Segment AnalysisThe global extended warranty market is dominated by automotive segment which holds around 54% share of the total market. Extended warranty offered for automobiles provides coverage against breakdowns and accidents occurring beyond the basic warranty period. With the rising vehicle production globally and increasing complexity in automobile parts and systems, the risk of repairs...
The global Vehicle Protection Service market is estimated to be valued at US$146.01 billion in 2023 and is expected to exhibit a CAGR of 9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.Market Overview:Vehicle Protection Services include extended warranty plans, vehicle maintenance plans, and vehicle protection plans that offer coverage...
The global extended warranty market is estimated to be valued at US$ 123.4 Million In 2023 and is expected to exhibit a CAGR of 6.6% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights. Market Overview:Extended warranty refers to a service contract offered to consumers to extend the coverage period of a product beyond the manufacturer's...
Market Overview:
Extended warranties, also known as service contracts, are a form of insurance that covers repair or replacement costs for a specific period beyond the manufacturer's warranty. These warranties provide customers with peace of mind and financial protection against unexpected expenses associated with product breakdowns or failures. The market offers extended warranties for various...
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