Extended Warranty Market

Extended Warranty Market, By Coverage (Standard Protection Plan and Accidental Protection Plan), By Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices & PCs, and Others), By Distribution Channel (Manufacturers, Retailers, and Others), By End User (Business and Individuals), By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030


Extended warranties are service agreements that increase the manufacturer's usual warranty duration for a product. They can apply to a wide range of goods, such as cars, appliances, and electronics. Typically, merchants, manufacturers, and insurance firms sell extended warranties. Customers who opt for extended warranties may experience a heightened sense of security, knowing that they are protected in the event of any malfunctions or issues with their purchased goods. Numerous causes, such as the rising complexity and expense of repairs, the popularity of e-commerce, and customer knowledge of the advantages of extended warranties, contribute to the market expansion. Thus, long-term cost savings can be achieved by purchasing extended warranties. For instance, if you purchase a new appliance with a customary one-year guarantee and the device malfunctions after two years, the expense of repairs or replacement will be your responsibility. However, the warranty provider would pay for the price of the necessary repairs or replacements if you had purchased an extended warranty.

Market Dynamics:

Products are more likely to break down as they get more complicated (As products become more complex in terms of their design, features, and technology, there is an increased likelihood of breakdowns and malfunctions.). This may result in costly repairs, which may place a financial strain on customers. By covering the cost of both labor and parts, extended warranties can assist in shielding customers from the financial burden of repairs. E-commerce is becoming more and more popular, making it easier for customers to buy extended warranties. The reason for this is that many retailers now provide the option for customers to add maintenance agreements when making online purchases. The global extended warranty market is being more tightly regulated by governments worldwide. This will shield customers from scams, and extended warranties will be fair and transparent.

Key features of the study:
  • This report provides an in-depth analysis of the global extended warranty market, and provides market size (US$ Million) and Compound Annual Growth Rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global extended warranty market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • The key companies covered as a part of this study include ASSURANT INC., American International Group, Inc., AXA, AmTrust Financial, Asurion, CARCHEX, CarShield LLC, Endurance Warranty Services LLC, Edel Assurance, SquareTrade, Inc., and others
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global extended warranty Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global extended warranty market
Detailed Segmentation:
  • Global Extended Warranty Market, By Coverage:
  • Standard Protection Plan
  • Accidental Protection Plan
  • Global Extended Warranty Market, By Application:
  • Automobiles
  • Consumer Electronics
  • Home Appliances
  • Mobile Devices and PCs
  • Others
  • Global Extended Warranty Market, By Distribution Channel:
  • Manufacturers
  • Retailers
  • Others
  • Global Extended Warranty Market, By End User:
  • Business
  • Individuals
  • Global Extended Warranty Market, By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
  • Company Profiles:
  • ASSURANT INC.
  • American International Group, Inc.
  • AXA
  • AmTrust Financial
  • Asurion,
  • CARCHEX
  • CarShield LLC
  • Endurance Warranty Services LLC
  • Edel Assurance,
  • SquareTrade, Inc.
  • Others


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Coverage
Market Snapshot, By Application
Market Snapshot, By Distribution Channel
Market Snapshot, By End User
Market Snapshot, By Geography
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trend Analysis
Market Dynamics
Drivers
Increased awareness for extended warranty
Rise in the penetration of laptops, smartphones, and tablets
Restraints
Decline in the sales of PCs
Regulatory challenges
Opportunities
Expansion of products and services
Untapped potential of emerging economies
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Merger and Acquisition Scenario
4. Global Extended Warranty Market- Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Extended Warranty Market, By Coverage, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
Standard Protection Plan
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
Accidental Protection Plan
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
6. Extended Warranty Market, By Application, 2018-2030, (US$ Mn)
Automobiles
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
Consumer Electronics
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
Home Appliances
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
Mobile Devices & PCs
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 - 2030
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Mn)
Y-o-Y Growth Analysis, 2018 – 2030
Segment Trends
7. Extended Warranty Market, By Distribution Channel, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018-2030
Segment Trends
Manufacturers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Segment Trends
Retailers
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Segment Trends
Others
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Segment Trends
8. Extended Warranty Market, By End User, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, 2023 and 2030 (%)
Y-o-Y Growth Analysis, 2018-2030
Segment Trends
Business
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Segment Trends
Individuals
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2018-2030, (US$ Million)
Segment Trends
9. Global Extended Warranty Market, By Region, 2018-2030, (US$ Mn)
Introduction
Market Share Analysis, By Country, 2023 and 2030 (%)
Y-o-Y Growth Analysis, For Country 2018-2030
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Coverage, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Geography, 2018-2030,(US$ Mn)
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Coverage, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Geography, 2018-2030,(US$ Mn)
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Coverage, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Geography, 2018-2030,(US$ Mn)
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Coverage, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Geography, 2018-2030,(US$ Mn)
Middle East & Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Coverage, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030, (US$ Mn)
Market Size and Forecast, and Y-o-Y Growth, By Geography, 2018-2030, (US$ Mn)
10. Competitive Landscape
ASSURANT INC
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
American International Group, Inc.
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
AXA corporation
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
AmTrust Financial
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Asurion
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
CARCHEX
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
CarShield LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Endurance Warranty Services LLC
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Edel Assurance
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
SquareTrade, Inc.,
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Others
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies Analyst Views
11. Section
Research Methodology
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