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Product Warranty & Liability Insurance in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Product Warranty & Liability Insurance Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | Mar 2013

Solid protection: Rising incomes will spur big-ticket sales, lifting demand for warranties

The Product Warranty & Liability Insurance market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
The Warranty Group The Warranty Group market share
Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 08-13
-1.2%
Annual Growth 13-18
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Profit
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Employment
7,095
Businesses
56
Industry Analysis & Industry Trends

Product warranty insurance providers felt the brunt of the recession's effects as consumers struggled with lower disposable income, rising unemployment and limited access to financing. A reduction in purchases of household appliances and consumer electronics created fewer opportunities for underwriting new product warranty policies. However, the improved economy is spurring a recovery in revenue. Over the next five years, the industry is forecast to return on a path toward growth, backed by rising consumer income levels.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Product Warranty and Liability Insurance industry is in the mature phase of its life cycle, characterized primarily by strong acceptance in its markets, which are stable, and technological advancements that are causing only a moderate degree of change in industry operations. Industry value added (IVA), a measure of the industry's contribution to the overall economy, is expected to grow at an annualized rate of 2.7% during the 10 years to 2018, a faster rate than US GDP annualized growth of 2.1% during the same period. While faster IVA growth compared with GDP typically describes industries in the growth life cycle phase, the deep acceptance of warranties in the economy and mostly stable industry markets are stronger indicators of maturity... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Product Warranty & Liability Insurance Industry?

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.

Industry Products
Electronics protection policiesOther product protection policiesHome appliance protection policies
 
Industry Activities
Underwriting factory warranties for manufacturersUnderwriting extended warranties forers and consumersProviding training and marketing services


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