Market leaders include AIG, Aviva, Brightstar and Insurance2go

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UK mobile phone insurance market

UK mobile phone insurance market

UK mobile phone insurance market

Dublin, May 27, 2022 (GLOBE NEWSWIRE) — The “UK Mobile Phone Insurance Market (2022-2027) by Phone Type, Distribution Channel, Coverage, End User, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis” Report has been added to ResearchAndMarkets.com offering.

The UK mobile phone insurance market is estimated to be US$2.14 billion in 2022 and is expected to reach US$3.63 billion by 2027, with CAGR of 11.12%.

market dynamics

Market dynamics are forces that affect prices and stakeholder behaviors in the UK mobile phone insurance market. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can be related to macroeconomic and microeconomic factors. There are dynamic market forces in addition to price, demand, and supply. Human emotions can also drive decisions, influence the market and create price signals.

As market dynamics impact supply and demand curves, decision makers seek to determine how best to use various financial tools to stop various strategies to accelerate growth and reduce risk.

Market segmentation

  • The UK mobile phone insurance market is segmented by phone type, distribution channel, cover and end user.

  • Type of phone, the market is classified into budget phones, mid-range and high-end phones, and premium smartphones.

  • Distribution Channel, the market is classified into Offline and Online.

  • Coverage, the market is categorized into Physical Damage, Internal Component Failure, Theft and Loss Protection, and Others

  • End User, the market is categorized into Companies and Individuals.

company profiles

The report provides a detailed analysis of the competitors in the market. It covers the analysis of the financial performance of listed companies in the market. The report also offers detailed information on the recent development and competitive landscape of the companies.

Companies mentioned

  • Post Office

  • sure2go

  • AIG

  • Allianz Insurance

  • Apple

  • insurer

  • Assurion

  • AT&T

  • enliven

  • better buy insurance

  • blackberry limited

  • bright Star

competitive quadrant

The report includes the Competitive Quadrant, a proprietary tool for analyzing and evaluating the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors considered for the analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the UK mobile phone insurance market. The Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to devise strategies for company growth. The matrix can be used to assess approaches in four strategies, viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is ​​also used for risk analysis to understand the risk involved in each approach.

The analyst analyzes the UK mobile phone insurance market using the Ansoff matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis done on the industry and industry players, the analyst has come up with suitable strategies for the growth of the market.

Why buy this report?

  • The report offers a comprehensive assessment of the UK mobile phone insurance market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections on the size of the market. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. Primary research is done through interviews, surveys, and observation of renowned industry personnel.

  • The report includes an in-depth market analysis using Porter’s 5 Forces model and the Ansoff Matrix. Furthermore, the impact of Covid-19 on the market is also featured in the report.

  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report analyzes the main regulatory bodies and the main rules and regulations imposed on this sector in various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

market dynamics

drivers

  • Higher risk of non-payment

  • Increased digitization of financial services

  • Increase in Commercial Operations

  • Growth under strict terms and conditions

restrictions

Opportunities

challenges

For more information on this report, visit https://www.researchandmarkets.com/r/9csm1x

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