Middle East and Africa usage-based insurance market is expected to reach a CAGR of 16.1% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
Market Segmentation
By Package type (pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), manage-how-you-drive (MHYD)), vehicle type (light-duty vehicle (LDV), heavy-duty vehicles (HDV)), Device offering (company provided, bring your own device (BYOD)), Technology (OBD-II, smartphone, embedded system, black box and others), Vehicle age (new vehicles, on-road vehicles), Electric and hybrid vehicle (hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV), battery electric vehicle (BEV)), Country (South Africa and Rest of Middle East and Africa)
Major growing sectors under the market segmentation are as follows:
• On the basis of package type, the market is segmented into pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), and manage-how-you-drive (MHYD). In 2019, the pay-as-you-drive (PAYD), market is growing with the highest CAGR of 16.3% in the forecast period of 2019-
2026.
• On the basis of vehicle type, the market is segmented into light-duty vehicle (LDV) and heavy-duty vehicles (HDV). In 2018, light-duty vehicle (LDV) market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.
• On the basis of device offering, the market is segmented into company provided and bring your own device (BYOD). The company provided market is growing with the highest CAGR of 15.6% in the forecast period of 2019-2026.
• On the basis of technology, the market is segmented into OBD-II, smartphone, embedded system, black box and others. In 2018, embedded system market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.
• On the basis of vehicle age, the market is segmented into new vehicles and on-road vehicles. In 2018, on-road vehicles market is growing with the highest CAGR of 16.5% in the forecast period of 2019 to 2026.
• On the basis of electric and hybrid vehicle, the market is segmented into hybrid electric vehicle (HEV), plug-in hybrid vehicle (PHEV) and battery electric vehicle (BEV).In 2018 Battery Electric Vehicle (BEV) market is growing with the highest CAGR of 16.7% in the forecast period of 2019 to 2026.
Key Market Players
The key market players for Middle East and Africa usage based insurance market are listed below:
• Intelligent Mechatronic Systems Inc.
• TrueMotion
• Cambridge Mobile Telematics
• Insure The Box Limited
• Progressive Casualty Insurance Company
• Modus Group LLC
• Inseego Corp
• Metromile Inc.
• The Floow Limited
• Vodafone
• Allstate Insurance Company
• Octo Group
• TomTom International
• Allianz
• AXA Equitable Life Insurance Company
• Liberty Mutual Insurance
• Verizon, Sierra Wireless
• Mapfre, Movitrack Viasat, Inc.
• ASSICURAZIONI GENERALI S.P.A.
• UNIPOLSAI ASSICURAZIONI S.P.A.
Summary:
Get latest Market Research Reports on Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026. Industry analysis & Market Report on Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026 is a syndicated market report, published as Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026. It is complete Research Study and Industry Analysis of Middle East and Africa Usage Based Insurance Market- Industry Trends and Forecast to 2026 market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.