Usage-based insurance (UBI) is a type of vehicle insurance whereby the costs are dependent upon type of vehicle used, measured against time, distance, behavior and place.

This report elaborates the market size, market characteristics, and market growth of the Usage-Based Insurance industry, and breaks down according to the type, application, and consumption area of Usage-Based Insurance. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Usage-Based Insurance in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.

In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.

Key players in the global Usage-Based Insurance market covered in Chapter 13:

Allianz SE

Admiral Group Plc.

AXA S.A.

Desjardins Insurance

Generali Group

Mapfre S.A.

Ageas S.A./NV

Aviva plc.

Metromile

Allstate Corporation

Allstate Corporation

Aioi Nissay Dowa Insurance (ADI)

AI Insurance Holdings Pty Ltd.

Box Innovation Group Ltd.

Progressive Corporation

Insure The Box Ltd

In Chapter 6, on the basis of types, the Usage-Based Insurance market from 2015 to 2025 is primarily split into:

Pay-As-You-Drive (PAYD)

Pay-How-You-Drive (PHYD)

Manage-How-You-Drive (MHYD)

In Chapter 7, on the basis of applications, the Usage-Based Insurance market from 2015 to 2025 covers:

OBD-II

Smartphone

Embedded System

Black Box

Others

Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:

United States

Europe

China

Japan

India

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:

North America (Covered in Chapter 8)

United States

Canada

Mexico

Europe (Covered in Chapter 9)

Germany

UK

France

Italy

Spain

Others

Asia-Pacific (Covered in Chapter 10)

China

Japan

India

South Korea

Southeast Asia

Others

Middle East and Africa (Covered in Chapter 11)

Saudi Arabia

UAE

South Africa

Others

South America (Covered in Chapter 12)

Brazil

Others

Years considered for this report:

Historical Years: 2015-2019

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2020-2025

Table of Content

1 Usage-Based Insurance Market - Research Scope

1.1 Study Goals

1.2 Market Definition and Scope

1.3 Key Market Segments

1.4 Study and Forecasting Years

2 Usage-Based Insurance Market - Research Methodology

2.1 Methodology

2.2 Research Data Source

2.2.1 Secondary Data

2.2.2 Primary Data

2.2.3 Market Size Estimation

2.2.4 Legal Disclaimer

3 Usage-Based Insurance Market Forces

3.1 Global Usage-Based Insurance Market Size

3.2 Top Impacting Factors (PESTEL Analysis)

3.2.1 Political Factors

3.2.2 Economic Factors

3.2.3 Social Factors

3.2.4 Technological Factors

3.2.5 Environmental Factors

3.2.6 Legal Factors

3.3 Industry Trend Analysis

3.4 Industry Trends Under COVID-19

3.4.1 Risk Assessment on COVID-19

3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry

3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario

3.5 Industry Risk Assessment

4 Usage-Based Insurance Market - By Geography

4.1 Global Usage-Based Insurance Market Value and Market Share by Regions

4.1.1 Global Usage-Based Insurance Value ($) by Region (2015-2020)

4.1.2 Global Usage-Based Insurance Value Market Share by Regions (2015-2020)

4.2 Global Usage-Based Insurance Market Production and Market Share by Major Countries

4.2.1 Global Usage-Based Insurance Production by Major Countries (2015-2020)

4.2.2 Global Usage-Based Insurance Production Market Share by Major Countries (2015-2020)

4.3 Global Usage-Based Insurance Market Consumption and Market Share by Regions

4.3.1 Global Usage-Based Insurance Consumption by Regions (2015-2020)

4.3.2 Global Usage-Based Insurance Consumption Market Share by Regions (2015-2020)

5 Usage-Based Insurance Market - By Trade Statistics

5.1 Global Usage-Based Insurance Export and Import

5.2 United States Usage-Based Insurance Export and Import (2015-2020)

5.3 Europe Usage-Based Insurance Export and Import (2015-2020)

5.4 China Usage-Based Insurance Export and Import (2015-2020)

5.5 Japan Usage-Based Insurance Export and Import (2015-2020)

5.6 India Usage-Based Insurance Export and Import (2015-2020)

5.7

6 Usage-Based Insurance Market - By Type

6.1 Global Usage-Based Insurance Production and Market Share by Types (2015-2020)

6.1.1 Global Usage-Based Insurance Production by Types (2015-2020)

6.1.2 Global Usage-Based Insurance Production Market Share by Types (2015-2020)

6.2 Global Usage-Based Insurance Value and Market Share by Types (2015-2020)

6.2.1 Global Usage-Based Insurance Value by Types (2015-2020)

6.2.2 Global Usage-Based Insurance Value Market Share by Types (2015-2020)

6.3 Global Usage-Based Insurance Production, Price and Growth Rate of Pay-As-You-Drive (PAYD) (2015-2020)

6.4 Global Usage-Based Insurance Production, Price and Growth Rate of Pay-How-You-Drive (PHYD) (2015-2020)

6.5 Global Usage-Based Insurance Production, Price and Growth Rate of Manage-How-You-Drive (MHYD) (2015-2020)

7 Usage-Based Insurance Market - By Application

7.1 Global Usage-Based Insurance Consumption and Market Share by Applications (2015-2020)

7.1.1 Global Usage-Based Insurance Consumption by Applications (2015-2020)

7.1.2 Global Usage-Based Insurance Consumption Market Share by Applications (2015-2020)

7.2 Global Usage-Based Insurance Consumption and Growth Rate of OBD-II (2015-2020)

7.3 Global Usage-Based Insurance Consumption and Growth Rate of Smartphone (2015-2020)

7.4 Global Usage-Based Insurance Consumption and Growth Rate of Embedded System (2015-2020)

7.5 Global Usage-Based Insurance Consumption and Growth Rate of Black Box (2015-2020)

7.6 Global Usage-Based Insurance Consumption and Growth Rate of Others (2015-2020)

8 North America Usage-Based Insurance Market

8.1 North America Usage-Based Insurance Market Size

8.2 United States Usage-Based Insurance Market Size

8.3 Canada Usage-Based Insurance Market Size

8.4 Mexico Usage-Based Insurance Market Size

8.5 The Influence of COVID-19 on North America Market

9 Europe Usage-Based Insurance Market Analysis

9.1 Europe Usage-Based Insurance Market Size

9.2 Germany Usage-Based Insurance Market Size

9.3 United Kingdom Usage-Based Insurance Market Size

9.4 France Usage-Based Insurance Market Size

9.5 Italy Usage-Based Insurance Market Size

9.6 Spain Usage-Based Insurance Market Size

9.7 The Influence of COVID-19 on Europe Market

10 Asia-Pacific Usage-Based Insurance Market Analysis

10.1 Asia-Pacific Usage-Based Insurance Market Size

10.2 China Usage-Based Insurance Market Size

10.3 Japan Usage-Based Insurance Market Size

10.4 South Korea Usage-Based Insurance Market Size

10.5 Southeast Asia Usage-Based Insurance Market Size

10.6 India Usage-Based Insurance Market Size

10.7 The Influence of COVID-19 on Asia Pacific Market

11 Middle East and Africa Usage-Based Insurance Market Analysis

11.1 Middle East and Africa Usage-Based Insurance Market Size

11.2 Saudi Arabia Usage-Based Insurance Market Size

11.3 UAE Usage-Based Insurance Market Size

11.4 South Africa Usage-Based Insurance Market Size

11.5 The Influence of COVID-19 on Middle East and Africa Market

12 South America Usage-Based Insurance Market Analysis

12.1 South America Usage-Based Insurance Market Size

12.2 Brazil Usage-Based Insurance Market Size

12.3 The Influence of COVID-19 on South America Market

13 Company Profiles

13.1 Allianz SE

13.1.1 Allianz SE Basic Information

13.1.2 Allianz SE Product Profiles, Application and Specification

13.1.3 Allianz SE Usage-Based Insurance Market Performance (2015-2020)

13.2 Admiral Group Plc.

13.2.1 Admiral Group Plc. Basic Information

13.2.2 Admiral Group Plc. Product Profiles, Application and Specification

13.2.3 Admiral Group Plc. Usage-Based Insurance Market Performance (2015-2020)

13.3 AXA S.A.

13.3.1 AXA S.A. Basic Information

13.3.2 AXA S.A. Product Profiles, Application and Specification

13.3.3 AXA S.A. Usage-Based Insurance Market Performance (2015-2020)

13.4 Desjardins Insurance

13.4.1 Desjardins Insurance Basic Information

13.4.2 Desjardins Insurance Product Profiles, Application and Specification

13.4.3 Desjardins Insurance Usage-Based Insurance Market Performance (2015-2020)

13.5 Generali Group

13.5.1 Generali Group Basic Information

13.5.2 Generali Group Product Profiles, Application and Specification

13.5.3 Generali Group Usage-Based Insurance Market Performance (2015-2020)

13.6 Mapfre S.A.

13.6.1 Mapfre S.A. Basic Information

13.6.2 Mapfre S.A. Product Profiles, Application and Specification

13.6.3 Mapfre S.A. Usage-Based Insurance Market Performance (2015-2020)

13.7 Ageas S.A./NV

13.7.1 Ageas S.A./NV Basic Information

13.7.2 Ageas S.A./NV Product Profiles, Application and Specification

13.7.3 Ageas S.A./NV Usage-Based Insurance Market Performance (2015-2020)

13.8 Aviva plc.

13.8.1 Aviva plc. Basic Information

13.8.2 Aviva plc. Product Profiles, Application and Specification

13.8.3 Aviva plc. Usage-Based Insurance Market Performance (2015-2020)

13.9 Metromile

13.9.1 Metromile Basic Information

13.9.2 Metromile Product Profiles, Application and Specification

13.9.3 Metromile Usage-Based Insurance Market Performance (2015-2020)

13.10 Allstate Corporation

13.10.1 Allstate Corporation Basic Information

13.10.2 Allstate Corporation Product Profiles, Application and Specification

13.10.3 Allstate Corporation Usage-Based Insurance Market Performance (2015-2020)

13.11 Allstate Corporation

13.11.1 Allstate Corporation Basic Information

13.11.2 Allstate Corporation Product Profiles, Application and Specification

13.11.3 Allstate Corporation Usage-Based Insurance Market Performance (2015-2020)

13.12 Aioi Nissay Dowa Insurance (ADI)

13.12.1 Aioi Nissay Dowa Insurance (ADI) Basic Information

13.12.2 Aioi Nissay Dowa Insurance (ADI) Product Profiles, Application and Specification

13.12.3 Aioi Nissay Dowa Insurance (ADI) Usage-Based Insurance Market Performance (2015-2020)

13.13 AI Insurance Holdings Pty Ltd.

13.13.1 AI Insurance Holdings Pty Ltd. Basic Information

13.13.2 AI Insurance Holdings Pty Ltd. Product Profiles, Application and Specification

13.13.3 AI Insurance Holdings Pty Ltd. Usage-Based Insurance Market Performance (2015-2020)

13.14 Box Innovation Group Ltd.

13.14.1 Box Innovation Group Ltd. Basic Information

13.14.2 Box Innovation Group Ltd. Product Profiles, Application and Specification

13.14.3 Box Innovation Group Ltd. Usage-Based Insurance Market Performance (2015-2020)

13.15 Progressive Corporation

13.15.1 Progressive Corporation Basic Information

13.15.2 Progressive Corporation Product Profiles, Application and Specification

13.15.3 Progressive Corporation Usage-Based Insurance Market Performance (2015-2020)

13.16 Insure The Box Ltd

13.16.1 Insure The Box Ltd Basic Information

13.16.2 Insure The Box Ltd Product Profiles, Application and Specification

13.16.3 Insure The Box Ltd Usage-Based Insurance Market Performance (2015-2020)

14 Market Forecast - By Regions

14.1 North America Usage-Based Insurance Market Forecast (2020-2025)

14.2 Europe Usage-Based Insurance Market Forecast (2020-2025)

14.3 Asia-Pacific Usage-Based Insurance Market Forecast (2020-2025)

14.4 Middle East and Africa Usage-Based Insurance Market Forecast (2020-2025)

14.5 South America Usage-Based Insurance Market Forecast (2020-2025)

15 Market Forecast - By Type and Applications

15.1 Global Usage-Based Insurance Market Forecast by Types (2020-2025)

15.1.1 Global Usage-Based Insurance Market Forecast Production and Market Share by Types (2020-2025)

15.1.2 Global Usage-Based Insurance Market Forecast Value and Market Share by Types (2020-2025)

15.2 Global Usage-Based Insurance Market Forecast by Applications (2020-2025)

List of Tables and Figures

Figure Usage-Based Insurance Picture

Table Usage-Based Insurance Key Market Segments

Figure Study and Forecasting Years

Figure Global Usage-Based Insurance Market Size and Growth Rate 2015-2025

Figure Industry PESTEL Analysis

Figure Global COVID-19 Status

Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19

Figure Global Usage-Based Insurance Value ($) and Growth Rate (2015-2020)

Table Global Usage-Based Insurance Value ($) by Countries (2015-2020)

Table Global Usage-Based Insurance Value Market Share by Regions (2015-2020)

Figure Global Usage-Based Insurance Value Market Share by Regions in 2019

Figure Global Usage-Based Insurance Production and Growth Rate (2015-2020)

Table Global Usage-Based Insurance Production by Major Countries (2015-2020)

Table Global Usage-Based Insurance Production Market Share by Major Countries (2015-2020)

Figure Global Usage-Based Insurance Production Market Share by Regions in 2019

Figure Global Usage-Based Insurance Consumption and Growth Rate (2015-2020)

Table Global Usage-Based Insurance Consumption by Regions (2015-2020)

Table Global Usage-Based Insurance Consumption Market Share by Regions (2015-2020)

Figure Global Usage-Based Insurance Consumption Market Share by Regions in 2019

Table Global Usage-Based Insurance Export Top 3 Country 2019

Table Global Usage-Based Insurance Import Top 3 Country 2019

Table United States Usage-Based Insurance Export and Import (2015-2020)

Table Europe Usage-Based Insurance Export and Import (2015-2020)

Table China Usage-Based Insurance Export and Import (2015-2020)

Table Japan Usage-Based Insurance Export and Import (2015-2020)

Table India Usage-Based Insurance Export and Import (2015-2020)

Table Global Usage-Based Insurance Production by Types (2015-2020)

Table Global Usage-Based Insurance Production Market Share by Types (2015-2020)

Figure Global Usage-Based Insurance Production Share by Type (2015-2020)

Table Global Usage-Based Insurance Value by Types (2015-2020)

Table Global Usage-Based Insurance Value Market Share by Types (2015-2020)

Figure Global Usage-Based Insurance Value Share by Type (2015-2020)

Figure Global Pay-As-You-Drive (PAYD) Production and Growth Rate (2015-2020)

Figure Global Pay-As-You-Drive (PAYD) Price (2015-2020)

Figure Global Pay-How-You-Drive (PHYD) Production and Growth Rate (2015-2020)

Figure Global Pay-How-You-Drive (PHYD) Price (2015-2020)

Figure Global Manage-How-You-Drive (MHYD) Production and Growth Rate (2015-2020)

Figure Global Manage-How-You-Drive (MHYD) Price (2015-2020)

Table Global Usage-Based Insurance Consumption by Applications (2015-2020)

Table Global Usage-Based Insurance Consumption Market Share by Applications (2015-2020)

Figure Global Usage-Based Insurance Consumption Share by Application (2015-2020)

Figure Global OBD-II Consumption and Growth Rate (2015-2020)

Figure Global Smartphone Consumption and Growth Rate (2015-2020)

Figure Global Embedded System Consumption and Growth Rate (2015-2020)

Figure Global Black Box Consumption and Growth Rate (2015-2020)

Figure Global Others Consumption and Growth Rate (2015-2020)

Figure North America Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Table North America Usage-Based Insurance Consumption by Countries (2015-2020)

Table North America Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure North America Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure United States Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Canada Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Mexico Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure North America COVID-19 Status

Figure Europe Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Table Europe Usage-Based Insurance Consumption by Countries (2015-2020)

Table Europe Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure Europe Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure Germany Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure United Kingdom Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure France Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Italy Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Spain Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Europe COVID-19 Status

Figure Asia-Pacific Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Table Asia-Pacific Usage-Based Insurance Consumption by Countries (2015-2020)

Table Asia-Pacific Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure Asia-Pacific Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure China Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Japan Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure South Korea Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Southeast Asia Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure India Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure Asia Pacific COVID-19 Status

Figure Middle East and Africa Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Table Middle East and Africa Usage-Based Insurance Consumption by Countries (2015-2020)

Table Middle East and Africa Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure Middle East and Africa Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure Saudi Arabia Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure UAE Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure South Africa Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Figure South America Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Table South America Usage-Based Insurance Consumption by Countries (2015-2020)

Table South America Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure South America Usage-Based Insurance Consumption Market Share by Countries (2015-2020)

Figure Brazil Usage-Based Insurance Market Consumption and Growth Rate (2015-2020)

Table Allianz SE Company Profile

Table Allianz SE Production, Value, Price, Gross Margin 2015-2020

Figure Allianz SE Production and Growth Rate

Figure Allianz SE Value ($) Market Share 2015-2020

Table Admiral Group Plc. Company Profile

Table Admiral Group Plc. Production, Value, Price, Gross Margin 2015-2020

Figure Admiral Group Plc. Production and Growth Rate

Figure Admiral Group Plc. Value ($) Market Share 2015-2020

Table AXA S.A. Company Profile

Table AXA S.A. Production, Value, Price, Gross Margin 2015-2020

Figure AXA S.A. Production and Growth Rate

Figure AXA S.A. Value ($) Market Share 2015-2020

Table Desjardins Insurance Company Profile

Table Desjardins Insurance Production, Value, Price, Gross Margin 2015-2020

Figure Desjardins Insurance Production and Growth Rate

Figure Desjardins Insurance Value ($) Market Share 2015-2020

Table Generali Group Company Profile

Table Generali Group Production, Value, Price, Gross Margin 2015-2020

Figure Generali Group Production and Growth Rate

Figure Generali Group Value ($) Market Share 2015-2020

Table Mapfre S.A. Company Profile

Table Mapfre S.A. Production, Value, Price, Gross Margin 2015-2020

Figure Mapfre S.A. Production and Growth Rate

Figure Mapfre S.A. Value ($) Market Share 2015-2020

Table Ageas S.A./NV Company Profile

Table Ageas S.A./NV Production, Value, Price, Gross Margin 2015-2020

Figure Ageas S.A./NV Production and Growth Rate

Figure Ageas S.A./NV Value ($) Market Share 2015-2020

Table Aviva plc. Company Profile

Table Aviva plc. Production, Value, Price, Gross Margin 2015-2020

Figure Aviva plc. Production and Growth Rate

Figure Aviva plc. Value ($) Market Share 2015-2020

Table Metromile Company Profile

Table Metromile Production, Value, Price, Gross Margin 2015-2020

Figure Metromile Production and Growth Rate

Figure Metromile Value ($) Market Share 2015-2020

Table Allstate Corporation Company Profile

Table Allstate Corporation Production, Value, Price, Gross Margin 2015-2020

Figure Allstate Corporation Production and Growth Rate

Figure Allstate Corporation Value ($) Market Share 2015-2020

Table Allstate Corporation Company Profile

Table Allstate Corporation Production, Value, Price, Gross Margin 2015-2020

Figure Allstate Corporation Production and Growth Rate

Figure Allstate Corporation Value ($) Market Share 2015-2020

Table Aioi Nissay Dowa Insurance (ADI) Company Profile

Table Aioi Nissay Dowa Insurance (ADI) Production, Value, Price, Gross Margin 2015-2020

Figure Aioi Nissay Dowa Insurance (ADI) Production and Growth Rate

Figure Aioi Nissay Dowa Insurance (ADI) Value ($) Market Share 2015-2020

Table AI Insurance Holdings Pty Ltd. Company Profile

Table AI Insurance Holdings Pty Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure AI Insurance Holdings Pty Ltd. Production and Growth Rate

Figure AI Insurance Holdings Pty Ltd. Value ($) Market Share 2015-2020

Table Box Innovation Group Ltd. Company Profile

Table Box Innovation Group Ltd. Production, Value, Price, Gross Margin 2015-2020

Figure Box Innovation Group Ltd. Production and Growth Rate

Figure Box Innovation Group Ltd. Value ($) Market Share 2015-2020

Table Progressive Corporation Company Profile

Table Progressive Corporation Production, Value, Price, Gross Margin 2015-2020

Figure Progressive Corporation Production and Growth Rate

Figure Progressive Corporation Value ($) Market Share 2015-2020

Table Insure The Box Ltd Company Profile

Table Insure The Box Ltd Production, Value, Price, Gross Margin 2015-2020

Figure Insure The Box Ltd Production and Growth Rate

Figure Insure The Box Ltd Value ($) Market Share 2015-2020

Figure North America Market Consumption and Growth Rate Forecast (2020-2025)

Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)

Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)

Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)

Figure South America Market Consumption and Growth Rate Forecast (2020-2025)

Table Global Usage-Based Insurance Market Forecast Production by Types (2020-2025)

Table Global Usage-Based Insurance Market Forecast Production Share by Types (2020-2025)

Table Global Usage-Based Insurance Market Forecast Value ($) by Types (2020-2025)

Table Global Usage-Based Insurance Market Forecast Value Share by Types (2020-2025)

Table Global Usage-Based Insurance Market Forecast Consumption by Applications (2020-2025)

Table Global Usage-Based Insurance Market Forecast Consumption Share by Applications (2020-2025)

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)