Bharat Book

Extended Warranties and Insurance for Mobile and Non-Mobile Consumer Products in the USA

Press Release   •   Jun 14, 2013 11:31 IST

The study draws on extensive primary and secondary research covering 276 organisations involved in the production and distribution of mobile and non-mobile consumer products including manufacturers, mainstream mobile network operators, mobile virtual network operators (MVNOs), specialised retailers of consumer electronics, supermarkets and other types of retailer (namely, department stores, DIY / furniture / home outlets, speciality retailers and variety retailers). Hence, it provides a comprehensive overview of this activity across the US, which is the world's largest market for extended warranties and related insurance.
 
 Key features of this publication include:
 
 - quantification of the market size for extended warranties and insurance linked to mobile and non-mobile consumer products: how much is the market likely to be worth in the US, and how does it segment between white goods, brown goods, grey goods, mobile gadgets and mobile phones?
 
 - analysis of extended warranty underwriters and brokers that have established scheme relationships with manufacturers and retailers of white goods, brown goods, grey goods, mobile gadgets and mobile phones, including their unweighted share of partnerships;
 
 - consideration of the potential for cross-selling stand-alone extended warranty and insurance policies through independent channels that are separate from either manufacturers or retailers: to what extent has this form of distribution developed in the US?
 
 - forecasts for the market size for extended warranties and insurance linked to mobile and non-mobile consumer products up to 2016: assuming no significant changes in the number of manufacturer and retailer schemes, what factors will cause this sector to grow or decline in the next few years?
 
 0.0 EXECUTIVE SUMMARY
 
 1.0 INTRODUCTION
 What is this report about?
 Rationale
 The market for extended warranties and insurance for consumer products has been little studied
 Evolving distribution channels both favour and compromise extended warranty provision
 Methodology
 Manufacturer and retailer survey
 The survey's scope covers 276 manufacturers and retailers of mobile and non-mobile consumer products
 Market data
 Distribution channels for retailers
 Most distributors of consumer electronics in the US operate mixed retail models
 Definitions
 Extended warranties and insurance
 Extended warranties and insurance linked to consumer products come in a variety of formats…
 …and are frequently marketed to consumers under alternative titles
 Premiums and other revenues
 Operating models
 PartnerBASE™ and market data annexe
 Finaccord
 
 2.0 WHITE GOODS
 Introduction
 Underlying market value and volume
 The value and volume of sales of white goods has increased only slightly in recent years
 Manufacturers' original warranty length and consumer law
 More than two thirds of manufacturers offer only one-year warranties for white goods
 Manufacturer schemes for extended warranties and insurance
 More than 40% of manufacturers of white goods in the US maintain an extended warranty program...
 …with Assurant holding the most partnerships in this field
 Assurant secured total extended warranty premiums of USD 1.47 billion in the US in 2011
 Retailer schemes for extended warranties and insurance
 Around three quarters of retailers of white goods have developed extended warranty schemes...
 ... with AmTrust identifiable as the most frequently used warranty and service specialist
 In the wake of funding from Bain Capital, SquareTrade reported rapid growth in 2012
 Assurant and NEWAsurion also fill roles as prominent external providers for white goods cover
 Sears Protection Company serves as captive provider to two different brands in the Sears group…
 …while a significant proportion of retailers operate internally-administered schemes
 Risk coverage of all schemes for extended warranties and insurance
 Extended warranties for white goods are focused mostly on cover for breakdown
 Independent distribution channels
 Several independent extended warranty options are available to US consumers...
 … and 'home warranties' are important in the context of the white goods market
 Market value for extended warranties and insurance
 Market forecasts to 2016
 The white goods market is forecast to experience modest growth through to 2016…
 ...which will help boost the market for extended warranties
 
 3.0 BROWN GOODS
 Introduction
 Underlying market value and volume
 The value and volume of sales of brown goods both declined between 2008 and 2012
 Manufacturers' original warranty length and consumer law
 Almost all manufacturers of brown goods offer only a one-year original warranty
 Manufacturer schemes for extended warranties and insurance
 Most manufacturers with extended warranty schemes administer these internally
 Retailer schemes for extended warranties and insurance
 Over two thirds of retail chains selling brown goods promote related extended warranties...
 …with the partnerships very similar to those observed for warranties for white goods
 SquareTrade provides coverage for several national retailers…
 …while Best Buy and its subsidiary use Chartis in addition to in-house service provision
 Risk coverage of all schemes for extended warranties and insurance
 Around one in ten extended warranty schemes for brown goods include cover for accidental damage
 Independent distribution channels
 
 For more information kindly visit : http://www.bharatbook.com/market-research-reports/insurance-market-research-report/extended-warranties-and-insurance-for-mobile-and-non-mobile-consumer-products-in-the-usa.html
                         
 Or
 
 Contact us at :
 
 Bharat Book Bureau
 Tel: +91 22 27810772 / 27810773
 Toll Free No for USA/Canada : 1-866-279-8368
 Email: info@bharatbook.com 
 Website: www.bharatbook.com 
 Follow us on twitter: https://twitter.com/researchbook 
 Follow us on linkedin : http://www.linkedin.com/company/bharat-book-bureau 
 Our Blog : http://blog.bharatbook.com/ 
 

Bharat Book Bureau, the leading market research information aggregator provides market research reports, company profiles, country reports, newsletters, and online databases for the past twenty four years to corporate, consulting firms, academic institutions, government departments, agencies etc., globally, including India. Our market research reports help global companies to know different market before starting up business / expanding in different countries across the world.