Europe Mobile Phone Insurance Market Introduction and Overview
According to SPER Market Research, the Europe Mobile Phone Insurance Market is estimated to reach USD XX billion by 2033 with a CAGR of XX%.
The report includes an in-depth analysis of the Europe Mobile Phone Insurance Market, including market size and trends, product mix, Applications, and supplier analysis. A sort of insurance policy known as "mobile phone insurance" is acquired along with the purchase of a new mobile phone. The majority of people who purchase these insurance policies do so with expensive smartphones, although the company that issues them may make them available for any type of cell phone.
- November 2021: For USD 320 million, Experian, a US-based provider of information services, purchased InsurTech Gabi. Experian aimed to enhance the user experience for people looking for the best and most affordable insurance products with the acquisition of InsurTech Gabi. A mobile-first insurtech company called InsurTech Gabi was founded in the US.
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Market Opportunities and Challenges
Opportunities: One of the main factors creating the opportunities for the market expansion in Europe is the rising number of thefts, accidental damage, malfunctions, and virus infections in smartphones, together with the growing attention that users are giving to securing their mobile devices. In addition, major businesses are using business intelligence (BI) solutions to track customer purchasing patterns and learn about the most recent trends. Additionally, they are working with telecom companies to provide cutting-edge insurance plans for customers buying mobile phones.
Challenges: One of the main challenges that could prevent the market from expanding over the forecast period is the high cost of smartphones. Smartphone prices can vary for a number of reasons, most commonly because of import taxes, local tax rates, and occasionally just plain old profiteering on the part of the manufacturer. Consequently, the increased price of smartphones in Europe may eventually have an impact on the demand for mobile phone insurance services. In turn, it is projected that it will impede market expansion in the upcoming years.
Market Competitive Landscape
The market for mobile phone insurance in Europe is extremely competitive, with all of the providers constantly vying for a bigger market share. The major players in the market include: American International Group, Inc., Allianz SE, Apple Inc., AT&T Inc., Aviva Insurance Limited, Better Buy Insurance, Gadget Cover, Insurance2go, Telefonica UK Limited, Pier Insurance Managed Services Ltd., Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033
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| Base year considered | 2022
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| Forecast period | 2023-2033
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| Segments covered | By Phone Type, By Coverage, By Distribution Channel, By End User
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| Regions covered | France, Germany, Italy, Spain, U.K., Others
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| Companies Covered | American International Group, Inc., Allianz SE, Apple Inc., AT&T Inc., Aviva Insurance Limited, Better Buy Insurance, Gadget Cover, Insurance2go, Telefonica UK Limited, Pier Insurance Managed Services Ltd., Others
|
COVID-19 Impact on Europe Mobile Phone Insurance Market
The European market for mobile phone insurance was significantly impacted by the coronavirus epidemic, which had a negative impact on the market for smartphones and other mobile devices. Smartphone sales also suffered a significant reduction in the market, even though the majority of companies in the market reported revenue declines from the mobile phone insurance industry. The market is anticipated to rebound in the upcoming years, nonetheless, as a result of the rising initiatives taken by European governments to boost the economy. Additionally, it is anticipated that smartphone lifespans would lengthen, which will help the market for mobile phone insurance to expand during the study period.
Key Target Audience
- E-commerce Platforms
- Electronics Retailers
- Gadget Enthusiasts
- Individual Consumers
- Mobile Network Providers
- Mobile Retailers
- Retail Customers
- Smartphone Owners
- Telecommunication Companies
- Others
Our in-depth analysis of the Europe Mobile Phone Insurance Market includes the following segments:
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By Phone Type:
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New Phone
Refurbished
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By Coverage:
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Data Protection
Electronic Damage
Physical Damage
Theft Protection
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By Distribution Channel:
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Device OEMs
Mobile Operators
Online
Retailers
Others
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By End User:
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Corporate
Personal
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Key Topics Covered in the Report
- Europe Mobile Phone Insurance Market Size (FY’2023-FY’2033)
- Overview of Europe Mobile Phone Insurance Market
- Segmentation of Europe Mobile Phone Insurance Market By Phone Type (New Phone, Refurbished)
- Segmentation of Europe Mobile Phone Insurance Market By Coverage (Data Protection, Electronic Damage, Physical Damage, Theft Protection, Virus Protection)
- Segmentation of Europe Mobile Phone Insurance Market By Distribution Channel (Device OEMs, Mobile Operators, Online, Retailers, Others)
- Segmentation of Europe Mobile Phone Insurance Market By End User (Corporate, Personal)
- Statistical Snap of Europe Mobile Phone Insurance Market
- Expansion Analysis of Europe Mobile Phone Insurance Market
- Problems and Obstacles in Europe Mobile Phone Insurance Market
- Competitive Landscape in the Europe Mobile Phone Insurance Market
- Impact of COVID-19 and Demonetization on Europe Mobile Phone Insurance Market
- Details on Current Investment in Europe Mobile Phone Insurance Market
- Competitive Analysis of Europe Mobile Phone Insurance Market
- Prominent Players in the Europe Mobile Phone Insurance Market
- SWOT Analysis of Europe Mobile Phone Insurance Market
- Europe Mobile Phone Insurance Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Europe Mobile Phone Insurance Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Europe Mobile Phone Insurance Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Mobile Phone Insurance Market
7. Europe Mobile Phone Insurance Market, By Phone Type, 2019-2033 (USD Million)
7.1 New Phone
7.2 Refurbished
8. Europe Mobile Phone Insurance Market, By Coverage, 2019-2033 (USD Million)
8.1 Data Protection
8.2 Electronic Damage
8.3 Physical Damage
8.4 Theft Protection
8.5 Virus Protection
9. Europe Mobile Phone Insurance Market, By Distribution Channel, 2019-2033 (USD Million)
9.1 Device OEMs
9.2 Mobile Operators
9.3 Online
9.4 Retailers
9.5 Others
10. Europe Mobile Phone Insurance Market, By End User, 2019-2033 (USD Million)
10.1 Corporate
10.2 Personal
11. Europe Mobile Phone Insurance Market, By Region, 2019-2033 (USD Million)
11.1 Europe Mobile Phone Insurance Size and Market Share by Region (2019-2026)
11.2 Europe Mobile Phone Insurance Size and Market Share by Region (2027-2033)
11.3 France
11.4 Germany
11.5 Italy
11.6 Spain
11.7 U.K.
11.8 Others
12. Company Profiles
12.1 American International Group, Inc.
12.1.1 Company details
12.1.2 Financial outlook
12.1.3 Product summary
12.1.4 Recent developments
12.2 Allianz SE
12.2.1 Company details
12.2.2 Financial outlook
12.2.3 Product summary
12.2.4 Recent developments
12.3 Apple Inc.
12.3.1 Company details
12.3.2 Financial outlook
12.3.3 Product summary
12.3.4 Recent developments
12.4 AT&T Inc.
12.4.1 Company details
12.4.2 Financial outlook
12.4.3 Product summary
12.4.4 Recent developments
12.5 Aviva Insurance Limited
12.5.1 Company details
12.5.2 Financial outlook
12.5.3 Product summary
12.5.4 Recent developments
12.6 Better Buy Insurance
12.6.1 Company details
12.6.2 Financial outlook
12.6.3 Product summary
12.6.4 Recent developments
12.7 Gadget Cover
12.7.1 Company details
12.7.2 Financial outlook
12.7.3 Product summary
12.7.4 Recent developments
12.8 Insurance2go
12.8.1 Company details
12.8.2 Financial outlook
12.8.3 Product summary
12.8.4 Recent developments
12.9 Telefonica UK Limited
12.9.1 Company details
12.9.2 Financial outlook
12.9.3 Product summary
12.9.4 Recent developments
12.10 Pier Insurance Managed Services Ltd.
12.10.1 Company details
12.10.2 Financial outlook
12.10.3 Product summary
12.10.4 Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
