Securing Confidence: U.S. Extended Warranty Market Poised for $59.52 Billion Growth by 2028

According to a recent report published by Allied Market Research, titled, "U.S. Extended Warranty Market By Coverage Type, Distribution Channel, End User, Device Type and Service Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2028", the U.S. extended warranty market size was valued at $48.93 billion in 2019, and is projected to reach $59.52 billion by 2028, growing at a CAGR of 4.6% from 2020 to 2028.

➡️𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂
https://www.alliedmarketresearch.com/request-sample/A11844

Rise in adoption of smartphones and surge in demand for extended warranties drive the growth of the U.S. extended warranty market. However, decline in sales of computers hinders the market growth. On the contrary, increase in demand for innovative products would open new opportunities for the market players in the future.

Covid-19 Scenario:

The Covid-19 outbreak has a positive impact on the extended warranty market as people realized its importance in their lives, especially in unforeseen situations such as the Covid-19 pandemic.
In addition, reopening of international tourism, essential of car components coverage, and awareness of extended warranty among consumers would open new opportunities post-pandemic.

➡️𝐁𝐮𝐲 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐞𝐝 𝐏𝐫𝐢𝐜𝐞 @
https://www.alliedmarketresearch.com/checkout-final/3cb0d580c4f22c2d67885a6dd73bf0ad?utm_source=AMR&utm_medium=research&utm_campaign=P19623

The report segments the U.S. extended warranty market on the basis of coverage type, distribution channel, end user, device type, and service type.

Based on coverage type, the standard protection plan segment held the largest share in 2019, contributing to around three-fifths of the market. However, the accidental protection plan segment is estimated to portray the highest CAGR of 6.0% from 2020 to 2028.

On the basis of distribution channel, the retailers segment is projected to manifest the highest CAGR of 5.3% during the forecast period. However, the manufacturers segment held the lion's share in 2020, accounting for more than half of the market.

Based on service type, the auto warranty segment held the largest share in 2019, contributing to more than two-fifths of the market. However, the home warranty segment is estimated to register the highest CAGR of 5.5% during the forecast period.

The U.S. extended warranty market includes an in-depth analysis of the prime market players such as American International Group Inc., AS

Factors such as increased awareness for extended warranty, rise in penetration of laptops, smartphones, and tablets. In addition, rise in need for advanced promotional strategies, and growth associated with e-commerce industry drives the growth of the U.S. extended warranty market.

➡️𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐖𝐞 𝐨𝐟𝐟𝐞𝐫 𝐜𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐬 𝐩𝐞𝐫 𝐲𝐨𝐮𝐫 𝐫𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭 :
https://www.alliedmarketresearch.com/request-for-customization/A11844

Key Findings of the Study

By coverage, the standard protection plan generated the highest revenue in 2019.
By distribution channel, the manufacturers segment generated the highest revenue in 2019.

Some of the key U.S. extended warranty players profiled in the report ASSURANT INC., American International Group Inc., AmTrust Financial, Asurion. CARCHEX, CarShield LLC, Endurance Warranty Services LLC, Liberty Bell Auto Protect, Protect My Car, and SquareTrade Inc. This study includes U.S. extended warranty market trends, market analysis, and future estimations to determine the imminent investment pockets

➡️𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/A11844

The accidental protection plan segment is expected to experience significant growth in the coming years, owing to surge in accidental damages to devices has led to rise in demand for accidental protection plan coverage's. Many of the largest mobile & computing brands retailers and telecom carriers have started offering accidental protection plans in order to provide safety to devices from mishaps, which results in building brand loyalty, consumer relationship, and in improving the revenue of the company. Therefore, all the aforementioned factors fuel the market growth for accidental protection plans.

➡️𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 :
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