The Allied Market Research, the global Canada extended warranty market study summarizes competitor analysis, business trends, and forthcoming market & technical analysis forecast. Moreover, the study exemplifies the value and major regional trends of the global Canada extended warranty market in terms of market size, revenue size, and growth opportunities. All data pertaining to the Canada extended warranty market are gathered from extremely trustworthy sources and carefully examined and verified by market experts.
The Canada extended warranty market was valued at $7,853.44 million in 2021, and is projected to reach $22,274.36 million by 2031, registering a CAGR of 11.3% from 2022 to 2031.
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Competitive Analysis :
The report analyzes the profiles of key players operating in Canada extended warranty market such as Assurant, Inc., American International Group, Inc., AutoPair Warranty Inc., AXA, Amtrust Financial, Asurion, Endurance Warranty Services, LLC, Ensurall, GuardTree Inc., and Toronto Appliances Service Ltd.
These players have adopted various strategies to increase their market penetration and strengthen their position in the Canada extended warranty market.
The report also covers their tactical developments, such as product launches, acquisitions & mergers, new collaborations, joint alliances, research & development, investments, and regional development of significant companies in the industry at a global and regional level.
Assessment of Strategic Partnerships-
The Canada extended warranty market is evaluated on the premise of product or service, industry vertical, application, and region. The market has included regions from North America (Mexico, Canada, and the United States), Europe (Italy, Germany, France, Spain, the United Kingdom, and the rest of the continent), Asia-Pacific (Japan, Australia, South Korea, China, India, and the rest of the Asia-Pacific), and LAMEA (Africa, Latin America, and the Middle East).
The expert specialists at Allied Market Research keep in-depth analyses of the market environment and accurately predict the necessary driving and restraining factors. The stakeholders can build their business plans on these factors.
Key Points from the Report-
• Top players operating in the Canada extended warranty market
• Major revenue-generating sectors with regional trends and opportunities
• Regulations and development inclinations
• Portfolios of companies, along with their financial information and investment strategies
• Venture Entrepreneurs
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Top Impacting Factors
Surge in Awareness For Extended Warranty Coverage in Canada
Many electronic are expensive and have delicate framework; hence, awareness about extended warranty for those products have increased tremendously among consumers. According to a survey conducted by AmTrust, 51% of the respondents are aware of the extended warranty contracts.
Rise in Penetration of Laptops, Smartphones, and Tablets
Smart phone and gadgets have become an internal part of everyone’s life, this has created a need to protect these devices against damage and extending the lifetime value.
Increase in incidents of accidental damage, phone thefts, virus infection, and device malfunction
Rise in demand for extended warranty coverage on events such as mechanical breakdown, liquid damage, theft, and unauthorized usage is propelling the growth of the Canada extended warranty market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the Canada extended warranty market forecast from 2021 to 2031 to identify the prevailing market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities of Canada extended warranty market overview.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the Canada extended warranty market segmentation assists in determining the prevailing Canada extended warranty market opportunity.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes an analysis of the regional as well as Canada extended warranty market trends, key players, market segments, application areas, and market growth strategies.
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Canada Extended Warranty Market Report Highlights
| Aspects | Details |
|---|---|
| By Coverage | Standard Protection PlanAccidental Protection Plan |
| By Distribution Channel | ManufacturersRetailersOthers |
| By Application | AutomobilesConsumer ElectronicsHome AppliancesMobile Devices & PCsOthers |
| By End User | IndividualsBusiness |
| Key Market Players | Assurant, Inc.American International Group, Inc.AutoPair Warranty Inc.AXAAmtrust FinancialAsurionEndurance Warranty Services, LLCEnsurallGuardTree Inc.Toronto Appliances Service Ltd. |
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