players operating in the global usage-based insurance market have been identified and each one of these has been profiled, in terms of various attributes. Company overview, financial standings, recent developments, and SWOT are attributes of players in the global usage-based insurance market profiled in this report.

RESEARCH METHODOLOGY

The research methodology will be a combination of exhaustive primary and secondary research to analyze the market usage-based insurance.

Secondary Research

Secondary research includes a search of company literature, technical writing, patent data, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that we typically refer, but are not limited to:

• Company websites, presentations, annual reports, white papers, technical paper, product brochure
• Internal and external proprietary databases and relevant patents
• National government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Specific Secondary Sources:

• Industry Sources:
• WorldWideScience.org
• Elsevier, Inc.
• National Institutes of Health (NIH)
• PubMed
• NCBI
• Department of Health Care Service
• Trade Data Sources
• Trade Map
• UN Comtrade
• Trade Atlas
• Company Information
• OneSource Business Browser
• Hoover’s
• Factiva
• Bloomberg
• Mergers & Acquisitions
• Thomson Mergers & Acquisitions
• MergerStat
• Profound

Primary Research

During the course of research, we conduct in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represents bulk of research efforts, supplemented by extensive secondary research.

We conduct primary interviews on the ongoing basis with industry participants and commentators to validate data and analysis. A typical research interview fulfills the following functions:

• Provides first-hand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
• Helps in validating and strengthening secondary research findings
• Further develops the analysis team’s expertise and market understanding
• Primary research involves e-mail interactions, telephonic interviews, as well as face-to-face interviews for each market, category, segment, and sub-segment across geographies

Participants who typically take part in such a process include, but are not limited to:

• Industry participants: Marketing/product managers, market intelligence managers, and regional sales managers
• Purchasing/Sourcing managers, technical personnel, distributors
• Outside experts: Investment bankers, valuation experts, and research analysts specializing in specific markets
• Key opinion leaders specializing in different areas corresponding to different industry verticals

List of primary participants, but not limited to:

• Advanced Oncotherapy PLC
• Danfysik A/S
• Hitachi, Ltd.
• IBA Worldwide
• Mevion Medical Systems, Inc.