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Mobile Phone Insurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global mobile phone insurance market was valued at US$ 22.6 Billion in 2018. The mobile phone insurance is the coverage taken by the cellular phone users in order to protect their cell phones from various damages and losses. The coverage is provided to the insured in case of circumstances such as damage, fire, theft, accident, and other unexpected situations. Mobile phone insurance helps the consumer to evade expensive replacement costs in case of mobile phone loss or breakdown. The market consists of well-established players across the globe that invest significantly in order to deliver the most elaborate insurance solutions to the customers.

Mobile phone Insurance Market

The increasing number of smartphones users and rising incidences of accidental damage, phone thefts, device malfunction, etc., are among the key factors driving the global mobile phone insurance market. Mobile phones are highly prone to physical and technical damages, and the rising cost of smartphones is driving the consumers towards opting for mobile phone insurance policies. Collaborations among mobile phone manufacturers and insurance regulators are also driving the market globally. Insurance vendors in the market are improving the policies with recovery features, data protection, and extensive technical support to the consumers while they claim their insurance. Moreover, the emergence of multichannel interaction, direct-to-consumer insurance assistance, online transaction platforms, etc, are also driving the global mobile phone insurance market further. Other factors driving the market include rising demand of data and virus protection plans, improving access through improved distribution networks, rising demand of premium smart phones, etc.  Looking forward, IMARC Group expects the market to reach a value of US$ 38.1 Billion by 2024, registering a CAGR of around 9% during 2019-2024.

Report Coverage:

  • Historical, Current and Future Market Trends
     
  • Market Breakup by Phone Type:
    • New Phone 
    • Refurbished
       
  • Market Breakup by Coverage:
    • Physical Damage
    • Electronic Damage
    • Virus Protection
    • Data Protection
    • Theft Protection
       
  • Market Breakup by Distribution Channel:
    • Mobile Operators
    • Device OEMs
    • Retailers  
    • Online
    • Others
       
  • Market Breakup by End-User:
    • Corporate
    • Personal
       
  • Market Breakup by Region:
    • North America
    • Europe
    • Asia Pacific
    • Middle East and Africa
    • Latin America
       

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being AIG, Allianz Insurance, AmTrust International Underwriters, Apple, AT&T, AXA, Deutsche Telekom, Liberty Mutual Insurance Group, Pier Insurance Managed Services, Samsung Electronics, SoftBank Corporation, Sprint Corporation, Telefonica Insurance S.A, Verizon Communications, Vodafone Group, Xiaomi, Orange, etc.

Key Questions Answered in This Report:

  • 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?
  • 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 global mobile phone insurance industry?
  • What are the key driving factors and challenges in the global mobile phone insurance industry?
  • What is the structure of the global mobile phone insurance industry and who are the key players?
  • What is the degree of competition in the global mobile phone insurance industry?
  • What are the profit margins in the global mobile phone insurance 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    Global Mobile Phone Insurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Phone Type
    5.4    Market Breakup by Coverage
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by End-User
    5.7    Market Breakup by Region
    5.8    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 Region
    10.1    Europe
        10.1.1    Market Trends
        10.1.2    Market Forecast
    10.2    North America
        10.2.1    Market Trends
        10.2.2    Market Forecast
    10.3    Asia Pacific
        10.3.1    Market Trends
        10.3.2    Market Forecast
    10.4    Middle East and Africa
        10.4.1    Market Trends
        10.4.2    Market Forecast
    10.5    Latin America
        10.5.1    Market Trends
        10.5.2    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    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    AIG
        15.3.2    Allianz Insurance
        15.3.3    AmTrust International Underwriters
        15.3.4    Apple
        15.3.5    AT&T
        15.3.6    AXA
        15.3.7    Deutsche Telekom
        15.3.8    Liberty Mutual Insurance Group
        15.3.9    Pier Insurance Managed Services
        15.3.10      Samsung Electronics
        15.3.11      SoftBank Corporation
        15.3.12      Sprint Corporation
        15.3.13      Telefonica Insurance S.A
        15.3.14      Verizon Communications
        15.3.15      Vodafone Group
        15.3.16      Xiaomi
        15.3.17      Orange


List of Figures

Figure 1: Global: Mobile Phone Insurance Market: Major Drivers and Challenges
Figure 2: Global: Mobile Phone Insurance Market: Sales Value (in Billion US$), 2013-2018
Figure 3: Global: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2018
Figure 4: Global: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2018
Figure 5: Global: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2018
Figure 6: Global: Mobile Phone Insurance Market: Breakup by End-User (in %), 2018
Figure 7: Global: Mobile Phone Insurance Market: Breakup by Region (in %), 2018
Figure 8: Global: Mobile Phone Insurance Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 9: Global: Mobile Phone Insurance Industry: SWOT Analysis
Figure 10: Global: Mobile Phone Insurance Industry: Value Chain Analysis
Figure 11: Global: Mobile Phone Insurance Industry: Porter’s Five Forces Analysis
Figure 12: Global: Mobile Phone Insurance (New Phone) Market: Sales Value (in Million US$), 2013-2018
Figure 13: Global: Mobile Phone Insurance (New Phone) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 14: Global: Mobile Phone Insurance (Refurbished) Market: Sales Value (in Million US$), 2013-2018
Figure 15: Global: Mobile Phone Insurance (Refurbished) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 16: Global: Mobile Phone Insurance (Physical Damage) Market: Sales Value (in Million US$), 2013-2018
Figure 17: Global: Mobile Phone Insurance (Physical Damage) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 18: Global: Mobile Phone Insurance (Electronic Damage) Market: Sales Value (in Million US$), 2013-2018
Figure 19: Global: Mobile Phone Insurance (Electronic Damage) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 20: Global: Mobile Phone Insurance (Virus Protection) Market: Sales Value (in Million US$), 2013-2018
Figure 21: Global: Mobile Phone Insurance (Virus Protection) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 22: Global: Mobile Phone Insurance (Data Protection) Market: Sales Value (in Million US$), 2013-2018
Figure 23: Global: Mobile Phone Insurance (Data Protection) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 24: Global: Mobile Phone Insurance (Theft Protection) Market: Sales Value (in Million US$), 2013-2018
Figure 25: Global: Mobile Phone Insurance (Theft Protection) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 26: Global: Mobile Phone Insurance Market: Sales through Mobile Operators (in Million US$), 2013-2018
Figure 27: Global: Mobile Phone Insurance Market Forecast: Sales through Mobile Operators (in Million US$), 2019-2024
Figure 28: Global: Mobile Phone Insurance Market: Sales through Device OEMs (in Million US$), 2013-2018
Figure 29: Global: Mobile Phone Insurance Market Forecast: Sales through Device OEMs (in Million US$), 2019-2024
Figure 30: Global: Mobile Phone Insurance Market: Sales through Retailers (in Million US$), 2013-2018
Figure 31: Global: Mobile Phone Insurance Market Forecast: Sales through Retailers (in Million US$), 2019-2024
Figure 32: Global: Mobile Phone Insurance Market: Sales through Online (in Million US$), 2013-2018
Figure 33: Global: Mobile Phone Insurance Market Forecast: Sales through Online (in Million US$), 2019-2024
Figure 34: Global: Mobile Phone Insurance Market: Sales through Other Distribution Channels (in Million US$), 2013-2018
Figure 35: Global: Mobile Phone Insurance Market Forecast: Sales through Other Distribution Channels (in Million US$), 2019-2024
Figure 36: Global: Mobile Phone Insurance (Corporate) Market: Sales Value (in Million US$), 2013-2018
Figure 37: Global: Mobile Phone Insurance (Corporate) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Global: Mobile Phone Insurance (Personal) Market: Sales Value (in Million US$), 2013-2018
Figure 39: Global: Mobile Phone Insurance (Personal) Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 40: Europe: Mobile Phone Insurance Market: Sales Value (in Million US$), 2013-2018
Figure 41: Europe: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 42: North America: Mobile Phone Insurance Market: Sales Value (in Million US$), 2013-2018
Figure 43: North America: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 44: Asia Pacific: Mobile Phone Insurance Market: Sales Value (in Million US$), 2013-2018
Figure 45: Asia Pacific: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 46: Middle East and Africa: Mobile Phone Insurance Market: Sales Value (in Million US$), 2013-2018
Figure 47: Middle East and Africa: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 48: Latin America: Mobile Phone Insurance Market: Sales Value (in Million US$), 2013-2018
Figure 49: Latin America: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2019-2024


List of Tables

Table 1: Global: Mobile Phone Insurance Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Mobile Phone Insurance Market Forecast: Breakup by Phone Type (in Million US$), 2019-2024
Table 3: Global: Mobile Phone Insurance Market Forecast: Breakup by Coverage (in Million US$), 2019-2024
Table 4: Global: Mobile Phone Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2019-2024
Table 5: Global: Mobile Phone Insurance Market Forecast: Breakup by End-User (in Million US$), 2019-2024
Table 6: Global: Mobile Phone Insurance Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 7: Global: Mobile Phone Insurance Market Structure
Table 8: Global: Mobile Phone Insurance Market: Key Players

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