Europe Mobile Phone Insurance Market Size

Europe Mobile Phone Insurance Market Report by Phone Type (New Phone, Refurbished), Coverage (Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection), Distribution Channel (Mobile Operators, Device OEMs, Retailers, Online, and Others), End User (Corporate, Personal), and Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A2920

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Market Overview:

The Europe mobile phone insurance market size reached US$ 7.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.6 Billion by 2032, exhibiting a growth rate (CAGR) of 7.07% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 7.2 Billion
Market Forecast in 2032	US$ 13.6 Billion
Market Growth Rate (2024-2032)	7.07%

Mobile phone insurance renders financial coverage to a smartphone user against unexpected damages. It generally covers loss, theft, accidental damage, malicious damage, water damage, accessories damage, cracked screens and mechanical breakdown. At present, various insurance companies operating in Europe are offering multi-device coverage that insures mobile phones of the whole family under a single policy.

The growing incidents of thefts, accidental damage, malfunction and virus infection in smartphones, along with the increasing focus of users to safeguard their mobile phones, represents one of the key factors impelling the market growth in Europe. Apart from this, key players are adopting business intelligence (BI) tools to monitor consumer buying behaviors and gain insights on the latest trends. They are also collaborating with telecommunication operators to offer innovative insurance schemes during the mobile phone purchase. Additionally, several companies are utilizing the direct-to-consumer assistance model to provide improved consumer service. Besides this, due to the spread of the coronavirus disease (COVID-19) and increasing adoption of digital solutions, online insurance portals are gaining traction as they save time and provide 24x7 services, which is anticipated to fuel the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe mobile phone insurance market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on 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:

Germany
France
United Kingdom
Italy
Spain
Others

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Phone Types Covered	New Phone, Refurbished
Coverages Covered	Physical Damage, Electronic Damage, Virus Protection, Data Protection, Theft Protection
Distribution Channels Covered	Mobile Operators, Device OEMs, Retailers, Online, Others
End Users Covered	Corporate, Personal
Countries Covered	Germany, France, United Kingdom, Italy, Spain, Others
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

How has the Europe 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 Europe 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 Europe mobile phone insurance market and who are the key players?
What is the degree of competition in the industry?

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