According to a recent report published by Allied Market Research, titled, “Asia-Pacific usage-based insurance market by Type, Technology, Vehicle Age, And Vehicle Type: global opportunity analysis and industry forecast, 2021–2030,” the Asia-Pacific usage-based insurance market size was valued at $5.64 billion in 2020, and is projected to reach $64.29 billion by 2030, growing at a CAGR of 27.6% from 2021 to 2030.
Asia-Pacific Usage-Based Insurance Market
According to Allied Market Research, the global Asia-Pacific Usage-Based Insurance marketis expected to showcase remarkable growth during the forecast period. The report includes a detailed study of the Asia-Pacific Usage-Based Insurance market size, market trends, prime market players, sales analysis, major driving factors, and prime investment pockets. The global Asia-Pacific Usage-Based Insurance market report covers an overview of the market and outlines market definition and scope. The ongoing technological developments and surge in demand have an influential effect on the market growth. Furthermore, the report provides a quantitative and qualitative analysis of the Asia-Pacific Usage-Based Insurance market, outlines the pain point analysis, value chain analysis, and key regulations.
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Moreover, the study provides Porter’s five forces model, along with portfolio and financial analysis and business overview of services and products. The report outlines market segmentation and growth analysis of the top 10 market players that are currently active in the Asia-Pacific Usage-Based Insurance industry. The report also contains information and statistics, tables and figures that are used in strategic planning for the company’s success.
The report covers brief analysis of the impact of the Covid-19 outbreak on the Asia-Pacific Usage-Based Insurance Market. The prolonged lockdown and disrupted supply chain across coupled with strict restrictions on international trade have a severe impact on the Asia-Pacific Usage-Based Insurance Market growth. The Covid-19 pandemic increased the prices of raw materials and changed customer preferences.
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Key Market Segments:
Type
- Pay-as-you-drive
- Pay-how-you-drive
- Manage-how-you-drive
By Technology
- OBD-II-based UBI programs
- Smartphone-based UBI programs
- Hybrid-based UBI programs
- Black-box-based UBI programs
By Vehicle Age
- Light-Duty Vehicle (LDV)
- Heavy-Duty Vehicle (HDV)
By Region
- Asia-Pacific
- China
- Japan
- Australia
- Singapore
- Thailand
- Rest of Asia-Pacific
Key Market Players :
- ASSICURAZIONI GENERALI S.P.A
- Allianz SE
- Aviva
- AXA
- Liberty Mutual Insurance
- Mapfre S.A.
- TomTom International
- Octo Group S.p.A
- SIERRA WIRELESS
- VODAFONE LIMITED
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A thorough analysis of every segment helps to make strategic decisions and make profitable investments in the future. Furthermore, it helps market players to gain a competitive edge. The Asia-Pacific Usage-Based Insurance Market analysis of segment and sub-segment is offered in graphical and tabular formats. This study is vital to understanding the highest revenue-generating and fasting-growing segments of the market. The global Asia-Pacific Usage-Based Insurance Market report offers a thorough study of the major market players that are currently dominating the industry. The report includes the production, sales, and revenue analysis of these companies. These companies have adopted various business strategies such as new product launches, mergers & acquisitions, partnerships, and collaborations to maintain market position.
The report will include highlights of the overall market which includes Frequently Asked Questions [FAQs] such as:
Q1. What are the upcoming trends in the Asia-Pacific Usage-Based Insurance Market in the world?
Q2. What is the leading application of the Asia-Pacific Usage-Based Insurance Market?
A. The manufacturing sector is the leading application of the Asia-Pacific Usage-Based Insurance Market.
Q3. Which is the largest regional market for Asia-Pacific Usage-Based Insurance?
Q4. What is the estimated industry size of Asia-Pacific Usage-Based Insurance?
Q5. Which are the top companies to hold the market share in Asia-Pacific Usage-Based Insurance?
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