Consumer Electronics Extended Warranty Market Value Is Estimated to Reach USD 112.03 billion By 2028, With 14.7% CAGR – Credence Research
The key players in the global consumer electronics extended warranty market in terms of value and volume include Amazon.com Inc., Assurant Inc., AmTrust Financial, AXA, Asurion, Go Warranty & Services LLP, OnPoint Warranty, SquareTrade Inc., Securranty, and OneAssist Consumer Solutions Pvt. Ltd.
Global Consumer Electronics Extended Warranty Market: A Study of Changing Market Dynamics, Growth, Future Prospects & Analysis, 2016 - 2028
The latest market report published by Credence Research, Inc. is "Global Consumer Electronics Extended Warranty Market: Growth, Future Prospects, and Competitive Analysis, 2016 - 2028". TheGlobal Consumer Electronics Extended Warranty Market generated revenue of around USD 49.2 billion in 2021 and is anticipated to grow a CAGR of over 14.7% during the forecast period from 2022 to 2028 to reach around USD 112.03 billion in 2028. At the same time, cumulative growth opportunity presented by the global consumer electronics extended warranty market is around USD 62.83 billion during 2022 to 2028.
The industry is growing due to increased awareness of extended warranties for brown goods, including as computers, smartphones, household appliances and tablets. Consumers are frequently concerned about the safety of their electronic products after the seller's warranty has expired, owing to the high price of many products. As a result, offering an extended warranty helps to rebuild consumer loyalty, and increased awareness of the extended warranty is driving the market growth. Moreover, rising consumer electronics, home appliances, and wearable device sales in emerging nations are expected to create lucrative opportunities during the forecast period.
The global consumer electronics extended warranty market is divided into Product Type, Distribution Channel, Coverage Type, and Geography. Based on product type the market is categorized into laptops & PCs, mobiles & tablets, home entertainment devices, heating & cooling equipment, kitchen equipment and others. On the basis of distribution channel, the global market is segmented into manufacturers, retailers, and others. Based on the coverage type, the market is bifurcated as standard protection and accidental protection plans. On the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Global Consumer Electronics Extended Warranty Market Scope
Segmentation of Global Consumer Electronics Extended Warranty Market-
Global Consumer Electronics Extended Warranty Market - By Product Types
Laptops & PCs
Mobiles & Tablets
Home Entertainment Devices
Heating & Cooling equipment
Global Consumer Electronics Extended Warranty Market - By Distribution Channel
Global Consumer Electronics Extended Warranty Market - By Coverage Types
Standard Protection Plan
Accidental Protection Plan
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global consumer electronics extended warranty market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the previous period from 2016-2020, base year- 2021, and forecast period 2022-2028.
The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.
In-depth analysis of the global market segmentation on the basis of product type, distribution channel, and coverage type.
The report includes comprehensive and authentic data for all factors such as supply and demand, CAGR, consumer purchasing trends, and several others.
The global consumer electronics extended warranty market report also includes the analysis of the market at a global, regional, and country level along with key market trends, major players analysis, market growth strategies, and key application areas.
Table of Content
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I - Secondary Research
1.3.2. Phase II - Primary Research
1.3.3. Phase III - Expert Panel Review
1.3.4. Approach Adopted
184.108.40.206. Top-Down Approach
220.127.116.11. Bottom-Up Approach
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Consumer Electronics Extended Warranty Market
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