Canada Extended Warranty Market Expected To Reach $22,274.36 Million By 2031


(MENAFN- EIN Presswire)

Canada Extended Warranty Market

Canada Extended Warranty Market Expected to Reach $22,274.36 Million By 2031

PORTLAND , OR, USA, UNITED STATES, November 10, 2022 / / -- According to a recent report published by Allied Market Research, titled,“Canada Extended Warranty Market By Coverage, Distribution Channel, Application, and End User: Country Opportunity Analysis and Industry Forecast, 2022-2031”, 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, growing at a CAGR of 11.3% from 2022 to 2031.

On the basis of end user, the individuals segment dominated the Canada extended warranty market
trends in 2021. This is attributed to rise in adoption of extended warranty among individuals owing to increase in need among cellular phone users and PCs users toward insurance to protect their devices from virus.

Download PDF Sample:

Top Impacting Factors

Surge in Awareness For Extended Warranty Coverage in Canada
Rise in Penetration of Laptops, Smartphones, and Tablets
Increase in incidents of accidental damage, phone thefts, virus infection, and device malfunction

The Canada extended warranty industry
has been moderately impacted by the COVID-19 outbreak. This is attributed to the changes in demands for extended warranty claims and restrictions for travelling across the country have led to decline in extended warranty premiums in Canada. Furthermore, consecutive lockdown, social distancing norms, and increase in number of COVID-19-positive cases decrease revenue to more than 50% in Canada owing to sharp decline in sales of consumer electronics, which in turn, reduced the demand for 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.

Enquiry Purchase:

Canada Extended Warranty Market Report Highlights

AspectsDetails
By Coverage
Standard Protection Plan
Accidental Protection Plan
By Distribution Channel
Manufacturers
Retailers
Others
By Application
Automobiles
Consumer Electronics
Home Appliances
Mobile Devices & PCs
Others
By End User
Individuals
Business
Key Market Players
Assurant, Inc.
American International Group, Inc.
AutoPair Warranty Inc.
AXA
Amtrust Financial
Asurion
Endurance Warranty Services, LLC
Ensurall
GuardTree Inc.
Toronto Appliances Service Ltd.

Related Links:
Canada Extended Warranty Market:
Bitcoin Payments Market :
Gadget Insurance Market :
Cryptocurrency Hardware Wallet Market:
Mortgage Lending Market:

About Us:
Allied Market Research (AMR) is a full-service market
research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of“Market Research Reports” and“Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market
domain.

We are in professional corporate relations with various companies and this helps us in digging out market
data that helps us generate accurate research data tables and confirms utmost accuracy in our market
forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online
and offline research and discussion with knowledgeable professionals and analysts in the industry
.

Contact Us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975

Web:
Allied Market Research Blog:
Follow Us on | Facebook | LinkedIn | YouTube |

David Correa
Allied Analytics LLP
+1 503-894-6022

Visit us on social media:


MENAFN10112022003118003196ID1105162972


EIN Presswire

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.