According to the report, High Consumer Awareness is one of the primary growth factors for the market. Increasing consumers demand to extend the warranty coverage validity is also expected to contribute significantly to the Extended Warranty market. Overall, applications of Extended Warranty, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Tenure, such as 1 Year, is boosting the Extended Warranty market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Linked Products , such as Automobiles, is boosting the Extended Warranty market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End-Users, such as Retail, is boosting the Extended Warranty market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Extended Warranty market identified that the demand is rising in many different parts of the world as "Increasing demand of automobiles and electronic devices in emerging countries". Furthermore, some recent industry insights like "June 12, 2018: CarAdvise, the leading consumer vehicle maintenance and repair platform with a partner network has teamed up with CARCHEX, a preeminent consumer focused vehicle Protection Company to provide volume pricing on car care to integrated shops nationwide." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Extended Warranty market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Extended Warranty market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Extended Warranty market size is calculated using market estimation process, the Extended Warranty market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Extended Warranty market size has been validated using both top-down and bottom-up approaches.