US Extended Warranty Market Expected to Show Robust Growth Between 2020 and 2028 | New


DUBLIN, December 6, 2021 / PRNewswire / – The “US Extended Warranty Market by Coverage Type, Distribution Channel, End User, Device Type and Service Type: US Opportunity Analysis and Industry Forecast, 2020-2028” the report was added to ResearchAndMarkets.com‘s offer.

The US extended warranties market is expected to show robust growth during the forecast period.

The major factors impacting the growth of the market include increased awareness of warranty extension, increased penetration of laptops, smartphones and tablets. In addition, the increasing need for advanced promotional strategies and the growth associated with the e-commerce industry is driving the growth of the United States Extended Warranty Market.

In addition, the decline in PC sales is the main constraint hindering the growth of the market. Moreover, the innovative services offered by the leading players in extended warranty and increasing demand for extended warranty coverage in automobiles are expected to drive the market growth in the future.

However, each of these factors is expected to have a definite impact on the overall growth of the market during the forecast period.

The US market is segmented into Coverage Type, Distribution Channel, End User, Device Type, Service Type, and Region. Based on the type of cover, it is classified into standard protection plan and accident protection plan.

On the basis of distribution channel, the market is categorized into manufacturers, retailers, and others. According to the end user, it is separated into companies and individuals. By device type, the market is divided into automobiles, consumer electronics, home appliances, mobile and PC devices, and others. On the basis of type of service, the market is divided into in-home warranty, automobile warranty, business equipment warranty, and others.

Market players operating in the US extended warranties market include 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.

Key segments of the U.S. extended warranty market

By cover

  • Standard protection plan
  • Accident protection plan

By distribution channel

  • Manufacturers
  • Retailers
  • Others

By end user

By device type

  • Cars
  • Consumer electronics
  • Household appliances
  • Mobile devices and PC
  • Others

By type of service

  • Home warranty
  • Automatic guarantee
  • Company equipment warranty
  • Others

Key market players

  • ASSURANT INC.
  • American International Group Inc.
  • AmTrust Financial
  • Asurion
  • CARCHEX
  • CarShield LLC
  • Endurance WarrantyServices LLC
  • Liberty Bell Auto Protect
  • Protect My car
  • SQUARETRADE Inc.

Main topics covered:

Market Snapshot

  • Definition and scope of the market
  • Key Forces Shaping the U.S. Extended Warranty Market
  • Market dynamics
  • Conductors
  • Strong adoption of smartphones
  • Increase demand for extended warranties
  • Constraints
  • Decline in PC sales
  • Opportunities
  • Growing demand for innovative products
  • Impact analysis of Covid-19 on the US extended warranty market
  • Impact on market size
  • Consumer trends, preferences and budget impact
  • Economic impact
  • Strategies to tackle the negative impact
  • Window of opportunity

U.S. Extended Warranty Market, By Type

U.S. Extended Warranty Market, By Distribution Channel

U.S. Extended Warranty Market, By End User

U.S. Extended Warranty Market, by Device Type

U.S. Extended Warranty Market, by Service Type

Competitive landscape

  • Positioning analysis of key players, 2020
  • Best winning strategies
  • Competitive scoreboard

Company Profile

  • Company presentation
  • Key executive
  • Company overview
  • Operational business sectors
  • Product portfolio
  • Company performance
  • Key strategic movements and developments

For more information on this report, visit https://www.researchandmarkets.com/r/sk3psx

Media contact:

Research and markets

Laura Wood, senior

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SOURCE Research and Markets


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