The global extended warranty market is expected to reach 268 billion USD by 2031 due to the growing demand for consumer protection.
The global extended warranty market continues to expand, with revenues reaching approximately \$129.7 billion in 2022. Recent market analysis predicts that the market will grow at a robust compound annual growth rate (CAGR) of 8.4% during the forecast period starting from 2022. By 2031, it is expected to ultimately reach \$268 billion. Extended warranty services play a crucial role in providing consumers with additional peace of mind and protection against unexpected expenses related to product defects and failures. With the increasing complexity and cost of consumer goods, extended warranties have become a common option to protect investments and ensure long-term satisfaction with purchases. You can check the application method by clicking the [PDF Download] button or apply directly through the related links.
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Overview of Segmentation The global extended warranty market is classified based on coverage, sales channels, applications, end-users, and regions. By Coverage Standard Protection Plan Accidental Protection Plan By Sales Channel Manufacturers Retailers Others By Application Automobiles Consumer Electronics Home Appliances Mobile Devices and PCs Others By End User Individuals Businesses Key Companies: AXA CarShield Assurant Inc. AmTrust Financial American International Group Inc. CARCHEX Asurion Endurance Warranty Services LLC SquareTrade Inc. Edel Assurance
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