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