North America Mobile Phone Insurance Market 2019-2026 by Coverage, Phone Type, Distribution Channel, End-user, and Country: Trend Forecast and Growth Opportunity

North America mobile phone insurance market is to reach $12.82 billion in 2025, growing by 10.36% due to a rising demand for protect mobiles against accidents

Mobile phone owners often express concerns about the safety of their phones post the expiration of their warranty. The costs associated with the repair and maintenance of damaged smartphones prove to be expensive after the warranty expires. Providing an insurance cover to smartphones saves a lot of money of consumers as the burden of repair cost is delegated to insurance providers. This is the reason the North America mobile phone insurance market is expected to reach $12.82 billion in 2025, growing by 10.36% over the next years due to a rising demand for protecting mobile phones in the region. Many different factors affect the consumer and create demand for this product firstly, mobile phones are highly susceptible to physical and technical damages, such as damaged casing, and excessive dust and dirt, which may have a detrimental effect on the Printed Circuit Board (PCB) and coverages. Such damages may also incur enormous losses for users and hence, are expected to increase the demand for mobile phone insurance over the forecast period. The increasing costs of smartphones are also compelling consumers to opt for mobile phone coverage policies. Furthermore, the increasing collaborations among mobile phone manufacturers and insurance providers are also anticipated to drive market growth over the forecast period. Moreover, the provision of direct-to-consumer insurance assistance is expected to create substantial growth opportunities for market players over the forecast period. The direct-to-consumer insurance assistance model provides improved customer experience as opposed to insurance selling through traditional distribution channels. Strategic business intelligence is used for monitoring Key Performance Indicators (KPIs) about policy growth, incurred claims ratio, the average time to settle a claim, and so on. KPIs also help evaluate the development of the insurance companies and also enable potential investors to determine the effectiveness of a company’s operational strategies. Furthermore, the implementation of BI tools helps companies track data about customer buying behavior and gain insights on consumer trends, thereby helping them make informed decisions in terms of the services that can be introduced in the mobile phone insurance market.
 
Impacts of the COVID-19 Pandemic:
Most industries across the world have been negatively impacted over the last few months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the global Mobile Phone Insurance market. Moreover, consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak. These aforementioned elements are expected to burden the revenue trajectory of the global Mobile Phone Insurance market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the global Mobile Phone Insurance market is expected to recover accordingly.
 
All of the above mentioned information has been analysed deeply and Highlighted with 21 tables and 35 figures, this 99-page report “North America Mobile Phone Insurance Market 2019-2026 by Coverage, Phone Type, Distribution Channel, End-user, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America mobile phone insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report provides historical data for 2016-2019 with 2019 as the base year, estimates for 2020, and forecasts for 2020-2026. (Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
 
 In-depth qualitative analyses include identification and investigation of the following aspects:
•    Market Structure
•    Growth Drivers
•    Restraints and Challenges
•    Emerging Product Trends & Market Opportunities
•    Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view. The balanced (most likely) projection is used to quantify North America mobile phone insurance market in every aspect of the classification from perspectives of Coverage, Phone Type, Distribution Channel, End-user, and Country.
 
By Coverage:
•    Physical Damage
•    Electronic Damage
•    Theft Protection
•    Virus & Data Protection
•    Other Coverage

By Phone type:
•    High-end Phones
•    Mid-grade Phones
•    Low-end Phones

By Distribution channel:

•    Mobile Providers
•    Phone OEMs
•    Retail Stores
•    Online
•    Other Channels


By End-user:
•    Personal
•    Enterprise

 

By Geography 
•    U.S.
•    Canada

For each of the countries, market analysis and revenue data are available for 2016-2026. The breakdown of major national markets by Coverage, Phone Type, and Distribution Channel over the study years (2016-2026) is included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging playersSpecifically, potential risks associated with investing in North America mobile phone insurance market are assayed quantitatively and qualitatively through GMD’s Risk Assessment System. According to the risk analysis and evaluation, Critical Success Factors (CSFs) are generated as a guidance to help investors & stockholders identify emerging opportunities, manage and minimize the risks, develop appropriate business models, and make wise strategies and decisions.

Key Players: AIG, Allianz Insurance, Apple Inc, Assurant, Inc., Asurion, LLC, At&T Inc., Aviva, Better Buy Insurance, Blackberry Limited, Brightstar Corp., Gadget Cover, Insurance2go, Liberty Mutual Insurance Group, O2 Mobile Insurance, Pier Insurance Managed Services, ProtectCELL, Protect your Bubble, Salt, Sunrise, Swisscom, Switched on Insurance, Tinhat, Trov, Inc.
  
(Please Note: The report will be updated before delivery to make sure that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

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Arun Kalwani

Arun Kalwani

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Table of Contents

  • Table of Contents
  • 1. Introduction
  • 1.1 Industry Definition and Research Scope
  • 1.1.1 Industry Definition
  • 1.1.2 Research Scope
  • 2. Research Methodology
  • 2.1 Overview of Market Research Methodology
  • 2.1.1 Market Assumption
  • 2.1.2 Secondary Data
  • 2.1.3 Primary Data
  • 2.1.4 Data Filtration and Model Design
  • 2.1.5 Market Size/Share Estimation
  • 2.1.6 Research Limitations
  • 2.2 Executive Summary
  • 3. Market Overview and Dynamics
  • 3.1 Market Size and Forecast
  • 3.2 Major Growth Drivers
  • 3.3 Market Restraints and Challenges
  • 3.4 Emerging Opportunities and Market Trends
  • 3.5 Porter’s Fiver Forces Analysis
  • 4. Segmentation of North America Market by Coverage
  • 4.1 Market Overview by Coverage
  • 4.2 Physical Damage
  • 4.3 Electronic Damage
  • 4.4 Theft Protection
  • 4.5 Virus & Data Protection
  • 4.6 Other Coverage
  • 5. Segmentation of North America Market by Phone Type
  • 5.1 Market Overview by Phone Type
  • 5.2 High-end Phones
  • 5.3 Mid-grade Phones
  • 5.4 Low-end Phones
  • 6. Segmentation of North America Market by Distribution Channel
  • 6.1 Market Overview by Distribution Channel
  • 6.2 Mobile Providers
  • 6.3 Phone OEMs
  • 6.4 Retail Stores
  • 6.5 Online
  • 6.6 Other Channels
  • 7. Segmentation of North America Market by End-user
  • 7.1 Market Overview by End-user
  • 7.2 Personal
  • 7.3 Enterprise
  • 8. North America Market 2016-2026 by Country
  • 8.1 Overview of North America Market
  • 8.2 U.S. Market
  • 8.3 Canadian Market
  • 9. Competitive Landscape
  • 9.1 Overview of Key Vendors
  • 9.2 New Product Launch, Partnership, Investment, and M&A
  • 9.3 Company Profiles
  • 9.3.1 AIG
  • 9.3.2 Allianz Insurance
  • 9.3.3 Apple Inc
  • 9.3.4 Assurant, Inc.
  • 9.3.5 Asurion, LLC
  • 9.3.6 At&T Inc.
  • 9.3.7 Aviva
  • 9.3.8 Better Buy Insurance
  • 9.3.9 Blackberry Limited
  • 9.3.10 Brightstar Corp.
  • 9.3.11 Gadget Cover
  • 9.3.12 Insurance2go
  • 9.3.13 Liberty Mutual Insurance Group
  • 9.3.14 O2 Mobile Insurance
  • 9.3.15 Pier Insurance Managed Services
  • 9.3.16 ProtectCELL
  • 9.3.17 Protect your Bubble
  • 9.3.18 Salt
  • 9.3.19 Sunrise
  • 9.3.20 Swisscom
  • 9.3.21 Switched on Insurance
  • 9.3.22 Tinhat
  • 9.3.23 Trov, Inc.
  • 10. Investing in North America Market: Risk Assessment and Management
  • 10.1 Risk Evaluation of North America Market
  • 10.2 Critical Success Factors (CSFs)
  • Related Reports and Products

List of Tables:

Table 1. Snapshot of North America Mobile Phone Insurance Market, 2019-2027
Table 2. Main Product Trends and Market Opportunities in North America Mobile Phone Insurance Market
Table 3. North America Mobile Phone Insurance Market by Coverage, 2016-2027, $ mn
Table 4. North America Mobile Phone Insurance Market by Phone Type, 2016-2027, $ mn
Table 5. North America Mobile Phone Insurance Market by Distribution Channel, 2016-2027, $ mn
Table 6. North America Mobile Phone Insurance Market by End-user, 2016-2027, $ mn
Table 7. North America Mobile Phone Insurance Market by Country, 2016-2027, $ mn
Table 8. U.S. Mobile Phone Insurance Market by Coverage, 2016-2027, $ mn
Table 9. U.S. Mobile Phone Insurance Market by Phone Type, 2016-2027, $ mn
Table 10. U.S. Mobile Phone Insurance Market by Distribution Channel, 2016-2027, $ mn
Table 11. Canada Mobile Phone Insurance Market by Coverage, 2016-2027, $ mn
Table 12. Canada Mobile Phone Insurance Market by Phone Type, 2016-2027, $ mn
Table 13. Canada Mobile Phone Insurance Market by Distribution Channel, 2016-2027, $ mn
Table 14. North America Mobile Phone Insurance Market by Key Vendor, 2021, $ mn
Table 15. AIG: Company Snapshot
Table 16. AIG: Business Segmentation
Table 17. AIG: Product Portfolio
Table 18. AIG: Revenue, 2016-2021, $ mn
Table 19. AIG: Recent Developments
Table 20. Risk Evaluation for Investing in North America Market, 2019-2027
Table 21. Critical Success Factors and Key Takeaways

List of Figures:

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2027
Figure 4. North America Mobile Phone Insurance Market, 2016-2027, $ mn
Figure 5. Primary Drivers and Impact Factors of North America Mobile Phone Insurance Market
Figure 6. Primary Restraints and Impact Factors of North America Mobile Phone Insurance Market
Figure 7. Porter’s Fiver Forces Analysis of North America Mobile Phone Insurance Market
Figure 8. Breakdown of North America Mobile Phone Insurance Market by Coverage, 2021-2027, % of Revenue
Figure 9. Contribution to North America 2021-2027 Cumulative Revenue by Coverage, Value ($ mn) and Share (%)
Figure 10. North America Mobile Phone Insurance Market: Physical Damage, 2016-2027, $ mn
Figure 11. North America Mobile Phone Insurance Market: Electronic Damage, 2016-2027, $ mn
Figure 12. North America Mobile Phone Insurance Market: Theft Protection, 2016-2027, $ mn
Figure 13. North America Mobile Phone Insurance Market: Virus & Data Protection, 2016-2027, $ mn
Figure 14. North America Mobile Phone Insurance Market: Other Coverage, 2016-2027, $ mn
Figure 15. Breakdown of North America Mobile Phone Insurance Market by Phone Type, 2021-2027, % of Revenue
Figure 16. Contribution to North America 2021-2027 Cumulative Revenue by Phone Type, Value ($ mn) and Share (%)
Figure 17. North America Mobile Phone Insurance Market: High-end Phones, 2016-2027, $ mn
Figure 18. North America Mobile Phone Insurance Market: Mid-grade Phones, 2016-2027, $ mn
Figure 19. North America Mobile Phone Insurance Market: Low-end Phones, 2016-2027, $ mn
Figure 20. Breakdown of North America Mobile Phone Insurance Market by Distribution Channel, 2021-2027, % of Revenue
Figure 21. Contribution to North America 2021-2027 Cumulative Revenue by Distribution Channel, Value ($ mn) and Share (%)
Figure 22. North America Mobile Phone Insurance Market: Mobile Providers, 2016-2027, $ mn
Figure 23. North America Mobile Phone Insurance Market: Phone OEMs, 2016-2027, $ mn
Figure 24. North America Mobile Phone Insurance Market: Retail Stores , 2016-2027, $ mn
Figure 25. North America Mobile Phone Insurance Market: Online, 2016-2027, $ mn
Figure 26. North America Mobile Phone Insurance Market: Other Channels, 2016-2027, $ mn
Figure 27. Breakdown of North America Mobile Phone Insurance Market by End-user, 2021-2027, % of Revenue
Figure 28. Contribution to North America 2021-2027 Cumulative Revenue by End-user, Value ($ mn) and Share (%)
Figure 29. North America Mobile Phone Insurance Market: Personal, 2016-2027, $ mn
Figure 30. North America Mobile Phone Insurance Market: Enterprise, 2016-2027, $ mn
Figure 31. Breakdown of North America Mobile Phone Insurance Market by Country, 2021 and 2027, % of Revenue
Figure 32. Contribution to North America 2021-2027 Cumulative Revenue by Country, Value ($ mn) and Share (%)
Figure 33. U.S. Mobile Phone Insurance Market, 2016-2027, $ mn
Figure 34. Canada Mobile Phone Insurance Market, 2016-2027, $ mn
Figure 35. Growth Stage of North America Mobile Phone Insurance Industry over the Forecast Period

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North America Mobile Phone Insurance Market 2019-2026 by Coverage, Phone Type, Distribution Channel, End-user, and Country: Trend Forecast and Growth Opportunity

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