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 by Type (Pay-As-You-Drive, Pay-How-You-Drive, and Manage-How-You-Drive), Technology (OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, and Black-Box-Based UBI Programs), Vehicle Age (New Vehicles and Used Vehicles), Vehicle Type (Light-Duty Vehicle (LDV) and Heavy-Duty Vehicle (HDV)): Opportunity Analysis and Industry Forecast, 2021-2030

Download PDF Sample: https://www.alliedmarketresearch.com/request-sample/16258

Usage-based insurance is a form of coverage in which the premium is directly proportional to the amount of time the vehicle is used. This sort of insurance is mostly offered in developed nations, the bulk of the market's top players are growing their operations in Asia-Pacific emerging countries. Furthermore, insurers use UBI plans to align driving habits of people with the premiums they charge. Telematics device, which is a system put in automobiles, monitors vehicle's speed, time, and distance travelled, which is then sent to insurance providers, which then charges insurance premiums appropriately.

Segment Review
The Asia-Pacific usage-based insurance market share is segmented on the basis of type, technology, vehicle age, vehicle type, and country. In terms of type, the market is fragmented into pay-as-you-drive, pay-how-you-drive, and manage-how-you-drive.

Depending on technology, it is bifurcated into OBD-II-based UBI programs, smartphone-based UBI programs, hybrid-based UBI programs, and black-box-based UBI programs. As per vehicle age, it is bifurcated into new vehicles and used vehicles. In terms of vehicle type it is segmented into light-duty vehicle (LDV) and heavy-duty vehicle (HDV). Country wise, it is analyzed across China, Japan, Australia, Thailand, Singapore, Rest of Asia-Pacific.

Top Impacting Factors
Growth In Adoption Of Usage-based Insurance Among End Users
Higher Possibility Of Vehicles Being Recovered, When Stolen Or Low On Fuel

Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/16258

Key Benefits For Stakeholders

The study provides an in-depth analysis of the Asia-Pacific usage-based insurance market forecast along with current & future trends to explain the imminent investment pockets.
Information about key drivers, restraints, & opportunities and their impact analysis on Asia-Pacific usage-based insurance market trends is provided in the report.
Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
The quantitative analysis of the Asia-Pacific usage-based insurance market from 2021 to 2030 is provided to determine the market potential.

Asia-Pacific Usage-Based Insurance Market Report Highlights

Aspects Details
By 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
New Vehicles
Used Vehicles
By Vehicle Type
Light-Duty Vehicle (LDV)
Heavy-Duty Vehicle (HDV)
By Country
Asia-Pacific
China
Japan
Australia
Singapore
Thailand
Rest of Asia-Pacific
By 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

Related Links:
IoT Insurance Market : https://www.alliedmarketresearch.com/iot-insurance-market-A09784
Takaful Insurance Market : https://www.alliedmarketresearch.com/takaful-insurance-market-A11835
AI in Insurance Market : https://www.alliedmarketresearch.com/ai-in-insurance-market-A11615
Reinsurance Market : https://www.alliedmarketresearch.com/reinsurance-market-A06288
Asia-Pacific Usage based Insurance Market : https://www.alliedmarketresearch.com/asia-pacific-usage-based-insurance-market-A15889
Identity Theft Insurance Market : https://www.alliedmarketresearch.com/identity-theft-insurance-market-A11987
Two wheeler Insurance Market : https://www.alliedmarketresearch.com/two-wheeler-insurance-market-A07582
Aviation Insurance Market : https://www.alliedmarketresearch.com/aviation-insurance-market-A14877

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |