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.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.