Share this article NEW YORK, April 6, 2021 /PRNewswire/ -- The automotive usage-based insurance market is expected to grow by 46.50 million units during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the automotive usage-based insurance market in optimistic, probable, and pessimistic forecast scenarios. Technavio has announced its latest market research report titled Automotive Usage-based Insurance Market by Pricing Scheme, Application, and Geography - Forecast and Analysis 2021-2025 Enterprises will go through the Response, Recovery, and Renew phases.
The automotive usage-based insurance market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth is likely to increase as compared to 2020.