GCC Mobile Phone Insurance Market Size & Forecast 2033

GCC Mobile Phone Insurance Market Report by Phone Type (New Phone, Refurbished), Coverage (Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection), Distribution Channel (Mobile Operators, Device OEMs, Retailers, Online, and Others), End User (Corporate, Personal), and Country 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A2922

Market Overview:

The GCC mobile phone insurance market size reached USD 594.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,211.6 Million by 2033, exhibiting a growth rate (CAGR) of 7.83% during 2025-2033.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 594.0 Million
Market Forecast in 2033	USD 1,211.6 Million
Market Growth Rate (2025-2033)	7.83%

Mobile phone insurance provides reimbursement to the cell phone user against financial losses, which are beyond the control of the insured party. It usually offers coverage against theft, accidental damage, water damage, high repair cost, cracked screens and other broken parts. At present, due to the increasing sales of smartphones and the rising instances of robbery, mobile phone insurance is gaining traction in different parts of the GCC region.

The increasing utilization of smartphones, along with the growing focus of individuals on safeguarding their mobile devices, represents one of the major factors escalating the demand for mobile phone insurance in the GCC region. Moreover, the emergence of multichannel interaction and direct-to-consumer insurance assistance is bolstering the market growth. Apart from this, leading insurance providers are focusing on online insurance platforms and offering a paper-free process from purchase to claims of the policy. They are also providing mobile data and virus protection plans, which is anticipated to propel the market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the GCC mobile phone insurance market report, along with forecasts at the regional and country levels from 2025-2033. Our report has categorized the market based on phone type, coverage, distribution channel and end user.

Breakup by Phone Type:

New Phone
Refurbished

Breakup by Coverage:

Physical Damage
Electronic Damage
Virus Protection
Data Protection
Theft Protection

Breakup by Distribution Channel:

Mobile Operators
Device OEMs
Retailers
Online
Others

Breakup by End User:

Corporate
Personal

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Phone Type Coverage Distribution Channel End User Country
Phone Types Covered	New Phone, Refurbished
Coverages Covered	Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection
Distribution Channels Covered	Mobile Operators, Device OEMs, Retailers, Online, Others
End Users Covered	Corporate, Personal
Countries Covered	Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the GCC mobile phone insurance market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the GCC mobile phone insurance market?
What are the key regional markets?
What is the breakup of the market based on the phone type?
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 industry?
What are the key driving factors and challenges in the industry?
What is the structure of the GCC mobile phone insurance market and who are the key players?
What is the degree of competition in the industry?

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