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Extended Warranty Market By Covergae, By Distribution Channel, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 282 Pages
  • November 2023
  • Region: Global
  • Allied Market Research
  • ID: 5141651
UP TO OFF until Oct 24th 2024
Extended warranty, also known as a service agreement, service contract, or a maintenance agreement, refers to policy that extends the warranty period of consumer durable goods beyond what is provided by manufacturers to consumers on purchase of new items. If the damage is caused by manufacturing faults or low quality, it often covers the expenses of repair or replacement of the product. Extended warranty is generally provided for automobile and electronic & electrical appliances, and is usually offered by the manufacturer, retailer, or third-party service provider.

Increased awareness of extended warranty policies among consumers has led to the development of extended warranty in the insurance market. In addition, surge in adoption of smartphones, computers, home appliances, and other products has increased the use of extended warranty coverage for the repair or replacement of parts of the expensive items, which in turn, propels the market growth.

However, the considerable decline in shipments of personal computers (PCs) worldwide, is one of the key factors restraining the growth of the extended warranty market. On the contrary, the expansion of complex and sophisticated product and service are fostering the demand for additional warranty coverage, which is likely to pave growth opportunities for the global market. In addition, the untapped potential of emerging economies is providing lucrative opportunities for the market growth during the forecast period.

The extended warranty market is segmented based on coverage, application, distribution channel, end user, and region. By coverage, the market is bifurcated into standard protection plan and accidental protection plan. By application, the market is divided into automobiles, consumer electronics, home appliances, mobile devices & PCs, and others. By distribution channel, the market is segregated into manufacturers, retailers, and others. By end user, the market is divided into business and individuals. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The key players profiled in the extended warranty market analysis are Assurant, Inc., American International Group, Inc., AXA, AmTrust Financial, Asurion, CARCHEX, CarShield, LLC, Endurance Warranty Services, LLC, Edel Assurance, and SquareTrade, Inc. These players have adopted various strategies, including partnership, collaboration, product launch, and developments to increase their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders

  • The study provides in-depth analysis of the extended warranty market along with the current & future trends to illustrate the imminent investment pockets.
  • Information about key drivers, restrains, & opportunities and their impact analysis on the extended warranty market size are provided in the report.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
  • The quantitative analysis of the extended warranty market from 2023 to 2032 is provided to determine the market potential.



Key Market Segments

By Coverage

Standard Protection Plan

Accidental Protection Plan

By Distribution Channel

Manufacturers

Retailers

Others




By Application

Automobiles

Consumer Electronics

Home Appliances

Mobile Devices & PCs

Others

By End User

Individuals

Business




By Region

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Netherlands

Rest of Europe

Asia-Pacific

China

Japan

India

Australia

South Korea

Rest of Asia-Pacific

LAMEA

Latin America

Middle East

Africa

Key market players

ASSURANT, INC.

American International Group, Inc.

AXA

AmTrust Financial

Asurion

CARCHEX

CarShield, LLC

Endurance Warranty Services, LLC

Edel Assurance

SquareTrade, Inc.

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  • Technology Trend Analysis
  • Additional country or region analysis- market size and forecast
  • Criss-cross segment analysis- market size and forecast
  • Historic market data

Key Market Segments

By Covergae

  • Standard Protection Plan
  • Accidental Protection Plan

By Distribution Channel

  • Manufacturers
  • Retailers
  • Others

By Application

  • Automobiles
  • Consumer Electronics
  • Home Appliances
  • Mobile Devices and PCs
  • Others

By End User

  • Individuals
  • Business

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa
Key Market Players
  • Assurant, Inc.
  • American International Group, Inc.
  • Asurion
  • CARCHEX
  • Endurance Warranty Services, LLC
  • Edel Assurance
  • AXA
  • AmTrust Financial
  • CarShield
  • SquareTrade, Inc.

 

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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Low bargaining power of suppliers
3.3.2. Low threat of new entrants
3.3.3. Low threat of substitutes
3.3.4. Low intensity of rivalry
3.3.5. Low bargaining power of buyers
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Surge in awareness for extended warranty
3.4.1.2. Rise in penetration of laptops, smartphones, and tablets
3.4.2. Restraints
3.4.2.1. Decline in sales of PCs
3.4.3. Opportunities
3.4.3.1. Expansion of products and services
3.4.3.2. Untapped potential of emerging economies
CHAPTER 4: EXTENDED WARRANTY MARKET, BY COVERGAE
4.1. Overview
4.1.1. Market size and forecast
4.2. Standard Protection Plan
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Accidental Protection Plan
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
CHAPTER 5: EXTENDED WARRANTY MARKET, BY DISTRIBUTION CHANNEL
5.1. Overview
5.1.1. Market size and forecast
5.2. Manufacturers
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Retailers
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Others
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
CHAPTER 6: EXTENDED WARRANTY MARKET, BY APPLICATION
6.1. Overview
6.1.1. Market size and forecast
6.2. Automobiles
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Consumer Electronics
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Home Appliances
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
6.5. Mobile Devices and PCs
6.5.1. Key market trends, growth factors and opportunities
6.5.2. Market size and forecast, by region
6.5.3. Market share analysis by country
6.6. Others
6.6.1. Key market trends, growth factors and opportunities
6.6.2. Market size and forecast, by region
6.6.3. Market share analysis by country
CHAPTER 7: EXTENDED WARRANTY MARKET, BY END USER
7.1. Overview
7.1.1. Market size and forecast
7.2. Individuals
7.2.1. Key market trends, growth factors and opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market share analysis by country
7.3. Business
7.3.1. Key market trends, growth factors and opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market share analysis by country
CHAPTER 8: EXTENDED WARRANTY MARKET, BY REGION
8.1. Overview
8.1.1. Market size and forecast By Region
8.2. North America
8.2.1. Key market trends, growth factors and opportunities
8.2.2. Market size and forecast, by Covergae
8.2.3. Market size and forecast, by Distribution Channel
8.2.4. Market size and forecast, by Application
8.2.5. Market size and forecast, by End User
8.2.6. Market size and forecast, by country
8.2.6.1. U.S.
8.2.6.1.1. Market size and forecast, by Covergae
8.2.6.1.2. Market size and forecast, by Distribution Channel
8.2.6.1.3. Market size and forecast, by Application
8.2.6.1.4. Market size and forecast, by End User
8.2.6.2. Canada
8.2.6.2.1. Market size and forecast, by Covergae
8.2.6.2.2. Market size and forecast, by Distribution Channel
8.2.6.2.3. Market size and forecast, by Application
8.2.6.2.4. Market size and forecast, by End User
8.3. Europe
8.3.1. Key market trends, growth factors and opportunities
8.3.2. Market size and forecast, by Covergae
8.3.3. Market size and forecast, by Distribution Channel
8.3.4. Market size and forecast, by Application
8.3.5. Market size and forecast, by End User
8.3.6. Market size and forecast, by country
8.3.6.1. Germany
8.3.6.1.1. Market size and forecast, by Covergae
8.3.6.1.2. Market size and forecast, by Distribution Channel
8.3.6.1.3. Market size and forecast, by Application
8.3.6.1.4. Market size and forecast, by End User
8.3.6.2. UK
8.3.6.2.1. Market size and forecast, by Covergae
8.3.6.2.2. Market size and forecast, by Distribution Channel
8.3.6.2.3. Market size and forecast, by Application
8.3.6.2.4. Market size and forecast, by End User
8.3.6.3. France
8.3.6.3.1. Market size and forecast, by Covergae
8.3.6.3.2. Market size and forecast, by Distribution Channel
8.3.6.3.3. Market size and forecast, by Application
8.3.6.3.4. Market size and forecast, by End User
8.3.6.4. Italy
8.3.6.4.1. Market size and forecast, by Covergae
8.3.6.4.2. Market size and forecast, by Distribution Channel
8.3.6.4.3. Market size and forecast, by Application
8.3.6.4.4. Market size and forecast, by End User
8.3.6.5. Spain
8.3.6.5.1. Market size and forecast, by Covergae
8.3.6.5.2. Market size and forecast, by Distribution Channel
8.3.6.5.3. Market size and forecast, by Application
8.3.6.5.4. Market size and forecast, by End User
8.3.6.6. Netherlands
8.3.6.6.1. Market size and forecast, by Covergae
8.3.6.6.2. Market size and forecast, by Distribution Channel
8.3.6.6.3. Market size and forecast, by Application
8.3.6.6.4. Market size and forecast, by End User
8.3.6.7. Rest of Europe
8.3.6.7.1. Market size and forecast, by Covergae
8.3.6.7.2. Market size and forecast, by Distribution Channel
8.3.6.7.3. Market size and forecast, by Application
8.3.6.7.4. Market size and forecast, by End User
8.4. Asia-Pacific
8.4.1. Key market trends, growth factors and opportunities
8.4.2. Market size and forecast, by Covergae
8.4.3. Market size and forecast, by Distribution Channel
8.4.4. Market size and forecast, by Application
8.4.5. Market size and forecast, by End User
8.4.6. Market size and forecast, by country
8.4.6.1. China
8.4.6.1.1. Market size and forecast, by Covergae
8.4.6.1.2. Market size and forecast, by Distribution Channel
8.4.6.1.3. Market size and forecast, by Application
8.4.6.1.4. Market size and forecast, by End User
8.4.6.2. Japan
8.4.6.2.1. Market size and forecast, by Covergae
8.4.6.2.2. Market size and forecast, by Distribution Channel
8.4.6.2.3. Market size and forecast, by Application
8.4.6.2.4. Market size and forecast, by End User
8.4.6.3. India
8.4.6.3.1. Market size and forecast, by Covergae
8.4.6.3.2. Market size and forecast, by Distribution Channel
8.4.6.3.3. Market size and forecast, by Application
8.4.6.3.4. Market size and forecast, by End User
8.4.6.4. Australia
8.4.6.4.1. Market size and forecast, by Covergae
8.4.6.4.2. Market size and forecast, by Distribution Channel
8.4.6.4.3. Market size and forecast, by Application
8.4.6.4.4. Market size and forecast, by End User
8.4.6.5. South Korea
8.4.6.5.1. Market size and forecast, by Covergae
8.4.6.5.2. Market size and forecast, by Distribution Channel
8.4.6.5.3. Market size and forecast, by Application
8.4.6.5.4. Market size and forecast, by End User
8.4.6.6. Rest of Asia-Pacific
8.4.6.6.1. Market size and forecast, by Covergae
8.4.6.6.2. Market size and forecast, by Distribution Channel
8.4.6.6.3. Market size and forecast, by Application
8.4.6.6.4. Market size and forecast, by End User
8.5. LAMEA
8.5.1. Key market trends, growth factors and opportunities
8.5.2. Market size and forecast, by Covergae
8.5.3. Market size and forecast, by Distribution Channel
8.5.4. Market size and forecast, by Application
8.5.5. Market size and forecast, by End User
8.5.6. Market size and forecast, by country
8.5.6.1. Latin America
8.5.6.1.1. Market size and forecast, by Covergae
8.5.6.1.2. Market size and forecast, by Distribution Channel
8.5.6.1.3. Market size and forecast, by Application
8.5.6.1.4. Market size and forecast, by End User
8.5.6.2. Middle East
8.5.6.2.1. Market size and forecast, by Covergae
8.5.6.2.2. Market size and forecast, by Distribution Channel
8.5.6.2.3. Market size and forecast, by Application
8.5.6.2.4. Market size and forecast, by End User
8.5.6.3. Africa
8.5.6.3.1. Market size and forecast, by Covergae
8.5.6.3.2. Market size and forecast, by Distribution Channel
8.5.6.3.3. Market size and forecast, by Application
8.5.6.3.4. Market size and forecast, by End User
CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product mapping of top 10 player
9.4. Competitive dashboard
9.5. Competitive heatmap
9.6. Top player positioning, 2022
CHAPTER 10: COMPANY PROFILES
10.1. AXA
10.1.1. Company overview
10.1.2. Key executives
10.1.3. Company snapshot
10.1.4. Operating business segments
10.1.5. Product portfolio
10.1.6. Business performance
10.2. American International Group, Inc.
10.2.1. Company overview
10.2.2. Key executives
10.2.3. Company snapshot
10.2.4. Operating business segments
10.2.5. Product portfolio
10.2.6. Business performance
10.3. Assurant, Inc.
10.3.1. Company overview
10.3.2. Key executives
10.3.3. Company snapshot
10.3.4. Operating business segments
10.3.5. Product portfolio
10.3.6. Business performance
10.3.7. Key strategic moves and developments
10.4. AmTrust Financial
10.4.1. Company overview
10.4.2. Key executives
10.4.3. Company snapshot
10.4.4. Operating business segments
10.4.5. Product portfolio
10.5. Asurion
10.5.1. Company overview
10.5.2. Key executives
10.5.3. Company snapshot
10.5.4. Operating business segments
10.5.5. Product portfolio
10.6. CARCHEX
10.6.1. Company overview
10.6.2. Key executives
10.6.3. Company snapshot
10.6.4. Operating business segments
10.6.5. Product portfolio
10.7. CarShield
10.7.1. Company overview
10.7.2. Key executives
10.7.3. Company snapshot
10.7.4. Operating business segments
10.7.5. Product portfolio
10.8. Endurance Warranty Services, LLC
10.8.1. Company overview
10.8.2. Key executives
10.8.3. Company snapshot
10.8.4. Operating business segments
10.8.5. Product portfolio
10.9. Edel Assurance
10.9.1. Company overview
10.9.2. Key executives
10.9.3. Company snapshot
10.9.4. Operating business segments
10.9.5. Product portfolio
10.10. SquareTrade, Inc.
10.10.1. Company overview
10.10.2. Key executives
10.10.3. Company snapshot
10.10.4. Operating business segments
10.10.5. Product portfolio
10.10.6. Business performance
List of Tables
Table 01. Global Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 02. Extended Warranty Market for Standard Protection Plan, by Region, 2022-2032 ($Billion)
Table 03. Extended Warranty Market for Accidental Protection Plan, by Region, 2022-2032 ($Billion)
Table 04. Global Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 05. Extended Warranty Market for Manufacturers, by Region, 2022-2032 ($Billion)
Table 06. Extended Warranty Market for Retailers, by Region, 2022-2032 ($Billion)
Table 07. Extended Warranty Market for Others, by Region, 2022-2032 ($Billion)
Table 08. Global Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 09. Extended Warranty Market for Automobiles, by Region, 2022-2032 ($Billion)
Table 10. Extended Warranty Market for Consumer Electronics, by Region, 2022-2032 ($Billion)
Table 11. Extended Warranty Market for Home Appliances, by Region, 2022-2032 ($Billion)
Table 12. Extended Warranty Market for Mobile Devices and Pcs, by Region, 2022-2032 ($Billion)
Table 13. Extended Warranty Market for Others, by Region, 2022-2032 ($Billion)
Table 14. Global Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 15. Extended Warranty Market for Individuals, by Region, 2022-2032 ($Billion)
Table 16. Extended Warranty Market for Business, by Region, 2022-2032 ($Billion)
Table 17. Extended Warranty Market, by Region, 2022-2032 ($Billion)
Table 18. North America Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 19. North America Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 20. North America Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 21. North America Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 22. North America Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 23. U.S. Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 24. U.S. Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 25. U.S. Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 26. U.S. Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 27. Canada Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 28. Canada Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 29. Canada Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 30. Canada Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 31. Europe Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 32. Europe Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 33. Europe Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 34. Europe Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 35. Europe Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 36. Germany Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 37. Germany Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 38. Germany Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 39. Germany Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 40. UK Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 41. UK Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 42. UK Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 43. UK Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 44. France Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 45. France Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 46. France Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 47. France Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 48. Italy Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 49. Italy Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 50. Italy Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 51. Italy Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 52. Spain Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 53. Spain Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 54. Spain Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 55. Spain Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 56. Netherlands Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 57. Netherlands Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 58. Netherlands Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 59. Netherlands Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 60. Rest of Europe Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 61. Rest of Europe Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 62. Rest of Europe Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 63. Rest of Europe Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 64. Asia-Pacific Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 65. Asia-Pacific Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 66. Asia-Pacific Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 67. Asia-Pacific Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 68. Asia-Pacific Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 69. China Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 70. China Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 71. China Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 72. China Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 73. Japan Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 74. Japan Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 75. Japan Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 76. Japan Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 77. India Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 78. India Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 79. India Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 80. India Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 81. Australia Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 82. Australia Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 83. Australia Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 84. Australia Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 85. South Korea Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 86. South Korea Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 87. South Korea Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 88. South Korea Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 89. Rest of Asia-Pacific Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 90. Rest of Asia-Pacific Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 91. Rest of Asia-Pacific Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 92. Rest of Asia-Pacific Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 93. LAMEA Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 94. LAMEA Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 95. LAMEA Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 96. LAMEA Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 97. LAMEA Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 98. Latin America Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 99. Latin America Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 100. Latin America Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 101. Latin America Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 102. Middle East Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 103. Middle East Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 104. Middle East Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 105. Middle East Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 106. Africa Extended Warranty Market, by Covergae, 2022-2032 ($Billion)
Table 107. Africa Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 108. Africa Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 109. Africa Extended Warranty Market, by End-user, 2022-2032 ($Billion)
Table 110. Axa: Key Executives
Table 111. Axa: Company Snapshot
Table 112. Axa: Service Segments
Table 113. Axa: Product Portfolio
Table 114. American International Group, Inc.: Key Executives
Table 115. American International Group, Inc.: Company Snapshot
Table 116. American International Group, Inc.: Service Segments
Table 117. American International Group, Inc.: Product Portfolio
Table 118. Assurant, Inc.: Key Executives
Table 119. Assurant, Inc.: Company Snapshot
Table 120. Assurant, Inc.: Product Segments
Table 121. Assurant, Inc.: Product Portfolio
Table 122. Assurant, Inc.: Key Strategies
Table 123. Amtrust Financial: Key Executives
Table 124. Amtrust Financial: Company Snapshot
Table 125. Amtrust Financial: Service Segments
Table 126. Amtrust Financial: Product Portfolio
Table 127. Asurion: Key Executives
Table 128. Asurion: Company Snapshot
Table 129. Asurion: Service Segments
Table 130. Asurion: Product Portfolio
Table 131. Carchex: Key Executives
Table 132. Carchex: Company Snapshot
Table 133. Carchex: Service Segments
Table 134. Carchex: Product Portfolio
Table 135. Carshield: Key Executives
Table 136. Carshield: Company Snapshot
Table 137. Carshield: Service Segments
Table 138. Carshield: Product Portfolio
Table 139. Endurance Warranty Services, LLC: Key Executives
Table 140. Endurance Warranty Services, LLC: Company Snapshot
Table 141. Endurance Warranty Services, LLC: Service Segments
Table 142. Endurance Warranty Services, LLC: Product Portfolio
Table 143. Edel Assurance: Key Executives
Table 144. Edel Assurance: Company Snapshot
Table 145. Edel Assurance: Service Segments
Table 146. Edel Assurance: Product Portfolio
Table 147. Squaretrade, Inc.: Key Executives
Table 148. Squaretrade, Inc.: Company Snapshot
Table 149. Squaretrade, Inc.: Service Segments
Table 150. Squaretrade, Inc.: Product Portfolio
List of Figures
Figure 01. Extended Warranty Market, 2022-2032
Figure 02. Segmentation of Extended Warranty Market,2022-2032
Figure 03. Top Impacting Factors in Extended Warranty Market (2022 to 2032)
Figure 04. Top Investment Pockets in Extended Warranty Market (2023-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Extended Warranty Market:Drivers, Restraints and Opportunities
Figure 11. Extended Warranty Market, by Covergae, 2022 and 2032(%)
Figure 12. Comparative Share Analysis of Extended Warranty Market for Standard Protection Plan, by Country 2022 and 2032(%)
Figure 13. Comparative Share Analysis of Extended Warranty Market for Accidental Protection Plan, by Country 2022 and 2032(%)
Figure 14. Extended Warranty Market, by Distribution Channel, 2022 and 2032(%)
Figure 15. Comparative Share Analysis of Extended Warranty Market for Manufacturers, by Country 2022 and 2032(%)
Figure 16. Comparative Share Analysis of Extended Warranty Market for Retailers, by Country 2022 and 2032(%)
Figure 17. Comparative Share Analysis of Extended Warranty Market for Others, by Country 2022 and 2032(%)
Figure 18. Extended Warranty Market, by Application, 2022 and 2032(%)
Figure 19. Comparative Share Analysis of Extended Warranty Market for Automobiles, by Country 2022 and 2032(%)
Figure 20. Comparative Share Analysis of Extended Warranty Market for Consumer Electronics, by Country 2022 and 2032(%)
Figure 21. Comparative Share Analysis of Extended Warranty Market for Home Appliances, by Country 2022 and 2032(%)
Figure 22. Comparative Share Analysis of Extended Warranty Market for Mobile Devices and Pcs, by Country 2022 and 2032(%)
Figure 23. Comparative Share Analysis of Extended Warranty Market for Others, by Country 2022 and 2032(%)
Figure 24. Extended Warranty Market, by End-user, 2022 and 2032(%)
Figure 25. Comparative Share Analysis of Extended Warranty Market for Individuals, by Country 2022 and 2032(%)
Figure 26. Comparative Share Analysis of Extended Warranty Market for Business, by Country 2022 and 2032(%)
Figure 27. Extended Warranty Market by Region, 2022 and 2032(%)
Figure 28. U.S. Extended Warranty Market, 2022-2032 ($Billion)
Figure 29. Canada Extended Warranty Market, 2022-2032 ($Billion)
Figure 30. Germany Extended Warranty Market, 2022-2032 ($Billion)
Figure 31. UK Extended Warranty Market, 2022-2032 ($Billion)
Figure 32. France Extended Warranty Market, 2022-2032 ($Billion)
Figure 33. Italy Extended Warranty Market, 2022-2032 ($Billion)
Figure 34. Spain Extended Warranty Market, 2022-2032 ($Billion)
Figure 35. Netherlands Extended Warranty Market, 2022-2032 ($Billion)
Figure 36. Rest of Europe Extended Warranty Market, 2022-2032 ($Billion)
Figure 37. China Extended Warranty Market, 2022-2032 ($Billion)
Figure 38. Japan Extended Warranty Market, 2022-2032 ($Billion)
Figure 39. India Extended Warranty Market, 2022-2032 ($Billion)
Figure 40. Australia Extended Warranty Market, 2022-2032 ($Billion)
Figure 41. South Korea Extended Warranty Market, 2022-2032 ($Billion)
Figure 42. Rest of Asia-Pacific Extended Warranty Market, 2022-2032 ($Billion)
Figure 43. Latin America Extended Warranty Market, 2022-2032 ($Billion)
Figure 44. Middle East Extended Warranty Market, 2022-2032 ($Billion)
Figure 45. Africa Extended Warranty Market, 2022-2032 ($Billion)
Figure 46. Product Mapping of Top 10 Players
Figure 47. Competitive Dashboard
Figure 48. Competitive Heatmap: Extended Warranty Market
Figure 49. Top Player Positioning, 2022
Figure 50. Axa: Net Revenue, 2020-2022 ($Billion)
Figure 51. Axa: Revenue Share by Segment, 2022 (%)
Figure 52. Axa: Revenue Share by Region, 2022 (%)
Figure 53. American International Group, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 54. American International Group, Inc.: Revenue Share by Region, 2021 (%)
Figure 55. Assurant, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 56. Assurant, Inc.: Revenue Share by Region, 2022 (%)
Figure 57. Squaretrade, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 58. Squaretrade, Inc.: Revenue Share by Segment, 2022 (%)

Executive Summary

According to the report, titled, “Extended Warranty Market," the extended warranty market size was valued at $122.89 billion in 2021, and is estimated to reach $274.94 billion by 2031, growing at a CAGR of 8.6% from 2022 to 2031.

In addition, the use of AI and machine learning to manage questions and claims via chat, phone, and online forms drive the up demand for extended warranties among businesses and people. This contributes to the market's expansion. The market is predicted to develop due to manufacturers' increasing efforts to prioritize customer service while giving an extended warranty through various different programs. To increase consumer loyalty, manufacturers are making extended warranty schemes more transparent in terms of duration and coverage. As a result, the demand for extended warranties has increased. Furthermore, industry growth is expected to be fueled by the personalization of extended warranties with details relevant to consumers' products. Moreover, the leading companies are digitizing extended warranty processes for consumers to file claims for their products with just a click, which eliminates the use of receipts while generating faster and more efficient responses. The rise in demand for technical assistance with an extended warranty is leading companies to provide product installation and remote diagnosis in consumer electronics. These factors, as a result propelling the extended warranty market growth.

On the basis of coverage, the standard protection plan segment is the highest growing segment. This is attributed to the fact that standard protection plan provides coverage for an additional two to three years of coverage against product failure. Furthermore, these extended warranty plans are mainly suitable for consumers looking for an uncomplicated usage experience and longer life for their devices.

By region, North America attained the highest growth in 2021. This is attributed to limit financial risk for car breakdowns, consumers take protection via extended warranties, which boosts the market growth in the region. Further, in Canada, typically new vehicles carry minimum five years of warranty from dealers, which further promotes customers to purchase extended warranty from same vehicle dealers in the country.

The substantial drop in sales of automobiles and consumer electronics during COVID-19, has moderately affected the extended warranty market trends. However, in several regions, customers avail offers of warranty extension for products purchased from authorized offline and online platforms. As a result, the extended warranty market has experienced significant expansion.

Key Findings of the Study

  • By distribution channel, the manufacturers segment led the extended warranty market in terms of revenue in 2021.
  • By end user, the individuals segment accounted for the highest extended warranty market share in 2021.
  • By region, North America generated the highest revenue in 2021.
  • The key players profiled in the extended warranty market analysis are ASSURANT, INC., American International Group, Inc., AXA, AmTrust Financial, Asurion. CARCHEX, CarShield, LLC, Endurance Warranty Services, LLC, Edel Assurance, and SquareTrade, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the extended warranty industry.

Companies Mentioned

  • Assurant, Inc.
  • American International Group, Inc.
  • Asurion
  • CARCHEX
  • Endurance Warranty Services, LLC
  • Edel Assurance
  • AXA
  • AmTrust Financial
  • CarShield
  • SquareTrade, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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