- December 11, 2019
- Category: Consumer Goods and Services, Other Industry Reports
Global Extended Warranty Market Size study, by Coverage (Standard Protection Plan, Accidental Protection Plan), by Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices & PCs, Others), by Distribution Channel (Manufacturers, Retailers, Others), by End-User (Business, Individuals) and Regional Forecasts 2020-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Billion) 1.2.1. Extended Warranty Market, by Region, 2018-2027 (USD Billion) 1.2.2. Extended Warranty Market, by Coverage, 2018-2027 (USD Billion) 1.2.3. Extended Warranty Market, by Application, 2018-2027 (USD Billion) 1.2.4. Extended Warranty Market, by Distribution Channel, 2018-2027 (USD Billion) 1.2.5. Extended Warranty Market, by End-User, 2018-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global Extended Warranty Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global Extended Warranty Market Dynamics 3.1. Extended Warranty Market Impact Analysis (2018-2027) 3.1.1. Market Drivers 3.1.2. Market Challenges 3.1.3. Market Opportunities Chapter 4. Global Extended Warranty Market: Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2017-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global Extended Warranty Market, by Coverage 5.1. Market Snapshot 5.2. Global Extended Warranty Market by Coverage, Performance - Potential Analysis 5.3. Global Extended Warranty Market Estimates & Forecasts by Coverage 2017-2027 (USD Billion) 5.4. Extended Warranty Market, Sub Segment Analysis 5.4.1. Standard Protection Plan 5.4.2. Accidental Protection Plan Chapter 6. Global Extended Warranty Market, by Application 6.1. Market Snapshot 6.2. Global Extended Warranty Market by Application, Performance - Potential Analysis 6.3. Global Extended Warranty Market Estimates & Forecasts by Application 2017-2027 (USD Billion) 6.4. Extended Warranty Market, Sub Segment Analysis 6.4.1. Automobiles 6.4.2. Consumer Electronics 6.4.3. Home Appliances 6.4.4. Mobile Devices & PCs 6.4.5. Others Chapter 7. Global Extended Warranty Market, by Distribution Channel 7.1. Market Snapshot 7.2. Global Extended Warranty Market by Distribution Channel, Performance - Potential Analysis 7.3. Global Extended Warranty Market Estimates & Forecasts by Distribution Channel 2017-2027 (USD Billion) 7.4. Extended Warranty Market, Sub Segment Analysis 7.4.1. Manufacturers 7.4.2. Retailers 7.4.3. Others Chapter 8. Global Extended Warranty Market, by End-User 8.1. Market Snapshot 8.2. Global Extended Warranty Market by End-User - Potential Analysis 8.3. Global Extended Warranty Market Estimates & Forecasts by End-User 2017-2027 (USD Billion) 8.4. Extended Warranty Market, Sub Segment Analysis 8.4.1. Business 8.4.2. Individuals Chapter 9. Global Extended Warranty Market, Regional Analysis 9.1. Extended Warranty Market, Regional Market Snapshot 9.2. North America Extended Warranty Market 9.2.1. U.S. Extended Warranty Market 18.104.22.168. Coverage breakdown estimates & forecasts, 2017-2027 22.214.171.124. Application breakdown estimates & forecasts, 2017-2027 126.96.36.199. Distribution Channel breakdown estimates & forecasts, 2017-2027 188.8.131.52. End-User breakdown estimates & forecasts, 2017-2027 9.2.2. Canada Extended Warranty Market 9.3. Europe Extended Warranty Market Snapshot 9.3.1. U.K. Extended Warranty Market 9.3.2. Germany Extended Warranty Market 9.3.3. France Extended Warranty Market 9.3.4. Spain Extended Warranty Market 9.3.5. Italy Extended Warranty Market 9.3.6. Rest of Europe Extended Warranty Market 9.4. Asia-Pacific Extended Warranty Market Snapshot 9.4.1. China Extended Warranty Market 9.4.2. India Extended Warranty Market 9.4.3. Japan Extended Warranty Market 9.4.4. Australia Extended Warranty Market 9.4.5. South Korea Extended Warranty Market 9.4.6. Rest of Asia Pacific Extended Warranty Market 9.5. Latin America Extended Warranty Market Snapshot 9.5.1. Brazil Extended Warranty Market 9.5.2. Mexico Extended Warranty Market 9.6. Rest of The World Extended Warranty Market Chapter 10. Competitive Intelligence 10.1. Top Market Strategies 10.2. Company Profiles 10.2.1. Assurant, Inc. 10.2.1.1. Key Information 10.2.1.2. Overview 10.2.1.3. Financial (Subject to Data Availability) 10.2.1.4. Product Summary 10.2.1.5. Recent Developments 10.2.2. American International Group, Inc. 10.2.3. AXA SA 10.2.4. AmTrust Financial 10.2.5. Asurion 10.2.6. CARCHEX 10.2.7. CarShield, LLC 10.2.8. Endurance Warranty Services, LLC 10.2.9. Edel Assurance 10.2.10. SquareTrade, Inc. Chapter 11. Research Process 11.1. Research Process 11.1.1. Data Mining 11.1.2. Analysis 11.1.3. Market Estimation 11.1.4. Validation 11.1.5. Publishing 11.2. Research Attributes 11.3. Research Assumption
Global Extended Warranty Market is valued approximately at USD 121 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2020-2027. Extended warranty, also recognized as a service contract/service agreement, which provides a prolonged warranty in comparison to the standard warranty for a variety of products & services. The extended warranty is typically offered by the warranty administrator, manufacturer, or a retailer. This type of warranty is provided for a wide range of products such as automobiles, mobile devices, and electrical & electronic appliances. Extended warranties also provide additional device protection on certain electrical & mechanical components, which are not enclosed by the producer’s warranty and characteristically eliminate routine maintenance such as wear & tear of the goods, normal maintenance, re-gassing, and impairment by accidental damage and computer viruses. An increase in penetration of smartphones and other electronic devices, growing awareness among people for the extended warranty, and enforcement of new policies to support the expansion of extended warranty are the few factors responsible for the CAGR of the market during the forecast period. According to PubMatic, in 2019, there were almost 3.04 billion mobile internet users estimated around the world and is projected to grow nearly 3.71 billion through 2022. Similarly, as per the survey, it is also anticipated that China has the highest number of mobile internet users. In 2016, roughly 765.37 million internet users were recorded in China and is reached almost 829.0 million in the year 2019 (as of March). This, in turn, is likely to strengthen the demand for extended warranty all over the world. However, the high cost of extended warranty than the standard warranty is one of the prime factors impeding the market growth over the forecast period of 2020-2027.
The regional analysis of the global Extended Warranty market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the high awareness for extended warranty among people, along with the wide presence of market players in the region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in the number of smartphone & laptop users and improving the manufacturing sector in the developing nations, such as China and India, are the few factors creating a lucrative opportunity for the growth of the cancer vaccine market in the Asia-Pacific region.
Major market player included in this report are:
American International Group, Inc.
Endurance Warranty Services, LLC
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Standard Protection Plan
Accidental Protection Plan
Mobile Devices & PCs
By Distribution Channel:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Extended Warranty Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers