How big is the extended warranty market?
The extended warranty market is currently valued at USD 147.1 billion in 2024 and is projected to grow to USD 239.0 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 5.5% during the period from 2025 to 2033. This growth is driven by increasing consumer awareness of the benefits of extended warranties, a rising number of consumer electronics and appliances purchased, and the growing trend toward protecting investment in high-value items.