United States Extended Warranty Market Growth, Demand and Challenges of the Key Industry Players 2028 - PowerPoint PPT Presentation

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United States Extended Warranty Market Growth, Demand and Challenges of the Key Industry Players 2028

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According to the latest research report by IMARC Group, The United States extended warranty market size reached US$ 55.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 81.3 Billion by 2028, exhibiting a growth rate (CAGR) of 6.9% during 2023-2028. More Info:- – PowerPoint PPT presentation

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Title: United States Extended Warranty Market Growth, Demand and Challenges of the Key Industry Players 2028


1
United States Extended Warranty Market Research
and Forecast Report 2023-2028
  • Format PDFEXCEL

2023 IMARC All Rights Reserved
2
About IMARC Group
  • International Market Analysis Research and
    Consulting Group is a leading adviser on
    management strategy and market research
    worldwide. We partner with clients in all regions
    and industry verticals to identify their
    highest-value opportunities, address their most
    critical challenges, and transform their
    businesses.
  • IMARCs 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,
    chemicals, food and beverage, travel and tourism,
    nanotechnology and novel processing methods are
    at the top of the companys expertise.
  • IMARCs tailored approach combines unfathomable
    insight into the dynamics of companies and
    markets with close cooperation at all levels of
    the client organization. This ensures that our
    clients achieve unmatchable competitive
    advantage, build more proficient organizations,
    and secure lasting results.

3
Report Highlight and Description
  • According to the latest report by IMARC Group,
    titled "United States Extended Warranty Market
    Industry Trends, Share, Size, Growth, Opportunity
    and Forecast 2023-2028," the United States
    extended warranty market size reached US 55.3
    Billion in 2022.
  • An extended warranty is a contractual agreement
    that provides coverage beyond the manufacturer's
    warranty period. They are typically offered by
    third-party providers or the manufacturers
    themselves. The extended warranty typically
    extends the duration of protection and offers
    additional benefits, repairs, or replacements for
    a specified period of time. While a
    manufacturer's warranty usually covers defects
    and malfunctions for a limited period, an
    extended warranty extends this coverage for an
    additional period, often up to several years.
  • Extended warranties typically consist of several
    components, including coverage for parts and
    labor, technical support, and customer service.
    The coverage for parts and labor ensures that any
    necessary repairs or replacements are covered by
    the warranty provider, reducing the financial
    burden on the customer. Technical support allows
    customers to seek assistance in troubleshooting
    issues with their products, either through phone
    support or in-person assistance.
  • Request for a PDF sample of this report
    https//www.imarcgroup.com/united-states-extended-
    warranty-market/requestsample

4
Report Description
  • United States Extended Warranty Market Trends
  • The United States extended warranty market is
    influenced by several factors, including the
    increasing complexity and cost of electronic
    devices and appliances. As products become more
    advanced and sophisticated, the potential repair
    and replacement costs rise significantly, making
    extended warranties an attractive option for
    consumers seeking long-term protection. Moreover,
    the growing consumer demand for seamless customer
    experiences has led to an increased emphasis on
    extended warranties, which is boosting the market
    growth. Furthermore, the significant growth in
    the e-commerce industry and the rising awareness
    among consumers about the benefits of extended
    warranties are creating a positive outlook for
    the market. Additionally, the rapid technological
    advancements and the need for specialized repair
    services are boosting the market growth. In line
    with this, the escalating influence of customer
    reviews and recommendations on extended warranty
    adoption and the surging adoption of high-value
    and high-priced electronic devices and appliances
    are providing a considerable thrust to the market
    growth. Apart from this, the availability of
    protection against accidental damage and product
    failure and the burgeoning complexity and cost of
    repairs due to advanced technology are
    influencing the market growth. Other factors,
    such as the availability of customizable warranty
    plans to suit individual needs and the increasing
    competition among warranty providers, are
    augmenting the market growth.
  • Looking forward, the market value is projected to
    reach US 81.3 Billion by 2028, expanding at a
    CAGR of 6.9 during 2023-2028.
  • View Report TOC, Figures and Tables
    https//www.imarcgroup.com/united-states-extended-
    warranty-market

5
Report Segmentation
  • 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

6
Report Segmentation
  • Breakup by End User
  • Individuals
  • Business
  • Breakup by Region
  • Northeast
  • Midwest
  • South
  • West

7
Key Questions Answered in the Report
8
Key Questions Answered in the Report
9
Table of Contents
  • 1    Preface2    Scope and Methodology    2.1  
     Objectives of the Study    2.2  
     Stakeholders    2.3    Data Sources       
    2.3.1    Primary Sources        2.3.2  
     Secondary Sources    2.4    Market Estimation 
          2.4.1    Bottom-Up Approach        2.4.2  
     Top-Down Approach    2.5    Forecasting
    Methodology3    Executive Summary4  
     Introduction    4.1    Overview    4.2    Key
    Industry Trends5    United States Extended
    Warranty Market    5.1    Market Overview   
    5.2    Market Performance    5.3    Impact of
    COVID-19  5.4    Market Forecast
  • 6     Market Breakup by Coverage    6.1  
     Standard Protection Plan        6.1.1 Market
    Trends        6.1.2 Market Forecast    6.2  
     Accidental Protection Plan        6.2.1 Market
    Trends        6.2.2 Market Forecast7    Market
    Breakup by Application    7.1    Automobiles   
        7.1.1 Market Trends        7.1.2 Market
    Forecast       

10
Table of Contents
  •     7.2    Consumer Electronics        7.2.1
    Market Trends        7.2.2 Market Forecast   
    7.3    Home Appliances        7.3.1 Market
    Trends        7.3.2 Market Forecast    7.4  
     Mobile Devices and PCs        7.4.1 Market
    Trends        7.4.2 Market Forecast    7.5  
     Others        7.5.1 Market Trends        7.5.2
    Market Forecast8    Market Breakup by
    Distribution Channel    8.1    Manufacturers   
        8.1.1 Market Trends        8.1.2 Market
    Forecast    8.2    Retailers        8.2.1
    Market Trends        8.2.2 Market Forecast   
    8.3    Others        8.3.1 Market Trends       
    8.3.2 Market Forecast9    Market Breakup by End
    User    9.1    Individuals        9.1.1 Market
    Trends        9.1.2 Market Forecast
  •     9.2    Business        9.2.1 Market Trends 
          9.2.2 Market Forecast 
  • For more information, visit https//www.imarcgrou
    p.com/united-states-extended-warranty-market/toc

11
Disclaimer
  • 2023 IMARC All Rights Reserved
  • This Publication and all its contents unless
    otherwise mentioned are copyrighted in the name
    of International Market Analysis Research and
    Consulting (IMARC). No part of this publication
    may be reproduced, repackaged, redistributed or
    resold in whole or in any part. The publication
    may also not be used in any form or by and means
    graphic electronic or mechanical, including
    photocopying, recording, taping or by information
    storage or retrieval, or by any other form,
    without the express consent of International
    Market Analysis Research and Consulting (IMARC).
  • Disclaimer All contents and data of this
    publication, including forecasts, data analysis
    and opinion have been based on information and
    sources believed to be accurate and reliable at
    the time of publishing. International Market
    Analysis Research and Consulting makes no
    representation of warranty of any kind as to the
    accuracy or completeness of any Information
    provided. IMARC accepts no liability whatsoever
    for any loss or damage resulting from opinion,
    errors or inaccuracies if any found this
    publication.
  • IMARC, IMARC Group and Global Therapy Insight
    Series are registered trademarks of International
    Market Analysis Research and Consulting. All
    other trademarks used in this publication are
    registered trademarks of their respective
    companies.

12
Contact Us
Visit us at
https//www.imarcgroup.com
TELEPHONE 1-631-791-1145 E-MAIL
sales_at_imarcgroup.com
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