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U.s. Extended Warranty Market

U.S. Extended Warranty Market By Coverage Type (Standard Protection Plan and Accidental Protection Plan), Distribution Channel (Manufacturers, Retailers, and Others), End User (Business and Individuals), Device Type (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices & PCs, and Others) and Service Type (Home Warranty, Auto Warranty, Enterprise Equipment Warranty, and Others): U.S. Opportunity Analysis and Industry Forecast, 2020–2028

A11844
Pages: 140
Jun 2021 | 646 Views
   
Author(s) : Monica Chhabra | Shadaab Khan , Vineet Kumar
Tables: 54
Charts: 26
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COVID-19

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U.S. Extended Warranty Market Outlook – 2028

The U.S. extended warranty market size was valued at $48.93 billion in 2019, and is projected to reach $59.52 billion by 2028, growing at a CAGR of 4.6% from 2020 to 2028. An extended warranty is a kind of insurance policy which provides coverage for repair and replacement cost of various products such as home appliances, mobile, laptop, devices, cars, and others after the manufacturer’s or retailer’s guarantee has expired.

In the wake of COVID-19 global health crisis, the U.S. extended warranty market is negatively impacted, due to economic disruptions and decline in consumer spending which has led to reduced premium activities.

It is an optional warranty offered by manufacturers, dealerships, and independent providers at an extra cost beyond the purchase price of a product. There are numerous advantages provided by an extended warranty over manufacturer’s warranty includes protection of the consumer from electrical & mechanical expenses related to product failures such as oil change, or tire replacement after the OEM warranty ends which is not covered under manufacturer’s warranty, and drives additional revenue for product manufacturers, resellers, and service providers.

US-Extended-Warranty-Market-2020-2028

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The U.S. extended warranty market is expected to exhibit growth during the forecast period. The key factors impacting the growth of the market include increased awareness for extended warranty and rise in penetration of laptops, smartphones, and tablets. In addition, rise in need for advanced promotional strategies, and growth associated with e-commerce industry drives the growth of the U.S. extended warranty market.

Furthermore, decline in sale of PCs is the major restraint that hinder the growth of the market. Moreover, innovative services offered by major extended warranty players, and rise in demand for extended warranty coverage in automobiles are expected to boost the U.S. extended warranty market growth in the future. However, each of these factors is anticipated to have a definite impact on the overall market growth during the forecast period.

On the basis of coverage type, the standard protection plan segment dominated the U.S. extended warranty market share in 2019, and is expected to maintain its dominance in the upcoming years owing to provision of an additional two to three years of coverage against product failure. In addition, this extended warranty plan largely covers mechanical and electrical defects provided by manufacturer’s warranty in the market. This, as a result has become one of the major trends in the standard protection plan market. In addition, the accidental protection plan segment is expected to witness highest growth rate in the upcoming years, owing to this protection plan provides customized coverage’s, which are generally not covered under standard protection plans such as liquid damage and unintentional physical damage.

U.S. Extended Warranty Market
By Coverage Type

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Standard Protection Plan segment will maintain the lead during 2020 - 2028

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The report focuses on the growth prospects, restraints, and U.S. extended warranty market analysis. The study provides Porter’s five forces analysis of the U.S. extended warranty industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the U.S. extended warranty market trends.

U.S. Extended Warranty Market
By Distribution Channel

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Manufacturers segment will dominate the market during the forecast period

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Segment Overview

The U.S. extended warranty market is segmented into coverage type, distribution channel, end user, device type, service type and region. On the basis of coverage type, it is classified into standard protection plan, and accidental protection plan. On the basis of distribution channel, the U.S. extended warranty market is categorized into manufacturers, retailers, and others. As per end user, it is segregated into business, and individuals. By device type, the market is bifurcated into automobiles, consumer electronics, home appliances, mobile devices & PCs, and others. On the basis of service type, the U.S. extended warranty market is bifurcated into home warranty, auto warranty, enterprise equipment warranty and others. 

U.S. Extended Warranty Market
By End User

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Individuals segment is projected to be the most lucrative segment

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Competitive Analysis 

The market players operating in the U.S. extended warranty industry include ASSURANT INC., American International Group Inc., AmTrust Financial, Asurion, CARCHEX, CarShield LLC, Endurance Warranty Services LLC, Liberty Bell Auto Protect, Protect My Car, and SquareTrade Inc. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

U.S. Extended Warranty Market
By Device Type

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Automobiles segment will dominate the market during 2020 - 2028

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COVID-19 Impact Analysis

Although the COVID-19 outbreak negatively impacts the growth of the U.S. extended warranty market, the industry is expected to recover by the third quarter of 2020. COVID-19 made majority of people to understand the importance of extended warranty in their lives, as it is a financial readymade solution for unforeseen situations. Although these were short-distance travel during lockdown, this does not guarantee safety against theft, accident, and collision. Increased awareness of extended warranty among consumers, essentials of car components coverage, and restarting of tourism are expected to provide numerous opportunities for the market expansion in the upcoming years. 

U.S. Extended Warranty Market
By Service Type

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Auto Warranty segment generated the highest revenue in 2019

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For instance, Uproar. Car is an American-based company provides transparent and affordable auto warranties. Uproar.car’s warranty coverage protect the cars against expensive repairs from bumper to bumper, gives exclusive access discounts, auto concierge service, and a 100 percent online claims process. However, that this coverage does not extend to some luxury vehicles, cars over 120,000 miles, and cars more than 10 years old. Introduction of usage-based extended warranty policies is further expected to provide potential growth opportunities for extended warranties companies in the coming years.

Top Impacting Factors

Increase in Demand For Innovative Products

Various extended warranty companies across the globe are introducing new strategies to improve their market value and surge their revenue as well as enhance their customer experience. Some of the extended warranty companies are providing applications and other technologically advanced services to their customers to keep their customer safe from the pandemic situation. For instance, Endurance is one of the fastest-growing companies in the extended warranty industry, based in Northbrook, Illinois launched Endurance Advantage extended warranty plan. 

This plan covers both mechanical breakdowns as well as maintenance and provide cost up to $3,500 in maintenance, including oil and filter changes, brake pad and wiper replacements. Therefore, such new advanced services have become a major trend in the extended warranty industry, which, in turn, boosts the U.S. extended warranty market growth.

High Adoption of Smartphones 

Extended warranty has become innovative with the rapid evolution of smartphones as the use of modern technology and marketing strategies create different ways for tech-savvy smartphone users that combine all the services into one convenient package. Thus, increase in adoption of smartphones boosts the growth of the U.S. extended market by providing many easy solutions to the customers. For instance, Amazon, Best Buy, and Walmart are some of the biggest sellers of extended warranties in the U.S. today. They launch various warranty programs to retain and build their relationship with customers. 

As of September 2019, the penetration of smart phones in the U.S. was limited to only 58% of the total population. However, over the years, the number of smart phone users is estimated to exceed 43 million, i.e., 69% of the total population. High promotion and loyalty programs associated with extended warranties are anticipated to fuel the usage of extended warranty among smart phone users, especially among online shoppers.

Key Benefits For Stakeholders

  • This study includes the U.S. extended warranty market forecast, and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and U.S. extended warranty opportunity.
  • The U.S. extended warranty market size is quantitatively analyzed from 2020 to 2028 to highlight the financial competency of the industry.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in U.S. extended warranty market.

U.S. Extended Warranty Market Key Segments

By Coverage

  • Standard Protection Plan
  • Accidental Protection Plan

By Distribution Channel

  • Manufacturers
  • Retailers
  • Others

By End User

  • Business
  • Individuals

By Device Type

  • Automobiles
  • Consumer Electronics
  • Home Appliances
  • Mobile Devices & PCs
  • Others

By Service Type

  • Home Warranty
  • Auto Warranty
  • Enterprise Equipment Warranty
  • Others

Key Market Players

  • ASSURANT INC. 
  • American International Group Inc.
  • AmTrust Financial
  • Asurion
  • CARCHEX
  • CarShield LLC
  • Endurance WarrantyServices LLC
  • Liberty Bell Auto Protect
  • Protect My Car
  • SQUARETRADE Inc. 
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY BENEFITS FOR STAKEHOLDERS
1.3.KEY MARKET SEGMENTS
1.4.RESEARCH METHODOLOGY

1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools & models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.KEY FINDINGS

2.1.1.Top impacting factors
2.1.2.Top investment pockets

2.2.CXO PERSPECTIVE

CHAPTER 3:MARKET OVERVIEW

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FORCES SHAPING U.S. EXTENDED WARRANTY MARKET
3.3.MARKET DYNAMICS

3.3.1.Drivers

3.3.1.1.High adoption of smartphones
3.3.1.2.Increase demand for extended warranties

3.3.2.Restraints

3.3.2.1.Decline in sale of PCs

3.3.3.Opportunities

3.3.3.1.Surge in demand  for innovative products

3.4.COVID-19 IMPACT ANALYSIS ON U.S. EXTENDED WARRANTY MARKET

3.4.1.Impact on market size
3.4.2.Consumer trends, preferences, and budget impact
3.4.3.Economic impact
3.4.4.Strategies to tackle negative impact
3.4.5.Opportunity window

CHAPTER 4:U.S. EXTENDED WARRANTY MARKET, BY TYPE

4.1.OVERVIEW
4.2.STANDARD PROTECTION PLAN

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region

4.3.ACCIDENTAL PROTECTION PLAN

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region

CHAPTER 5:U.S. EXTENDED WARRANTY MARKET, BY DISTRIBUTION CHANNEL

5.1.OVERVIEW
5.2.MANUFACTURERS

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region

5.3.RETAILERS

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region

5.4.OTHERS

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region

CHAPTER 6:U.S. EXTENDED WARRANTY MARKET, BY END USER

6.1.OVERVIEW
6.2.BUSINESS

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region

6.3.INDIVIDUALS

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region

CHAPTER 7:U.S. EXTENDED WARRANTY MARKET, BY DEVICE TYPE

7.1.OVERVIEW
7.2.AUTOMOBILES

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region

7.3.CONSUMER ELECTRONICS

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region

7.4.HOME APPLIANCES

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region

7.5.MOBILE DEVICES & PCS

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region

7.6.OTHERS

7.6.1.Key market trends, growth factors, and opportunities
7.6.2.Market size and forecast, by region

CHAPTER 8:U.S. EXTENDED WARRANTY MARKET, BY SERVICE TYPE

8.1.OVERVIEW
8.2.HOME WARRANTY

8.2.1.Key market trends, growth factors, and opportunities
8.2.2.Market size and forecast, by region

8.3.AUTO WARRANTY

8.3.1.Key market trends, growth factors, and opportunities
8.3.2.Market size and forecast, by region

8.4.ENTERPRISE EQUIPMENT WARRANTY

8.4.1.Key market trends, growth factors, and opportunities
8.4.2.Market size and forecast, by region

8.5.OTHERS

8.5.1.Key market trends, growth factors, and opportunities
8.5.2.Market size and forecast, by region

CHAPTER 9:COMPETITIVE LANDSCAPE

9.1.KEY PLAYERS POSITIONING ANALYSIS, 2020
9.2.TOP WINNING STRATEGIES
9.3.COMPETITIVE DASHBOARD

CHAPTER 10:COMPANY PROFILE

10.1.ASSURANT, INC.

10.1.1.Company overview
10.1.2.Key executive
10.1.3.Company snapshot
10.1.4.Operating business segments
10.1.5.Product portfolio
10.1.6.Business performance
10.1.7.Key strategic moves and developments

10.2.AMERICAN INTERNATIONAL GROUP, INC.

10.2.1.Company overview
10.2.2.Key executive
10.2.3.Company snapshot
10.2.4.Operating business segments
10.2.5.Product portfolio
10.2.6.Business performance

10.3.AMTRUST FINANCIAL

10.3.1.Company overview
10.3.2.Key executive
10.3.3.Company snapshot
10.3.4.Product portfolio
10.3.5.Key strategic moves and developments

10.4.ASURION

10.4.1.Company overview
10.4.2.Key executive
10.4.3.Company snapshot
10.4.4.Product portfolio
10.4.5.Key strategic moves and developments

10.5.CARCHEX

10.5.1.Company overview
10.5.2.Key executive
10.5.3.Company snapshot
10.5.4.Product portfolio
10.5.5.Key strategic moves and developments

10.6.CARSHEILD, LLC

10.6.1.Company overview
10.6.2.Key executive
10.6.3.Company snapshot
10.6.4.Product portfolio

10.7.ENDURANCE WARRANTY SERVICES, LLC.

10.7.1.Company overview
10.7.2.Key executive
10.7.3.Company snapshot
10.7.4.Product portfolio
10.7.5.Key strategic moves and developments
10.7.6.Product portfolio

10.8.LIBERTY BELL AUTO PROTECT.

10.8.1.Company overview
10.8.2.Key executive
10.8.3.Company snapshot
10.8.4.Product portfolio

10.9.PROTECT MY CAR

10.9.1.Company overview
10.9.2.Key executive
10.9.3.Company snapshot
10.9.4.Product portfolio

10.10.SQUARETRADE, INC.

10.10.1.Company overview
10.10.2.Key executive
10.10.3.Company snapshot
10.10.4.Product portfolio
10.10.5.Key strategic moves and developments

LIST OF TABLES

TABLE 01.U.S. EXTENDED WARRANTY MARKET REVENUE, BY COVERAGE, 2019-2028 ($MILLION)
TABLE 02.U.S. EXTENDED WARRANTY MARKET REVENUE FOR STANDARD PROTECTION PLAN, 2020–2028 ($MILLION)
TABLE 03.U.S. EXTENDED WARRANTY MARKET REVENUE FOR ACCIDENTAL PROTECTION PLAN, 2019-2028 ($MILLION)
TABLE 04.U.S. EXTENDED WARRANTY MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019-2028 ($MILLION)
TABLE 05.U.S. EXTENDED WARRANTY MARKET FOR MANUFACTURERS 2020–2028 ($MILLION)
TABLE 06.U.S. EXTENDED WARRANTY MARKET REVENUE FOR RETAILERS, 2019-2028 ($MILLION)
TABLE 07.U.S. EXTENDED WARRANTY MARKET REVENUE FOR OTHERS, 2019-2028 ($MILLION)
TABLE 08.U.S. EXTENDED WARRANTY MARKET REVENUE, BY END USER, 2020–2028 ($MILLION)
TABLE 09.U.S. EXTENDED WARRANTY MARKET REVENUE FOR BUSINESS, 2020–2028 ($MILLION)
TABLE 10.INDIVIDUALS U.S. EXTENDED WARRANTY MARKET REVENUE, BY REGION, 2020–2028 ($MILLION)
TABLE 11.U.S. EXTENDED WARRANTY MARKET REVENUE, BY  DEVICE TYPE, 2019-2028 ($MILLION)
TABLE 12.U.S. EXTENDED WARRANTY MARKET FOR AUTOMOBILES, 2020–2028 ($MILLION)
TABLE 13.U.S. EXTENDED WARRANTY MARKET REVENUE FOR CONSUMER ELECTRONICS, 2019-2028 ($MILLION)
TABLE 14.U.S. EXTENDED WARRANTY MARKET REVENUE FOR HOME APPLIANCES, 2019-2028 ($MILLION)
TABLE 15.U.S. EXTENDED WARRANTY MARKET REVENUE FOR MOBILE DEVICES & PCS, BY REGION 2019-2028 ($MILLION)
TABLE 16.U.S. EXTENDED WARRANTY MARKET REVENUE FOR OTHERS, 2019-2028 ($MILLION)
TABLE 17.U.S. EXTENDED WARRANTY MARKET REVENUE, BY SERVICE TYPE, 2020–2028 ($MILLION)
TABLE 18.BUSINESS  U.S. EXTENDED WARRANTY MARKET REVENUE,FOR HOME WARRANTY, 2020–2028 ($MILLION)
TABLE 19.BUSINESS  U.S. EXTENDED WARRANTY MARKET REVENUE,FOR AUTO WARRANTY, 2020–2028 ($MILLION)
TABLE 20.BUSINESS  U.S. EXTENDED WARRANTY MARKET REVENUE,FOR ENTERPRISE EQUIPMENT WARRANTY, 2020–2028 ($MILLION)
TABLE 21.BUSINESS  U.S. EXTENDED WARRANTY MARKET REVENUE,FOR OTHERS, 2020–2028 ($MILLION)
TABLE 22.ASSURANT, INC.: KEY EXECUTIVE
TABLE 23.ASSURANT, INC.: COMPANY SNAPSHOT
TABLE 24.ASSURANT, INC.: OPERATING SEGMENTS
TABLE 25.ASSURANT, INC.: PRODUCT PORTFOLIO
TABLE 26.AMERICAN INTERNATIONAL GROUP, INC.: KEY EXECUTIVE
TABLE 27.AMERICAN INTERNATIONAL GROUP, INC.: COMPANY SNAPSHOT
TABLE 28.AMERICAN INTERNATIONAL GROUP, INC.: OPERATING SEGMENTS
TABLE 29.AMERICAN INTERNATIONAL GROUP, INC: PRODUCT PORTFOLIO
TABLE 30.AMTRUST FINANCIAL: KEY EXECUTIVE
TABLE 31.AMTRUST FINANCIAL: COMPANY SNAPSHOT
TABLE 32.AMTRUST FINANCIAL.: PRODUCT PORTFOLIO
TABLE 33.ASURION: KEY EXECUTIVE
TABLE 34.ASURION: COMPANY SNAPSHOT
TABLE 35.ASURION: PRODUCT PORTFOLIO
TABLE 36.CARCHEX: KEY EXECUTIVE
TABLE 37.CARCHEX: COMPANY SNAPSHOT
TABLE 38.CARCHEX: PRODUCT PORTFOLIO
TABLE 39.CARSHIELD, LLC: KEY EXECUTIVE
TABLE 40.CARSHIELD, LLC: COMPANY SNAPSHOT
TABLE 41.CARSHIELD, LLC: CORPORATION: PRODUCT PORTFOLIO
TABLE 42.ENDURANCE WARRANTY SERVICES, LLC: KEY EXECUTIVE
TABLE 43.ENDURANCE WARRANTY SERVICES, LLC: COMPANY SNAPSHOT
TABLE 44.ENDURANCE WARRANTY SERVICES, LLC: PRODUCT PORTFOLIO
TABLE 45.ESSELUNGA S.P.A.: PRODUCT PORTFOLIO
TABLE 46.LIBERTY BELL AUTO PROTECT: KEY EXECUTIVE
TABLE 47.LIBERTY BELL AUTO PROTECT: COMPANY SNAPSHOT
TABLE 48.LIBERTY BELL AUTO PROTECT.: PRODUCT PORTFOLIO
TABLE 49.PROTECT MY CAR: KEY EXECUTIVE
TABLE 50.PROTECT MY CAR: COMPANY SNAPSHOT
TABLE 51.PROTECT MY CAR: PRODUCT PORTFOLIO
TABLE 52.SQUARETRADE, INC.: KEY EXECUTIVE
TABLE 53.SQUARETRADE, INC.: COMPANY SNAPSHOT
TABLE 54.SQUARETRADE, INC.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.U.S. EXTENDED WARRANTY MARKET SNAPSHOT, BY SEGMENTATION, 2020–2028
FIGURE 03.U.S. EXTENDED WARRANTY MARKET: TOP IMPACTING FACTOR
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 06.LOW POWER OF BUYERS
FIGURE 07.MODERATE THREAT OF SUBSTITUTES
FIGURE 08.MODERATE THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE COMPETITIVE RIVALRY
FIGURE 10.U.S. EXTENDED WARRANTY MARKET REVENUE, BY COVERAGE, 2019–2028 ($MILLION)
FIGURE 11.U.S. EXTENDED WARRANTY MARKET REVENUE, BY APPLICATION, 2019–2028 ($MILLION)
FIGURE 12.U.S. EXTENDED WARRANTY MARKET, BY END USER, 2020-2028
FIGURE 13.U.S. EXTENDED WARRANTY MARKET REVENUE, BY  DEVICE TYPE, 2020–2028 ($MILLION)
FIGURE 14.U.S. EXTENDED WARRANTY MARKET, BY SERVICE TYPE, 2019-2028
FIGURE 15.KEY PLAYER POSITIONING ANLYSIS
FIGURE 16.TOP WINNING STRATEGIES, BY YEAR, 2018–2021
FIGURE 17.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2018-2021
FIGURE 18.TOP WINNING STRATEGIES, BY COMPANY, 2018-2021
FIGURE 19.COMPETITIVE DASHBOARD
FIGURE 20.COMPETITIVE DASHBOARD
FIGURE 21.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 22.ASSURANT, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 23.ASSURANT, INC.: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 24.ASSURANT, INC.: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 25.AMERICAN INTERNATIONAL GROUP, INC.: REVENUE, 2018–2020 ($MILLION)
FIGURE 26.AMERICAN INTERNATIONAL GROUP, INC.: REVENUE SHARE, BY REGION (2020)

 
 

Extended warranty, also known as service agreement or protection plan, provides coverages to increase the length of protection for large purchases. It provides coverages for multiple types of products & brands, ranging from appliances to electronics, wearables, computer equipment, mobile products, and others. In addition, manufacturers tend to deal with limited product & brand set to provide extended warranty as the licensing & credentialing requirements largely differ from other insurance coverages.

Furthermore, extended warranty protection plan is a separate agreement purchase by consumers and are designed to provide additional protection for their products. However, consumers face several challenges while dealing with extended warranties. For instance, retailers that do not repair in the store, generally sell extended warranties, which are third-party policies. Therefore, though consumers buy the warranties from retailers, another company handles claim processes.

In accordance with several interviews that were conducted of the top level CXOs, extended warranty providers are looking forward to expand their offerings and provide customized coverages for their customers. In addition, products such as automobiles, customer electronics, home appliances, and wearables are the major adopters of extended warranty coverages in the market. Therefore, insurers have lucrative opportunities to innovate their existing plans and expand their product offerings in the untapped potential of emerging economies. Nevertheless, a considerable number of companies remain under the perception that they have minimum extended warranty exposure.

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FREQUENTLY ASKED QUESTIONS?
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A. The U.S. Extended Warranty Market is estimated to grow at a CAGR of 4.6% from 2020 to 2028.

A. The U.S. Extended Warranty Market is projected to reach $59.52 billion by 2028.

A. To get the latest version of sample report

A. Increased awareness for extended warranty, and rise in penetration of laptops, smartphones, & tablets etc. boost the U.S. Extended Warranty market growth.

A. The key players profiled in the report include ASSURANT INC., American International Group Inc., AmTrust Financial, Asurion, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The U.S. Extended Warranty Market is segmented on the basis of coverage type, distribution channel, end user, device type, service type and region.

A. The key growth strategies of U.S. Extended Warranty Market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Home Appliances segment would grow at a highest CAGR of 6.4% during the forecast period.

A. Manufacturers segment will dominate the market by the end of 2028.

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