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

Sep 2022| TMR3252A| Transparency

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.

Frequently Asked Questions (FAQs)

Data Triangulation: Information culled from “Secondary & Primary Sources” is cross-checked with “TMR Knowledge Repository”, which is updated every quarter.

Market Estimation: Market size estimations involved in-depth study of product features, technology updates, geographic presence, product demand, sales data (value or volume), historical year-on-year growth, and others. Other approaches were also utilized to derive market size and forecasts. Where no hard data was available, we employed modeling techniques in order to produce comprehensive datasets. A rigorous methodology has been adopted, wherein the available hard data are cross-referenced with the following data types to produce estimates:

Demographic Data: Healthcare expenditure, inflation rates, and others

Industry Indicators: R&D investment, technology stage, and infrastructure, sector growth, and facilities

Market Forecasting: Market forecasts for various segments are derived taking into account drivers, restraints/challenges, and opportunities prevailing in the market and considering advantages/disadvantages of segments/sub-segments over other segments/sub-segments. Business environment, historical sales pattern, unmet needs, competitive intensity, and country-wise surgery data are some of the other pivotal factors, which are considered to derive market forecasts.

  • Table 1 : Global Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Table 2 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Table 3 : Global Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Table 4 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Table 5 : Global Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Table 6 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Table 7 : Global Usage-based Insurance Market Volume (Units) Forecast, by Region, 2017‒2031
  • Table 8 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Region, 2017‒2031
  • Table 9 : North America Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Table 10 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Table 11 : North America Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Table 12 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Table 13 : North America Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Table 14 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Table 15 : North America Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Table 16 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Table 17 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Table 18 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Table 19 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Table 20 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Table 21 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Table 22 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Table 23 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Table 24 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Table 25 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Table 26 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Table 27 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Table 28 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Table 29 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Table 30 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Table 31 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Table 32 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Table 33 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Table 34 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Table 35 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Table 36 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Table 37 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Table 38 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Table 39 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Table 40 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Table 41 : South America Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Table 42 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Table 43 : South America Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Table 44 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Table 45 : South America Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Table 46 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Table 47 : South America Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Table 48 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Figure 1 : Global Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Figure 2 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Figure 3 : Global Usage-based Insurance Market, Incremental Opportunity, by Policy Type, Value (US$ Bn), 2022‒2031
  • Figure 4 : Global Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Figure 5 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Figure 6 : Global Usage-based Insurance Market, Incremental Opportunity, by Device Type, Value (US$ Bn), 2022‒2031
  • Figure 7 : Global Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Figure 8 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Figure 9 : Global Usage-based Insurance Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022‒2031
  • Figure 10 : Global Usage-based Insurance Market Volume (Units) Forecast, by Region, 2017‒2031
  • Figure 11 : Global Usage-based Insurance Market Value (US$ Bn) Forecast, by Region, 2017‒2031
  • Figure 12 : Global Usage-based Insurance Market, Incremental Opportunity, by Region, Value (US$ Bn), 2022‒2031
  • Figure 13 : North America Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Figure 14 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Figure 15 : North America Usage-based Insurance Market, Incremental Opportunity, by Policy Type, Value (US$ Bn), 2022‒2031
  • Figure 16 : North America Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Figure 17 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Figure 18 : North America Usage-based Insurance Market, Incremental Opportunity, by Device Type, Value (US$ Bn), 2022‒2031
  • Figure 19 : North America Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Figure 20 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Figure 21 : North America Usage-based Insurance Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022‒2031
  • Figure 22 : North America Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Figure 23 : North America Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Figure 24 : North America Usage-based Insurance Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031
  • Figure 25 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Figure 26 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Figure 27 : Europe Usage-based Insurance Market, Incremental Opportunity, by Policy Type, Value (US$ Bn), 2022‒2031
  • Figure 28 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Figure 29 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Figure 30 : Europe Usage-based Insurance Market, Incremental Opportunity, by Device Type, Value (US$ Bn), 2022‒2031
  • Figure 31 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Figure 32 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Figure 33 : Europe Usage-based Insurance Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022‒2031
  • Figure 34 : Europe Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Figure 35 : Europe Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Figure 36 : Europe Usage-based Insurance Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031
  • Figure 37 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Figure 38 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Figure 39 : Asia Pacific Usage-based Insurance Market, Incremental Opportunity, by Policy Type, Value (US$ Bn), 2022‒2031
  • Figure 40 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Figure 41 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Figure 42 : Asia Pacific Usage-based Insurance Market, Incremental Opportunity, by Device Type, Value (US$ Bn), 2022‒2031
  • Figure 43 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Figure 44 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Figure 45 : Asia Pacific Usage-based Insurance Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022‒2031
  • Figure 46 : Asia Pacific Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Figure 47 : Asia Pacific Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Figure 48 : Asia Pacific Usage-based Insurance Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031
  • Figure 49 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Figure 50 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Figure 51 : Middle East & Africa Usage-based Insurance Market, Incremental Opportunity, by Policy Type, Value (US$ Bn), 2022‒2031
  • Figure 52 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Figure 53 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Figure 54 : Middle East & Africa Usage-based Insurance Market, Incremental Opportunity, by Device Type, Value (US$ Bn), 2022‒2031
  • Figure 55 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Figure 56 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Figure 57 : Middle East & Africa Usage-based Insurance Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022‒2031
  • Figure 58 : Middle East & Africa Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Figure 59 : Middle East & Africa Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Figure 60 : Middle East & Africa Usage-based Insurance Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031
  • Figure 61 : South America Usage-based Insurance Market Volume (Units) Forecast, by Policy Type, 2017‒2031
  • Figure 62 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Policy Type, 2017‒2031
  • Figure 63 : South America Usage-based Insurance Market, Incremental Opportunity, by Policy Type, Value (US$ Bn), 2022‒2031
  • Figure 64 : South America Usage-based Insurance Market Volume (Units) Forecast, by Device Type, 2017‒2031
  • Figure 65 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Device Type, 2017‒2031
  • Figure 66 : South America Usage-based Insurance Market, Incremental Opportunity, by Device Type, Value (US$ Bn), 2022‒2031
  • Figure 67 : South America Usage-based Insurance Market Volume (Units) Forecast, by Vehicle Type, 2017‒2031
  • Figure 68 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Vehicle Type, 2017‒2031
  • Figure 69 : South America Usage-based Insurance Market, Incremental Opportunity, by Vehicle Type, Value (US$ Bn), 2022‒2031
  • Figure 70 : South America Usage-based Insurance Market Volume (Units) Forecast, by Country, 2017‒2031
  • Figure 71 : South America Usage-based Insurance Market Value (US$ Bn) Forecast, by Country, 2017‒2031
  • Figure 72 : South America Usage-based Insurance Market, Incremental Opportunity, by Country, Value (US$ Bn), 2022‒2031

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