Europe Gadget Insurance Market is projected to reach $39.37 billion by 2031.

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Europe Gadget Insurance Market By Coverage Type (Physical Damage, Internal Component Failure, Theft & Loss Protection, Virus & Data Protection, and Others), Device Type (Laptop & PCs, Mobile Phones & Tablets, Home Entertainment Devices, Cameras, and Others), Sales Channel (Retail and Online), and End User (Business and Individuals): Regional Opportunity Analysis and Industry Forecast, 2022-2031.

The Europe gadget insurance market size was valued at $13.79 billion in 2021, and is projected to reach $39.37 billion by 2031, registering a CAGR of 11.4% from 2022 to 2031.

The report focuses on growth prospects, restraints, and trends of the Europe gadget insurance market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors, such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers, on the Europe gadget insurance market outlook.

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Segment Overview

The Europe gadget insurance market is segmented on the basis of coverage type, device type, sales channel, end user, and region. By coverage type, it is segmented into physical damage, internal component failure, theft & loss protection, virus & data protection, and others. By device type, it is divided into laptop & PCs, mobile phones & tablets, home entertainment devices, cameras and others. The mobile phones & tablets segment is further divided into android, iOS, and others. By sales channel, it is segregated into retail and online. By end user, the Europe gadget insurance market is divided into business and individuals.

Competitive Analysis

The report analyzes the profiles of key players operating in the Europe gadget insurance market such as Apple Inc., Asurion, AXA, AT&T Inc., Bolttech, Chubb, OneAssist Consumer Solutions Pvt. Ltd., simplesurance GmBH, SPB UK & Ireland Ltd, and Wertgarantie. These players have adopted various strategies to increase their market penetration and strengthen their position in the Europe gadget insurance market.  

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Top Impacting Factors

Increase in Incidents of Accidental Damage, Phone Thefts, Virus Infection, and Device Malfunction in Europe.

Rise in Sale of Mobile Phones and Wearables .

Increased Awareness For Gadget Insurance Among Europeans.

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.

 Europe Gadget Insurance Market Report Highlights

AspectsDetails
By Coverage TypePhysical DamageInternal Component FailureTheft and Loss ProtectionVirus and Data ProtectionOthers
By Device TypeLaptop and PCsMobile Phones and TabletsAndroidiOSOthersHome Entertainment DevicesCamerasOthers
By Sales ChannelRetailOnline
By End UserBusinessIndividuals
By CountryUKGermanyFranceItalySpainNetherlandsRest of Europe
Key Market PlayersApple Inc.AsurionAXAAT&T Inc.BolttechChubbOneAssist Consumer Solutions Pvt. Ltd.simplesurance GmBHSPB UK & Ireland LtdWertgarantie

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