India Extended Warranty Market Report by Coverage (Standard Protection Plan, Accidental Protection Plan), Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices and PCs, and Others), Distribution Channel (Manufacturers, Retailers, and Others), End User (Individuals, Business), and Region 2025-2033

India Extended Warranty Market Report by Coverage (Standard Protection Plan, Accidental Protection Plan), Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices and PCs, and Others), Distribution Channel (Manufacturers, Retailers, and Others), End User (Individuals, Business), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A6404

Market Overview:

The India extended warranty market size reached USD 4.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 9.0 Billion by 2033, exhibiting a growth rate (CAGR) of 10.0% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 4.0 Billion
Market Forecast in 2033
USD 9.0 Billion
Market Growth Rate 2025-2033 10.0%


An extended warranty refers to a policy that extends beyond the manufacturer's guarantee to cover the repair and maintenance of a product. It is offered by original equipment manufacturers (OEMs), retailers, and third-party vendors for service-related claims, such as maintenance, repair, or replacement. An extended warranty provides enhanced protection against the failure of parts, increases product life, reduces the financial burden of repairs, and enhances customer satisfaction. It also offers coverage against various product defects or normal wear and tears after the expiration of the initial warranty. As a result, an extended warranty is generally offered on high-value items, automobiles, consumer electronics, mobile devices, and personal computers (PCs).

India Extended Warranty Market Trends:

The rapid proliferation of electronic devices, such as smartphones, laptops, tablets, and wearables, is creating a positive outlook for the market in India. An extended warranty maintains product safety and provides protection by covering routine maintenance and accidental damage, such as liquid spillage, theft, or cracked screen. In line with this, rising concerns among consumers regarding the safety of their electronic devices are favoring the market growth. Furthermore, increasing post-sale management startups in the country that are providing centralized platforms to households and micro, small, and medium-sized enterprises (MSMEs) to purchase an extended warranty, receive warranty notification, and access one-touch customer services is acting as another growth-inducing factor. Additionally, the integration of artificial intelligence (AI)-driven data and insight to provide personalized and unique risk cover, proactive loss prevention, and warranty-as-a-service (WaaS) model is providing an impetus to the market growth. Moreover, the increasing demand for extended warranty in the automotive industry to maintain vehicle value, extend product life, and cover labor costs, complex part replacements, and repair is positively influencing the market growth. Other factors, including increasing awareness regarding the benefits of an extended warranty, rapid digitization for faster claim settlements, rising expenditure capacities of consumers, and increasing costs of repair and maintenance, are anticipated to drive the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the India extended warranty market report, along with forecasts at the country and regional level from 2025-2033. Our report has categorized the market based on coverage, application, distribution channel and end user.

Breakup by Coverage:

India Extended Warranty Market

  • Standard Protection Plan
  • Accidental Protection Plan

Breakup by Application:

  • Automobiles
  • Consumer Electronics
  • Home Appliances
  • Mobile Devices and PCs
  • Others

Breakup by Distribution Channel:

  • Manufacturers
  • Retailers
  • Others

Breakup by End User:

  • Individuals
  • Business

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Coverage, Application, Distribution Channel, End User, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the India extended warranty market to exhibit a CAGR of 10.0% during 2025-2033.

The rising consumer preferences toward a hassle-free post-sales experience, along with the growing demand for extended warranty, as it offers value-added services, such as hassle-free replacements and on-site services, are primarily driving the India extended warranty market.

The sudden outbreak of the COVID-19 pandemic has led to the increasing adoption of extended warranty claims among the individuals via online portals, due to the changing consumer inclination from conventional brick-and-mortar platforms towards e-commerce channels.

Based on the coverage, the India extended warranty market has been divided into standard protection plan and accidental protection plan, where standard protection plan currently exhibits a clear dominance in the market.

Based on the application, the India extended warranty market can be categorized into automobiles, consumer electronics, home appliances, mobile devices and PCs, and others. Currently, automobiles account for the majority of the total market share.

Based on the distribution channel, the India extended warranty market has been segregated into manufacturers, retailers, and others. Among these, manufacturers exhibit a clear dominance in the market.

Based on the end user, the India extended warranty market can be bifurcated into individuals and business. Currently, individuals hold the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Extended Warranty Market Report by Coverage (Standard Protection Plan, Accidental Protection Plan), Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices and PCs, and Others), Distribution Channel (Manufacturers, Retailers, and Others), End User (Individuals, Business), and Region 2025-2033
Purchase Options
Benefits of Customization
  • Personalize this research
  • Triangulate with your data
  • Get data as per your format and definition
  • Gain a deeper dive into a specific application, geography, customer, or competitor
  • Any level of personalization

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials