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India Extended Warranty Market (2022-2027) by Distribution Channel, Application, End-User, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 182 Pages
  • March 2022
  • Region: India
  • Infogence Global Research
  • ID: 5566978
UP TO OFF until Sep 30th 2022
India's Extended Warranty Market is estimated to be USD 6.44 Bn in 2022 and is expected to reach USD 10.46 Bn by 2027, growing at a CAGR of 10.18%.



Market Dynamics

Market dynamics are forces that impact the prices and behaviors of India's Extended Warranty Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentation

  • India's Extended Warranty Market is segmented based on Distribution Channel, Application, and End-User.
  • Distribution Channel, the market is classified into Manufacturers, Retailers, and Others.
  • Application, the market is classified into Automobiles, Consumer Electronics, Home Appliances, Mobile Devices & PCs, and Others.
  • End-User, the market is classified into Business and Individuals.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Allianz, Allstate, - American International Group Inc., Chubb Limited, and Edel Assurance, etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for 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 Ansoff matrix analysis for India's Extended Warranty Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate 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 with each approach.

The analyst analyses India's Extended Warranty Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of India's Extended Warranty Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, 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 discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Indian Extended Warranty Market

What is the estimated value of the Indian Extended Warranty Market?

The Indian Extended Warranty Market was estimated to be valued at $6.44 Billion in 2022.

What is the growth rate of the Indian Extended Warranty Market?

The growth rate of the Indian Extended Warranty Market is 10.1%, with an estimated value of $10.46 Billion by 2027.

What is the forecasted size of the Indian Extended Warranty Market?

The Indian Extended Warranty Market is estimated to be worth $10.46 Billion by 2027.

Who are the key companies in the Indian Extended Warranty Market?

Key companies in the Indian Extended Warranty Market include Allianz, Allstate, American International Group Inc., Assurant Inc., AXA Corporate Warranties India Pvt. Ltd and Edel Assurance.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increased Awareness for Extended Warranty
4.1.2 Customer-Centric Warranty Coverage
4.1.3 Increase in Penetration of Smart Devices and Automation
4.2 Restraints
4.2.1 Automotive Analytics and Early Warning System
4.3 Opportunities
4.3.1 Accelerating Manufacturing Sector
4.3.2 Evolving Warranty Intelligence Players
4.3.3 Increase in Launch of Products and Services
4.4 Challenges
4.4.1 Lack of Information of Warranty Covers
4.4.2 Limitations of Warranties
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 India's Extended Warranty Market, By Distribution Channel
6.1 Introduction
6.2 Manufacturers
6.3 Retailers
6.4 Others
7 India's Extended Warranty Market, By Application
7.1 Introduction
7.2 Automobiles
7.3 Consumer Electronics
7.4 Home Appliances
7.5 Mobile Devices & PCs
7.6 Others
8 India's Extended Warranty Market, By End-User
8.1 Introduction
8.2 Business
8.3 Individuals
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Allianz
10.2 Allstate
10.3 American International Group Inc.
10.4 Assurant Inc.
10.5 AXA Corporate Warranties India Pvt. Ltd
10.6 Chubb Limited
10.7 Edel Assurance
11 Appendix
11.1 Questionnaire

Companies Mentioned

  • Allianz
  • Allstate
  • American International Group Inc.
  • Assurant Inc.
  • AXA Corporate Warranties India Pvt. Ltd
  • Chubb Limited
  • Edel Assurance