The Usage-Based Insurance Global Market Report 2021-31 by The Business Research Company describes and explains the global usage-based insurance market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.

The Usage-Based Insurance Global Market Report 2022 covers usage-based insurance market drivers, usage-based insurance market trends, usage-based insurance market segments, usage-based insurance market growth rate, usage-based insurance market major players, and usage-based insurance market size.

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The usage-based insurance market report provides in-depth analysis of the impact of COVID-19 on the global usage-based insurance industry along with revised market numbers due to the effects of the coronavirus and the expected usage-based insurance market growth numbers for 2022-2031.

The global usage based insurance market size is expected to grow from $43.31 billion in 2021 to $54.25 billion in 2022 at a compound annual growth rate (CAGR) of 25.3%. The global usage based insurance market share is then expected to grow to $132.02 billion in 2026 at a CAGR of 24.9%.

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Usage-Based Insurance Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.

TBRC’s report covers the usage-based insurance market segments-
1) By Vehicle Type: Light-Duty Vehicle (LDV), Heavy-Duty Vehicle (HDV)
2) By Technology: OBD-II-Based UBI Programs, Smartphone-Based UBI Programs, Hybrid-Based UBI Programs, Black-Box-Based UBI Programs
3) By Package Type: Pay-As-You-Drive (PAYD), Pay-How-You-Drive (PHYD), Manage-How-You-Drive (MHYD)

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