Published on: July 22, 2021
Categorized under the IT consulting & services industry the extended warranty market will register steady growth during 2021-2025. The market’s growth will be mainly driven by the growing penetration of smartphones, laptops, and home appliances.
ASSURANT INC., American International Group Inc., AmTrust Financial, CarShield LLC, Endurance Warranty Services LLC, SquareTrade Inc., and Edel Assurance are some of the major extended warranty vendors.
The extended warranty market forecast provides a comprehensive analysis on the market based on coverage (Standard Protection Plan and Accidential Protection Plan) and geography (North America, Europe, APAC, Latin America, and Middle East and Africa).
The country-level analysis provided by this extended warranty market report also offers insights on the market’s growth in the key countries the vendors should focus on.
The market’s competitive environment is quite intense. The favorable growth opportunities will further intensify the level of competition among vendors.
Key extended warranty market trends such as the opportunities from developing economies will have a significant impact on the growing demand for extended warranty. The growing penetration of smartphones, laptops, and home appliances will also influence market growth.
The unit shipment for personal computers (PC) declined globally, thus declining the sales of PCs and this will pose as a major challenge for vendors.
Some of the key extended warranty market vendors covered in this report include:
Vendors are focusing on new growth strategies to survive in this competitive market and increase their market share. With a detailed analysis of the competitive environment, the report will help companies identify growth opportunities and factors that will obstruct their market entry in different regions.
Covering key aspects including business expansions, collaborations and partnerships, and entry barriers for new players, this report will help vendors identify new growth opportunities and design strategies before venturing into new product and service segments. The report also provides details on market challenges that will restrict market growth.
Need a Regional, Service or Product-specific Analysis? We can customize this report to meet your requirements
LinkedIn
Facebook 
Twitter
Email
Reddit
Tumblr
Quora
Pinterest
WhatsApp