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Extended Warranty Market in US 2024-2028

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    Report

  • 119 Pages
  • October 2024
  • Region: United States
  • TechNavio
  • ID: 5681578
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The extended warranty market in us is forecasted to grow by USD 5.84 billion during 2023-2028, accelerating at a CAGR of 2.2% during the forecast period. The report on the extended warranty market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by high demand for household appliances, high demand for extended warranty from automobile industry, and uncertain catastrophic events leading to increased need for extended warranty.

The extended warranty market in us is segmented as below:

By Device

  • Automobile
  • Consumer electronics
  • Home appliances
  • Mobile devices and PCs
  • Others

By End-user

  • Businesses
  • Individuals

By Geographical Landscape

  • North America
This study identifies the expansion of service by vendors as one of the prime reasons driving the extended warranty market in us growth during the next few years. Also, integration of it and analytic solutions in extended warranty and emergence of digital marketing platforms will lead to sizable demand in the market.

The report on the extended warranty market in us covers the following areas:

  • Extended Warranty Market in US sizing
  • Extended Warranty Market in US forecast
  • Extended Warranty Market in US industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading extended warranty market in us vendors that include Allianz SE, American International Group Inc., AmTrust Financial Services Inc., Assurant Inc., Asurion LLC, AXA Group, Carchex LLC, Chubb Ltd., Endurance Warranty Services LLC, and The Allstate Corp. Also, the extended warranty market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
  • Executive Summary - Chart on Market Overview
  • Executive Summary - Data Table on Market Overview
  • Executive Summary - Chart on Country Market Characteristics
  • Executive Summary - Chart on Market Segmentation by Device
  • Executive Summary - Chart on Market Segmentation by End-user
  • Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
  • Parent Market
  • Data Table on - Parent Market
2.2 Market characteristics
  • Market characteristics analysis
2.3 Value chain analysis
  • Value Chain Analysis
3 Market Sizing
3.1 Market definition
  • Offerings of companies included in the market definition
3.2 Market segment analysis
  • Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
  • Chart on US - Market size and forecast 2023-2028 ($ million)
  • Data Table on US - Market size and forecast 2023-2028 ($ million)
  • Chart on US: Year-over-year growth 2023-2028 (%)
  • Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Extended Warranty Market in US 2018 - 2022
  • Historic Market Size - Data Table on Extended Warranty Market in US 2018 - 2022 ($ million)
4.2 Device segment analysis 2018 - 2022
  • Historic Market Size - Device Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
  • Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
  • Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
  • Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
  • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
  • Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
  • Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
  • Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
  • Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Device
6.1 Market segments
  • Chart on Device - Market share 2023-2028 (%)
  • Data Table on Device - Market share 2023-2028 (%)
6.2 Comparison by Device
  • Chart on Comparison by Device
  • Data Table on Comparison by Device
6.3 Automobile - Market size and forecast 2023-2028
  • Chart on Automobile - Market size and forecast 2023-2028 ($ million)
  • Data Table on Automobile - Market size and forecast 2023-2028 ($ million)
  • Chart on Automobile - Year-over-year growth 2023-2028 (%)
  • Data Table on Automobile - Year-over-year growth 2023-2028 (%)
6.4 Consumer electronics - Market size and forecast 2023-2028
  • Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
  • Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
  • Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
  • Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
6.5 Home appliances - Market size and forecast 2023-2028
  • Chart on Home appliances - Market size and forecast 2023-2028 ($ million)
  • Data Table on Home appliances - Market size and forecast 2023-2028 ($ million)
  • Chart on Home appliances - Year-over-year growth 2023-2028 (%)
  • Data Table on Home appliances - Year-over-year growth 2023-2028 (%)
6.6 Mobile devices and PCs - Market size and forecast 2023-2028
  • Chart on Mobile devices and PCs - Market size and forecast 2023-2028 ($ million)
  • Data Table on Mobile devices and PCs - Market size and forecast 2023-2028 ($ million)
  • Chart on Mobile devices and PCs - Year-over-year growth 2023-2028 (%)
  • Data Table on Mobile devices and PCs - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
  • Chart on Others - Market size and forecast 2023-2028 ($ million)
  • Data Table on Others - Market size and forecast 2023-2028 ($ million)
  • Chart on Others - Year-over-year growth 2023-2028 (%)
  • Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Device
  • Market opportunity by Device ($ million)
  • Data Table on Market opportunity by Device ($ million)
7 Market Segmentation by End-user
7.1 Market segments
  • Chart on End-user - Market share 2023-2028 (%)
  • Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
  • Chart on Comparison by End-user
  • Data Table on Comparison by End-user
7.3 Businesses - Market size and forecast 2023-2028
  • Chart on Businesses - Market size and forecast 2023-2028 ($ million)
  • Data Table on Businesses - Market size and forecast 2023-2028 ($ million)
  • Chart on Businesses - Year-over-year growth 2023-2028 (%)
  • Data Table on Businesses - Year-over-year growth 2023-2028 (%)
7.4 Individuals - Market size and forecast 2023-2028
  • Chart on Individuals - Market size and forecast 2023-2028 ($ million)
  • Data Table on Individuals - Market size and forecast 2023-2028 ($ million)
  • Chart on Individuals - Year-over-year growth 2023-2028 (%)
  • Data Table on Individuals - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by End-user
  • Market opportunity by End-user ($ million)
  • Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
  • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
  • Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
  • Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
  • Overview on factors of disruption
10.4 Industry risks
  • Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
  • Companies covered
11.2 Market positioning of companies
  • Matrix on companies position and classification
11.3 Allianz SE
  • Allianz SE - Overview
  • Allianz SE - Business segments
  • Allianz SE - Key news
  • Allianz SE - Key offerings
  • Allianz SE - Segment focus
11.4 American International Group Inc.
  • American International Group Inc. - Overview
  • American International Group Inc. - Business segments
  • American International Group Inc. - Key news
  • American International Group Inc. - Key offerings
  • American International Group Inc. - Segment focus
11.5 AmTrust Financial Services Inc.
  • AmTrust Financial Services Inc. - Overview
  • AmTrust Financial Services Inc. - Product / Service
  • AmTrust Financial Services Inc. - Key offerings
11.6 Assurant Inc.
  • Assurant Inc. - Overview
  • Assurant Inc. - Business segments
  • Assurant Inc. - Key offerings
  • Assurant Inc. - Segment focus
11.7 Asurion LLC
  • Asurion LLC - Overview
  • Asurion LLC - Product / Service
  • Asurion LLC - Key offerings
11.8 AXA Group
  • AXA Group - Overview
  • AXA Group - Business segments
  • AXA Group - Key news
  • AXA Group - Key offerings
  • AXA Group - Segment focus
11.9 Carchex LLC
  • Carchex LLC - Overview
  • Carchex LLC - Product / Service
  • Carchex LLC - Key offerings
11.10 Chubb Ltd.
  • Chubb Ltd. - Overview
  • Chubb Ltd. - Business segments
  • Chubb Ltd. - Key news
  • Chubb Ltd. - Key offerings
  • Chubb Ltd. - Segment focus
11.11 Endurance Warranty Services LLC
  • Endurance Warranty Services LLC - Overview
  • Endurance Warranty Services LLC - Product / Service
  • Endurance Warranty Services LLC - Key offerings
11.12 The Allstate Corp.
  • The Allstate Corp. - Overview
  • The Allstate Corp. - Business segments
  • The Allstate Corp. - Key offerings
  • The Allstate Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
  • Inclusions checklist
  • Exclusions checklist
12.3 Currency conversion rates for US$
  • Currency conversion rates for US$
12.4 Research methodology
  • Research methodology
12.5 Data procurement
  • Information sources
12.6 Data validation
  • Data validation
12.7 Validation techniques employed for market sizing
  • Validation techniques employed for market sizing
12.8 Data synthesis
  • Data synthesis
12.9 360 degree market analysis
  • 360 degree market analysis
12.10 List of abbreviations
  • List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Device
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on US - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on US - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on US: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on US: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Extended Warranty Market in US 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Device Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Device - Market share 2023-2028 (%)
Exhibits 28: Data Table on Device - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Device
Exhibits 30: Data Table on Comparison by Device
Exhibits 31: Chart on Automobile - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Automobile - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Automobile - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Automobile - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Consumer electronics - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Consumer electronics - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Home appliances - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Home appliances - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Home appliances - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Home appliances - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Mobile devices and PCs - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Mobile devices and PCs - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Mobile devices and PCs - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Mobile devices and PCs - Year-over-year growth 2023-2028 (%)
Exhibits 47: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 48: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 51: Market opportunity by Device ($ million)
Exhibits 52: Data Table on Market opportunity by Device ($ million)
Exhibits 53: Chart on End-user - Market share 2023-2028 (%)
Exhibits 54: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 55: Chart on Comparison by End-user
Exhibits 56: Data Table on Comparison by End-user
Exhibits 57: Chart on Businesses - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Businesses - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Businesses - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Businesses - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Individuals - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Individuals - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Individuals - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Individuals - Year-over-year growth 2023-2028 (%)
Exhibits 65: Market opportunity by End-user ($ million)
Exhibits 66: Data Table on Market opportunity by End-user ($ million)
Exhibits 67: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 68: Impact of drivers and challenges in 2023 and 2028
Exhibits 69: Overview on criticality of inputs and factors of differentiation
Exhibits 70: Overview on factors of disruption
Exhibits 71: Impact of key risks on business
Exhibits 72: Companies covered
Exhibits 73: Matrix on companies position and classification
Exhibits 74: Allianz SE - Overview
Exhibits 75: Allianz SE - Business segments
Exhibits 76: Allianz SE - Key news
Exhibits 77: Allianz SE - Key offerings
Exhibits 78: Allianz SE - Segment focus
Exhibits 79: American International Group Inc. - Overview
Exhibits 80: American International Group Inc. - Business segments
Exhibits 81: American International Group Inc. - Key news
Exhibits 82: American International Group Inc. - Key offerings
Exhibits 83: American International Group Inc. - Segment focus
Exhibits 84: AmTrust Financial Services Inc. - Overview
Exhibits 85: AmTrust Financial Services Inc. - Product / Service
Exhibits 86: AmTrust Financial Services Inc. - Key offerings
Exhibits 87: Assurant Inc. - Overview
Exhibits 88: Assurant Inc. - Business segments
Exhibits 89: Assurant Inc. - Key offerings
Exhibits 90: Assurant Inc. - Segment focus
Exhibits 91: Asurion LLC - Overview
Exhibits 92: Asurion LLC - Product / Service
Exhibits 93: Asurion LLC - Key offerings
Exhibits 94: AXA Group - Overview
Exhibits 95: AXA Group - Business segments
Exhibits 96: AXA Group - Key news
Exhibits 97: AXA Group - Key offerings
Exhibits 98: AXA Group - Segment focus
Exhibits 99: Carchex LLC - Overview
Exhibits 100: Carchex LLC - Product / Service
Exhibits 101: Carchex LLC - Key offerings
Exhibits 102: Chubb Ltd. - Overview
Exhibits 103: Chubb Ltd. - Business segments
Exhibits 104: Chubb Ltd. - Key news
Exhibits 105: Chubb Ltd. - Key offerings
Exhibits 106: Chubb Ltd. - Segment focus
Exhibits 107: Endurance Warranty Services LLC - Overview
Exhibits 108: Endurance Warranty Services LLC - Product / Service
Exhibits 109: Endurance Warranty Services LLC - Key offerings
Exhibits 110: The Allstate Corp. - Overview
Exhibits 111: The Allstate Corp. - Business segments
Exhibits 112: The Allstate Corp. - Key offerings
Exhibits 113: The Allstate Corp. - Segment focus
Exhibits 114: Inclusions checklist
Exhibits 115: Exclusions checklist
Exhibits 116: Currency conversion rates for US$
Exhibits 117: Research methodology
Exhibits 118: Information sources
Exhibits 119: Data validation
Exhibits 120: Validation techniques employed for market sizing
Exhibits 121: Data synthesis
Exhibits 122: 360 degree market analysis
Exhibits 123: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the extended warranty market in us: Allianz SE, American International Group Inc., AmTrust Financial Services Inc., Assurant Inc., Asurion LLC, AXA Group, Carchex LLC, Chubb Ltd., Endurance Warranty Services LLC, and The Allstate Corp..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is expansion of service by vendors."

According to the report, one of the major drivers for this market is the high demand for household appliances.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Allianz SE
  • American International Group Inc.
  • AmTrust Financial Services Inc.
  • Assurant Inc.
  • Asurion LLC
  • AXA Group
  • Carchex LLC
  • Chubb Ltd.
  • Endurance Warranty Services LLC
  • The Allstate Corp.

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About the Extended Warranty Market

The Extended Warranty market within the context of Consumer Goods and Services is a service that provides additional coverage for products beyond the manufacturer's warranty. It is typically offered by retailers, manufacturers, and third-party providers. Extended warranties are often purchased to protect against unexpected repair costs, and may include coverage for parts, labor, and other services. They may also include additional benefits such as accidental damage protection, technical support, and extended service hours. Extended warranties are often offered for a variety of consumer goods, including electronics, appliances, and automobiles. They are typically offered at the time of purchase, and may be purchased separately or bundled with the product. Some companies in the Extended Warranty market include SquareTrade, Best Buy, Amazon, and AppleCare. Show Less Read more

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