Extended Warranty Market By Coverage (Standard Protection Plan, Accidental Protection Plan), By Distribution Channel (Manufacturers, Retailers, Others), By Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices and PCs, Others), By End-users (Individuals, Business), By Sales Type (Point of Sale, After Sale): Global Opportunity Analysis and Industry Forecast, 2023-2032

April 2024 | 373 pages | ID: E347130B334AEN
Allied Market Research

Abstracts

The global extended warranty market, valued at $129.7 billion in 2022, is anticipated t%li%expand t%li%$286.4 billion by 2032. An extended warranty, als%li%called a service agreement, service contract, or maintenance agreement, is a policy that lengthens the warranty period of consumer durable goods beyond the manufacturer's initial coverage. It typically covers repair or replacement costs if damage results from manufacturing defects or poor quality. Extended warranties are common for automobiles and electronic or electrical appliances. These warranties are usually offered by the manufacturer, retailer, or a third-party service provider.



Growing awareness of extended warranty policies has boosted their presence in the insurance market. The need t%li%protect costly items from unexpected repairs or part replacements drives this trend. As people buy more electronic devices and appliances, the demand for extended warranty services increases, expanding the market.

However, the considerable decline in shipments of personal computers (PCs) worldwide is one of the key factors restraining the growth of the extended warranty market. On the contrary, the expansion of complex and sophisticated products and service are fostering the demand for additional warranty coverage, which is likely t%li%pave growth opportunities for the global market. In addition, the untapped potential of emerging economies is providing lucrative opportunities for market growth during the forecast period.

Additionally, as vehicles become more advanced, consumers are seeking extended warranty plans t%li%cover the high costs of unexpected repairs, driving the growth of the aut%li%extended warranty market.

The extended warranty market is segmented based on coverage, distribution channel, application, end-users, sales type, and region. By coverage, the market is bifurcated int%li%standard protection plan and accidental protection plan. By distribution channel, the market is segregated int%li%manufacturers, retailers, and others. By application, the market is divided int%li%automobiles, consumer electronics, home appliances, mobile devices and PCs, and others. By end user, the market is divided int%li%individuals and business. By sales type, the market is divided int%li%point of sale and after sale. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.

The key players profiled in the extended warranty market analysis are Axiom Connected, Consumer Priority Services (CPS), Likewize, Assurant, Inc., American International Group Inc., Asurion, CARCHEX, Endurance Warranty Services, LLC, Edel Assurance, Amtrust Financial, Carshield, Squaretrade, Inc., Servify, Safeware Inc., Cover Genius, Fortegra, Extend, Onpoint Warranty Solutions, Llc, PROTECTALL USA, LLC, Guardsman, Mulberry, Centricity, Worth Ave. Group, and AXA. These players have adopted various strategies, including partnership, collaboration, product launch, and developments t%li%increase their market penetration and strengthen their position in the industry.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the extended warranty market analysis from 2022 t%li%2032 t%li%identify the prevailing extended warranty market opportunities.
• The market research is offered along with information related t%li%key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers t%li%enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the extended warranty market segmentation assists t%li%determine the prevailing market opportunities.
• Major countries in each region are mapped according t%li%their revenue contribution t%li%the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global extended warranty market trends, key players, market segments, application areas, and market growth strategies.

Additional benefits you will get with this purchase are:

• Quarterly Update and* (only available with a corporate license, on listed price)
• 5 additional Company Profile of client Choice pre- or Post-purchase, as a free update.
• Free Upcoming Version on the Purchase of Five and Enterprise User License.
• 16 analyst hours of support* (post-purchase, if you find additional data requirements upon review of the report, you may receive support amounting t%li%16 analyst hours t%li%solve questions, and post-sale queries)
• 15% Free Customization* (in case the scope or segment of the report does not match your requirements, 15% is equivalent t%li%3 working days of free work, applicable once)
• Free data Pack on the Five and Enterprise User License. (Excel version of the report)
• Free Updated report if the report is 6-12 months old or older.
• 24-hour priority response*
• Free Industry updates and white papers.

Possible Customization with this report (with additional cost and timeline, please talk t%li%the sales executive t%li%know more)

• Upcoming/New Entrant by Regions
• Technology Trend Analysis
• New Product Development/ Product Matrix of Key Players
• Regulatory Guidelines
• Additional company profiles with specific t%li%client's interest
• Additional country or region analysis- market size and forecast
• Expanded list for Company Profiles
• Key player details (including location, contact details, supplier/vendor network etc. in excel format)
• SWOT Analysis

Key Market Segments

By Sales Type

• Point of Sale
• After Sale

By Coverage

• Standard Protection Plan
• Accidental Protection Plan

By Distribution Channel

• Manufacturers
• Retailers
• Others

By Application

• Automobiles
• Consumer Electronics
• Home Appliances
• Mobile Devices and PCs
• Others

By End-users

• Individuals
• Business

By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia-Pacific
• LAMEA
• Latin America
• Middle East
• Africa
• Key Market Players
• Assurant, Inc.
• Asurion
• CARCHEX
• Endurance Warranty Services, LLC
• AmTrust Financial
• CarShield
• American International Group Inc.
• Likewize
• Safeware Inc.
• Fortegra
• AXA
• PROTECTALL USA, LLC
• Extend
• Guardsman
• Mulberry
• Centricity
• Worth Ave. Group
• Edel Assurance
• SquareTrade, Inc.
• Servify
• Cover Genius
• Axiom Connected
• OnPoint Warranty Solutions, LLC
• Consumer Priority Services (CPS)

Contents

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
  1.4.1. Primary research
  1.4.2. Secondary research
  1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
  3.2.1. Top impacting factors
  3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
  3.3.1. Low bargaining power of suppliers
  3.3.2. Low threat of new entrants
  3.3.3. Low threat of substitutes
  3.3.4. Low intensity of rivalry
  3.3.5. Low bargaining power of buyers
3.4. Market dynamics
  3.4.1. Drivers
    3.4.1.1. Surge in awareness for extended warranty
    3.4.1.2. Rise in penetration of laptops, smartphones, and tablets
    3.4.1.3. Rising product complexities
  3.4.2. Restraints
    3.4.2.1. Decline in sales of PCs
  3.4.3. Opportunities
    3.4.3.1. Expansion of products and services
    3.4.3.2. Untapped potential of emerging economies

CHAPTER 4: EXTENDED WARRANTY MARKET, BY COVERAGE

4.1. Overview
  4.1.1. Market size and forecast
4.2. Standard Protection Plan
  4.2.1. Key market trends, growth factors and opportunities
  4.2.2. Market size and forecast, by region
  4.2.3. Market share analysis by country
4.3. Accidental Protection Plan
  4.3.1. Key market trends, growth factors and opportunities
  4.3.2. Market size and forecast, by region
  4.3.3. Market share analysis by country

CHAPTER 5: EXTENDED WARRANTY MARKET, BY DISTRIBUTION CHANNEL

5.1. Overview
  5.1.1. Market size and forecast
5.2. Manufacturers
  5.2.1. Key market trends, growth factors and opportunities
  5.2.2. Market size and forecast, by region
  5.2.3. Market share analysis by country
5.3. Retailers
  5.3.1. Key market trends, growth factors and opportunities
  5.3.2. Market size and forecast, by region
  5.3.3. Market share analysis by country
5.4. Others
  5.4.1. Key market trends, growth factors and opportunities
  5.4.2. Market size and forecast, by region
  5.4.3. Market share analysis by country

CHAPTER 6: EXTENDED WARRANTY MARKET, BY APPLICATION

6.1. Overview
  6.1.1. Market size and forecast
6.2. Automobiles
  6.2.1. Key market trends, growth factors and opportunities
  6.2.2. Market size and forecast, by region
  6.2.3. Market share analysis by country
6.3. Consumer Electronics
  6.3.1. Key market trends, growth factors and opportunities
  6.3.2. Market size and forecast, by region
  6.3.3. Market share analysis by country
6.4. Home Appliances
  6.4.1. Key market trends, growth factors and opportunities
  6.4.2. Market size and forecast, by region
  6.4.3. Market share analysis by country
6.5. Mobile Devices and PCs
  6.5.1. Key market trends, growth factors and opportunities
  6.5.2. Market size and forecast, by region
  6.5.3. Market share analysis by country
6.6. Others
  6.6.1. Key market trends, growth factors and opportunities
  6.6.2. Market size and forecast, by region
  6.6.3. Market share analysis by country

CHAPTER 7: EXTENDED WARRANTY MARKET, BY END-USERS

7.1. Overview
  7.1.1. Market size and forecast
7.2. Individuals
  7.2.1. Key market trends, growth factors and opportunities
  7.2.2. Market size and forecast, by region
  7.2.3. Market share analysis by country
7.3. Business
  7.3.1. Key market trends, growth factors and opportunities
  7.3.2. Market size and forecast, by region
  7.3.3. Market share analysis by country

CHAPTER 8: EXTENDED WARRANTY MARKET, BY SALES TYPE

8.1. Overview
  8.1.1. Market size and forecast
8.2. Point of Sale
  8.2.1. Key market trends, growth factors and opportunities
  8.2.2. Market size and forecast, by region
  8.2.3. Market share analysis by country
8.3. After Sale
  8.3.1. Key market trends, growth factors and opportunities
  8.3.2. Market size and forecast, by region
  8.3.3. Market share analysis by country

CHAPTER 9: EXTENDED WARRANTY MARKET, BY REGION

9.1. Overview
  9.1.1. Market size and forecast By Region
9.2. North America
  9.2.1. Key market trends, growth factors and opportunities
  9.2.2. Market size and forecast, by Coverage
  9.2.3. Market size and forecast, by Distribution Channel
  9.2.4. Market size and forecast, by Application
  9.2.5. Market size and forecast, by End-users
  9.2.6. Market size and forecast, by Sales Type
  9.2.7. Market size and forecast, by country
    9.2.7.1. U.S.
      9.2.7.1.1. Market size and forecast, by Coverage
      9.2.7.1.2. Market size and forecast, by Distribution Channel
      9.2.7.1.3. Market size and forecast, by Application
      9.2.7.1.4. Market size and forecast, by End-users
      9.2.7.1.5. Market size and forecast, by Sales Type
    9.2.7.2. Canada
      9.2.7.2.1. Market size and forecast, by Coverage
      9.2.7.2.2. Market size and forecast, by Distribution Channel
      9.2.7.2.3. Market size and forecast, by Application
      9.2.7.2.4. Market size and forecast, by End-users
      9.2.7.2.5. Market size and forecast, by Sales Type
9.3. Europe
  9.3.1. Key market trends, growth factors and opportunities
  9.3.2. Market size and forecast, by Coverage
  9.3.3. Market size and forecast, by Distribution Channel
  9.3.4. Market size and forecast, by Application
  9.3.5. Market size and forecast, by End-users
  9.3.6. Market size and forecast, by Sales Type
  9.3.7. Market size and forecast, by country
    9.3.7.1. Germany
      9.3.7.1.1. Market size and forecast, by Coverage
      9.3.7.1.2. Market size and forecast, by Distribution Channel
      9.3.7.1.3. Market size and forecast, by Application
      9.3.7.1.4. Market size and forecast, by End-users
      9.3.7.1.5. Market size and forecast, by Sales Type
    9.3.7.2. UK
      9.3.7.2.1. Market size and forecast, by Coverage
      9.3.7.2.2. Market size and forecast, by Distribution Channel
      9.3.7.2.3. Market size and forecast, by Application
      9.3.7.2.4. Market size and forecast, by End-users
      9.3.7.2.5. Market size and forecast, by Sales Type
    9.3.7.3. France
      9.3.7.3.1. Market size and forecast, by Coverage
      9.3.7.3.2. Market size and forecast, by Distribution Channel
      9.3.7.3.3. Market size and forecast, by Application
      9.3.7.3.4. Market size and forecast, by End-users
      9.3.7.3.5. Market size and forecast, by Sales Type
    9.3.7.4. Italy
      9.3.7.4.1. Market size and forecast, by Coverage
      9.3.7.4.2. Market size and forecast, by Distribution Channel
      9.3.7.4.3. Market size and forecast, by Application
      9.3.7.4.4. Market size and forecast, by End-users
      9.3.7.4.5. Market size and forecast, by Sales Type
    9.3.7.5. Spain
      9.3.7.5.1. Market size and forecast, by Coverage
      9.3.7.5.2. Market size and forecast, by Distribution Channel
      9.3.7.5.3. Market size and forecast, by Application
      9.3.7.5.4. Market size and forecast, by End-users
      9.3.7.5.5. Market size and forecast, by Sales Type
    9.3.7.6. Netherlands
      9.3.7.6.1. Market size and forecast, by Coverage
      9.3.7.6.2. Market size and forecast, by Distribution Channel
      9.3.7.6.3. Market size and forecast, by Application
      9.3.7.6.4. Market size and forecast, by End-users
      9.3.7.6.5. Market size and forecast, by Sales Type
    9.3.7.7. Rest of Europe
      9.3.7.7.1. Market size and forecast, by Coverage
      9.3.7.7.2. Market size and forecast, by Distribution Channel
      9.3.7.7.3. Market size and forecast, by Application
      9.3.7.7.4. Market size and forecast, by End-users
      9.3.7.7.5. Market size and forecast, by Sales Type
9.4. Asia-Pacific
  9.4.1. Key market trends, growth factors and opportunities
  9.4.2. Market size and forecast, by Coverage
  9.4.3. Market size and forecast, by Distribution Channel
  9.4.4. Market size and forecast, by Application
  9.4.5. Market size and forecast, by End-users
  9.4.6. Market size and forecast, by Sales Type
  9.4.7. Market size and forecast, by country
    9.4.7.1. China
      9.4.7.1.1. Market size and forecast, by Coverage
      9.4.7.1.2. Market size and forecast, by Distribution Channel
      9.4.7.1.3. Market size and forecast, by Application
      9.4.7.1.4. Market size and forecast, by End-users
      9.4.7.1.5. Market size and forecast, by Sales Type
    9.4.7.2. Japan
      9.4.7.2.1. Market size and forecast, by Coverage
      9.4.7.2.2. Market size and forecast, by Distribution Channel
      9.4.7.2.3. Market size and forecast, by Application
      9.4.7.2.4. Market size and forecast, by End-users
      9.4.7.2.5. Market size and forecast, by Sales Type
    9.4.7.3. India
      9.4.7.3.1. Market size and forecast, by Coverage
      9.4.7.3.2. Market size and forecast, by Distribution Channel
      9.4.7.3.3. Market size and forecast, by Application
      9.4.7.3.4. Market size and forecast, by End-users
      9.4.7.3.5. Market size and forecast, by Sales Type
    9.4.7.4. South Korea
      9.4.7.4.1. Market size and forecast, by Coverage
      9.4.7.4.2. Market size and forecast, by Distribution Channel
      9.4.7.4.3. Market size and forecast, by Application
      9.4.7.4.4. Market size and forecast, by End-users
      9.4.7.4.5. Market size and forecast, by Sales Type
    9.4.7.5. Australia
      9.4.7.5.1. Market size and forecast, by Coverage
      9.4.7.5.2. Market size and forecast, by Distribution Channel
      9.4.7.5.3. Market size and forecast, by Application
      9.4.7.5.4. Market size and forecast, by End-users
      9.4.7.5.5. Market size and forecast, by Sales Type
    9.4.7.6. Rest of Asia-Pacific
      9.4.7.6.1. Market size and forecast, by Coverage
      9.4.7.6.2. Market size and forecast, by Distribution Channel
      9.4.7.6.3. Market size and forecast, by Application
      9.4.7.6.4. Market size and forecast, by End-users
      9.4.7.6.5. Market size and forecast, by Sales Type
9.5. LAMEA
  9.5.1. Key market trends, growth factors and opportunities
  9.5.2. Market size and forecast, by Coverage
  9.5.3. Market size and forecast, by Distribution Channel
  9.5.4. Market size and forecast, by Application
  9.5.5. Market size and forecast, by End-users
  9.5.6. Market size and forecast, by Sales Type
  9.5.7. Market size and forecast, by country
    9.5.7.1. Latin America
      9.5.7.1.1. Market size and forecast, by Coverage
      9.5.7.1.2. Market size and forecast, by Distribution Channel
      9.5.7.1.3. Market size and forecast, by Application
      9.5.7.1.4. Market size and forecast, by End-users
      9.5.7.1.5. Market size and forecast, by Sales Type
    9.5.7.2. Middle East
      9.5.7.2.1. Market size and forecast, by Coverage
      9.5.7.2.2. Market size and forecast, by Distribution Channel
      9.5.7.2.3. Market size and forecast, by Application
      9.5.7.2.4. Market size and forecast, by End-users
      9.5.7.2.5. Market size and forecast, by Sales Type
    9.5.7.3. Africa
      9.5.7.3.1. Market size and forecast, by Coverage
      9.5.7.3.2. Market size and forecast, by Distribution Channel
      9.5.7.3.3. Market size and forecast, by Application
      9.5.7.3.4. Market size and forecast, by End-users
      9.5.7.3.5. Market size and forecast, by Sales Type

CHAPTER 10: COMPETITIVE LANDSCAPE

10.1. Introduction
10.2. Top winning strategies
10.3. Product mapping of top 10 player
10.4. Competitive dashboard
10.5. Competitive heatmap
10.6. Top player positioning, 2022

CHAPTER 11: COMPANY PROFILES

11.1. Axiom Connected
  11.1.1. Company overview
  11.1.2. Key executives
  11.1.3. Company snapshot
  11.1.4. Operating business segments
  11.1.5. Product portfolio
  11.1.6. Key strategic moves and developments
11.2. Consumer Priority Services (CPS)
  11.2.1. Company overview
  11.2.2. Key executives
  11.2.3. Company snapshot
  11.2.4. Operating business segments
  11.2.5. Product portfolio
11.3. Likewize
  11.3.1. Company overview
  11.3.2. Key executives
  11.3.3. Company snapshot
  11.3.4. Operating business segments
  11.3.5. Product portfolio
11.4. Assurant, Inc.
  11.4.1. Company overview
  11.4.2. Key executives
  11.4.3. Company snapshot
  11.4.4. Operating business segments
  11.4.5. Product portfolio
  11.4.6. Business performance
  11.4.7. Key strategic moves and developments
11.5. American International Group Inc.
  11.5.1. Company overview
  11.5.2. Key executives
  11.5.3. Company snapshot
  11.5.4. Operating business segments
  11.5.5. Product portfolio
  11.5.6. Business performance
11.6. Asurion
  11.6.1. Company overview
  11.6.2. Key executives
  11.6.3. Company snapshot
  11.6.4. Operating business segments
  11.6.5. Product portfolio
11.7. CARCHEX
  11.7.1. Company overview
  11.7.2. Key executives
  11.7.3. Company snapshot
  11.7.4. Operating business segments
  11.7.5. Product portfolio
11.8. Endurance Warranty Services, LLC
  11.8.1. Company overview
  11.8.2. Key executives
  11.8.3. Company snapshot
  11.8.4. Operating business segments
  11.8.5. Product portfolio
11.9. Edel Assurance
  11.9.1. Company overview
  11.9.2. Key executives
  11.9.3. Company snapshot
  11.9.4. Operating business segments
  11.9.5. Product portfolio
11.10. AmTrust Financial
  11.10.1. Company overview
  11.10.2. Key executives
  11.10.3. Company snapshot
  11.10.4. Operating business segments
  11.10.5. Product portfolio
  11.10.6. Key strategic moves and developments
11.11. CarShield
  11.11.1. Company overview
  11.11.2. Key executives
  11.11.3. Company snapshot
  11.11.4. Operating business segments
  11.11.5. Product portfolio
  11.11.6. Key strategic moves and developments
11.12. SquareTrade, Inc.
  11.12.1. Company overview
  11.12.2. Key executives
  11.12.3. Company snapshot
  11.12.4. Operating business segments
  11.12.5. Product portfolio
  11.12.6. Business performance
11.13. Servify
  11.13.1. Company overview
  11.13.2. Key executives
  11.13.3. Company snapshot
  11.13.4. Operating business segments
  11.13.5. Product portfolio
  11.13.6. Key strategic moves and developments
11.14. Safeware Inc.
  11.14.1. Company overview
  11.14.2. Key executives
  11.14.3. Company snapshot
  11.14.4. Operating business segments
  11.14.5. Product portfolio
11.15. Cover Genius
  11.15.1. Company overview
  11.15.2. Key executives
  11.15.3. Company snapshot
  11.15.4. Operating business segments
  11.15.5. Product portfolio
  11.15.6. Key strategic moves and developments
11.16. Fortegra
  11.16.1. Company overview
  11.16.2. Key executives
  11.16.3. Company snapshot
  11.16.4. Operating business segments
  11.16.5. Product portfolio
  11.16.6. Key strategic moves and developments
11.17. Extend
  11.17.1. Company overview
  11.17.2. Key executives
  11.17.3. Company snapshot
  11.17.4. Operating business segments
  11.17.5. Product portfolio
11.18. OnPoint Warranty Solutions, LLC
  11.18.1. Company overview
  11.18.2. Key executives
  11.18.3. Company snapshot
  11.18.4. Operating business segments
  11.18.5. Product portfolio
  11.18.6. Key strategic moves and developments
11.19. PROTECTALL USA, LLC
  11.19.1. Company overview
  11.19.2. Key executives
  11.19.3. Company snapshot
  11.19.4. Operating business segments
  11.19.5. Product portfolio
11.20. Guardsman
  11.20.1. Company overview
  11.20.2. Key executives
  11.20.3. Company snapshot
  11.20.4. Operating business segments
  11.20.5. Product portfolio
  11.20.6. Key strategic moves and developments
11.21. Mulberry
  11.21.1. Company overview
  11.21.2. Key executives
  11.21.3. Company snapshot
  11.21.4. Operating business segments
  11.21.5. Product portfolio
11.22. Centricity
  11.22.1. Company overview
  11.22.2. Key executives
  11.22.3. Company snapshot
  11.22.4. Operating business segments
  11.22.5. Product portfolio
11.23. Worth Ave. Group
  11.23.1. Company overview
  11.23.2. Key executives
  11.23.3. Company snapshot
  11.23.4. Operating business segments
  11.23.5. Product portfolio
11.24. AXA
  11.24.1. Company overview
  11.24.2. Key executives
  11.24.3. Company snapshot
  11.24.4. Operating business segments
  11.24.5. Product portfolio
  11.24.6. Business performance