Extended Warranty Market, By Coverage, By Application, By Distribution Channel, By End User, By Geography - Size, Share, Outlook, and Opportunity Analysis, 2023

Description

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

Product Code: CMI6019

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
About us

Extended Warranty Market, By Coverage, By Application, By Distribution Channel, By End User, By Geography - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030