DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/f4qxr8/mobile_phone) has announced the addition of the "Mobile Phone Insurance and Extended Warranties in Europe" report to their offering.
Ongoing research shows that the global market for extended warranties and related insurance for consumer products (other than cars) is leaning away from traditional appliances and consumer electronics, such as white goods, brown goods and desktop computers, and towards a new generation of portable and mobile goods, including mobile phones, laptop computers and tablets.
In total, 1,795 retailers and 275 manufacturers have been surveyed in recent months, operating in 30 countries around the globe, revealing over 3,500 different schemes for extended warranties and product insurance. The schemes divide fairly evenly between mobile and non-mobile products, with around 60% representing coverage for brown, grey and white goods and around 40% involving mobile phone or gadget protection.
This report estimates the global market for extended warranties and insurance related to consumer electronics and appliances to have been worth in the region of USD 19.4 billion in 2012. "Out of this figure, five countries - namely, Brazil, France, Germany, the UK and the US - accounted for approximately 62.6% of global revenue or approximately USD 12.2 billion," said Edward Wilford, Consultant with Finaccord. All other countries combined were estimated by Finaccord to feature markets worth a combined total of USD 7.3 billion for 2012. "This shows the extent to which the global market has historically been tilted toward a few major national markets."
Specifically, the US is estimated to have been the world's largest market for extended warranties and related product insurance in 2012, with gross written premiums and other revenues reaching a total of USD 5.7 billion, followed by the UK at USD 2.4 billion, France at USD 1.6 billion, Brazil at USD 1.3 billion, and Germany at USD 1.1 billion.
For more information visit http://www.researchandmarkets.com/research/f4qxr8/mobile_phone.