Extended Warranty Market size, development trends, key manufacturers and competitive analysis 2027

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The Extended Warranty Market report upholds the future market predictions related to Extended Warranty market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Extended Warranty market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Extended Warranty market, the report also offers a full study of the future trends and developments of the market.

Global Extended Warranty Market is valued approximately at USD 121 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2020-2027. Extended warranty, also recognized as a service contract/service agreement, which provides a prolonged warranty in comparison to the standard warranty for a variety of products & services. The extended warranty is typically offered by the warranty administrator, manufacturer, or a retailer. This type of warranty is provided for a wide range of products such as automobiles, mobile devices, and electrical & electronic appliances. Extended warranties also provide additional device protection on certain electrical & mechanical components, which are not enclosed by the producer's warranty and characteristically eliminate routine maintenance such as wear & tear of the goods, normal maintenance, re-gassing, and impairment by accidental damage and computer viruses

The report thoroughly covers the Extended Warranty market by type, applications and regions. The report provides an balanced and detailed analysis of the on-going Extended Warranty trends, opportunities/high growth areas, Extended Warranty market drivers which would help the investors to device and align their market strategies according to the current and future market dynamics.

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An increase in penetration of smartphones and other electronic devices, growing awareness among people for the extended warranty, and enforcement of new policies to support the expansion of extended warranty are the few factors responsible for the CAGR of the market during the forecast period. According to PubMatic, in 2019, there were almost 3.04 billion mobile internet users estimated around the world and is projected to grow nearly 3.71 billion through 2022. Similarly, as per the survey, it is also anticipated that China has the highest number of mobile internet users. In 2016, roughly 765.37 million internet users were recorded in China and is reached almost 829.0 million in the year 2019 (as of March). This, in turn, is likely to strengthen the demand for extended warranty all over the world. However, the high cost of extended warranty than the standard warranty is one of the prime factors impeding the market growth over the forecast period of 2020-2027.

Extended Warranty Market forecasting derived from in-depth understanding attained from future market spending patterns provides enumerated insight to support your decision-making process. Our market forecasting is based on a market model derived from market connectivity, dynamics, and identified persuasive factors around which conventions about the market are made. These conventions are enlightened by fact-bases, put by primary and secondary research instruments, regressive analysis and an extensive connect with industry people.

Major Companies covered in  Extended Warranty market report are: Assurant, Inc., American International Group, Inc. , AXA SA, AmTrust Financial, Asurion, CARCHEX, CarShield, LLC, Endurance Warranty Services, LLC, Edel Assurance , SquareTrade, Inc.

The report supplies substantial data regarding the Extended Warranty market share that each one among these companies currently garner across this business, in tandem with the Extended Warranty market share that they're expected to acquire by the top of the forecast period. Also, the report elaborates on details concerning the products manufactured by each of those firms, that might help new entrants and prominent stakeholders work on their competition and strategy portfolios. to not mention, their decision-making process is susceptible to get easier due to the Extended Warranty market report also enumerates a gist of the merchandise price trends and therefore the profit margins of every firm within the industry.

Table of Contents

1 Extended Warranty Market overview

  • Market Introduction
  • Research Objectives
  • Years Considered
  • Market Research Methodology
  • Economic Indicators
  • Currency Considered

2 Executive Summary

  • World Market Overview
  • Global Extended Warranty Consumption analysis and forecast
  • Extended Warranty Consumption CAGR by Region

3 Market Drivers, Challenges and Trends

  • Extended Warranty Market Drivers and Impact
  • Growing Demand from Key Regions
  • Growing Demand from Key Applications and Potential Industries
  • Market Challenges and Impact
  • Extended Warranty Market Trends

4 Marketing, Distributors and Customer

  • Sales Channel
  • Direct Channels
  • Indirect Channels

5 Key Players Analysis

  • Company Details
  • Extended Warranty Product Offered
  • Main Business Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement

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