DUBLIN, December 03, 2021--(BUSINESS WIRE)--The "U.S. Extended Warranty Market By Coverage Type, Distribution Channel, End User, Device Type and Service Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2028" report has been added to ResearchAndMarkets.com's offering.
The U.S. extended warranty market is expected to exhibit robust growth during the forecast period.
The key factors impacting the growth of the market include increased awareness for extended warranty, 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 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.
The U.S. 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 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 market is bifurcated into home warranty, auto warranty, enterprise equipment warranty and others.
The market players operating in the U.S. extended warranty market 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.
U.S. Extended Warranty Market Key Segments
Standard Protection Plan
Accidental Protection Plan
By Distribution Channel
By End User
By Device Type
Mobile Devices & PCs
By Service Type
Enterprise Equipment Warranty
Key Market Players
American International Group Inc.
Endurance WarrantyServices LLC
Liberty Bell Auto Protect
Protect My Car
Key Topics Covered:
Market Definition and Scope
Key Forces Shaping U.S. Extended Warranty Market
High Adoption of Smartphones
Increase Demand for Extended Warranties
Decline in Sale of Pcs
Surge in Demand for Innovative Products
Covid-19 Impact Analysis on U.S. Extended Warranty Market
Impact on Market Size
Consumer Trends, Preferences, and Budget Impact
Strategies to Tackle Negative Impact
U.S. Extended Warranty Market, by Type
U.S. Extended Warranty Market, by Distribution Channel
U.S. Extended Warranty Market, by End-user
U.S. Extended Warranty Market, by Device Type
U.S. Extended Warranty Market, by Service Type
Key Players Positioning Analysis, 2020
Top Winning Strategies
Operating Business Segments
Key Strategic Moves and Developments
For more information about this report visit https://www.researchandmarkets.com/r/qyrbwq
View source version on businesswire.com: https://www.businesswire.com/news/home/20211203005174/en/
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