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
Report Attribute
Details
Market Value in 2021
USD 49.2 BN
Market Value in 2028
USD 112.03 BN
CAGR
14.7%
Benchmarking Year
2021
Past data
2016 – 2021
Forecast period
2022 – 2028
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Segmentation of Global Consumer Electronics Extended Warranty Market-
Global Consumer Electronics Extended Warranty Market – By Product Types
Global Consumer Electronics Extended Warranty Market – By Distribution Channel
Global Consumer Electronics Extended Warranty Market – By Coverage Types
Why to Buy This Report-
Table of Content
1. Preface
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
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Consumer Electronics Extended Warranty Market
3. Market Dynamics & Factors Analysis
3.1. Introduction
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)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Consumer Electronics Extended Warranty Market, by Coverage Types, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Standard Protection Plan
6.2.3. Accidental Protection Plan
6.2.4. Others
6.3. North America Consumer Electronics Extended Warranty Market, by Distribution Channels, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. Manufacturers
6.3.3. Retailers
6.3.4. Others
6.4. North America Consumer Electronics Extended Warranty Market, by Product Types, 2016-2028(US$ Bn)
6.4.1. Overview
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
6.4.7. Other
7. Europe
……….
8. Asia Pacific
………..
9. Latin America
……..
10. Middle East
…………
11. Africa
………
12. Global
13. Company Profiles
13.1. Amazon.com Inc.
13.2. Assurant Inc.
13.3. AmTrust Financial
13.4. AXA
13.5. Asurion
13.6. Go Warranty & Services LLP
13.7. OnPoint Warranty
13.8. SquareTrade Inc.
13.9. Securranty
13.10. OneAssist Consumer Solutions Pvt. Ltd.
13.11. Others
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