What will be the market size of the extended warranty market in the coming years?
The extended warranty market is set to experience significant growth in the coming years, reflecting its increasing importance in consumer and business purchasing decisions. In 2024, the market size reached USD 147.1 billion, driven by demand for protection plans across electronics, appliances, and automotive sectors. It is projected to expand to USD 239.0 billion by 2033, with a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033. This upward trend is fueled by rising consumer awareness of product longevity and repair costs, the proliferation of high-value tech devices, and the growing popularity of flexible, subscription-based warranty models, positioning the market for robust growth over the next decade.
Read the full report here: https://www.imarcgroup.com/extended-warranty-market
The extended warranty market is set to experience significant growth in the coming years, reflecting its increasing importance in consumer and business purchasing decisions. In 2024, the market size reached USD 147.1 billion, driven by demand for protection plans across electronics, appliances, and automotive sectors. It is projected to expand to USD 239.0 billion by 2033, with a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033. This upward trend is fueled by rising consumer awareness of product longevity and repair costs, the proliferation of high-value tech devices, and the growing popularity of flexible, subscription-based warranty models, positioning the market for robust growth over the next decade.
Read the full report here: https://www.imarcgroup.com/extended-warranty-market
What will be the market size of the extended warranty market in the coming years?
The extended warranty market is set to experience significant growth in the coming years, reflecting its increasing importance in consumer and business purchasing decisions. In 2024, the market size reached USD 147.1 billion, driven by demand for protection plans across electronics, appliances, and automotive sectors. It is projected to expand to USD 239.0 billion by 2033, with a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033. This upward trend is fueled by rising consumer awareness of product longevity and repair costs, the proliferation of high-value tech devices, and the growing popularity of flexible, subscription-based warranty models, positioning the market for robust growth over the next decade.
Read the full report here: https://www.imarcgroup.com/extended-warranty-market
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