The global demand for Personal Gadget Insurance Market is presumed to reach the market size of nearly USD 78.85 Billion by 2032 from USD 29.82 Billion in 2023 with a CAGR of 11.41% under the study period 2024-2032.
Personal gadget insurance covers portable electronic devices such as smartphones, tablets, laptops, and smartwatches against theft, accidental damage, and loss. This insurance is essential for individuals who heavily rely on their gadgets for daily activities, ensuring they can quickly replace or repair their devices in case of unexpected incidents. Policies typically offer various coverage levels, including worldwide protection, allowing users to travel without worrying about gadgets. With the increasing value and dependency on personal electronics, gadget insurance offers peace of mind and financial security, mitigating the costs and inconvenience associated with device repair or replacement.
Factors driving the personal gadget insurance market include the rising adoption of smartphones, laptops, tablets, and other electronic devices globally and the growing awareness of the risks associated with accidental damage, theft, and malfunctioning. Personal gadget insurance offers consumers financial security and peace of mind by covering the expenses for replacing or repairing damaged or lost devices and providing additional benefits such as data recovery and identity theft protection. Additionally, the increasing dependence on personal gadgets for communication, entertainment, and productivity has made them indispensable in everyday life, driving the demand for insurance coverage against unforeseen events that could disrupt digital lifestyles. Moreover, the emergence of affordable insurance plans with flexible coverage options and hassle-free claims processes encourages consumers to safeguard their valuable gadgets against potential risks. Furthermore, the growing trend of device upgrades and replacements among tech-savvy consumers is driving the need for insurance coverage that ensures seamless device replacement and continuity of services. However, the high cost of premiums and limited consumer awareness may challenge the personal gadget insurance market growth in the coming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Personal Gadget Insurance. The growth and trends of Personal Gadget Insurance industry provide a holistic approach to this study.
This section of the Personal Gadget Insurance market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Gadget Type
By Insurance Coverage
By End-user
By Sales Channel
This section covers the regional outlook, which accentuates current and future demand for the Personal Gadget Insurance market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Personal Gadget Insurance market include Progressive Casualty Insurance Company, Bolttech, Asurion, Bajaj Allianz General Insurance Company, OneAssist Consumer Solutions Pvt. Ltd, AT&T Inc., SquareTrade Inc., Worth Ave Group. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
1. PREFACE
1.1. Report Description
1.1.1 Objective
1.1.2 Target Audience
1.1.3 Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1 Market Research Process
1.3.2 Market Research Methodology
2. EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3. PERSONAL GADGET INSURANCE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Gadget Type
3.7.2 Market Attractiveness Analysis By Insurance Coverage
3.7.3 Market Attractiveness Analysis By End-user
3.7.4 Market Attractiveness Analysis By Sales Channel
3.7.5 Market Attractiveness Analysis By Region
4. VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1 List of Raw Materials
4.2.2 Raw Material Manufactures List
4.2.3 Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1 Direct Marketing
4.4.2 Indirect Marketing
4.4.3 Marketing Channel Development Trend
5. GLOBAL PERSONAL GADGET INSURANCE MARKET ANALYSIS BY GADGET TYPE
5.1. Overview By Gadget Type
5.2. Historical and Forecast Data Analysis By Gadget Type
5.3. Mobile Phones & Tablets Historic and Forecast Sales By Regions
5.4. Laptops and PCs Historic and Forecast Sales By Regions
5.5. Cameras Historic and Forecast Sales By Regions
5.6. Gaming Systems Historic and Forecast Sales By Regions
5.7. Others (Home entertainment gadgets, etc.) Historic and Forecast Sales By Regions
6. GLOBAL PERSONAL GADGET INSURANCE MARKET ANALYSIS BY INSURANCE COVERAGE
6.1. Overview By Insurance Coverage
6.2. Historical and Forecast Data Analysis By Insurance Coverage
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