MARKETRESEARCH
Uploaded on Feb 8, 2024
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Business
According to the latest research report by IMARC Group, The global mobile phone insurance market size reached US$ 37.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 81.1 Billion by 2032, exhibiting a growth rate (CAGR) of 8.7% during 2024-2032. More Info:- https://www.imarcgroup.com/mobile-phone-insurance-market
Category
Business
Mobile Phone Insurance Market by Product Type, Distribution Channel, End User 2024-2032
Global Mobile Phone
Insurance Market
Research and Forecast
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved
About IMARC Group
In ternat ional Market Analys is Research and Consul t ing Group is a leading adv iser on management
s t rategy and market research wor ldwide. We par tner wi th c l ients in a l l regions and indust ry
vert ica ls to ident i fy thei r h ighest -value oppor tuni t ies, address thei r most cr i t ica l chal lenges, and
t ransform thei r bus inesses.
IMARC’s in format ion products inc lude major market , sc ient i f ic , economic and technological
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chemicals , food and beverage, t ravel and tour ism, nanotechnology and novel process ing methods
are at the top of the company’s exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight in to the dynamics o f companies and
markets wi th c lose cooperat ion at a l l levels of the c l ient organizat ion. This ensures that our c l ients
achieve unmatchable compet i t ive advantage, bui ld more pro f ic ient organizat ions, and secure
las t ing resul ts .
Acco r d ing t o t he l a t e s t r e po r t by I M AR C G r oup , t i t l e d " M o bi l e Pho ne I n sura nce
M ar ke t : G l ob a l I ndu st ry T rend s , Shar e , S i ze , G row t h , O pp or t u n i t y and Fo rec as t
2024 - 203 2 , " t he g lob a l m ob i l e p hone i nsu r anc e m ar ke t s i ze r eache d US$ 37 . 0
B i l l i on i n 20 23 .
M ob i l e ph one i nsu r ance p r o t ec t s ag a ins t va r i ous pe r i l s and dam a ges t o t h e pho ne .
Report G ive n t h a t m ob i l e p hone s a r e e le c t r o n i c d ev i ce s , t hey cou ld be susce p t i b le t o
so f t wa r e f a i l u r e , o f t en r e nde r in g t he d ev i ce u se les s . Bes id es i n t e r na l dam age , t hey
Highlight and a r e sub jec t ed t o e x t e r na l da m age f o r va r i ous r e aso ns as we l l .
M ob i l e p hone i ns u r an ce p r o t e c t s aga ins t a nd c ove r s da m age t o t he i nne r pa r t s
wo r k ings o f t he m ob i l e phone due t o wa t e r sp i l l age , ha r dwar e f a i l u r es , such as
Description m al f unc t i on ing t o uch sc r een , f au l t y ea r phone j a ck o r cha r g ing po r t p r ob lem , dam a ge
due t o f i r e , dam age cau sed due t o m a l i c i o us i n t en t , s c r ee n c r acks , l os s o f de v i ce
due t o t he f t , bu r g la r y , and dam age t o t h e i n t e r io r o r ex t e r i o r co m po nen t s o f t he
dev ic e .
Reque st f o r a PDF sam pl e o f t h i s re por t :
h t t p s : / / www. im ar c g r ou p . com / m o b i l e - ph one - insu r ance - m ar k e t / r eque s t sam p le
Report Description
G l o b a l M o b i l e P h o n e I n s u r a n c e M a r k e t T r e n d s :
T h e g l o b a l m a r k e t i s m a j o r l y d r i v e n b y t h e r i s i n g i n c i d e n c e s o f a c c i d e n t a l d a m a g e , p h o n e t h e f t s , v i r u s i n f e c t i o n , a n d d e v i c e
m a l f u n c t i o n . T h e s e o c c u r r e n c e s h a v e e n c o u r a g e d c u s t o m e r s t o l o o k f o r w a y s t o s a f e g u a r d t h e i r s m a r t p h o n e s a n d c h o o s e e f f i c i e n t
m o b i l e p h o n e i n s u r a n c e p l a n s . I n l i n e w i t h t h i s , t h e r i s i n g u s a g e o f m o b i l e p h o n e s f o r s t o r i n g p e r s o n a l i n f o r m a t i o n a n d d i g i t a l
t r a n s a c t i o n s h a s l e d t o t h e r e q u i r e m e n t f o r s a f e g u a r d i n g m o b i l e d e v i c e s . T h i s t r e n d i s a n t i c i p a t e d t o p o s i t i v e l y i n f l u e n c e t h e m a r k e t
g r o w t h . F u r t h e r m o r e , m o b i l e p h o n e i n s u r a n c e p r o v i d e r s a r e c o l l a b o r a t i n g w i t h m o b i l e p h o n e m a n u f a c t u r e r s t o o f f e r l u c r a t i v e i n s u r a n c e
p o l i c i e s t o c u s t o m e r s w h i l e t h e y a r e p u r c h a s i n g a n e w m o b i l e p h o n e , w h i c h i s e x p e c t e d t o c a t a l y z e t h e m a r k e t .
A p a r t f r o m t h i s , s m a r t p h o n e s a r e h i g h l y p r o n e t o p h y s i c a l a n d t e c h n i c a l d a m a g e s , s u c h a s d a m a g e d c a s i n g a n d e x c e s s i v e d u s t a n d d i r t ,
w h i c h m a y h a r m t h e P r i n t e d C i r c u i t B o a r d ( P C B ) a n d c o v e r a g e s . S u c h i n j u r i e s m a y r e s u l t i n h u g e l o s s e s f o r u s e r s a n d , t h e r e b y , a r e
e x p e c t e d t o a c c e l e r a t e t h e u p t a k e o f m o b i l e p h o n e i n s u r a n c e . B e s i d e s , t h e e s c a l a t i n g p r i c e s o f m o b i l e p h o n e s a l s o c o m p e l c o n s u m e r s
t o o p t f o r m o b i l e p h o n e i n s u r a n c e p l a n s . A d d i t i o n a l l y , t h e p r o v i s i o n o f d i r e c t - t o - c o n s u m e r i n s u r a n c e a s s i s t a n c e a n d t h e r a p i d a d o p t i o n
o f B u s i n e s s I n t e l l i g e n c e ( B I ) t o o l s b y m a r k e t p l a y e r s a r e o f f e r i n g n u m e r o u s o p p o r t u n i t i e s f o r m a r k e t e x p a n s i o n .
L o o k i n g f o r w a r d , t h e m a r k e t i s a n t i c i p a t e d t o r e a c h a v a l u e o f U S $ 8 1 . 1 B i l l i o n b y 2 0 3 2 , e x h i b i t i n g a C A G R o f 8 . 7 % d u r i n g 2 0 2 4 -
2 0 3 2 .
V i e w R e p o r t T O C , F i g u r e s a n d T a b l e s : h t t p s : / / w w w . i m a r c g r o u p . c o m / m o b i l e - p h o n e - i n s u r a n c e - m a r k e t
Breakup by Phone Type:
• New Phone
• Refurbished
Breakup by Coverage:
• Physical Damage
• Electronic Damage
Report
• Virus Protect ion
Segmentation • Data Protection
• Theft Protection
Breakup by Distribution Channel:
• Mobile Operators
• Device OEMs
• Retai lers
• Online
• Others
Breakup by End-User:
• Corporate
• Personal
Report
Segmentation Breakup by Region:
• North America
• Europe
• Asia Pacifi c
• Middle East and Afr ica
• Latin America
• Amer ican Internat ional Group, Inc
• Al l ianz SE
• AmTrust Internat ional L imited
• Apple Inc.
• AT&T Inc.
•
Competitive AXA Group
• Deutsche Telekom AG
Landscape • Liberty Mutual Insurance Group
• Pier Insurance Managed Serv ices Ltd.
with Key
• Samsung Electronics Co. Ltd.
Players • SoftBank Group Corp.
• Spr int Corporat ion
• Te le fónica Insurance S.A.
• Verizon Communicat ions Inc.
• Vodafone Group Plc
• Xiaomi Corporat ion
• Orange S.A.
How has the global mobile phone insurance market
performed so far and how will it perform in the
coming years?
What are the key regional markets in the global
mobile phone insurance industry?
Key What has been the impact of COVID-19 on the
global mobile phone insurance industry?
Questions
Answered in What is the breakup of the market based on the phone type?
the Report
What is the breakup of the market based on the
coverage?
What is the breakup of the market based on the
distribution channel?
What is the breakup of the market based on the
end-user?
What are the various stages in the value chain of
the global mobile phone insurance industry?
What are the key driving factors and challenges in
the global mobile phone insurance industry?
Key What is the structure of the global mobile phone insurance industry and who are the key players?
Questions
What is the degree of competition in the global
mobile phone insurance industry?
Answered in
the Report What are the profit margins in the global mobile phone insurance industry?
1 P r e f a c e
2 S c o p e a n d M e t h o d o l o g y
2 . 1 O b j e c t i v e s o f t h e S t u d y
2 . 2 S t a k e h o l d e r s
2 . 3 D a t a S o u r c e s
2 . 3 . 1 P r i m a r y S o u r c e s
2 . 3 . 2 S e c o n d a r y S o u r c e s
2 . 4 M a r k e t E s t i m a t i o n
Table of 2 . 4 . 1 B o t t o m - U p A p p r o a c h 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y
3 E x e c u t i v e S u m m a r y
4 I n t r o d u c t i o n
4 . 1 O v e r v i e w
Contents 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l M o b i l e P h o n e I n s u r a n c e M a r k e t
5 . 1 M a r k e t O v e r v i e w
5 . 2 M a r k e t P e r f o r m a n c e
5 . 3 I m p a c t o f C O V I D 1 9
5 . 4 M a r k e t B r e a k u p b y P h o n e T y p e
5 . 5 M a r k e t B r e a k u p b y C o v e r a g e
5 . 6 M a r k e t B r e a k u p b y D i s t r i b u t i o n C h a n n e l
5 . 7 M a r k e t B r e a k u p b y E n d - U s e r
5 . 8 M a r k e t B r e a k u p b y R e g i o n
5 . 9 M a r k e t F o r e c a s t
6 M a r k e t B r e a k u p b y P h o n e T y p e
6 . 1 N e w P h o n e
6 . 1 . 1 M a r k e t T r e n d s
6 . 1 . 2 M a r k e t F o r e c a s t
6 . 2 R e f u r b i s h e d
6 . 2 . 1 M a r k e t T r e n d s
6 . 2 . 2 M a r k e t F o r e c a s t
7 . 1 P h y s i c a l D a m a g e
7 . 1 . 1 M a r k e t T r e n d s
7 . 1 . 2 M a r k e t F o r e c a s t
7 . 2 E l e c t r o n i c D a m a g e
7 . 2 . 1 M a r k e t T r e n d s
7 . 2 . 2 M a r k e t F o r e c a s t
7 . 3 V i r u s P r o t e c t i o n
7 . 3 . 1 M a r k e t T r e n d s
7 . 3 . 2 M a r k e t F o r e c a s t
7 . 4 D a t a P r o t e c t i o n
Table of 7 . 4 . 1 M a r k e t T r e n d s 7 . 4 . 2 M a r k e t F o r e c a s t
7 . 5 T h e f t P r o t e c t i o n
7 . 5 . 1 M a r k e t T r e n d s
Contents 7 . 5 . 2 M a r k e t F o r e c a s t
8 M a r k e t B r e a k u p b y D i s t r i b u t i o n C h a n n e l
8 . 1 M o b i l e O p e r a t o r s
8 . 1 . 1 M a r k e t T r e n d s
8 . 1 . 2 M a r k e t F o r e c a s t
8 . 2 D e v i c e O E M s
8 . 2 . 1 M a r k e t T r e n d s
8 . 2 . 2 M a r k e t F o r e c a s t
8 . 3 R e t a i l e r s
8 . 3 . 1 M a r k e t T r e n d s
8 . 3 . 2 M a r k e t F o r e c a s t
8 . 4 O n l i n e
8 . 4 . 1 M a r k e t T r e n d s
8 . 4 . 2 M a r k e t F o r e c a s t
F o r m o r e i n f o r m a t i o n , v i s i t :
ht t ps : / /w ww. i ma rc gro up . c o m /m o b i l e -pho ne - i nsu ra nc e -m a rke t /
t o c
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