Extended Warranty Market Report 2022-2027: Growth, Industry Share and Forecast Analysis
IMARC Group has recently released a new research study titled " Extended Warranty Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027 ", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios. The global extended warranty market report by IMARC Group , the market reached a value of US$ 121.5 Billion in 2021 , and it is projected to reach a value of US$ 182.3 Billion by 2027 , exhibiting a CAGR of 6.70% during 2022-2027. Extended Warranty Definition: An extended warranty, also known as a service contract, is a policy to extend the warranty period of consumer goods beyond the guarantee offered by the manufacturer. It is designed to cover the repair and maintenance of a product due to manufacturing defects or poor workmanship. It is provided by retailers, manufacturers, and third-party service providers and can cos...