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iCrowdNewswire Nov 27, 2020 12:00 AM ET

Extended Warranty Market Witness Robust Growth | ASSURANT, INC., American International Group, Inc., AXA


iCrowd Newswire - Nov 27, 2020

Extended Warranty Market by Coverage (Standard Protection Plan and Accidental Protection Plan), Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices & PCs, and Others), Distribution Channel (Manufacturers, Retailers, and Others), and End User (Business and Individuals): Global Opportunity Analysis and Industry Forecast, 2020-2027  , Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Extended Warranty market, and compares it with other markets., 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. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region

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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

By Coverage

– Standard Protection Plan

– Accidental Protection Plan

By Application

– Automobiles

– Consumer Electronics

– Home Appliances

– Mobile Devices & PCs

– Others

Distribution Channel

– Manufacturers

– Retailers

– Others

End User

– Business

– Individuals

KEY MARKET PLAYERS

– ASSURANT, INC.

– American International Group, Inc.

– AXA

– AmTrust Financial

– Asurion

– CARCHEX

– CarShield, LLC

– Endurance Warranty Services, LLC

– Edel Assurance

– SquareTrade, Inc.

A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario

Market Behavior/ Level of Risk and Opportunity

End Industry Behavior/ Opportunity Assessment

Expected Industry Recovery Timeline

Business Impact Horizon

Opening of Economy by Q3 2020

xx

xx

xx

xx

Recovery – Opening of Economy extended till Q4 2020 / Q1 2021

xx

xx

xx

xx

 Under COVID-19 Outbreak Impact Analysis:
We analyzed industry trends in the context of COVID-19. We analyzed the impact of COVID-19 on the product industry chain based on the upstream and downstream markets. We analyze the impact of COVID-19 on various regions and major countries.
The impact of COVID-19 on the future development of the industry is pointed out.

Study Explore :

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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.

Countries: Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam

In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

The study objectives of this report are:

The Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Extended Warranty Market Report:

CHAPTER 1:INTRODUCTION

1.1.Report description

1.2.Key benefits for stakeholders

1.3.Key market segments

1.4.Research methodology

1.4.1.Secondary research

1.4.2.Primary research

1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings

2.1.1.Top impacting factors

2.1.2.Top investment pockets

2.2.CXO perspective

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

3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Increased awareness for extended warranty

3.3.1.2.Rise in penetration of laptops, smartphones, and tablets

3.3.2.Restraint

3.3.2.1.Declining sales of PCs

3.3.3.Opportunities

3.3.3.1.Expansion of products and services

3.3.3.2.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

3.4.6.Opportunity window

CHAPTER 4:EXTENDED WARRANTY MARKET, BY COVERAGE

4.1.Overview

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

5.1.Overview

5.2.Automobiles

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.Consumer Electronics

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.Home Appliances

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.Others

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

6.1.Overview

6.2.Manufacturers

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.Retailers

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.Others

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

7.1.Overview

7.2.Business

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.Individuals

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.Overview

8.1.1.Market size and forecast, by region

8.2.North America

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

8.2.6.1.U.S.

8.2.6.1.1.Market size and forecast, by coverage

8.2.6.1.2.Market size and forecast, by application

8.2.6.1.3.Market size and forecast, by distribution channel

8.2.6.1.4.Market size and forecast, by end user

8.2.6.2.Canada

8.2.6.2.1.Market size and forecast, by coverage

8.2.6.2.2.Market size and forecast, by application

8.2.6.2.3.Market size and forecast, by distribution channel

8.2.6.2.4.Market size and forecast, by end user

8.3.Europe

8.3.1.Key market trends, growth factors and opportunities

8.3.2.Market size and forecast, by coverage

8.3.3.Market size and forecast, by application

8.3.4.Market size and forecast, by distribution channel

8.3.5.Market size and forecast, by end user

8.3.6.Market analysis, by country

8.3.6.1.Germany

8.3.6.1.1.Market size and forecast, by coverage

8.3.6.1.2.Market size and forecast, by application

8.3.6.1.3.Market size and forecast, by distribution channel

8.3.6.1.4.Market size and forecast, by end user

8.3.6.2.UK

8.3.6.2.1.Market size and forecast, by coverage

8.3.6.2.2.Market size and forecast, by application

8.3.6.2.3.Market size and forecast, by distribution channel

8.3.6.2.4.Market size and forecast, by end user

8.3.6.3.France

8.3.6.3.1.Market size and forecast, by coverage

8.3.6.3.2.Market size and forecast, by application

8.3.6.3.3.Market size and forecast, by distribution channel

8.3.6.3.4.Market size and forecast, by end user

8.3.6.4.Italy

8.3.6.4.1.Market size and forecast, by coverage

8.3.6.4.2.Market size and forecast, by application

8.3.6.4.3.Market size and forecast, by distribution channel

8.3.6.4.4.Market size and forecast, by end user

8.3.6.5.Spain

8.3.6.5.1.Market size and forecast, by coverage

8.3.6.5.2.Market size and forecast, by application

8.3.6.5.3.Market size and forecast, by distribution channel

8.3.6.5.4.Market size and forecast, by end user

8.3.6.6.Netherlands

8.3.6.6.1.Market size and forecast, by coverage

8.3.6.6.2.Market size and forecast, by application

8.3.6.6.3.Market size and forecast, by distribution channel

8.3.6.6.4.Market size and forecast, by end user

8.3.6.7.Rest of Europe

8.3.6.7.1.Market size and forecast, by coverage

8.3.6.7.2.Market size and forecast, by application

8.3.6.7.3.Market size and forecast, by distribution channel

8.3.6.7.4.Market size and forecast, by end user

8.4.Asia-Pacific

8.4.1.Key market trends, growth factors and opportunities

8.4.2.Market size and forecast, by coverage

8.4.3.Market size and forecast, by application

8.4.4.Market size and forecast, by distribution channel

8.4.5.Market size and forecast, by end user

8.4.6.Market analysis, by country

8.4.6.1.China

8.4.6.1.1.Market size and forecast, by coverage

8.4.6.1.2.Market size and forecast, by application

8.4.6.1.3.Market size and forecast, by distribution channel

8.4.6.1.4.Market size and forecast, by end user

8.4.6.2.Japan

8.4.6.2.1.Market size and forecast, by coverage

8.4.6.2.2.Market size and forecast, by application

8.4.6.2.3.Market size and forecast, by distribution channel

8.4.6.2.4.Market size and forecast, by end user

8.4.6.3.India

8.4.6.3.1.Market size and forecast, by coverage

8.4.6.3.2.Market size and forecast, by application

8.4.6.3.3.Market size and forecast, by distribution channel

8.4.6.3.4.Market size and forecast, by end user

8.4.6.4.Australia

8.4.6.4.1.Market size and forecast, by coverage

8.4.6.4.2.Market size and forecast, by application

8.4.6.4.3.Market size and forecast, by distribution channel

8.4.6.4.4.Market size and forecast, by end user

8.4.6.5.South Korea

8.4.6.5.1.Market size and forecast, by coverage

8.4.6.5.2.Market size and forecast, by application

8.4.6.5.3.Market size and forecast, by distribution channel

8.4.6.5.4.Market size and forecast, by end user

8.4.6.6.Rest of Asia-Pacific

8.4.6.6.1.Market size and forecast, by coverage

8.4.6.6.2.Market size and forecast, by application

8.4.6.6.3.Market size and forecast, by distribution channel

8.4.6.6.4.Market size and forecast, by end user

8.5.LAMEA

8.5.1.Key market trends, growth factors and opportunities

8.5.2.Market size and forecast, by coverage

8.5.3.Market size and forecast, by application

8.5.4.Market size and forecast, by distribution channel

8.5.5.Market size and forecast, by end user

8.5.6.Market analysis, by country

8.5.6.1.Latin America

8.5.6.1.1.Market size and forecast, by coverage

8.5.6.1.2.Market size and forecast, by application

8.5.6.1.3.Market size and forecast, by distribution channel

8.5.6.1.4.Market size and forecast, by end user

8.5.6.2.Middle East

8.5.6.2.1.Market size and forecast, by coverage

8.5.6.2.2.Market size and forecast, by application

8.5.6.2.3.Market size and forecast, by distribution channel

8.5.6.2.4.Market size and forecast, by end user

8.5.6.3.Africa

8.5.6.3.1.Market size and forecast, by coverage

8.5.6.3.2.Market size and forecast, by application

8.5.6.3.3.Market size and forecast, by distribution channel

8.5.6.3.4.Market size and forecast, by end user

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.Introduction

9.1.1.Market player positioning, 2019

9.1.2.Top winning strategies

CHAPTER 10:COMPANY PROFILES

10.1.ASSURANT, INC.

10.1.1.Company overview

10.1.2.Key executive

10.1.3.Company snapshot

10.1.4.Operating business segments

10.1.5.Product portfolio

10.1.6.Business performance

10.1.7.Key strategic moves and developments

10.2.American International Group, Inc.

10.2.1.Company overview

10.2.2.Key executive

10.2.3.Company snapshot

10.2.4.Operating business segments

10.2.5.Product portfolio

10.2.6.Business performance

10.3.AXA

10.3.1.Company overview

10.3.2.Key executive

10.3.3.Company snapshot

10.3.4.Operating business segments

10.3.5.Product portfolio

10.3.6.Business performance

10.4.AmTrust Financial

10.4.1.Company overview

10.4.2.Key executive

10.4.3.Company snapshot

10.4.4.Product portfolio

10.4.1.Key strategic moves and developments

10.5.Asurion

10.5.1.Company overview

10.5.2.Key executive

10.5.3.Company snapshot

10.5.4.Product portfolio

10.6.CARCHEX

10.6.1.Company overview

10.6.2.Key executive

10.6.3.Company snapshot

10.6.4.Product portfolio

10.6.1.Key strategic moves and developments

10.7.CarShield, LLC

10.7.1.Company overview

10.7.2.Key executive

10.7.3.Company snapshot

10.7.4.Product portfolio

10.8.Endurance Warranty Services, LLC

10.8.1.Company overview

10.8.2.Key executive

10.8.3.Company snapshot

10.8.4.Product portfolio

10.8.1.Key strategic moves and developments

10.9.Edel Assurance

10.9.1.Company overview

10.9.2.Key executive

10.9.3.Company snapshot

10.9.4.Product portfolio

10.10.SquareTrade, Inc.

10.10.1.Company overview

10.10.2.Key executive

10.10.3.Company snapshot

10.10.4.Product portfolio

10.10.1.Key strategic moves and developments

……..and view more in complete table of Contents

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