GCC Mobile Phone Insurance Market

Market Overview:

The GCC mobile phone insurance market is currently witnessing strong growth. 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. On account of these factors, the market is expected to continue its strong growth during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the GCC mobile phone insurance market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, 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.

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?

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    GCC Mobile Phone Insurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup Phone Type
    6.1    New Phone
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Refurbished
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by Coverage
    7.1    Physical Damage
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Electronic Damage
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Virus Protection
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Data Protection
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Theft Protection
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Mobile Operators
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Device OEMs
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Retailers
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Online
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Market Breakup by End User
    9.1    Corporate
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Personal
        9.2.1    Market Trends
        9.2.2    Market Forecast 
10    Market Breakup by Country
    10.1    Saudi Arabia
        10.1.1 Market Trends
        10.1.2 Market Breakup by Phone Type
        10.1.3 Market Breakup by Coverage 
        10.1.4 Market Breakup by Distribution Channel
        10.1.5 Market Breakup by End User
        10.1.6 Market Forecast
    10.2    UAE
        10.2.1 Market Trends
        10.2.2 Market Breakup by Phone Type
        10.2.3 Market Breakup by Coverage
        10.2.4 Market Breakup by Distribution Channel
        10.2.5 Market Breakup by End User
        10.2.6 Market Forecast
    10.3    Qatar
        10.3.1 Market Trends
        10.3.2 Market Breakup by Phone Type
        10.3.3 Market Breakup by Coverage
        10.3.4 Market Breakup by Distribution Channel
        10.3.5 Market Breakup by End User
        10.3.6 Market Forecast
    10.4    Oman
        10.4.1 Market Trends
        10.4.2 Market Breakup by Phone Type
        10.4.3 Market Breakup by Coverage
        10.4.4 Market Breakup by Distribution Channel
        10.4.5 Market Breakup by End User
        10.4.6 Market Forecast
    10.5    Kuwait
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Bahrain
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: GCC: Mobile Phone Insurance Market: Major Drivers and Challenges
Figure 2: GCC: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015-2020
Figure 3: GCC: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: GCC: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2020
Figure 5: GCC: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2020
Figure 6: GCC: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2020
Figure 7: GCC: Mobile Phone Insurance Market: Breakup by End User (in %), 2020
Figure 8: GCC: Mobile Phone Insurance Market: Breakup by Country (in %), 2020
Figure 9: GCC: Mobile Phone Insurance (New Phone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: GCC: Mobile Phone Insurance (New Phone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: GCC: Mobile Phone Insurance (Refurbished) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: GCC: Mobile Phone Insurance (Refurbished) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: GCC: Mobile Phone Insurance (Physical Damage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: GCC: Mobile Phone Insurance (Physical Damage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: GCC: Mobile Phone Insurance (Electronic Damage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: GCC: Mobile Phone Insurance (Electronic Damage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: GCC: Mobile Phone Insurance (Virus Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: GCC: Mobile Phone Insurance (Virus Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: GCC: Mobile Phone Insurance (Data Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: GCC: Mobile Phone Insurance (Data Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: GCC: Mobile Phone Insurance (Theft Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: GCC: Mobile Phone Insurance (Theft Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: GCC: Mobile Phone Insurance (Mobile Operators) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: GCC: Mobile Phone Insurance (Mobile Operators) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: GCC: Mobile Phone Insurance (Device OEMs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: GCC: Mobile Phone Insurance (Device OEMs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: GCC: Mobile Phone Insurance (Retailers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: GCC: Mobile Phone Insurance (Retailers) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: GCC: Mobile Phone Insurance (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: GCC: Mobile Phone Insurance (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: GCC: Mobile Phone Insurance (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: GCC: Mobile Phone Insurance (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: GCC: Mobile Phone Insurance (Corporate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: GCC: Mobile Phone Insurance (Corporate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: GCC: Mobile Phone Insurance (Personal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: GCC: Mobile Phone Insurance (Personal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Saudi Arabia: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Saudi Arabia: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2020
Figure 39: Saudi Arabia: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2020 
Figure 40: Saudi Arabia: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2020
Figure 41: Saudi Arabia: Mobile Phone Insurance Market: Breakup by End User (in %), 2020
Figure 42: Saudi Arabia: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: UAE: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: UAE: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2020
Figure 45: UAE: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2020 
Figure 46: UAE: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2020
Figure 47: UAE: Mobile Phone Insurance Market: Breakup by End User (in %), 2020
Figure 48: UAE: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Qatar: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Qatar: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2020
Figure 51: Qatar: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2020 
Figure 52: Qatar: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2020
Figure 53: Qatar: Mobile Phone Insurance Market: Breakup by End User (in %), 2020
Figure 54: Qatar: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Oman: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Oman: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2020
Figure 57: Oman: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2020 
Figure 58: Oman: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2020
Figure 59: Oman: Mobile Phone Insurance Market: Breakup by End User (in %), 2020
Figure 60: Oman: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026 
Figure 61: Kuwait: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Kuwait: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Others: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Others: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: GCC: Mobile Phone Insurance Industry: SWOT Analysis
Figure 66: GCC: Mobile Phone Insurance Industry: Value Chain Analysis
Figure 67: GCC: Mobile Phone Insurance Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Mobile Phone Insurance Market: Key Industry Highlights, 2020 and 2026
Table 2: GCC: Mobile Phone Insurance Market Forecast: Breakup by Phone Type (in Million US$), 2021-2026
Table 3: GCC: Mobile Phone Insurance Market Forecast: Breakup by Coverage (in Million US$), 2021-2026
Table 4: GCC: Mobile Phone Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: GCC: Mobile Phone Insurance Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 6: GCC: Mobile Phone Insurance Market Forecast: Breakup by Country (in Million US$), 2021-2026
Table 7: GCC: Mobile Phone Insurance Market: Competitive Structure
Table 8: GCC: Mobile Phone Insurance Market: Key Players