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Rise in awareness for extended warranty and surge in penetration of laptops, tablets, and smartphones have boosted the growth of the global extended warranty market.

However, declining sales of PCs hamper the market growth.

On the contrary, expansion of products and services and untapped potential of emerging economics are expected to create lucrative opportunities for the market players in the coming years.According to the report, the global extended warranty industry generated $120.79 billion in 2019, and is projected to reach $169.82 billion by 2027, growing at a CAGR of 7.4% from 2020 to 2027.Covid-19 scenario:The Covid-19 outbreak has severely affected the finance industry with lower incomes, production shutdowns, and staff shortage.The inadequate digital maturity and pressure on existing infrastructure have affected the market.The standard protection plan segment dominated the marketBy coverage, the standard protection plan segment held the largest share in 2019, contributing to more than three-fifths of the global extended warranty market, as it largely covers mechanical & electrical breakdown and several other coverages, which are not covered by manufacturer's warranty.

However, the accidental protection plan segment is projected to register the highest CAGR of 8.7% during the forecast period, due to rise in awareness toward security measures for ATM machines and implementation of advance technologies.Read Full News: https://www.alliedmarketresearch.com/extended-warranty-market The mobile devices & PCs segment to manifest highest CAGR through 2027By application, the mobile devices & PCs segment is expected to register the highest CAGR of 8.7% during the forecast period, as these devices are designed as a portable and easy to use including tablets, e-readers, and smartphones, and desktop or laptop computer.

However, the automobiles segment held the largest share in 2019, accounting for nearly two-fifths of the global extended warranty market, due to increase in sales of extended warranty at the time of purchase of vehicles.North America held the lion's shareBy region, the market across North America contributed the highest share in 2019, holding more than two-fifths of the market, owing to adoption for extended warranty insurance in the region.

However, the global extended warranty market across Asia-Pacific is projected to register the highest CAGR of 10.2% during the study period, due to emerging economies, high costs of repairs, several offers & benefits, and better customer experience provided under extended warranties in the region.Major market playersASSURANT, INC.AXAAmerican International Group, Inc.AsurionAmTrust FinancialCarShield, LLCCARCHEXEdel AssuranceEndurance Warranty Services, LLCSquareTrade, Inc.

You will most likely utilize these statements to examination shop and give yourself influence while arranging a maintenance agreement cost with a vehicle dealership.

A large number of the online organizations out there are simply a trick.

These dishonest organizations will over-charge you for modest inclusion and never pay off when it comes time to cover a required fix.

One misinterpretation a great many people have is trusting they should purchase a service agreement at the time they buy a vehicle.

This isn't valid, You can peruse progressively about this and more beneath.

The Cheapest Warranty May not be the Best Coverage

Nowadays refrigerators are wont to cool the food items and to stay fresh vegetables.

Refrigerators are very useful in our day-to-day life and it's playing a crucial role in our lives also.

We are having many companies are available in our marketplace for refrigerators but Samsung is that the best company to settle on any sort of household appliance.

While we are using refrigerators sometimes, we'll face some repair issues like refrigerator isn't cooling, freezer isn't working, and over making of ice, etc.

If you would like to repair with none damage then call to our service center is Samsung Refrigerator Service Center Jaipur.

We are having best technicians they will repair your refrigerator.

There are many service centers in   which provide the service to our refrigerator.

But we must call the expert technician.

So that we can get away from the issue of our refrigerator.

An expert technician is only well known about all the issues of the refrigerator either minor or major.

Refrigerator is generally a storing appliance.

It will not only store but also keep all the food items fresh for the longer hours.