India Consumer Electronics Extended Warranty Market to $1502.38 Billion by 2031, Huge Opportunity For Investors

The India consumer electronics extended warranty market is analyzed across product type, distribution channel, and coverage type. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

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Covid-19 scenario:

► The consumer electronics extended warranty market in India was negatively impacted by the rising economic uncertainty caused by the pandemic.

► Due to factors such as job losses, pay cuts, and financial instability, consumers became more cautious in their spending. Consequently, the sales of consumer goods such as appliances, electronics, and durable goods decreased. However, the market has recovered from the pandemic's effects and is now back on track.

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By product type, the mobile & tablets segment held the largest share in 2021, garnering around one-third of the India consumer electronics extended warranty market revenue, and is projected to maintain its dominance by 2031. The kitchen equipment segment, on the other hand, would showcase the fastest CAGR of 21.2% during the forecast period. The laptop & PCs, home entertainment devices, heating & cooling equipment, and others segments are also discussed in the report.

By distribution channel, the retailers segment contributed to nearly two-thirds of the India consumer electronics extended warranty market share in 2021, and is projected to rule the roost by 2031. The others segment, simultaneously, would display the fastest CAGR of 19.2% throughout the forecast period. The manufacturers segment is also discussed in the report.

By coverage type, the standard protection plan segment accounted for the highest share in 2021, generating more than three-fifths of the India consumer electronics extended warranty market revenue. The accidental protection plan segment, simultaneously, would portray the fastest CAGR of 18.7% during the forecast period.

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Key Market Players:

► Amazon.com, Inc.

► OnPoint Warranty

► Flipkart

► ACKO General Insurance Limited

► Servify

► Zopper

► AXA

► Onesitego

► Securranty

► AmTrust Financial

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