Europe Mobile Phone Insurance Market Analysis: Segmentation, Industry Size, and Competitive Landscape 2021 to 2028

The Europe mobile phone insurance market is expected to grow from US$ 5,962.73 million in 2021 to US$ 10,811.60 million by 2028; it is estimated to grow at a CAGR of 8.9% during 2021–2028.

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Top Key Players Listed in the Europe Mobile Phone Insurance Market 2021 – 2028 Report Are:

    • American International Group, Inc.
    • Allianz SE
    • Apple Inc.
    • AT&T Inc.
    • Aviva insurance Limited
    • Better Buy Insurance
    • Gadget Cover
    • Insurance2go
    • Telefónica UK Limited
    • Pier Insurance Managed Services Ltd.

In this report, the market has been segmented on the basis of:

By sales channel, the Europe mobile phone insurance market is segmented into mobile operators, device OEMs, retailers, and others. The mobile operators have played a significant role in the mobile phone industry since decades by constantly upgrading their plans and traffics for pre-paid and post-paid customers. Several mobile operators in developed economies and developing income countries are venturing into the mobile phone insurance market with innovative, exciting, and affordable schemes, with an objective to ensure that the customers incur less expense in case of breakage or theft. The network operators offer its customers easy insurance claiming schemes that attracts the buyers, which facilitates the network providers to increase their annual revenue.

Based on phone type, the Europe mobile phone insurance market is bifurcated into new phone and refurbished. The market has gained prominence owing to the increase in sales of new smartphones. The high-tech smartphones are expensive and require protection. Technological damages due to the malfunction of any chips or ICs; physical damages, such as liquid damage and breakage; and theft incidents are common issues prevailing in the current scenario. Thus, an inclination is witnessed by the smartphone users toward insurance plans, which is facilitating the Europe mobile phone insurance market to expand. In addition, the device OEMs, network operators, and insurance companies are offering exciting and affordable insurance schemes to the buyers, thereby helping the market to grow presently.

Based on end user, the Europe mobile phone insurance market is bifurcated into corporate and personal. Mobile phones have become important in day-to-day life and their prominence is growing exponentially due to the rapid evolution of various internet-based applications and software. Nowadays, mobile phones are used for calling, storing personal information, internet access, and social media. The customers are inclined toward the safety of their smartphones, owing to the threats to damage, theft, or loss.

The Europe Mobile Phone Insurance Market 2021 – 2028 Competitive Viewpoint:

This analysis is a useful resource for investors, shareholders, industry planners, and new and existing businesses trying to broaden their reach within the current Market situation. While focusing on top companies and their corporate strategies, market presence, operative segmentation, aggressive outlook, geographical growth, pricing and price structures, the study painstakingly takes into consideration the market analysis.

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Reason to buy this report:

• Understand the Current and future of the Europe Mobile Phone Insurance Market in both Established and rising markets.
• The report enlightens the massive patterns, causes, and impact factors globally and regionally.

• The latest developments within the Europe Mobile Phone Insurance market and details of the industry leaders alongside their market share and methods.
• It looks into vital developments like extensions, agreements, new product launches, and acquisitions on the horizon.
• Analysis the market’s potential, preferred position, opportunity, difficulty, restrictions, and hazards on a world and regional level.

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