Global Consumer Electronics Extended Warranty Market: A Study of Changing Market Dynamics, Growth, Future Prospects & Analysis, 2016 – 2028
The latest market report published by Credence Research, Inc. is “Global Consumer Electronics Extended Warranty Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028″. The Global Consumer Electronics Extended Warranty Market generated revenue of around USD 49.2 billion in 2021 and is anticipated to grow a CAGR of over 14.7% during the forecast period from 2022 to 2028 to reach around USD 112.03 billion in 2028. At the same time, cumulative growth opportunity presented by the global consumer electronics extended warranty market is around USD 62.83 billion during 2022 to 2028.
The industry is growing due to increased awareness of extended warranties for brown goods, including as computers, smartphones, household appliances and tablets. Consumers are frequently concerned about the safety of their electronic products after the seller’s warranty has expired, owing to the high price of many products. As a result, offering an extended warranty helps to rebuild consumer loyalty, and increased awareness of the extended warranty is driving the market growth. Moreover, rising consumer electronics, home appliances, and wearable device sales in emerging nations are expected to create lucrative opportunities during the forecast period.
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The global consumer electronics extended warranty market is divided into Product Type, Distribution Channel, Coverage Type, and Geography. Based on product type the market is categorized into laptops & PCs, mobiles & tablets, home entertainment devices, heating & cooling equipment, kitchen equipment and others. On the basis of distribution channel, the global market is segmented into manufacturers, retailers, and others. Based on the coverage type, the market is bifurcated as standard protection and accidental protection plans. On the basis of geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Global Consumer Electronics Extended Warranty Market Scope
Market Value in 2021
USD 49.2 BN
Market Value in 2028
USD 112.03 BN
2016 – 2021
2022 – 2028
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Segmentation of Global Consumer Electronics Extended Warranty Market-
Global Consumer Electronics Extended Warranty Market – By Product Types
- Laptops & PCs
- Mobiles & Tablets
- Home Entertainment Devices
- Heating & Cooling equipment
- Kitchen equipment
Global Consumer Electronics Extended Warranty Market – By Distribution Channel
Global Consumer Electronics Extended Warranty Market – By Coverage Types
- Standard Protection Plan
- Accidental Protection Plan
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global consumer electronics extended warranty market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the previous period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global market segmentation on the basis of product type, distribution channel, and coverage type.
- The report includes comprehensive and authentic data for all factors such as supply and demand, CAGR, consumer purchasing trends, and several others.
- The global consumer electronics extended warranty market report also includes the analysis of the market at a global, regional, and country level along with key market trends, major players analysis, market growth strategies, and key application areas.
Table of Content
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
126.96.36.199. Top-Down Approach
188.8.131.52. Bottom-Up Approach
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Consumer Electronics Extended Warranty Market
3. Market Dynamics & Factors Analysis
3.1.1. Global Consumer Electronics Extended Warranty Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Coverage Types
3.3.2. Distribution Channels
3.3.3. Product Types
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players
5. COVID 19 Impact Analysis
5.1. Global Consumer Electronics Extended Warranty Market Pre Vs Post COVID 19, 2019 – 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Consumer Electronics Extended Warranty Market, by Country, 2016-2028(US$ Bn)
6.2. North America Consumer Electronics Extended Warranty Market, by Coverage Types, 2016-2028(US$ Bn)
6.2.2. Standard Protection Plan
6.2.3. Accidental Protection Plan
6.3. North America Consumer Electronics Extended Warranty Market, by Distribution Channels, 2016-2028(US$ Bn)
6.4. North America Consumer Electronics Extended Warranty Market, by Product Types, 2016-2028(US$ Bn)
6.4.2. Laptops & PCs
6.4.3. Mobiles & Tablets
6.4.4. Home Entertainment Devices
6.4.5. Heating & Cooling equipment
6.4.6. Kitchen equipment
8. Asia Pacific
9. Latin America
10. Middle East
13. Company Profiles
13.1. Amazon.com Inc.
13.2. Assurant Inc.
13.3. AmTrust Financial
13.6. Go Warranty & Services LLP
13.7. OnPoint Warranty
13.8. SquareTrade Inc.
13.10. OneAssist Consumer Solutions Pvt. Ltd.
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