1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Product Warranty Insurance - Industry Market Research Report

Satisfaction guaranteed: Rising incomes will spur big-ticket sales, lifting demand for warranties

Abstract

Product Warranty Insurance

The Product Warranty Insurance industry underwrites factory warranties for manufacturers and extended warranties for retailers and consumers. Product warranties insure major electronics, household appliances and other products against defects or damage and cover repair and replacement costs. A number of trends have put downward pressure on warranty premiums in recent years, hurting underwriting revenue for industry operators. Electronics are declining in price and are the largest product group for which industry operators underwrite warranties; this has translated to a decrease in the prices of premiums to insure these goods. Moreover, electronics and appliances are increasingly produced and sold abroad, and many of the largest manufacturers, such as Samsung and LG, are foreign-owned. Globalization in the industry's main markets has contributed to fewer warranties being underwritten domestically. Additionally, the industry's investment income has remained relatively flat over the period. Despite these negative trends, third-party providers that underwrite warranties directly for consumers are growing strongly due to their low-cost model, online convenience, highly rated customer service and rapid claims response teams. Innovative solutions from third-party providers will help return the industry to growth over the next five years.

This industry comprises establishments primarily engaged in underwriting product warranty policies, which protect the buyer of the product from defects and damage. The industry excludes warranty programs for homes, automobiles and other vehicles. It also excludes companies that perform repair services for products under warranty.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



Related Reports

Consumer Electronics Stores in the US

Home Improvement Stores in the US

Property, Casualty and Direct Insurance in the US

Electronic & Computer Repair Services in the US

Table Of Contents

Product Warranty Insurance - Industry Market Research Report

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS and MARKETS
Supply Chain
Products and Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY


MAJOR COMPANIES

The Warranty Group

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Non-Life Insurance in Germany, Key Trends and Opportunities to 2019

Non-Life Insurance in Germany, Key Trends and Opportunities to 2019

  • $ 1450
  • Industry report
  • June 2016
  • by Timetric

Synopsis Timetric’s 'Non-Life Insurance in Germany, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the German non-life insurance segment, and a comparison ...

Life Insurance in Germany, Key Trends and Opportunities to 2019

Life Insurance in Germany, Key Trends and Opportunities to 2019

  • $ 1450
  • Industry report
  • June 2016
  • by Timetric

Synopsis Timetric’s 'Life Insurance in Germany, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the German life insurance segment. ...

Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019

Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019

  • $ 1450
  • Industry report
  • June 2016
  • by Timetric

Synopsis Timetric’s 'Personal Accident and Health Insurance in Germany, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the German ...


ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.