Middle East & Africa Extended Warranty Market Size & Outlook
MEA extended warranty market highlights
- The MEA extended warranty market generated a revenue of USD 11,248.2 million in 2023.
- The market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, standard protection plan was the largest revenue generating coverage in 2023.
- Standard Protection Plan is the most lucrative coverage segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 11,248.2 million |
| Market revenue in 2030 | USD 23,350.3 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Standard protection plan |
| Fastest growing segment | Standard Protection Plan |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standard Protection Plan |
| Key market players worldwide | Allstate Corp, Asurion, American International Group Inc, CNA Insurance Company, Liberty Mutual Insurance, Fidelity National Financial Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.4% of the global extended warranty market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 67,128.8 million by 2030.
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Extended Warranty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Edel Assurance | View profile | 11-50 | Mumbai, Maharashtra, India, Asia | https://edelassurance.com |
| CARCHEX | View profile | 101-250 | Cockeysville, Maryland, United States, North America | https://www.carchex.com |
| SquareTrade | View profile | 101-250 | San Francisco, California, United States, North America | http://www.squaretrade.com |
| Assurant | View profile | 10001+ | New York, New York, United States, North America | http://www.assurant.com |
| CNA Insurance Company | View profile | 5001-10000 | Chicago, Illinois, United States, North America | http://www.cna.com |
| Asurion | View profile | 10001+ | Nashville, Tennessee, United States, North America | http://www.asurion.com |
| Endurance | View profile | 251-500 | Northbrook, Illinois, United States, North America | http://www.endurancewarranty.com/ |
| Liberty Mutual Insurance | View profile | 10001+ | Boston, Massachusetts, United States, North America | http://www.libertymutualgroup.com |
| Allstate Corp | View profile | 53400 | 3100 Sanders Road, Northbrook, IL, United States, 60062 | https://www.allstate.com |
| Fidelity National Financial Inc | View profile | 20516 | 601 Riverside Avenue, Jacksonville, FL, United States, 32204 | https://www.fnf.com |
| American International Group Inc | View profile | 25200 | 1271 Avenue of the Americas, New York, NY, United States, 10020 | https://www.aig.com |
| AXA SA | View profile | 110302 | 25, Avenue Matignon, Paris, France, 75008 | https://www.axa.com |
Middle East & Africa extended warranty market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to extended warranty market will help companies and investors design strategic landscapes.
Standard protection plan was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Middle East & Africa extended warranty market based on standard protection plan covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of extended warranty market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa extended warranty market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa extended warranty market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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