Global Usage-Based Insurance Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035
- PUBLISHED ON
- 2/24/2023
- NO OF PAGES
- 254
- CATEGORY
- Banking & Finance
Usage-Based Insurance market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.
Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Usage-Based Insurance market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Usage-Based Insurance manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Usage-Based Insurance market covering all its essential aspects.
Global Usage-Based Insurance Market: Segmentations
Global Usage-Based Insurance Market: Major Players
Allianz SE
Admiral Group Plc.
Box Innovation Group Ltd.
Allstate Corporation
Insure The Box Ltd
Aviva plc.
Desjardins Insurance
Generali Group
Progressive Corporation
Metromile
Mapfre S.A.
Aioi Nissay Dowa Insurance (ADI)
AI Insurance Holdings Pty Ltd.
Allstate Corporation
Ageas S.A./NV
AXA S.A.
Global Usage-Based Insurance Market: By Types
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)
Global Usage-Based Insurance Market: By Applications
OBD-II
Smartphone
Embedded System
Black Box
Others
Global Usage-Based Insurance Market: Regional Analysis
The countries covered in the regional analysis of the Global Usage-Based Insurance market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Usage-Based Insurance market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Usage-Based Insurance would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Usage-Based Insurance Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Usage-Based Insurance market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.
Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Usage-Based Insurance manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Usage-Based Insurance market covering all its essential aspects.
Global Usage-Based Insurance Market: Segmentations
Global Usage-Based Insurance Market: Major Players
Allianz SE
Admiral Group Plc.
Box Innovation Group Ltd.
Allstate Corporation
Insure The Box Ltd
Aviva plc.
Desjardins Insurance
Generali Group
Progressive Corporation
Metromile
Mapfre S.A.
Aioi Nissay Dowa Insurance (ADI)
AI Insurance Holdings Pty Ltd.
Allstate Corporation
Ageas S.A./NV
AXA S.A.
Global Usage-Based Insurance Market: By Types
Pay-As-You-Drive (PAYD)
Pay-How-You-Drive (PHYD)
Manage-How-You-Drive (MHYD)
Global Usage-Based Insurance Market: By Applications
OBD-II
Smartphone
Embedded System
Black Box
Others
Global Usage-Based Insurance Market: Regional Analysis
The countries covered in the regional analysis of the Global Usage-Based Insurance market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Usage-Based Insurance market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Usage-Based Insurance would help in identifying future applications in this market.
Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Objectives of the Study:
• To provide with an exhaustive analysis on the Usage-Based Insurance Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Historic Year: 2016-2022
Forecast: 2024-2035
1 Usage-Based Insurance Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Usage-Based Insurance
1.3 Usage-Based Insurance Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Usage-Based Insurance Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Usage-Based Insurance
1.4.2 Applications of Usage-Based Insurance
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Usage-Based Insurance Industry Trends
1.5.2 Usage-Based Insurance Drivers
1.5.3 Usage-Based Insurance Market Challenges
1.5.4 Usage-Based Insurance Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Usage-Based Insurance Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Usage-Based Insurance Industry Development
2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Usage-Based Insurance Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Usage-Based Insurance
2.2.1 Major Players Manufacturing Base of Usage-Based Insurance in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Usage-Based Insurance Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Usage-Based Insurance
2.3.3 Labor Cost of Usage-Based Insurance
2.4 Market Channel Analysis of Usage-Based Insurance
2.5 Major Down Stream Customers by Application
3 Global Usage-Based Insurance Market, by Type
3.1 Global Usage-Based Insurance Revenue and Market Share by Type (2016-2021)
3.2 Global Usage-Based Insurance Production and Market Share by Type (2016-2021)
3.3 Global Usage-Based Insurance Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Usage-Based Insurance Revenue and Growth Rate of Pay-As-You-Drive (PAYD)
3.3.2 Global Usage-Based Insurance Revenue and Growth Rate of Pay-How-You-Drive (PHYD)
3.3.3 Global Usage-Based Insurance Revenue and Growth Rate of Manage-How-You-Drive (MHYD)
3.4 Global Usage-Based Insurance Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends
4 Usage-Based Insurance Market, by Application
4.1 Downstream Market Overview
4.2 Global Usage-Based Insurance Consumption and Market Share by Application (2016-2021)
4.3 Global Usage-Based Insurance Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Usage-Based Insurance Consumption and Growth Rate of OBD-II (2016-2021)
4.3.2 Global Usage-Based Insurance Consumption and Growth Rate of Smartphone (2016-2021)
4.3.3 Global Usage-Based Insurance Consumption and Growth Rate of Embedded System (2016-2021)
4.3.4 Global Usage-Based Insurance Consumption and Growth Rate of Black Box (2016-2021)
4.3.5 Global Usage-Based Insurance Consumption and Growth Rate of Others (2016-2021)
5 Global Usage-Based Insurance Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Usage-Based Insurance Revenue and Market Share by Region (2016-2021)
5.2 Global Usage-Based Insurance Consumption and Market Share by Region (2016-2021)
5.3 Global Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Usage-Based Insurance Market Under COVID-19
5.4.2 North America Usage-Based Insurance SWOT Analysis
5.5 Europe Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Usage-Based Insurance Market Under COVID-19
5.5.2 Europe Usage-Based Insurance SWOT Analysis
5.6 China Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Usage-Based Insurance Market Under COVID-19
5.6.2 China Usage-Based Insurance SWOT Analysis
5.7 Japan Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Usage-Based Insurance Market Under COVID-19
5.7.2 Japan Usage-Based Insurance SWOT Analysis
5.8 Middle East and Africa Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Usage-Based Insurance Market Under COVID-19
5.8.2 Middle East and Africa Usage-Based Insurance SWOT Analysis
5.9 India Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Usage-Based Insurance Market Under COVID-19
5.9.2 India Usage-Based Insurance SWOT Analysis
5.10 South America Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Usage-Based Insurance Market Under COVID-19
5.10.2 South America Usage-Based Insurance SWOT Analysis
5.11 South Korea Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Usage-Based Insurance Market Under COVID-19
5.11.2 South Korea Usage-Based Insurance SWOT Analysis
5.12 Southeast Asia Usage-Based Insurance Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Usage-Based Insurance Market Under COVID-19
5.12.2 Southeast Asia Usage-Based Insurance SWOT Analysis
6 Global Usage-Based Insurance Production by Top Regions (2016-2021)
6.1 Global Usage-Based Insurance Production by Top Regions (2016-2021)
6.2 North America Usage-Based Insurance Production and Growth Rate
6.3 Europe Usage-Based Insurance Production and Growth Rate
6.4 China Usage-Based Insurance Production and Growth Rate
6.5 Japan Usage-Based Insurance Production and Growth Rate
6.6 India Usage-Based Insurance Production and Growth Rate
7 Global Usage-Based Insurance Consumption by Regions (2016-2021)
7.1 Global Usage-Based Insurance Consumption by Regions (2016-2021)
7.2 North America Usage-Based Insurance Consumption and Growth Rate
7.3 Europe Usage-Based Insurance Consumption and Growth Rate
7.4 China Usage-Based Insurance Consumption and Growth Rate
7.5 Japan Usage-Based Insurance Consumption and Growth Rate
7.6 Middle East & Africa Usage-Based Insurance Consumption and Growth Rate
7.7 India Usage-Based Insurance Consumption and Growth Rate
7.8 South America Usage-Based Insurance Consumption and Growth Rate
7.9 South Korea Usage-Based Insurance Consumption and Growth Rate
7.10 Southeast Asia Usage-Based Insurance Consumption and Growth Rate
8 Competitive Landscape
8.1 Competitive Profile
8.2 Allianz SE Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Usage-Based Insurance Product Profiles, Application and Specification
8.2.3 Allianz SE Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 Admiral Group Plc. Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Usage-Based Insurance Product Profiles, Application and Specification
8.3.3 Admiral Group Plc. Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Box Innovation Group Ltd. Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Usage-Based Insurance Product Profiles, Application and Specification
8.4.3 Box Innovation Group Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Allstate Corporation Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Usage-Based Insurance Product Profiles, Application and Specification
8.5.3 Allstate Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Insure The Box Ltd Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Usage-Based Insurance Product Profiles, Application and Specification
8.6.3 Insure The Box Ltd Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Aviva plc. Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Usage-Based Insurance Product Profiles, Application and Specification
8.7.3 Aviva plc. Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Desjardins Insurance Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Usage-Based Insurance Product Profiles, Application and Specification
8.8.3 Desjardins Insurance Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Generali Group Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Usage-Based Insurance Product Profiles, Application and Specification
8.9.3 Generali Group Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Progressive Corporation Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Usage-Based Insurance Product Profiles, Application and Specification
8.10.3 Progressive Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Metromile Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Usage-Based Insurance Product Profiles, Application and Specification
8.11.3 Metromile Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 Mapfre S.A. Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Usage-Based Insurance Product Profiles, Application and Specification
8.12.3 Mapfre S.A. Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Aioi Nissay Dowa Insurance (ADI) Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Usage-Based Insurance Product Profiles, Application and Specification
8.13.3 Aioi Nissay Dowa Insurance (ADI) Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 AI Insurance Holdings Pty Ltd. Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Usage-Based Insurance Product Profiles, Application and Specification
8.14.3 AI Insurance Holdings Pty Ltd. Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19
8.15 Allstate Corporation Market Performance Analysis
8.15.1 Company Profiles
8.15.2 Usage-Based Insurance Product Profiles, Application and Specification
8.15.3 Allstate Corporation Sales, Revenue, Price, Gross Margin 2016-2021
8.15.4 Company Recent Development
8.15.5 Strategies for Company to Deal with the Impact of COVID-19
8.16 Ageas S.A./NV Market Performance Analysis
8.16.1 Company Profiles
8.16.2 Usage-Based Insurance Product Profiles, Application and Specification
8.16.3 Ageas S.A./NV Sales, Revenue, Price, Gross Margin 2016-2021
8.16.4 Company Recent Development
8.16.5 Strategies for Company to Deal with the Impact of COVID-19
8.17 AXA S.A. Market Performance Analysis
8.17.1 Company Profiles
8.17.2 Usage-Based Insurance Product Profiles, Application and Specification
8.17.3 AXA S.A. Sales, Revenue, Price, Gross Margin 2016-2021
8.17.4 Company Recent Development
8.17.5 Strategies for Company to Deal with the Impact of COVID-19
9 Global Usage-Based Insurance Market Analysis and Forecast by Type and Application
9.1 Global Usage-Based Insurance Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Pay-As-You-Drive (PAYD) Market Revenue and Volume Forecast (2021-2026)
9.1.2 Pay-How-You-Drive (PHYD) Market Revenue and Volume Forecast (2021-2026)
9.1.3 Manage-How-You-Drive (MHYD) Market Revenue and Volume Forecast (2021-2026)
9.2 Global Usage-Based Insurance Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 OBD-II Market Revenue and Volume Forecast (2021-2026)
9.2.2 Smartphone Market Revenue and Volume Forecast (2021-2026)
9.2.3 Embedded System Market Revenue and Volume Forecast (2021-2026)
9.2.4 Black Box Market Revenue and Volume Forecast (2021-2026)
9.2.5 Others Market Revenue and Volume Forecast (2021-2026)
10 Usage-Based Insurance Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Usage-Based Insurance Market Trends Analysis
11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment
12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source
Quality Assurance Process
- We Market Research’s Quality Assurance program strives to deliver superior value to our clients.
We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
- Project kickoff meeting with client
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- Form project steering committee
- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
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- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.
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