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Extended Warranty Market By Coverage, By Distribution Channel, By Application, By End-users, By Sales Type: Global Opportunity Analysis and Industry Forecast, 2023-2032

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    Report

  • 373 Pages
  • April 2024
  • Region: Global
  • Allied Market Research
  • ID: 5141651
The global extended warranty market, valued at $129.7 billion in 2022, is anticipated to expand to $286.4 billion by 2032. An extended warranty, also 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 to 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 to 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 to cover the high costs of unexpected repairs, driving the growth of the auto 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 into standard protection plan and accidental protection plan. By distribution channel, the market is segregated into manufacturers, retailers, and others. By application, the market is divided into automobiles, consumer electronics, home appliances, mobile devices and PCs, and others. By end user, the market is divided into individuals and business. By sales type, the market is divided into 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 to 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 to 2032 to identify the prevailing extended warranty market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the extended warranty market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to 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.

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  • 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)

 

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Table of 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
List of Tables
Table 01. Global Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 02. Extended Warranty Market for Standard Protection Plan, by Region, 2022-2032 ($Billion)
Table 03. Extended Warranty Market for Accidental Protection Plan, by Region, 2022-2032 ($Billion)
Table 04. Global Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 05. Extended Warranty Market for Manufacturers, by Region, 2022-2032 ($Billion)
Table 06. Extended Warranty Market for Retailers, by Region, 2022-2032 ($Billion)
Table 07. Extended Warranty Market for Others, by Region, 2022-2032 ($Billion)
Table 08. Global Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 09. Extended Warranty Market for Automobiles, by Region, 2022-2032 ($Billion)
Table 10. Extended Warranty Market for Consumer Electronics, by Region, 2022-2032 ($Billion)
Table 11. Extended Warranty Market for Home Appliances, by Region, 2022-2032 ($Billion)
Table 12. Extended Warranty Market for Mobile Devices and Pcs, by Region, 2022-2032 ($Billion)
Table 13. Extended Warranty Market for Others, by Region, 2022-2032 ($Billion)
Table 14. Global Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 15. Extended Warranty Market for Individuals, by Region, 2022-2032 ($Billion)
Table 16. Extended Warranty Market for Business, by Region, 2022-2032 ($Billion)
Table 17. Global Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 18. Extended Warranty Market for Point of Sale, by Region, 2022-2032 ($Billion)
Table 19. Extended Warranty Market for After Sale, by Region, 2022-2032 ($Billion)
Table 20. Extended Warranty Market, by Region, 2022-2032 ($Billion)
Table 21. North America Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 22. North America Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 23. North America Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 24. North America Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 25. North America Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 26. North America Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 27. U.S. Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 28. U.S. Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 29. U.S. Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 30. U.S. Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 31. U.S. Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 32. Canada Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 33. Canada Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 34. Canada Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 35. Canada Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 36. Canada Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 37. Europe Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 38. Europe Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 39. Europe Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 40. Europe Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 41. Europe Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 42. Europe Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 43. Germany Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 44. Germany Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 45. Germany Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 46. Germany Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 47. Germany Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 48. UK Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 49. UK Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 50. UK Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 51. UK Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 52. UK Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 53. France Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 54. France Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 55. France Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 56. France Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 57. France Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 58. Italy Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 59. Italy Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 60. Italy Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 61. Italy Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 62. Italy Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 63. Spain Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 64. Spain Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 65. Spain Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 66. Spain Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 67. Spain Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 68. Netherlands Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 69. Netherlands Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 70. Netherlands Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 71. Netherlands Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 72. Netherlands Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 73. Rest of Europe Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 74. Rest of Europe Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 75. Rest of Europe Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 76. Rest of Europe Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 77. Rest of Europe Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 78. Asia-Pacific Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 79. Asia-Pacific Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 80. Asia-Pacific Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 81. Asia-Pacific Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 82. Asia-Pacific Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 83. Asia-Pacific Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 84. China Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 85. China Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 86. China Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 87. China Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 88. China Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 89. Japan Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 90. Japan Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 91. Japan Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 92. Japan Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 93. Japan Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 94. India Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 95. India Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 96. India Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 97. India Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 98. India Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 99. South Korea Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 100. South Korea Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 101. South Korea Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 102. South Korea Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 103. South Korea Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 104. Australia Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 105. Australia Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 106. Australia Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 107. Australia Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 108. Australia Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 109. Rest of Asia-Pacific Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 110. Rest of Asia-Pacific Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 111. Rest of Asia-Pacific Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 112. Rest of Asia-Pacific Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 113. Rest of Asia-Pacific Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 114. LAMEA Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 115. LAMEA Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 116. LAMEA Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 117. LAMEA Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 118. LAMEA Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 119. LAMEA Extended Warranty Market, by Country, 2022-2032 ($Billion)
Table 120. Latin America Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 121. Latin America Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 122. Latin America Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 123. Latin America Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 124. Latin America Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 125. Middle East Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 126. Middle East Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 127. Middle East Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 128. Middle East Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 129. Middle East Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 130. Africa Extended Warranty Market, by Coverage, 2022-2032 ($Billion)
Table 131. Africa Extended Warranty Market, by Distribution Channel, 2022-2032 ($Billion)
Table 132. Africa Extended Warranty Market, by Application, 2022-2032 ($Billion)
Table 133. Africa Extended Warranty Market, by End-users, 2022-2032 ($Billion)
Table 134. Africa Extended Warranty Market, by Sales Type, 2022-2032 ($Billion)
Table 135. Axiom Connected LLC: Key Executives
Table 136. Axiom Connected LLC: Company Snapshot
Table 137. Axiom Connected LLC: Product Segments
Table 138. Axiom Connected LLC: Product Portfolio
Table 139. Axiom Connected LLC: Key Strategies
Table 140. Consumer Priority Service, Inc.: Key Executives
Table 141. Consumer Priority Service, Inc.: Company Snapshot
Table 142. Consumer Priority Service, Inc.: Product Segments
Table 143. Consumer Priority Service, Inc.: Product Portfolio
Table 144. Likewize: Key Executives
Table 145. Likewize: Company Snapshot
Table 146. Likewize: Product Segments
Table 147. Likewize: Product Portfolio
Table 148. Assurant, Inc.: Key Executives
Table 149. Assurant, Inc.: Company Snapshot
Table 150. Assurant, Inc.: Product Segments
Table 151. Assurant, Inc.: Product Portfolio
Table 152. Assurant, Inc.: Key Strategies
Table 153. American International Group Inc.: Key Executives
Table 154. American International Group Inc.: Company Snapshot
Table 155. American International Group Inc.: Product Segments
Table 156. American International Group Inc.: Product Portfolio
Table 157. Asurion, LLC: Key Executives
Table 158. Asurion, LLC: Company Snapshot
Table 159. Asurion, LLC: Service Segments
Table 160. Asurion, LLC: Product Portfolio
Table 161. Carchex, LLC: Key Executives
Table 162. Carchex, LLC: Company Snapshot
Table 163. Carchex, LLC: Service Segments
Table 164. Carchex, LLC: Product Portfolio
Table 165. Endurance Warranty Services, LLC: Key Executives
Table 166. Endurance Warranty Services, LLC: Company Snapshot
Table 167. Endurance Warranty Services, LLC: Service Segments
Table 168. Endurance Warranty Services, LLC: Product Portfolio
Table 169. Edel Assurance Llp: Key Executives
Table 170. Edel Assurance Llp: Company Snapshot
Table 171. Edel Assurance Llp: Service Segments
Table 172. Edel Assurance Llp: Product Portfolio
Table 173. Amtrust Financial Services, Inc.: Key Executives
Table 174. Amtrust Financial Services, Inc.: Company Snapshot
Table 175. Amtrust Financial Services, Inc.: Service Segments
Table 176. Amtrust Financial Services, Inc.: Product Portfolio
Table 177. Amtrust Financial Services, Inc.: Key Strategies
Table 178. Carshield: Key Executives
Table 179. Carshield: Company Snapshot
Table 180. Carshield: Service Segments
Table 181. Carshield: Product Portfolio
Table 182. Carshield: Key Strategies
Table 183. Squaretrade, Inc.: Key Executives
Table 184. Squaretrade, Inc.: Company Snapshot
Table 185. Squaretrade, Inc.: Service Segments
Table 186. Squaretrade, Inc.: Product Portfolio
Table 187. Service Lee Technologies Private Limited: Key Executives
Table 188. Service Lee Technologies Private Limited: Company Snapshot
Table 189. Service Lee Technologies Private Limited: Product Segments
Table 190. Service Lee Technologies Private Limited: Product Portfolio
Table 191. Service Lee Technologies Private Limited: Key Strategies
Table 192. Safeware Inc.: Key Executives
Table 193. Safeware Inc.: Company Snapshot
Table 194. Safeware Inc.: Product Segments
Table 195. Safeware Inc.: Product Portfolio
Table 196. Cover Genius: Key Executives
Table 197. Cover Genius: Company Snapshot
Table 198. Cover Genius: Product Segments
Table 199. Cover Genius: Product Portfolio
Table 200. Cover Genius: Key Strategies
Table 201. Fortegra Specialty Insurance Company: Key Executives
Table 202. Fortegra Specialty Insurance Company: Company Snapshot
Table 203. Fortegra Specialty Insurance Company: Product Segments
Table 204. Fortegra Specialty Insurance Company: Product Portfolio
Table 205. Fortegra Specialty Insurance Company: Key Strategies
Table 206. Extend: Key Executives
Table 207. Extend: Company Snapshot
Table 208. Extend: Product Segments
Table 209. Extend: Product Portfolio
Table 210. Onpoint Warranty Solutions, LLC: Key Executives
Table 211. Onpoint Warranty Solutions, LLC: Company Snapshot
Table 212. Onpoint Warranty Solutions, LLC: Product Segments
Table 213. Onpoint Warranty Solutions, LLC: Product Portfolio
Table 214. Onpoint Warranty Solutions, LLC: Key Strategies
Table 215. Protectall Usa, LLC: Key Executives
Table 216. Protectall Usa, LLC: Company Snapshot
Table 217. Protectall Usa, LLC: Product Segments
Table 218. Protectall Usa, LLC: Product Portfolio
Table 219. Guardsman (Amynta Agency Inc): Key Executives
Table 220. Guardsman (Amynta Agency Inc): Company Snapshot
Table 221. Guardsman (Amynta Agency Inc): Product Segments
Table 222. Guardsman (Amynta Agency Inc): Product Portfolio
Table 223. Guardsman (Amynta Agency Inc): Key Strategies
Table 224. Mulberry Technology Inc.: Key Executives
Table 225. Mulberry Technology Inc.: Company Snapshot
Table 226. Mulberry Technology Inc.: Product Segments
Table 227. Mulberry Technology Inc.: Product Portfolio
Table 228. Centricity: Key Executives
Table 229. Centricity: Company Snapshot
Table 230. Centricity: Product Segments
Table 231. Centricity: Product Portfolio
Table 232. Worth Ave. Group: Key Executives
Table 233. Worth Ave. Group: Company Snapshot
Table 234. Worth Ave. Group: Product Segments
Table 235. Worth Ave. Group: Product Portfolio
Table 236. Axa Partners Holding SA: Key Executives
Table 237. Axa Partners Holding SA: Company Snapshot
Table 238. Axa Partners Holding SA: Service Segments
Table 239. Axa Partners Holding SA: Product Portfolio
List of Figures
Figure 01. Extended Warranty Market, 2022-2032
Figure 02. Segmentation of Extended Warranty Market,2022-2032
Figure 03. Top Impacting Factors in Extended Warranty Market (2022 to 2032)
Figure 04. Top Investment Pockets in Extended Warranty Market (2023-2032)
Figure 05. Low Bargaining Power of Suppliers
Figure 06. Low Threat of New Entrants
Figure 07. Low Threat of Substitutes
Figure 08. Low Intensity of Rivalry
Figure 09. Low Bargaining Power of Buyers
Figure 10. Global Extended Warranty Market: Drivers, Restraints and Opportunities
Figure 11. Extended Warranty Market, by Coverage, 2022 and 2032(%)
Figure 12. Comparative Share Analysis of Extended Warranty Market for Standard Protection Plan, by Country 2022 and 2032(%)
Figure 13. Comparative Share Analysis of Extended Warranty Market for Accidental Protection Plan, by Country 2022 and 2032(%)
Figure 14. Extended Warranty Market, by Distribution Channel, 2022 and 2032(%)
Figure 15. Comparative Share Analysis of Extended Warranty Market for Manufacturers, by Country 2022 and 2032(%)
Figure 16. Comparative Share Analysis of Extended Warranty Market for Retailers, by Country 2022 and 2032(%)
Figure 17. Comparative Share Analysis of Extended Warranty Market for Others, by Country 2022 and 2032(%)
Figure 18. Extended Warranty Market, by Application, 2022 and 2032(%)
Figure 19. Comparative Share Analysis of Extended Warranty Market for Automobiles, by Country 2022 and 2032(%)
Figure 20. Comparative Share Analysis of Extended Warranty Market for Consumer Electronics, by Country 2022 and 2032(%)
Figure 21. Comparative Share Analysis of Extended Warranty Market for Home Appliances, by Country 2022 and 2032(%)
Figure 22. Comparative Share Analysis of Extended Warranty Market for Mobile Devices and Pcs, by Country 2022 and 2032(%)
Figure 23. Comparative Share Analysis of Extended Warranty Market for Others, by Country 2022 and 2032(%)
Figure 24. Extended Warranty Market, by End-users, 2022 and 2032(%)
Figure 25. Comparative Share Analysis of Extended Warranty Market for Individuals, by Country 2022 and 2032(%)
Figure 26. Comparative Share Analysis of Extended Warranty Market for Business, by Country 2022 and 2032(%)
Figure 27. Extended Warranty Market, by Sales Type, 2022 and 2032(%)
Figure 28. Comparative Share Analysis of Extended Warranty Market for Point of Sale, by Country 2022 and 2032(%)
Figure 29. Comparative Share Analysis of Extended Warranty Market for After Sale, by Country 2022 and 2032(%)
Figure 30. Extended Warranty Market by Region, 2022 and 2032(%)
Figure 31. U.S. Extended Warranty Market, 2022-2032 ($Billion)
Figure 32. Canada Extended Warranty Market, 2022-2032 ($Billion)
Figure 33. Germany Extended Warranty Market, 2022-2032 ($Billion)
Figure 34. UK Extended Warranty Market, 2022-2032 ($Billion)
Figure 35. France Extended Warranty Market, 2022-2032 ($Billion)
Figure 36. Italy Extended Warranty Market, 2022-2032 ($Billion)
Figure 37. Spain Extended Warranty Market, 2022-2032 ($Billion)
Figure 38. Netherlands Extended Warranty Market, 2022-2032 ($Billion)
Figure 39. Rest of Europe Extended Warranty Market, 2022-2032 ($Billion)
Figure 40. China Extended Warranty Market, 2022-2032 ($Billion)
Figure 41. Japan Extended Warranty Market, 2022-2032 ($Billion)
Figure 42. India Extended Warranty Market, 2022-2032 ($Billion)
Figure 43. South Korea Extended Warranty Market, 2022-2032 ($Billion)
Figure 44. Australia Extended Warranty Market, 2022-2032 ($Billion)
Figure 45. Rest of Asia-Pacific Extended Warranty Market, 2022-2032 ($Billion)
Figure 46. Latin America Extended Warranty Market, 2022-2032 ($Billion)
Figure 47. Middle East Extended Warranty Market, 2022-2032 ($Billion)
Figure 48. Africa Extended Warranty Market, 2022-2032 ($Billion)
Figure 49. Top Winning Strategies, by Year (2020-2023)
Figure 50. Top Winning Strategies, by Development (2020-2023)
Figure 51. Top Winning Strategies, by Company (2020-2023)
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Dashboard
Figure 54. Competitive Heatmap: Extended Warranty Market
Figure 55. Top Player Positioning, 2022
Figure 56. Assurant, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 57. Assurant, Inc.: Revenue Share by Region, 2022 (%)
Figure 58. American International Group Inc.: Net Revenue, 2021-2023 ($Million)
Figure 59. American International Group Inc.: Revenue Share by Region, 2023 (%)
Figure 60. Squaretrade, Inc.: Net Revenue, 2020-2022 ($Million)
Figure 61. Squaretrade, Inc.: Revenue Share by Segment, 2022 (%)
Figure 62. Axa Partners Holding SA: Net Revenue, 2020-2022 ($Billion)
Figure 63. Axa Partners Holding SA: Revenue Share by Segment, 2022 (%)
Figure 64. Axa Partners Holding SA: Revenue Share by Region, 2022 (%)

Executive Summary

According to the report, titled, “Extended Warranty Market," the extended warranty market size was valued at $122.89 billion in 2021, and is estimated to reach $274.94 billion by 2031, growing at a CAGR of 8.6% from 2022 to 2031.

In addition, the use of AI and machine learning to manage questions and claims via chat, phone, and online forms drive the up demand for extended warranties among businesses and people. This contributes to the market's expansion. The market is predicted to develop due to manufacturers' increasing efforts to prioritize customer service while giving an extended warranty through various different programs. To increase consumer loyalty, manufacturers are making extended warranty schemes more transparent in terms of duration and coverage. As a result, the demand for extended warranties has increased. Furthermore, industry growth is expected to be fueled by the personalization of extended warranties with details relevant to consumers' products. Moreover, the leading companies are digitizing extended warranty processes for consumers to file claims for their products with just a click, which eliminates the use of receipts while generating faster and more efficient responses. The rise in demand for technical assistance with an extended warranty is leading companies to provide product installation and remote diagnosis in consumer electronics. These factors, as a result propelling the extended warranty market growth.

On the basis of coverage, the standard protection plan segment is the highest growing segment. This is attributed to the fact that standard protection plan provides coverage for an additional two to three years of coverage against product failure. Furthermore, these extended warranty plans are mainly suitable for consumers looking for an uncomplicated usage experience and longer life for their devices.

By region, North America attained the highest growth in 2021. This is attributed to limit financial risk for car breakdowns, consumers take protection via extended warranties, which boosts the market growth in the region. Further, in Canada, typically new vehicles carry minimum five years of warranty from dealers, which further promotes customers to purchase extended warranty from same vehicle dealers in the country.

The substantial drop in sales of automobiles and consumer electronics during COVID-19, has moderately affected the extended warranty market trends. However, in several regions, customers avail offers of warranty extension for products purchased from authorized offline and online platforms. As a result, the extended warranty market has experienced significant expansion.

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.
  • The key players profiled in the extended warranty market analysis are ASSURANT, INC., American International Group, Inc., AXA, AmTrust Financial, Asurion. CARCHEX, CarShield, LLC, Endurance Warranty Services, LLC, Edel Assurance, and SquareTrade, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the extended warranty industry.

Companies Mentioned

Key Market Players in the Extended Warranty Market include:
  • 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)

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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