Market Overview:
The global ridesharing insurance market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of ridesharing services, especially in developed countries. In addition, the increasing demand for real-time ridesharing services is also contributing to the growth of this market. The global ridesharing insurance market can be segmented on the basis of type into peer-to-peer (P2P) and real-time ridesharing. P2P is currently a more popular type of service and is expected to continue its dominance during the forecast period. On the basis of application, commercial applications are expected to account for a larger share than personal applications during the forecast period.
Product Definition:
Ridesharing insurance is a type of insurance that covers individuals who use their personal vehicle to give rides to others through a ride-sharing service, such as Uber or Lyft. Ridesharing insurance is important because it provides coverage for both the driver and the passengers in the event of an accident.
Peer-to-peer Ridesharing:
Peer-to-peer ridesharing is a type of online transportation network that allows commuters to share the cost of gas and/or parking with other riders. The concept has been around for quite some time, but only recently has it started gaining widespread acceptance among consumers. One key reason for this shift is the emergence of mobile technology as a viable platform for enabling such sharing.
Real-time Ridesharing:
Real-time ridesharing is a type of sharing economy service that allows individuals to earn money using their own vehicles. It is different from the usual carpool or vanpool in which people share a ride to work. In real-time ridesharing, two or more riders use the same vehicle and road for transportation purposes; this enables them to split the cost and/or split the gas mileage depending upon how they are traveling.
Application Insights:
The commercial application segment dominated the global ridesharing insurance market in 2017. The growth of this segment is attributed to the increasing number of drivers and passengers using ride-sharing applications for business travel or social occasions. Ridesharing services are widely used by individuals for personal use as well as business purposes, which contributes to the large share held by this segment.
Ride-sharing services have become popular owing to their ability to reduce traffic on roads and also help in reducing pollution due largely to reduced vehicle emissions when compared with private vehicles. Governments around the world are encouraging people towards ride-sharing over private car usage by offering various financial subsidies and tax rebates on registered peer-to-peer rideshare vehicles, thereby driving its adoption across all age groups and socio economic classes globally.
Regional Analysis:
North America dominated the global ridesharing insurance market in 2017. The growing popularity of this service-based economy is one of the major factors responsible for its growth. In North America, companies such as Uber Technologies, Inc.; Lyft Inc.; and Sidecar Mobility LLC are providing their services to provide additional coverages to drivers and passengers including personal accident and health policies. However, Asia Pacific is expected to be the fastest-growing regional market over the forecast period owing to a large number of smartphone users along with increasing penetration of internet connectivity in vehicles.
The European region accounted for more than 20% share in terms of revenue generation due mainly on high acceptance levels amongst riders.
Growth Factors:
- Increasing demand for ridesharing services from the urban population
- Growing popularity of on-demand transportation services among the millennials
- Proliferation of smartphones and other connected devices
- Development of autonomous vehicles and ride-sharing platforms
- Expansion of the sharing economy
Scope Of The Report
Report Attributes
Report Details
Report Title
Ridesharing Insurance Market Research Report
By Type
Peer-to-peer Ridesharing, Real-time Ridesharing
By Application
Commercial, Personal
By Companies
Allianz, AXA, State Farm, GEICO, Safeco, Allstate, USAA, American Family Insurance, PEMCO, Erie Insurance, Farmers, Liberty Mutual, Travelers, PICC, PianAn, AIG
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Ridesharing Insurance Market Report Segments:
The global Ridesharing Insurance market is segmented on the basis of:
Types
Peer-to-peer Ridesharing, Real-time Ridesharing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial, Personal
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Allianz
- AXA
- State Farm
- GEICO
- Safeco
- Allstate
- USAA
- American Family Insurance
- PEMCO
- Erie Insurance
- Farmers
- Liberty Mutual
- Travelers
- PICC
- PianAn
- AIG
Highlights of The Ridesharing Insurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Peer-to-peer Ridesharing
- Real-time Ridesharing
- By Application:
- Commercial
- Personal
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ridesharing Insurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ridesharing insurance is a type of insurance that covers you and your passengers in the event of an accident while using ridesharing. This type of coverage can help cover medical expenses, lost wages, and other costs associated with a car accident.
Some of the key players operating in the ridesharing insurance market are Allianz, AXA, State Farm, GEICO, Safeco, Allstate, USAA, American Family Insurance, PEMCO, Erie Insurance, Farmers, Liberty Mutual, Travelers, PICC, PianAn, AIG.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ridesharing Insurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ridesharing Insurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ridesharing Insurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ridesharing Insurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ridesharing Insurance Market Size & Forecast, 2020-2028
4.5.1 Ridesharing Insurance Market Size and Y-o-Y Growth
4.5.2 Ridesharing Insurance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Peer-to-peer Ridesharing
5.2.2 Real-time Ridesharing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Personal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ridesharing Insurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ridesharing Insurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Peer-to-peer Ridesharing
9.6.2 Real-time Ridesharing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Personal
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Peer-to-peer Ridesharing
10.6.2 Real-time Ridesharing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Personal
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Peer-to-peer Ridesharing
11.6.2 Real-time Ridesharing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Personal
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Peer-to-peer Ridesharing
12.6.2 Real-time Ridesharing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Personal
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Peer-to-peer Ridesharing
13.6.2 Real-time Ridesharing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Personal
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ridesharing Insurance Market: Competitive Dashboard
14.2 Global Ridesharing Insurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Allianz
14.3.2 AXA
14.3.3 State Farm
14.3.4 GEICO
14.3.5 Safeco
14.3.6 Allstate
14.3.7 USAA
14.3.8 American Family Insurance
14.3.9 PEMCO
14.3.10 Erie Insurance
14.3.11 Farmers
14.3.12 Liberty Mutual
14.3.13 Travelers
14.3.14 PICC
14.3.15 PianAn
14.3.16 AIG
