Market Overview:
The United States mobile phone insurance market is currently witnessing strong growth. Mobile phone insurance provides financial assistance to smartphone users against expenses or losses incurred due to uncertain damages. It generally offers coverage for theft, accidental damage, malicious damage, water damage, manufacturing defects, cracked screens, high repair costs and broken buttons. Presently, the rising instances of theft are positively influencing the demand for mobile phone insurance in the United States (US).
The rising number of flagship mobile users represents one of the key factors escalating the demand for mobile phone insurance in the US. Moreover, key players are adopting Business Intelligence (BI) tools to monitor key performance indicators (KPIs) and gain insights into the latest trends. They are also introducing policies with varying monthly premium amounts and offering coverage based on individual requirements. Furthermore, several mobile phone insurance companies are collaborating with telecommunication operators to expand their market reach in other countries. For instance, Assurant, Inc., a US-based risk management product and service company, formed a partnership with KDDI Corporation, a Japanese telecommunication operator, to offer an enhanced mobile device support program. 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 United States 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:
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:
Breakup by Region:
- Northeast
- Midwest
- South
- West
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 United States 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 United States 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 United States 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 United States 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 by 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 Northeast
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Midwest
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 South
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 West
10.4.1 Market Trends
10.4.2 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: United States: Mobile Phone Insurance Market: Major Drivers and Challenges
Figure 2: United States: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015-2020
Figure 3: United States: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 4: United States: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2020
Figure 5: United States: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2020
Figure 6: United States: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2020
Figure 7: United States: Mobile Phone Insurance Market: Breakup by End User (in %), 2020
Figure 8: United States: Mobile Phone Insurance Market: Breakup by Region (in %), 2020
Figure 9: United States: Mobile Phone Insurance (New Phone) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: United States: Mobile Phone Insurance (New Phone) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: United States: Mobile Phone Insurance (Refurbished) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: United States: Mobile Phone Insurance (Refurbished) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: United States: Mobile Phone Insurance (Physical Damage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: United States: Mobile Phone Insurance (Physical Damage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: United States: Mobile Phone Insurance (Electronic Damage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: United States: Mobile Phone Insurance (Electronic Damage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: United States: Mobile Phone Insurance (Virus Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: United States: Mobile Phone Insurance (Virus Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: United States: Mobile Phone Insurance (Data Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: United States: Mobile Phone Insurance (Data Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: United States: Mobile Phone Insurance (Theft Protection) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: United States: Mobile Phone Insurance (Theft Protection) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: United States: Mobile Phone Insurance (Mobile Operators) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: United States: Mobile Phone Insurance (Mobile Operators) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: United States: Mobile Phone Insurance (Device OEMs) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: United States: Mobile Phone Insurance (Device OEMs) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: United States: Mobile Phone Insurance (Retailers) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: United States: Mobile Phone Insurance (Retailers) Market Forecast:Sales Value (in Million US$), 2021-2026
Figure 29: United States: Mobile Phone Insurance (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: United States: Mobile Phone Insurance (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: United States: Mobile Phone Insurance (Other Distribution Channels) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: United States: Mobile Phone Insurance (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Mobile Phone Insurance (Corporate) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Mobile Phone Insurance (Corporate) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Mobile Phone Insurance (Personal) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Mobile Phone Insurance (Personal) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Northeast: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Northeast: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Midwest: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Midwest: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: South: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: South: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: West: Mobile Phone Insurance Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: West: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: United States: Mobile Phone Insurance Industry: SWOT Analysis
Figure 46: United States: Mobile Phone Insurance Industry: Value Chain Analysis
Figure 47: United States: Mobile Phone Insurance Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: United States: Mobile Phone Insurance Market: Key Industry Highlights, 2020 and 2026
Table 2: United States: Mobile Phone Insurance Market Forecast: Breakup by Phone Type (in Million US$), 2021-2026
Table 3: United States: Mobile Phone Insurance Market Forecast: Breakup by Coverage (in Million US$), 2021-2026
Table 4: United States: Mobile Phone Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: United States: Mobile Phone Insurance Market Forecast: Breakup by End User (in Million US$), 2021-2026
Table 6: United States: Mobile Phone Insurance Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: United States: Mobile Phone Insurance Market: Competitive Structure
Table 8: United States: Mobile Phone Insurance Market: Key Players