An extended warranty, sometimes called a service agreement, a service contract, or a maintenance agreement, is a prolonged warranty offered to consumers in addition to the standard warranty on new items.
This report contains market size and forecasts of Extended Warranty in Global, including the following market information:
Global Extended Warranty Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Extended Warranty market was valued at 103120 million in 2021 and is projected to reach US$ 151280 million by 2028, at a CAGR of 5.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Standard Protection Plan Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Extended Warranty include Allianz Global Assistance, American International Group, Inc., Amtrust Financial Services, Inc., Asurion LLC, Chubb Limited, Assurant, Inc., SquareTrade, Inc., The Warranty Group, Inc. and Advanced American Auto Warranty Services LLC and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Extended Warranty companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Extended Warranty Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Extended Warranty Market Segment Percentages, by Type, 2021 (%)
Standard Protection Plan
Accidental Protection Plan
Global Extended Warranty Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Extended Warranty Market Segment Percentages, by Application, 2021 (%)
Laptops and PCs
Mobile Devices
Wearables
Others
Global Extended Warranty Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Extended Warranty Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Extended Warranty revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Extended Warranty revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Allianz 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