Global Extended Warranty Market 2016-2018 & 2026: Market Estimated to Surpass $50 Billion - ResearchAndMarkets.com
Aug. 31, 2018
DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Extended Warranty Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global extended warranty market for consumer electronics is estimated to hit US$ 50.2 Bn by 2026.
The most prominent factor driving the extended warranty market is growing focus on the part of consumers to extend the warranty coverage validity. Consumers are often worried about the safety of their electronic products post expiry of manufacturers or sellers warranty. This concern is due to the fact that many of the products have a hefty price tag associated with it at the time of purchase. Moreover, providing extended warranty also helps in rebuilding customer loyalty.
Increased market competition and rising prices of raw materials continue to imply pressure on profit margins of manufacturers as well as retailers of consumer electronic products. In such competitive environment, extended warranty solutions are continuously evolving and offering new opportunities to match consumers' demand.
Furthermore, in order to offer value added services to their customers, some of the leading players in the banking, financial services and insurance industry have been incorporating extended warranty solutions into their product offerings. This is helping manufacturers and retailers to gain confidence of buyers and support their profit margins. Thereby, such agreements and partnerships have been working in the favor of the banking solution providers, extended warranty solution providers and the customers as well.
However, declining sales of PCs is one of the factors impacting the extended warranty market negatively. The unit shipment for PCs have been on the decline globally. This decline in the sale of PCs units is expected to limit the growth of extended warranty market.
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Extended Warranty Market for Consumer Electronics Analysis, By Product Type, 2016 - 2026
Chapter 5 Global Extended Warranty Market for Consumer Electronics Analysis, By Warranty Coverage Type, 2016 - 2026
Chapter 6 North America Extended Warranty Market for Consumer Electronics Analysis, 2016 - 2026
Chapter 7 Europe Extended Warranty Market for Consumer Electronics Analysis, 2016 - 2026
Chapter 8 Asia Pacific Extended Warranty Market for Consumer Electronics Analysis, 2016 - 2026
Chapter 9 Rest of the World (RoW) Extended Warranty Market for Consumer Electronics Analysis, 2016 - 2026
Chapter 10 Company ProfilesAllianz Global Assistance American International Group, Inc. Amtrust Financial Services, Inc. Asurion LLC, Chubb Limited Assurant, Inc. SquareTrade, Inc. The Warranty Group, Inc. Advanced American Auto Warranty Services LLC Corporate Warranties India Pvt. Ltd Chubb Limited
For more information about this report visit https://www.researchandmarkets.com/research/mfg6cn/global_extended?w=4
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Related Topics:Consumer Electronics
INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS
SOURCE: Research and Markets
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PUB: 08/31/2018 05:21 AM/DISC: 08/31/2018 05:21 AM