Extended Warranty Market Insights, Global Outlook and Forecast 2022-2028
An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items.
The latest research study released by Market IntelliX evaluates market size and forecasts of Extended Warranty in Global, including the following market information:
Global Extended Warranty Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Extended Warranty market was valued at 103120 million in 2021 and is projected to reach US$ 151280 million by 2028, at a CAGR of 5.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Standard Protection Plan Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Extended Warranty include Allianz Global Assistance, American International Group, Inc., Amtrust Financial Services, Inc., Asurion LLC, Chubb Limited, Assurant, Inc., SquareTrade, Inc., The Warranty Group, Inc. and Advanced American Auto Warranty Services LLC and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MI has surveyed the Extended Warranty companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Market Segmentations:
Global Extended Warranty Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Extended Warranty Market Segment Percentages, by Type, 2021 (%)
Standard Protection Plan
Accidental Protection Plan
Global Extended Warranty Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Extended Warranty Market Segment Percentages, by Application, 2021 (%)
Laptops and PCs
Mobile Devices
Wearables
Others
Global Extended Warranty Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Extended Warranty Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Extended Warranty revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Extended Warranty revenues share in global market, 2021 (%)
The report presents profiles of competitors in the market, Some of the prominent key players covered:
Allianz Global Assistance
American International Group, Inc.
Amtrust Financial Services, Inc.
Asurion LLC
Chubb Limited
Assurant, Inc.
SquareTrade, Inc.
The Warranty Group, Inc.
Advanced American Auto Warranty Services LLC
Corporate Warranties India Pvt. Ltd
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
1 Introduction to Research & Analysis Reports
1.1 Extended Warranty Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global Extended Warranty Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global Extended Warranty Overall Market Size
2.1 Global Extended Warranty Market Size: 2021 VS 2028
2.2 Global Extended Warranty Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top Extended Warranty Players in Global Market
3.2 Top Global Extended Warranty Companies Ranked by Revenue
3.3 Global Extended Warranty Revenue by Companies
3.4 Top 3 and Top 5 Extended Warranty Companies in Global Market, by Revenue in 2021
3.5 Global Companies Extended Warranty Product Type
3.6 Tier 1, Tier 2 and Tier 3 Extended Warranty Players in Global Market
3.6.1 List of Global Tier 1 Extended Warranty Companies
3.6.2 List of Global Tier 2 and Tier 3 Extended Warranty Companies
4 Market Sights by Product
4.1 Overview
4.1.1 by Type - Global Extended Warranty Market Size Markets, 2021 & 2028
4.1.2 Standard Protection Plan
4.1.3 Accidental Protection Plan
4.2 By Type - Global Extended Warranty Revenue & Forecasts
4.2.1 By Type - Global Extended Warranty Revenue, 2017-2022
4.2.2 By Type - Global Extended Warranty Revenue, 2023-2028
4.2.3 By Type - Global Extended Warranty Revenue Market Share, 2017-2028
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global Extended Warranty Market Size, 2021 & 2028
5.1.2 Laptops and PCs
5.1.3 Mobile Devices
5.1.4 Wearables
5.1.5 Others
5.2 By Application - Global Extended Warranty Revenue & Forecasts
5.2.1 By Application - Global Extended Warranty Revenue, 2017-2022
5.2.2 By Application - Global Extended Warranty Revenue, 2023-2028
5.2.3 By Application - Global Extended Warranty Revenue Market Share, 2017-2028
6 Sights by Region
6.1 By Region - Global Extended Warranty Market Size, 2021 & 2028
6.2 By Region - Global Extended Warranty Revenue & Forecasts
6.2.1 By Region - Global Extended Warranty Revenue, 2017-2022
6.2.2 By Region - Global Extended Warranty Revenue, 2023-2028
6.2.3 By Region - Global Extended Warranty Revenue Market Share, 2017-2028
6.3 North America
6.3.1 By Country - North America Extended Warranty Revenue, 2017-2028
6.3.2 US Extended Warranty Market Size, 2017-2028
6.3.3 Canada Extended Warranty Market Size, 2017-2028
6.3.4 Mexico Extended Warranty Market Size, 2017-2028
6.4 Europe
6.4.1 By Country - Europe Extended Warranty Revenue, 2017-2028
6.4.2 Germany Extended Warranty Market Size, 2017-2028
6.4.3 France Extended Warranty Market Size, 2017-2028
6.4.4 U.K. Extended Warranty Market Size, 2017-2028
6.4.5 Italy Extended Warranty Market Size, 2017-2028
6.4.6 Russia Extended Warranty Market Size, 2017-2028
6.4.7 Nordic Countries Extended Warranty Market Size, 2017-2028
6.4.8 Benelux Extended Warranty Market Size, 2017-2028
6.5 Asia
6.5.1 By Region - Asia Extended Warranty Revenue, 2017-2028
6.5.2 China Extended Warranty Market Size, 2017-2028
6.5.3 Japan Extended Warranty Market Size, 2017-2028
6.5.4 South Korea Extended Warranty Market Size, 2017-2028
6.5.5 Southeast Asia Extended Warranty Market Size, 2017-2028
6.5.6 India Extended Warranty Market Size, 2017-2028
6.6 South America
6.6.1 By Country - South America Extended Warranty Revenue, 2017-2028
6.6.2 Brazil Extended Warranty Market Size, 2017-2028
6.6.3 Argentina Extended Warranty Market Size, 2017-2028
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa Extended Warranty Revenue, 2017-2028
6.7.2 Turkey Extended Warranty Market Size, 2017-2028
6.7.3 Israel Extended Warranty Market Size, 2017-2028
6.7.4 Saudi Arabia Extended Warranty Market Size, 2017-2028
6.7.5 UAE Extended Warranty Market Size, 2017-2028
7 Players Profiles
7.1 Allianz Global Assistance
7.1.1 Allianz Global Assistance Corporate Summary
7.1.2 Allianz Global Assistance Business Overview
7.1.3 Allianz Global Assistance Extended Warranty Major Product Offerings
7.1.4 Allianz Global Assistance Extended Warranty Revenue in Global Market (2017-2022)
7.1.5 Allianz Global Assistance Key News
7.2 American International Group, Inc.
7.2.1 American International Group, Inc. Corporate Summary
7.2.2 American International Group, Inc. Business Overview
7.2.3 American International Group, Inc. Extended Warranty Major Product Offerings
7.2.4 American International Group, Inc. Extended Warranty Revenue in Global Market (2017-2022)
7.2.5 American International Group, Inc. Key News
7.3 Amtrust Financial Services, Inc.
7.3.1 Amtrust Financial Services, Inc. Corporate Summary
7.3.2 Amtrust Financial Services, Inc. Business Overview
7.3.3 Amtrust Financial Services, Inc. Extended Warranty Major Product Offerings
7.3.4 Amtrust Financial Services, Inc. Extended Warranty Revenue in Global Market (2017-2022)
7.3.5 Amtrust Financial Services, Inc. Key News
7.4 Asurion LLC
7.4.1 Asurion LLC Corporate Summary
7.4.2 Asurion LLC Business Overview
7.4.3 Asurion LLC Extended Warranty Major Product Offerings
7.4.4 Asurion LLC Extended Warranty Revenue in Global Market (2017-2022)
7.4.5 Asurion LLC Key News
7.5 Chubb Limited
7.5.1 Chubb Limited Corporate Summary
7.5.2 Chubb Limited Business Overview
7.5.3 Chubb Limited Extended Warranty Major Product Offerings
7.5.4 Chubb Limited Extended Warranty Revenue in Global Market (2017-2022)
7.5.5 Chubb Limited Key News
7.6 Assurant, Inc.
7.6.1 Assurant, Inc. Corporate Summary
7.6.2 Assurant, Inc. Business Overview
7.6.3 Assurant, Inc. Extended Warranty Major Product Offerings
7.6.4 Assurant, Inc. Extended Warranty Revenue in Global Market (2017-2022)
7.6.5 Assurant, Inc. Key News
7.7 SquareTrade, Inc.
7.7.1 SquareTrade, Inc. Corporate Summary
7.7.2 SquareTrade, Inc. Business Overview
7.7.3 SquareTrade, Inc. Extended Warranty Major Product Offerings
7.7.4 SquareTrade, Inc. Extended Warranty Revenue in Global Market (2017-2022)
7.7.5 SquareTrade, Inc. Key News
7.8 The Warranty Group, Inc.
7.8.1 The Warranty Group, Inc. Corporate Summary
7.8.2 The Warranty Group, Inc. Business Overview
7.8.3 The Warranty Group, Inc. Extended Warranty Major Product Offerings
7.8.4 The Warranty Group, Inc. Extended Warranty Revenue in Global Market (2017-2022)
7.8.5 The Warranty Group, Inc. Key News
7.9 Advanced American Auto Warranty Services LLC
7.9.1 Advanced American Auto Warranty Services LLC Corporate Summary
7.9.2 Advanced American Auto Warranty Services LLC Business Overview
7.9.3 Advanced American Auto Warranty Services LLC Extended Warranty Major Product Offerings
7.9.4 Advanced American Auto Warranty Services LLC Extended Warranty Revenue in Global Market (2017-2022)
7.9.5 Advanced American Auto Warranty Services LLC Key News
7.10 Corporate Warranties India Pvt. Ltd
7.10.1 Corporate Warranties India Pvt. Ltd Corporate Summary
7.10.2 Corporate Warranties India Pvt. Ltd Business Overview
7.10.3 Corporate Warranties India Pvt. Ltd Extended Warranty Major Product Offerings
7.10.4 Corporate Warranties India Pvt. Ltd Extended Warranty Revenue in Global Market (2017-2022)
7.10.5 Corporate Warranties India Pvt. Ltd Key News
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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