United States Extended Warranty Market to Expand at a CAGR of 7.18% Over 2022-2027 | IMARC Group

The latest report published by IMARC Group, titled “United States Extended Warranty Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

Market Overview:

The United States extended warranty market is expected to exhibit a CAGR of 7.18% during 2022-2027. An extended warranty, also referred to as a service contract, is a policy that stretches the guaranteed duration of a durable consumer good beyond the offer provided by the manufacturer. It is offered by third-party service providers and retailers for electronic appliances and automobiles. An extended warranty compensates for the cost of replacing or repairing the product if it is damaged, owing to a manufacturing defect or improper installation. It keeps the product running smoothly and hassle-free while saving money. An extended warranty also ensures technical assistance and complete guidance from the skilled staff of the service provider to repair the product. 


United States Extended Warranty Market
Market Trends:

The escalating demand for ample guarantees among the masses for the protection of electrical and mechanical expenses, such as tire replacement and oil changes, is primarily driving the United States extended warranty market. Besides this, the elevating requirement for these services as they provide additional revenue to resellers and product manufacturers and the increasing consumer preferences for a hassle-free post-sales experience are further augmenting the market growth. Moreover, the growing popularity of extended warranties as they cover routine maintenance and accidental damages, such as thefts, liquid spillage, or cracked screens, and the rising concerns among consumers about the safety of electronic devices are also catalyzing the market across the United States. Apart from this, the emerging trend of hassle-free replacements and on-site services for faster claim settlements is expected to bolster the United States extended warranty market in the coming years. 


United States Extended Warranty Market Report Scope

Report Coverage

Details

Growth Rate

CAGR of 7.18% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors and trends

Segments covered

Coverage, Application, Distribution Channel, End User and Region

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Market Segmentation: 

The report has segmented the United States extended warranty market based on coverage, application, distribution channel, end user and region.

Breakup by Coverage:
• Standard Protection Plan
• Accidental Protection Plan

Breakup by Application:
• Automobiles
• Consumer Electronics
• Home Appliances
• Mobile Devices and PCs
• Others

Breakup by Distribution Channel:
• Manufacturers
• Retailers
• Others

Breakup by End User:
• Individuals
• Business

Breakup by Region:
• Northeast
• Midwest
• South
• West

Click here to view detailed information with table of content:  https://www.imarcgroup.com/united-states-extended-warranty-market

Note: We are updating our reports, if you want the report with the latest primary and secondary data (2023-2028) including industry trends, market size and competitive landscape, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours.

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Browse More US Reports:

United States E-Invoicing Market Report: http://bit.ly/3ynZL8q

United States Pharmaceutical Contract Packaging Market: https://bit.ly/3jlEcBH

United States Electric Bus Market Report: http://bit.ly/3kXIXlG

US Commercial Insurance Market Report: https://bit.ly/3mmB8Da

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Media Contact:
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Contact Person: Elena Anderson
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Phone: +1-631-791-1145
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City: Brooklyn
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Country: United States
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