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GCC Mobile Phone Insurance Market by Phone Type (New Phone and Refurbished) by Coverage (Physical Damage, Electronic Damage, Virus Protection, Data Protection and Theft Protection) by Distribution Channel (Mobile Operators, Device OEMs, Retailers, Online and Others) by End User (Corporate and Personal): Industry Analysis, Trends, Growth and Forecast 2022-2027



GCC Mobile Phone Insurance Market Overview:

The GCC mobile phone insurance market was worth US$ XX Billion in 2021, expanding at a CAGR of X% during 2016-2021. Looking forward, the market is projected to grow at a CAGR of around X% during 2022-2027, reaching a value of US$ XX Billion by 2027. Mobile phone insurance refers to specialized insurance policies that cover financial losses that are beyond the control of the insured party. It is a risk-transfer system that ensures full or partial financial compensation for smartphones. It offers coverage against theft, water damage, high repair cost, accidental damage, cracked screens, and other broken parts. It also helps users to evade the expensive replacement costs of mobile devices or their different components. At present, due to the rising sales of smartphones and the increasing incidences of robbery, mobile phone insurance is gaining traction across the GCC region.

The market is primarily driven by the increasing utilization of smartphones across the GCC region. In addition, the growing focus of individuals on safeguarding their mobile devices against unforeseen conditions represents another major growth-inducing factor. Besides this, the emergence of multichannel interaction and direct-to-consumer insurance assistance is also accelerating the product adoption rate. Moreover, the leading insurance providers are introducing online insurance platforms and a paper-free process to claim the policy. They are also providing mobile data and virus protection plans and collaborating with mobile phone manufacturers to offer different coverage policies to users, which is positively influencing the market growth. Along with this, the introduction of recovery features, data protection, and extensive technical support is also creating a positive market outlook across the globe. Furthermore, due to the spread of the coronavirus disease (COVID-19) and the rising adoption of digital solutions, online insurance portals are gaining traction as they save time and provide 24x7 services. This, coupled with the increasing popularity of affordable policies with varying monthly premium amounts and coverage based on individual requirements, is also escalating the demand for mobile insurance policies across the GCC region. On account of these factors, the market is expected to witness positive growth in the coming years.

Beginning with a regional overview, the report explores the dynamics that have a strong influence on the GCC mobile phone insurance market and can also impact its future growth. Taking 2021 as the base year, the report covers historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth inducing factors, market restraints and recent developments have also been analysed in the report in order to provide a deeper knowledge about the industry. On a regional basis, the report examines the GCC mobile phone insurance market in Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. For each of these regions, the report studies the GCC mobile phone insurance market in detail for latest trends, outlook and opportunities.

The report analyses the competitive structure of the GCC mobile phone insurance market industry and provides the profiles of major players operating in the market. The price margins for the products along with the various success and risk factors for manufacturers have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the GCC mobile phone insurance market industry along the parameters of the Porter’s Five Forces model. This model examines the degree of competition in the GCC mobile phone insurance market industry by analysing the threat posed by new entrants and substitutes, and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report which highlights the strengths, weaknesses, opportunities and threats pertaining to the GCC mobile phone insurance market industry. Furthermore, the value chain analysis of the GCC mobile phone insurance market industry has also been covered in the report. This comprises of all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

GCC Mobile Phone Insurance Market Segment Insights:

The GCC mobile phone insurance market has been analysed as followed:

By Phone Type:

  • New Phone
  • Refurbished

By Coverage:

  • Physical Damage
  • Electronic Damage
  • Virus Protection
  • Data Protection
  • Theft Protection

By Distribution Channel:

  • Mobile Operators
  • Device OEMs
  • Retailers 
  • Online
  • Others

By End User:

  • Corporate
  • Personal

By Country:

  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

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

Highlights of the GCC Mobile Phone Insurance Market Report:

  • Historical and current scenario
  • Trends and developments
  • Impact of COVID-19
  • Market forecast
  • Price analysis and forecast
  • Porter’s five forces analysis
  • SWOT analysis
  • Value chain analysis

Report Customisation:

The GCC mobile phone insurance market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs

1    Preface
2    Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    GCC Mobile Phone Insurance Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup Phone Type
    6.1    New Phone
        6.1.1    Market Trends
        6.1.2    Market Forecast
    6.2    Refurbished
        6.2.1    Market Trends
        6.2.2    Market Forecast
7    Market Breakup by Coverage
    7.1    Physical Damage
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Electronic Damage
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Virus Protection
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Data Protection
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Theft Protection
        7.5.1    Market Trends
        7.5.2    Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Mobile Operators
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Device OEMs
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Retailers
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Online
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Others
        8.5.1    Market Trends
        8.5.2    Market Forecast
9    Market Breakup by End User
    9.1    Corporate
        9.1.1    Market Trends
        9.1.2    Market Forecast
    9.2    Personal
        9.2.1    Market Trends
        9.2.2    Market Forecast 
10    Market Breakup by Country
    10.1    Saudi Arabia
        10.1.1 Market Trends
        10.1.2 Market Breakup by Phone Type
        10.1.3 Market Breakup by Coverage 
        10.1.4 Market Breakup by Distribution Channel
        10.1.5 Market Breakup by End User
        10.1.6 Market Forecast
    10.2    UAE
        10.2.1 Market Trends
        10.2.2 Market Breakup by Phone Type
        10.2.3 Market Breakup by Coverage
        10.2.4 Market Breakup by Distribution Channel
        10.2.5 Market Breakup by End User
        10.2.6 Market Forecast
    10.3    Qatar
        10.3.1 Market Trends
        10.3.2 Market Breakup by Phone Type
        10.3.3 Market Breakup by Coverage
        10.3.4 Market Breakup by Distribution Channel
        10.3.5 Market Breakup by End User
        10.3.6 Market Forecast
    10.4    Oman
        10.4.1 Market Trends
        10.4.2 Market Breakup by Phone Type
        10.4.3 Market Breakup by Coverage
        10.4.4 Market Breakup by Distribution Channel
        10.4.5 Market Breakup by End User
        10.4.6 Market Forecast
    10.5    Kuwait
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Bahrain
        10.6.1 Market Trends
        10.6.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Policy and Regulatory Landscape
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players

List of Figures

Figure 1: GCC: Mobile Phone Insurance Market: Major Drivers and Challenges
Figure 2: GCC: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016-2021
Figure 3: GCC: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: GCC: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2021
Figure 5: GCC: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2021
Figure 6: GCC: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2021
Figure 7: GCC: Mobile Phone Insurance Market: Breakup by End User (in %), 2021
Figure 8: GCC: Mobile Phone Insurance Market: Breakup by Country (in %), 2021
Figure 9: GCC: Mobile Phone Insurance (New Phone) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: GCC: Mobile Phone Insurance (New Phone) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: GCC: Mobile Phone Insurance (Refurbished) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: GCC: Mobile Phone Insurance (Refurbished) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: GCC: Mobile Phone Insurance (Physical Damage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: GCC: Mobile Phone Insurance (Physical Damage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: GCC: Mobile Phone Insurance (Electronic Damage) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: GCC: Mobile Phone Insurance (Electronic Damage) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: GCC: Mobile Phone Insurance (Virus Protection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: GCC: Mobile Phone Insurance (Virus Protection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: GCC: Mobile Phone Insurance (Data Protection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: GCC: Mobile Phone Insurance (Data Protection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: GCC: Mobile Phone Insurance (Theft Protection) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: GCC: Mobile Phone Insurance (Theft Protection) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: GCC: Mobile Phone Insurance (Mobile Operators) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: GCC: Mobile Phone Insurance (Mobile Operators) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: GCC: Mobile Phone Insurance (Device OEMs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: GCC: Mobile Phone Insurance (Device OEMs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: GCC: Mobile Phone Insurance (Retailers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: GCC: Mobile Phone Insurance (Retailers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: GCC: Mobile Phone Insurance (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: GCC: Mobile Phone Insurance (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: GCC: Mobile Phone Insurance (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: GCC: Mobile Phone Insurance (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: GCC: Mobile Phone Insurance (Corporate) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: GCC: Mobile Phone Insurance (Corporate) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: GCC: Mobile Phone Insurance (Personal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: GCC: Mobile Phone Insurance (Personal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Saudi Arabia: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Saudi Arabia: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2021
Figure 39: Saudi Arabia: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2021
Figure 40: Saudi Arabia: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2021
Figure 41: Saudi Arabia: Mobile Phone Insurance Market: Breakup by End User (in %), 2021
Figure 42: Saudi Arabia: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: UAE: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: UAE: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2021
Figure 45: UAE: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2021
Figure 46: UAE: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2021
Figure 47: UAE: Mobile Phone Insurance Market: Breakup by End User (in %), 2021
Figure 48: UAE: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Qatar: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Qatar: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2021
Figure 51: Qatar: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2021
Figure 52: Qatar: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2021
Figure 53: Qatar: Mobile Phone Insurance Market: Breakup by End User (in %), 2021
Figure 54: Qatar: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Oman: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Oman: Mobile Phone Insurance Market: Breakup by Phone Type (in %), 2021
Figure 57: Oman: Mobile Phone Insurance Market: Breakup by Coverage (in %), 2021
Figure 58: Oman: Mobile Phone Insurance Market: Breakup by Distribution Channel (in %), 2021
Figure 59: Oman: Mobile Phone Insurance Market: Breakup by End User (in %), 2021
Figure 60: Oman: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Kuwait: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Kuwait: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Others: Mobile Phone Insurance Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Others: Mobile Phone Insurance Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: GCC: Mobile Phone Insurance Industry: SWOT Analysis
Figure 66: GCC: Mobile Phone Insurance Industry: Value Chain Analysis
Figure 67: GCC: Mobile Phone Insurance Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: GCC: Mobile Phone Insurance Market: Key Industry Highlights, 2021 and 2027
Table 2: GCC: Mobile Phone Insurance Market Forecast: Breakup by Phone Type (in Million US$), 2022-2027
Table 3: GCC: Mobile Phone Insurance Market Forecast: Breakup by Coverage (in Million US$), 2022-2027
Table 4: GCC: Mobile Phone Insurance Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: GCC: Mobile Phone Insurance Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: GCC: Mobile Phone Insurance Market Forecast: Breakup by Country (in Million US$), 2022-2027
Table 7: GCC: Mobile Phone Insurance Market: Competitive Structure
Table 8: GCC: Mobile Phone Insurance Market: Key Players

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