Press release
At a CAGR of 11.4% of Europe Gadget Insurance Market reach $39.37 billion by 2031 reach $39.37 billion by 2031 Apple Inc., Asurion, AXA, AT&T Inc.
According to a recent report published by Allied Market Research, titled, "Europe Gadget Insurance Market By Coverage Type, Device Type, Sales Channel, and End User: Regional Opportunity Analysis and Industry Forecast, 2022-2031",
Download Free Sample PDF :
https://www.alliedmarketresearch.com/request-sample/47750
The Europe gadget insurance market was valued at $13.79 billion in 2021, and is projected to reach $39.37 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.
Europe gadget insurance is a service contract that provides component fix repair service for gadget sold by retailers, and service providers. It often provides additional coverage of phones such as unauthorized usage, malicious damage, e-wallet payments or theft. Europe gadget insurance also covers the cost and inconvenience of mechanical and electrical failures.
Factors such as increase in incidents of accidental damage, phone thefts, virus infection, and device malfunction, drives the Europe gadget insurance market growth. However, decline in sale of PCs is a major restraint that hinders the growth of market.
On the contrary, surge in demand for expanded insurance coverage policies for multiple Europe gadget insurance is expected to boost the market growth in the future. In addition, cover my gadget trend among customers has boosted the growth of market.
By device type, the mobile phones & tablets segment dominated the market share in 2021. This is attributed to the fact that mobiles and tablets are mostly prone to suffer damage accidently such as accidental falling, contact with water and hardware or software issues. Therefore, customers in Europe buy gadget insurance coverage to stay protected from such damages.
Purchase Enquiry
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CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping Europe gadget insurance market
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Increase in incidents of accidental damage, phone thefts, virus infection, and device malfunction in Europe
3.3.1.2.Rise in sale of mobile phones and wearables
3.3.1.3.Increased awareness about gadget insurance among Europeans
3.3.2.Restraint
3.3.2.1.Decline in sales of PCs in Europe
3.3.3.Opportunities
3.3.3.1.Untapped potential of emerging economies
3.3.3.2.Expansion of products and services
3.4.Impact analysis of COVID-19 on Europe gadget insurance market
3.4.1.Impact on Europe gadget insurance market size
3.4.2.Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.4.3.Framework for market challenges faced by Europe gadget insurance providers
3.4.4.Economic impact on Europe gadget insurance service providers
3.4.5.Key player strategies to tackle negative impact on the industry
3.4.6.Opportunity analysis for Europe gadget insurance service providers
3.5.Commission Expenses
3.5.1.Asurion
3.5.2.AXA
3.5.3.Apple Inc.
3.6.Claim Costs
3.6.1.Asurion
3.6.2.AXA
3.7.Apple Inc.
3.8.Operational Costs
3.8.1.Asurion
3.8.2.AXA
3.8.3.Apple Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Europe gadget insurance market forecast from 2021 to 2031 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities of Europe gadget insurance market overview.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the Europe gadget insurance market segmentation assists in determining the prevailing Europe gadget insurance market opportunity.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as Europe gadget insurance market trends, key players, market segments, application areas, and market growth strategies.
Connect Analyst
https://www.alliedmarketresearch.com/connect-to-analyst/47750
Europe Gadget Insurance Market Report Highlights
Aspects Details
By Coverage Type
Physical Damage
Internal Component Failure
Theft and Loss Protection
Virus and Data Protection
Others
By Device Type
Laptop and PCs
Mobile Phones and Tablets
Android
iOS
Others
Home Entertainment Devices
Cameras
Others
By Sales Channel
Retail
Online
By End User
Business
Individuals
By Country
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Key Market Players
Apple Inc.
Asurion
AXA
AT&T Inc.
Bolttech
Chubb
OneAssist Consumer Solutions Pvt. Ltd.
simplesurance GmBH
SPB UK & Ireland Ltd
Wertgarantie
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https://www.alliedmarketresearch.com/gadget-insurance-market-A11629
-AI in Insurance Market
https://www.alliedmarketresearch.com/ai-in-insurance-market-A11615
-Identity Theft Insurance Market
https://www.alliedmarketresearch.com/identity-theft-insurance-market-A11987
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https://www.alliedmarketresearch.com/iot-insurance-market-A09784
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https://www.alliedmarketresearch.com/aviation-insurance-market-A14877
United States
USA/Canada :
+1-800-792-5285
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Download Free Sample PDF :
https://www.alliedmarketresearch.com/request-sample/47750
The Europe gadget insurance market was valued at $13.79 billion in 2021, and is projected to reach $39.37 billion by 2031, growing at a CAGR of 11.4% from 2022 to 2031.
Europe gadget insurance is a service contract that provides component fix repair service for gadget sold by retailers, and service providers. It often provides additional coverage of phones such as unauthorized usage, malicious damage, e-wallet payments or theft. Europe gadget insurance also covers the cost and inconvenience of mechanical and electrical failures.
Factors such as increase in incidents of accidental damage, phone thefts, virus infection, and device malfunction, drives the Europe gadget insurance market growth. However, decline in sale of PCs is a major restraint that hinders the growth of market.
On the contrary, surge in demand for expanded insurance coverage policies for multiple Europe gadget insurance is expected to boost the market growth in the future. In addition, cover my gadget trend among customers has boosted the growth of market.
By device type, the mobile phones & tablets segment dominated the market share in 2021. This is attributed to the fact that mobiles and tablets are mostly prone to suffer damage accidently such as accidental falling, contact with water and hardware or software issues. Therefore, customers in Europe buy gadget insurance coverage to stay protected from such damages.
Purchase Enquiry
https://www.alliedmarketresearch.com/purchase-enquiry/47750
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key forces shaping Europe gadget insurance market
3.3.Market dynamics
3.3.1.Drivers
3.3.1.1.Increase in incidents of accidental damage, phone thefts, virus infection, and device malfunction in Europe
3.3.1.2.Rise in sale of mobile phones and wearables
3.3.1.3.Increased awareness about gadget insurance among Europeans
3.3.2.Restraint
3.3.2.1.Decline in sales of PCs in Europe
3.3.3.Opportunities
3.3.3.1.Untapped potential of emerging economies
3.3.3.2.Expansion of products and services
3.4.Impact analysis of COVID-19 on Europe gadget insurance market
3.4.1.Impact on Europe gadget insurance market size
3.4.2.Change in consumer trends, preferences, and budget impact, owing to COVID-19
3.4.3.Framework for market challenges faced by Europe gadget insurance providers
3.4.4.Economic impact on Europe gadget insurance service providers
3.4.5.Key player strategies to tackle negative impact on the industry
3.4.6.Opportunity analysis for Europe gadget insurance service providers
3.5.Commission Expenses
3.5.1.Asurion
3.5.2.AXA
3.5.3.Apple Inc.
3.6.Claim Costs
3.6.1.Asurion
3.6.2.AXA
3.7.Apple Inc.
3.8.Operational Costs
3.8.1.Asurion
3.8.2.AXA
3.8.3.Apple Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Europe gadget insurance market forecast from 2021 to 2031 to identify the prevailing market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities of Europe gadget insurance market overview.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the Europe gadget insurance market segmentation assists in determining the prevailing Europe gadget insurance market opportunity.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as Europe gadget insurance market trends, key players, market segments, application areas, and market growth strategies.
Connect Analyst
https://www.alliedmarketresearch.com/connect-to-analyst/47750
Europe Gadget Insurance Market Report Highlights
Aspects Details
By Coverage Type
Physical Damage
Internal Component Failure
Theft and Loss Protection
Virus and Data Protection
Others
By Device Type
Laptop and PCs
Mobile Phones and Tablets
Android
iOS
Others
Home Entertainment Devices
Cameras
Others
By Sales Channel
Retail
Online
By End User
Business
Individuals
By Country
UK
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Key Market Players
Apple Inc.
Asurion
AXA
AT&T Inc.
Bolttech
Chubb
OneAssist Consumer Solutions Pvt. Ltd.
simplesurance GmBH
SPB UK & Ireland Ltd
Wertgarantie
Related Trending Reports:
-Gadget Insurance Market
https://www.alliedmarketresearch.com/gadget-insurance-market-A11629
-AI in Insurance Market
https://www.alliedmarketresearch.com/ai-in-insurance-market-A11615
-Identity Theft Insurance Market
https://www.alliedmarketresearch.com/identity-theft-insurance-market-A11987
-IoT Insurance Market
https://www.alliedmarketresearch.com/iot-insurance-market-A09784
-Aviation Insurance Market
https://www.alliedmarketresearch.com/aviation-insurance-market-A14877
United States
USA/Canada :
+1-800-792-5285
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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