The ‘ Extended Warranty market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Extended Warranty market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Extended Warranty market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.
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Extended warranty or service contract is an insurance policy that replicates and extends the warranty period of consumer durable goods by a specified period. It covers the cost of replacement, repair, breaking down of the product, and undertakes other coverages as per terms specified in extended warranty plans. Moreover, extended warranty can be offered by retailers, manufacturers, and other warranty administrators. As it is a prolonged warranty offered to consumers, in addition to standard warranty on new items, extended warranties cost extra based on percentage of the item’s retail price.
Increase in awareness for extended warranty for brown goods such as laptops, smartphones, and tablets drive the market growth. Owing to the fact that many products have a hefty price tag associated with them, consumers are often worried about safety of their electronic products post expiry of seller;s warranty. Therefore, provision of extended warranty also helps in rebuilding customer loyalty and thus increased awareness for extended warranty is propelling the market growth. However, owing to decline in sales of PCs since last few years, the coverage of extended warranty policy for PC units has reduced, which is therefore hampering the market growth.
Moreover, unit shipment for PCs have declined globally, which limits growth of the extended warranty market. On the contrary, extended warranty providers have numerous opportunities such as to offer value added services to their customers and expand product & service offerings by executing partnerships. In addition, developing economies offer significant opportunities for insurers to expand their business by strengthening policies to support the development of extended warranty in the region. Furthermore, increase in purchases of consumer electronics, home appliances, and wearable devices in emerging economies is also expected to provide lucrative opportunities during the forecast period.
The extended warranty market is segmented on the basis of coverage, application, distribution channel, end user, and region. In terms of coverage, it is bifurcated into standard protection plan and accidental protection plan. By application, it is segmented into automobiles, consumer electronics, home appliances, mobile devices & PCs, and others. On the basis of distribution channel, it is segmented into manufacturers, retailers, and others. By end user, it is bifurcated into business and individuals. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyses the profiles of key players operating in the market 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 industry.
Key benefits for stakeholders
– The study provides an in-depth analysis of the global extended warranty market along with the current & future trends to elucidate the imminent investment pockets.
– Information about key drivers, restrains, and opportunities and their impact analysis on the market size is provided in the report.
– Porter;s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
– The quantitative analysis of the global extended warranty market from 2020 to 2027 is provided to determine the market potential.
Key market segments
– Standard Protection Plan
– Accidental Protection Plan
– Consumer Electronics
– Home Appliances
– Mobile Devices & PCs
KEY MARKET PLAYERS
– ASSURANT, INC.
– American International Group, Inc.
– AmTrust Financial
– CarShield, LLC
– Endurance Warranty Services, LLC
– Edel Assurance
– SquareTrade, Inc.
Geographically, the following regions together with the listed national/local markets are fully investigated:
– APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
– Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
– North America (U.S., Canada, and Mexico)
– South America (Brazil, Columbia, Argentina, Rest of South America)
– MEA (Saudi Arabia, UAE, Egypt)
Impact of COVID-19 on the Global Market
The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)
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Key Points Covered in Extended Warranty Market Report: Study Explore COVID 19 Outbreak Impact Analysis
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.3.Analyst tools & models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.1.Top impacting factors
2.1.2.Top investment pockets
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key Forces Shaping Extended Warranty Market
3.2.1.Low bargaining power of suppliers
3.2.2.High bargaining power of buyer
3.2.3.Moderate threat of substitutes
3.2.4.Moderate threat of new entrants
3.2.5.High competitive rivalry
22.214.171.124.Increased awareness for extended warranty
126.96.36.199.Rise in penetration of laptops, smartphones, and tablets
188.8.131.52.Declining sales of PCs
184.108.40.206.Expansion of products and services
220.127.116.11.Untapped potential of emerging economies
3.4.COVID-19 impact analysis on extended warranty market
3.4.1.Impact on extended warranty market size
3.4.2.Chane in end user trends, budgets, and preferences
3.4.3.Regulatory framework for solving market challenges faced by extended warranty service providers
3.4.4.Economic impact on extended warranty vendors
3.4.5.Strategies to tackle negative impact in the industry
CHAPTER 4:EXTENDED WARRANTY MARKET, BY COVERAGE
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 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 analysis, by country
CHAPTER 5:EXTENDED WARRANTY MARKET, BY APPLICATION
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country
5.5.Mobile Devices & PCs
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country
CHAPTER 6:EXTENDED WARRANTY MARKET, BY DISTRIBUTION CHANNEL
6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis, by country
6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis, by country
6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis, by country
CHAPTER 7:EXTENDED WARRANTY MARKET, BY END USER
7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis, by country
7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis, by country
CHAPTER 8:EXTENDED WARRANTY MARKET, BY REGION
8.1.1.Market size and forecast, by region
8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by coverage
8.2.3.Market size and forecast, by application
8.2.4.Market size and forecast, by distribution channel
8.2.5.Market size and forecast, by end user
8.2.6.Market analysis, by country
CHAPTER 9:COMPETITIVE LANDSCAPE
9.1.1.Market player positioning, 2019
9.1.2.Top winning strategies
CHAPTER 10:COMPANY PROFILES
10.1.4.Operating business segments
10.1.7.Key strategic moves and developments
10.2.American International Group, Inc.
10.2.4.Operating business segments
10.3.4.Operating business segments
10.4.1.Key strategic moves and developments
10.6.1.Key strategic moves and developments
10.8.Endurance Warranty Services, LLC
10.8.1.Key strategic moves and developments
10.10.1.Key strategic moves and developments
……..and view more in complete table of Contents
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