openPR Logo
Press release

Extended Warranty Agreement Market To Witness Huge Gains Over 2023-2030 | Asurion, Allianz Global Assistance, Allstate (SquareTrade)

10-17-2023 02:54 PM CET | IT, New Media & Software

Press release from: Infinitybusinessinsights

Extended Warranty Agreement Market To Witness Huge Gains Over

The extended warranty agreement market has experienced significant growth in recent years, primarily driven by increased consumer demand for product protection and enhanced after-sales services. This market is characterized by the provision of extended warranties for a wide range of consumer electronics, appliances, and even automobiles. As consumers become increasingly reliant on these products in their daily lives, the need for additional coverage and support has risen, fostering the expansion of the extended warranty agreement market.

"The Extended Warranty Agreement market is estimated to grow at a CAGR of 8.6% between 2023 and 2030."

Get a free Sample Copy of Extended Warranty Agreement Market

Scope Of Extended Warranty Agreement Market

The scope of this analysis encompasses the global extended warranty agreement market, with a focus on key segments and industries. Regional analysis is crucial for understanding market dynamics, and values for regional contributions are included. North America, Europe, Asia-Pacific, and other regions are evaluated to provide a comprehensive perspective on the market's performance and potential growth opportunities.

Most Prominent Players in the Market are Asurion, Allianz Global Assistance, Allstate (SquareTrade), American International Group (AIG), Ally Financial, Assurant, Endurance Warranty Services, American Home Shield, Amtrust, Automobile Protection Corporation (APCO), CarShield, CARCHEX, Corporate Warranties India

This report segments the Extended Warranty Agreement Market on the basis of Types are:

Standard Protection Plan
Accidental Protection Plan

On the basis of Application, the Extended Warranty Agreement Market is segmented into:

Consumer Electronics
Home Appliances

Have Any Questions Regarding Global Extended Warranty Agreement Market Report, Ask Our Experts@-

Unlocking Regional Dynamics: In-Depth Insights into Extended Warranty Agreement Market Trends by Geography:

North America, valued at approximately $XX billion, sustains strong growth due to widespread adoption of extended warranties for consumer electronics and vehicles, with the United States being a dominant player. Europe, valued at around $XX billion, experiences steady expansion, driven by increased demand for warranties on electronic gadgets and appliances, with key contributors including Germany, the UK, and France. In the Asia-Pacific region, valued at approximately $XX billion, rapid adoption of consumer electronics and automobiles fuels growth, with emerging markets like China and India playing pivotal roles. Latin America, with a market value of about $XX billion, exhibits growth potential fueled by rising incomes, with Brazil, Mexico, and Argentina being prominent players. Lastly, the Middle East and Africa, valued at roughly $XX billion, show promise as the consumer electronics and automotive sectors expand, with the UAE, South Africa, and Saudi Arabia among the contributing nations. These market values are subject to change due to evolving market conditions and consumer preferences.

Extended Warranty Agreement Market Challenges and Risks:

However, this market is not without its challenges and risks. The primary challenge is the skepticism surrounding the value of extended warranties. Consumers often debate whether the cost of these warranties justifies the potential benefits, leading to a certain degree of market resistance. Additionally, regulatory and compliance issues can pose risks, as different regions may have varying regulations governing the sale and administration of extended warranties.

Extended Warranty Agreement Market - Covid-19 Impact and Recovery Analysis:

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain including Extended Warranty Agreement industry. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Extended Warranty Agreement. This report on Extended Warranty Agreement Market provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation in the Extended Warranty Agreement industry.         

Get Exclusive Offer with 20% Discount on This Report:

Research Methodology Of Extended Warranty Agreement Market

The research methodology employed in this market analysis is a combination of extensive primary and secondary research. Primary research involved interviews with key industry stakeholders, including manufacturers, service providers, and consumers, while secondary research included an in-depth analysis of industry reports, market databases, and other relevant sources.

About Us:
Infinity Business Insights is a market research company that offers market and business research intelligence all around the world. We are specialized in offering services in various industry verticals to recognize their highest-value chance, address their most analytical challenges, and alter their work.

Contact Us:

Sales Co-Ordinator

International: +1-518-300-3575



This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Extended Warranty Agreement Market To Witness Huge Gains Over 2023-2030 | Asurion, Allianz Global Assistance, Allstate (SquareTrade) here

News-ID: 3253400 • Views:

More Releases from Infinitybusinessinsights

Automotive End-Point Authentication Market Momentum analyzes an in-depth survey of top companies and forecasts |Continental, Fitbit, Fujitsu
Automotive End-Point Authentication Market Momentum analyzes an in-depth survey …
Automotive end-point authentication refers to the process of verifying the identity of users or devices accessing the endpoints in automotive systems, such as vehicles, through various authentication methods. With the increasing integration of advanced technologies, including connected car systems, autonomous driving, and in-vehicle infotainment systems, the need for robust end-point authentication solutions in the automotive industry is becoming paramount. These solutions help prevent unauthorized access, mitigate cybersecurity threats, and safeguard
Connected Car Devices Market Revolution 2024 Vision Outlook and Innovation Spotlight by 2030 |Continental AG, Delphi Automotive PLC, Denso Corporation
Connected Car Devices Market Revolution 2024 Vision Outlook and Innovation Spotl …
The connected car devices market has experienced substantial growth in recent years, primarily driven by advancements in automotive technology and the increasing demand for connectivity solutions in vehicles. Connected car devices encompass a wide range of technologies designed to enhance the driving experience, improve safety, provide entertainment, and enable vehicle-to-vehicle communication. These devices include infotainment systems, telematics units, connected sensors, in-car Wi-Fi hotspots, and various applications integrated into the vehicle's
Rubber Molding for Automotive Components and Sub-Components Market Exploration Dynamics through 2030 Growth Trends and Key Player Insights |ContiTech AG, Freudenberg, Sumitomo Riko
Rubber Molding for Automotive Components and Sub-Components Market Exploration D …
Rubber molding plays a crucial role in the automotive industry, providing components and sub-components essential for vehicle performance, safety, and comfort. These components include seals, gaskets, hoses, bushings, and vibration isolators, among others. Rubber molding techniques such as injection molding, compression molding, and transfer molding are utilized to manufacture these parts, ensuring durability, flexibility, and resistance to environmental factors and chemicals commonly encountered in automotive applications. The worldwide Rubber Molding for
Leather Seat Covers Market Resurgence 2024 Future Prediction and Pioneering Development Quest |FH Group, Clazzio, RealTruck
Leather Seat Covers Market Resurgence 2024 Future Prediction and Pioneering Deve …
The leather seat covers market encompasses a range of products designed to enhance the aesthetic appeal, comfort, and durability of vehicle interiors. Leather seat covers are popular among vehicle owners seeking luxurious and premium upholstery options for their cars, trucks, and motorcycles. These seat covers are available in various designs, colors, and textures, catering to diverse consumer preferences. The market for leather seat covers is driven by factors such as

All 5 Releases

More Releases for Warranty

Home Warranty Provider Market Is Booming Worldwide With The Warranty Group, Land …
Latest business intelligence report released on Global Home Warranty Provider Market, covers different industry elements and growth inclinations that helps in predicting market forecast. The report allows complete assessment of current and future scenario scaling top to bottom investigation about the market size, % share of key and emerging segment, major development, and technological advancements. Also, the statistical survey elaborates detailed commentary on changing market dynamics that includes market growth
Extended Warranty Market May See Exponential Growth Ahead | Major Giants Assuran …
Global Extended Warranty Market Status, Trends and COVID-19 Impact Report 2021 is latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities and leveraged with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Extended Warranty Market. Some of the key players profiled in the study are Corporate Warranties
Extended Warranty now Available
Calibre UK Ltd a subsidiary of the Coretronic Corporation of Taiwan is pleased to announce the launch of its new extended warranty program for the Calibre HQView, LEDView, HQUltra and HQPro series of Switcher-Scalers. These ranges are already supplied with a 3 year RTB warranty from the factory and from today customers are able to easily extend that warranty at their time of purchase from 3 to 5 years for a
Snom Technology GmbH extends warranty
Berlin, 5 July 2018 – Snom, the Berlin-based specialist in IP telecommunications, continues to expand its customer service and extends its guaranteed warranty period for all products ordered after 1 July 2018 from two to three years. The IP phones from Snom have always proven to be a popular choice thanks to a variety of features, excellent audio quality, sophisticated firmware offers ¬– and last but not least, a particularly high-quality
NeuroTags Introduces Paperless Warranty Card
NeuroTags has started providing a solution for manufacturers to manage and renew the warranty of their products, this, in turn, helps in increasing customer satisfaction level and trust in the product. “Customers usually misplace the warranty cards and their frustration increases with the brands when they do not find the cards for warranty claim. This is very damaging for any brand”, says Nitin. “NeuroTags has come up with a unique
New Generation Warranty Management Systems – What Makes them Better than Tradi …
New generation warranty management systems are the perfect combination of the latest technology platforms and business processes, and are a way to help product manufacturers in improving their warranty management activities. These warranty management systems present the opportunity of improving cost saving, customer satisfaction, and product quality. The rise of the manufacturing sector across the globe, and the cutthroat competition in the consumer goods market are the chief factors leading