North America Mobile Phone Insurance Market 2022-2032 by Coverage (Physical Damage, Internal Failure, Theft, Virus), Phone Type (Premium, Mid & High-end, Budget), Phone Category (New, Refurbished), End User (Personal, Enterprise), Distribution Channel (Mobile Providers, OEMs, Retail, Online), and Country: Trend Forecast and Growth Opportunity
North America Mobile Phone Insurance Market 2022-2032 by Coverage (Physical Damage, Internal Failure, Theft, Virus), Phone Type (Premium, Mid & High-end, Budget), Phone Category (New, Refurbished), End User (Personal, Enterprise), Distribution Channel (Mobile Providers, OEMs, Retail, Online), and Country: Trend Forecast and Growth Opportunity
North America mobile phone insurance market is projected to grow by 11.0% annually in the forecast period and reach $27.94 billion by 2032, driven by the rising number of mobile users, growing incidents of damages involving unintentional handling damage and virus infection, and the surging cases of phone thefts.
Highlighted with 67 tables and 44 figures, this 128-page report “North America Mobile Phone Insurance Market 2022-2032 by Coverage (Physical Damage, Internal Failure, Theft, Virus), Phone Type (Premium, Mid & High-end, Budget), Phone Category (New, Refurbished), End User (Personal, Enterprise), Distribution Channel (Mobile Providers, OEMs, Retail, Online), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America mobile phone insurance market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America mobile phone insurance market in every aspect of the classification from perspectives of Coverage, Phone Type, Phone Category, End User, Distribution Channel, and Country.
Based on Coverage, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Physical Damage
• Internal Component Failure
• Theft & Loss Protection
• Virus & Data Protection
• Other Coverage
Based on Phone Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Premium Smartphones
• Mid & High-end Phones
• Budget Phones
By Phone Category, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• New Phones
• Refurbished Phones
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Personal
• Enterprise
By Distribution Channel, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.
• Mobile Providers
• Phone OEMs
• Retail Stores
• Online
• Other Channels
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Coverage, Phone Type, and Distribution Channel over the forecast years are also included.
The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
AIG
Allianz Insurance
Apple Inc
Assurant, Inc.
Asurion, LLC
At&T Inc.
Aviva
Better Buy Insurance
Brightstar Corp.
Gadget Cover
Insurance2go
Liberty Mutual Insurance Group
O2 Mobile Insurance
Pier Insurance Managed Services
ProtectCELL
Protect your Bubble
Salt Insurance Services Limited
Sunrise Communications AG
Swisscom
Switched on Insurance
Three Ireland (Hutchison) Limited
Tinhat
Trov, Inc.
(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)
1 Introduction 8
1.1 Industry Definition and Research Scope 8
1.1.1 Industry Definition 8
1.1.2 Research Scope 9
1.2 Research Methodology 12
1.2.1 Overview of Market Research Methodology 12
1.2.2 Market Assumption 13
1.2.3 Secondary Data 13
1.2.4 Primary Data 13
1.2.5 Data Filtration and Model Design 14
1.2.6 Market Size/Share Estimation 15
1.2.7 Research Limitations 16
1.3 Executive Summary 17
2 Market Overview and Dynamics 20
2.1 Market Size and Forecast 20
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 34
2.4 Emerging Opportunities and Market Trends 37
2.5 Porter’s Fiver Forces Analysis 41
3 Segmentation of North America Market by Coverage 45
3.1 Market Overview by Coverage 45
3.2 Physical Damage 47
3.3 Internal Component Failure 48
3.4 Theft & Loss Protection 49
3.5 Virus & Data Protection 50
3.6 Other Coverage 51
4 Segmentation of North America Market by Phone Type 52
4.1 Market Overview by Phone Type 52
4.2 Premium Smartphones 54
4.3 Mid & High-end Phones 55
4.4 Budget Phones 56
5 Segmentation of North America Market by Phone Category 57
5.1 Market Overview by Phone Category 57
5.2 New Phones 59
5.3 Refurbished Phones 60
6 Segmentation of North America Market by End User 61
6.1 Market Overview by End User 61
6.2 Personal 63
6.3 Enterprise 64
7 Segmentation of North America Market by Distribution Channel 65
7.1 Market Overview by Distribution Channel 65
7.2 Mobile Providers 67
7.3 Phone OEMs 68
7.4 Retail Stores 69
7.5 Online 70
7.6 Other Channels 71
8 North America Market 2022-2032 by Country 72
8.1 Overview of North America Market 72
8.2 U.S. 75
8.3 Canada 78
8.4 Mexico 80
9 Competitive Landscape 82
9.1 Overview of Key Vendors 82
9.2 New Product Launch, Partnership, Investment, and M&A 86
9.3 Company Profiles 87
AIG 87
Allianz Insurance 89
Apple Inc 92
Assurant, Inc. 95
Asurion, LLC 97
At&T Inc. 99
Aviva 103
Better Buy Insurance 105
Brightstar Corp. 106
Gadget Cover 108
Insurance2go 110
Liberty Mutual Insurance Group 111
O2 Mobile Insurance 113
Pier Insurance Managed Services 114
ProtectCELL 115
Protect your Bubble 116
Salt Insurance Services Limited 117
Sunrise Communications AG 118
Swisscom 120
Switched on Insurance 122
Three Ireland (Hutchison) Limited 124
Tinhat 125
Trov, Inc. 126
RELATED REPORTS 128
List of Tables:
Table 1. Snapshot of North America Mobile Phone Insurance Market in Balanced Perspective, 2022-2032 18
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in North America Mobile Phone Insurance Market 37
Table 6. North America Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn 45
Table 7. North America Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn 52
Table 8. North America Mobile Phone Insurance Market by Phone Category, 2022-2032, $ mn 57
Table 9. North America Mobile Phone Insurance Market by End User, 2022-2032, $ mn 61
Table 10. North America Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn 65
Table 11. North America Mobile Phone Insurance Market by Country, 2022-2032, $ mn 73
Table 12. U.S. Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn 77
Table 13. U.S. Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn 77
Table 14. U.S. Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn 77
Table 15. Canada Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn 79
Table 16. Canada Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn 79
Table 17. Canada Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn 79
Table 18. Mexico Mobile Phone Insurance Market by Coverage, 2022-2032, $ mn 81
Table 19. Mexico Mobile Phone Insurance Market by Phone Type, 2022-2032, $ mn 81
Table 20. Mexico Mobile Phone Insurance Market by Distribution Channel, 2022-2032, $ mn 81
Table 21. Breakdown of World Market by Key Vendor, 2022, % 84
Table 22. AIG: Company Snapshot 87
Table 23. AIG: Business Segmentation 88
Table 24. AIG: Product Portfolio 88
Table 25. Allianz Insurance: Company Snapshot 89
Table 26. Allianz Insurance: Business Segmentation 89
Table 27. Allianz Insurance: Product Portfolio 90
Table 28. Allianz Insurance: Revenue, 2016-2018, $ mn 90
Table 29. Allianz Insurance: Recent Developments 91
Table 30. Apple Inc.: Company Snapshot 92
Table 31. Apple Inc.: Business Segmentation 93
Table 32. Apple Inc.: Product Portfolio 93
Table 33. Apple Inc.: Revenue, 2016-2018, $ mn 94
Table 34. Apple Inc.: Recent Developments 94
Table 35. Assurant, Inc.: Company Snapshot 95
Table 36. Assurant, Inc.: Recent Developments 96
Table 37. Asurion, LLC: Company Snapshot 97
Table 38. Asurion, LLC: Recent Developments 98
Table 39. At&T Inc.: Company Snapshot 99
Table 40. At&T Inc.: Business Segmentation 99
Table 41. At&T Inc.: Product Portfolio 100
Table 42. At&T Inc.: Revenue, 2017-2019, $ bn 100
Table 43. At&T Inc.: Recent Developments 102
Table 44. Aviva: Company Snapshot 103
Table 45 Aviva: Business Segmentation 103
Table 46 Aviva: Revenue, 2016-2018, $ mn 104
Table 47. Aviva: Recent Developments 104
Table 48. Better Buy Insurance: Company Snapshot 105
Table 49. Brightstar Corp.: Company Snapshot 106
Table 50. Brightstar Corp.: Product Portfolio 106
Table 51. Brightstar Corp.: Recent Developments 107
Table 52. Gadget Cover: Company Snapshot 108
Table 53. Insurance2go: Company Snapshot 110
Table 54. Liberty Mutual Insurance Group: Company Snapshot 111
Table 55. Liberty Mutual Insurance Group: Business Segmentation 112
Table 56. Liberty Mutual Insurance Group: Recent Developments 112
Table 57. O2 Mobile Insurance: Company Snapshot 113
Table 58. Pier Insurance Managed Services: Company Snapshot 114
Table 59. ProtectCELL: Company Snapshot 115
Table 60. Protect your Bubble: Company Snapshot 116
Table 61. Salt Insurance Services Limited: Company Snapshot 117
Table 62. Sunrise Communications AG: Company Snapshot 118
Table 63. Swisscom: Company Snapshot 120
Table 64. Switched on Insurance: Company Snapshot 122
Table 65. Three Ireland (Hutchison) Limited: Company Snapshot 124
Table 66. Tinhat: Company Snapshot 125
Table 67. Trov, Inc.: Company Snapshot 126List of Figures:
Figure 1. Research Method Flow Chart 12
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 17
Figure 4. North America Mobile Phone Insurance Market, 2022-2032, $ mn 20
Figure 5. Impact of COVID-19 on Business 24
Figure 6. Primary Drivers and Impact Factors of North America Mobile Phone Insurance Market 30
Figure 7. Forecast of Middle-class Population by Region, 2015-2030, million 33
Figure 8. World Total InsurTech Investment by Year and Grand Total Split by P&C and L&H, 2012-2022, $ million 33
Figure 9. Primary Restraints and Impact Factors of North America Mobile Phone Insurance Market 34
Figure 10. Investment Opportunity Analysis 38
Figure 11. Porter’s Fiver Forces Analysis of North America Mobile Phone Insurance Market 41
Figure 12. Breakdown of North America Mobile Phone Insurance Market by Coverage, 2022-2032, % of Revenue 46
Figure 13. North America Addressable Market Cap in 2023-2032 by Coverage, Value ($ mn) and Share (%) 46
Figure 14. North America Mobile Phone Insurance Market by Coverage: Physical Damage, 2022-2032, $ mn 47
Figure 15. North America Mobile Phone Insurance Market by Coverage: Internal Component Failure, 2022-2032, $ mn 48
Figure 16. North America Mobile Phone Insurance Market by Coverage: Theft & Loss Protection, 2022-2032, $ mn 49
Figure 17. North America Mobile Phone Insurance Market by Coverage: Virus & Data Protection, 2022-2032, $ mn 50
Figure 18. North America Mobile Phone Insurance Market by Coverage: Other Coverage, 2022-2032, $ mn 51
Figure 19. Breakdown of North America Mobile Phone Insurance Market by Phone Type, 2022-2032, % of Sales Revenue 53
Figure 20. North America Addressable Market Cap in 2023-2032 by Phone Type, Value ($ mn) and Share (%) 53
Figure 21. North America Mobile Phone Insurance Market by Phone Type: Premium Smartphones, 2022-2032, $ mn 54
Figure 22. North America Mobile Phone Insurance Market by Phone Type: Mid & High-end Phones, 2022-2032, $ mn 55
Figure 23. North America Mobile Phone Insurance Market by Phone Type: Budget Phones, 2022-2032, $ mn 56
Figure 24. Breakdown of North America Mobile Phone Insurance Market by Phone Category, 2022-2032, % of Sales Revenue 58
Figure 25. North America Addressable Market Cap in 2023-2032 by Phone Category, Value ($ mn) and Share (%) 58
Figure 26. North America Mobile Phone Insurance Market by Phone Category: New Phones, 2022-2032, $ mn 59
Figure 27. North America Mobile Phone Insurance Market by Phone Category: Refurbished Phones, 2022-2032, $ mn 60
Figure 28. Breakdown of North America Mobile Phone Insurance Market by End User, 2022-2032, % of Revenue 62
Figure 29. North America Addressable Market Cap in 2023-2032 by End User, Value ($ mn) and Share (%) 62
Figure 30. North America Mobile Phone Insurance Market by End User: Personal, 2022-2032, $ mn 63
Figure 31. North America Mobile Phone Insurance Market by End User: Enterprise, 2022-2032, $ mn 64
Figure 32. Breakdown of North America Mobile Phone Insurance Market by Distribution Channel, 2022-2032, % of Revenue 66
Figure 33. North America Addressable Market Cap in 2023-2032 by Distribution Channel, Value ($ mn) and Share (%) 66
Figure 34. North America Mobile Phone Insurance Market by Distribution Channel: Mobile Providers, 2022-2032, $ mn 67
Figure 35. North America Mobile Phone Insurance Market by Distribution Channel: Phone OEMs, 2022-2032, $ mn 68
Figure 36. North America Mobile Phone Insurance Market by Distribution Channel: Retail Stores, 2022-2032, $ mn 69
Figure 37. North America Mobile Phone Insurance Market by Distribution Channel: Online, 2022-2032, $ mn 70
Figure 38. North America Mobile Phone Insurance Market by Distribution Channel: Other Channels, 2022-2032, $ mn 71
Figure 39. Breakdown of North America Mobile Phone Insurance Market by Country, 2022 and 2032, % of Revenue 73
Figure 40. Contribution to North America 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 74
Figure 41. U.S. Mobile Phone Insurance Market, 2022-2032, $ mn 76
Figure 42. Canada Mobile Phone Insurance Market, 2022-2032, $ mn 78
Figure 43. Mobile Phone Insurance Market in Mexico, 2022-2032, $ mn 80
Figure 44. Growth Stage of North America Mobile Phone Insurance Industry over the Forecast Period 82
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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