Extended Warranty Global Market Report 2022: Featuring Assurant, CarShield, Endurance Warranty Services, SquareTrade & More

PR Newswire

DUBLIN, Nov. 18, 2022 /PRNewswire/ -- The "Extended Warranty Market By Distribution Channel, By Coverage, By Application, By End User: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.

The increased awareness of extended warranty policies among consumers, has led to the rise of extended warranty in the insurance market. Since many devices come with a heavy price tag at the time of purchase, therefore knowledge of extended warranties for those products has risen.

Extended warranty providers are providing value-added services to clients and expanding product and service offerings through partnerships. In addition, the untapped potential of emerging economies is expected to provide lucrative growth opportunities in the coming years. The use of AI and machine learning to manage questions and claims via chat, phone, and online forms also drives the demand for extended warranties

However, unit shipments of personal computers (PCs) worldwide have been declining, and as a result, the demand for extended warranty insurance has decreased, limiting the growth of extended warranty market.

Key Market Segments
By Distribution Channel

Manufacturers
Retailers
Others

By Coverage

Standard Protection Plan
Accidental Protection Plan

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
United Kingdom
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

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.

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: EXTENDED WARRANTY MARKET, BY COVERAGE

CHAPTER 5: EXTENDED WARRANTY MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 6: EXTENDED WARRANTY MARKET, BY APPLICATION

CHAPTER 7: EXTENDED WARRANTY MARKET, BY END USER

CHAPTER 8: EXTENDED WARRANTY MARKET, BY REGION

CHAPTER 9: COMPANY LANDSCAPE

CHAPTER 10: COMPANY PROFILES

For more information about this report visit https://www.researchandmarkets.com/r/sgpe24

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/extended-warranty-global-market-report-2022-featuring-assurant-carshield-endurance-warranty-services-squaretrade--more-301682600.html