Day: September 18, 2024

Wilmington, Delaware, Sept. 18, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, ”Extended Warranty Market by Sales Type (Point of Sale and After Sale), Coverage (Standard Protection Plan and Accidental Protection Plan), Distribution Channel (Manufacturers, Retailers, and Others), Application (Automobiles, Consumer Electronics, Home Appliances, Mobile Devices and PCs, and Others) and End Users (Individuals and Business): Global Opportunity Analysis and Industry Forecast, 2024-2032“. According to the report, the “extended warranty market” was valued at $129.7 billion in 2022, and is projected to reach $286.4 billion by 2032, growing at a CAGR of 8.4% from 2023 to 2032.  

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The extended warranty market is expected to witness notable growth owing to a surge in awareness for extended guarantees for cars, a rise in penetration of laptops, smartphones, and tablets, and rising product complexities. Moreover, the expansion of products and services, electrical vehicles and car warranties, and the untapped potential of emerging economies are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the decline in sales of PCs limits the growth of the extended warranty market.  
  
The retailers segment held the highest market share in 2023.   

By distribution channel, the retailers segment dominated the market in 2023, This was driven by the strong presence of large retail chains, e-commerce platforms, and electronics stores, which increasingly bundled extended warranties with the sale of high-value consumer goods like electronics, appliances, and automobiles. However, the others segment is expected to witness the largest of CAGR of 9.9%, This growth is driven by several factors, including the increasing demand for product protection, the rising costs of repairs and replacements, and the expansion of independent insurance providers in offering specialized services.   

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The automobiles segment held the highest market share in 2023.  

By application, the automobiles segment accounted for the largest share in 2023. This dominance can be attributed to several factors, including the rising costs of vehicle repairs and replacements due to the increasing complexity of modern automobiles. With advancements in technology, such as electric vehicles and autonomous driving systems, the demand for extended warranties has surged as consumers seek protection against expensive repairs for high-tech components.  However, the mobile devices and PCs segment is expected to witness the largest CAGR of 8.7%. The rapid pace of technological advancements and shorter product life cycles make extended warranties for mobile devices and PCs an appealing choice for consumers who want to safeguard their investments.   

  
Regional Insights: The North America region held the highest market share in 2023.   

By region, the extended warranty market was dominated by North America in 2023. This dominance is attributed to the fact that in places such as the U.S. and Canada, the extended warranty has become a more feasible alternative for helping organizations create electronic production. Moreover, companies are increasingly expanding their extended warranty business to the North American region, resulting in market growth.   

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Players: –  

• Endurance Warranty Services Llc 

• American International Group Inc. 

Key Industry Developments  

• In July 2024, iA Financial Group raised a $10 million investment in Canadian business Clutch Technologies Inc. (“Clutch”), which specializes in online sales of pre-owned vehicles. Clutch customers are currently able to purchase iA Financial Group extended warranty and guaranteed asset protection products.  

• In August 2024, UK-based Evolution Warranties acquired Autogroup (TAG) Warranties, a move that is set to combine the strengths of both companies in the warranty sector. The acquisition of TAG by Evolution Warranties is expected to leverage the combined expertise and resources of both entities to better serve their customers.  

• In May 2021, Extend raised $260 million in a funding round led by SoftBank Group Corp’s (9984.T), opening a new tab Vision Fund 2 that valued the company at over $1 billion. Extend allows companies to add a button to their online markets that gives customers the option to pay extra to protect their purchases.  

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Key Benefits For Stakeholders 

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the extended warranty market analysis from 2022 to 2032 to identify the prevailing extended warranty market opportunity. 

• The extended warranty market research is offered along with information related to key drivers, restraints, and opportunities. 

• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network. 

• In-depth analysis of the extended warranty market segmentation assists to determine the prevailing extended warranty market outlook. 

• Major countries in each region are mapped according to their revenue contribution to the global extended warranty market. 

• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players. 

• The report includes the analysis of the regional as well as global extended warranty market trends, key players, market segments, application areas, and market growth strategies. 

Extended Warranty Market Key Segments: 

By Sales Type 

By Coverage 

• Standard Protection Plan 

• Accidental Protection Plan 

By Distribution Channel 

By Application 

By End-users 

By Region 

• North America (U.S., Canada) 

• Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe) 

• Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific) 

• LAMEA (Latin America, Middle East, Africa) 

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About Us: 

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. 

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. 

Contact: 

David Correa 

1209 Orange Street,  

Corporation Trust Center,  

Wilmington,  

New Castle,  

Delaware 19801 USA. 

Int’l: +1-503-894-6022  

Toll Free: +1-800-792-5285 

UK: +44-845-528-1300 

India (Pune): +91-20-66346060  

Fax: +1-800-792-5285  

help@alliedmarketresearch.com  

Wilmington, Delaware , Sept. 18, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Wind Turbine Market by Axis Type (Horizontal and Vertical), Installation (Onshore and Offshore), Component (Rotator Blade, Gearbox, Generator, Nacelle and Others), and Application (Industrial, Commercial, Residential and Utility): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the wind turbine market was valued at $63.4 billion in 2023, and is estimated to reach $115.2 billion by 2033, growing at a CAGR of 6.2% from 2024 to 2033.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A00104

Prime determinants of growth

The global wind turbine market is experiencing growth due to increase in adoption of wind energy as a clean, renewable source. However, the initial capital required for wind turbine installation is expected to limit the growth of the wind turbine market during the forecast period. Moreover, innovations in blade design, materials, and aerodynamics offer remunerative opportunities for the global wind turbine market.

Report coverage & details:

The vertical segment is expected to remain the largest type throughout the forecast period

Vertical axis wind turbines (VAWTs) have garnered attention for their unique design and potential advantages in certain applications. Unlike traditional horizontal axis wind turbines (HAWTs), which have blades that rotate around a horizontal axis, VAWTs have blades that rotate around a vertical axis. VAWTs are also being explored for off-grid and hybrid energy systems. In remote locations where access to electricity is limited or unreliable, VAWTs can provide a sustainable source of power to meet basic energy needs. They can also be integrated with other renewable energy sources, such as solar panels or batteries, to create hybrid systems that improve overall reliability and efficiency.

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The onshore segment is expected to lead throughout the forecast period

Onshore wind turbines are a vital component of renewable energy infrastructure, contributing significantly to global efforts to reduce reliance on fossil fuels and combat climate change. These turbines harness the power of wind to generate electricity, making use of vast expanses of land rather than offshore locations. Furthermore, onshore wind turbines often benefit from established infrastructure, such as roads and electrical grids, which can streamline the development process and reduce associated costs. Their proximity to populated areas can also minimize transmission losses, ensuring efficient delivery of electricity to consumers.

The rotator blade segment dominated the wind turbine market throughout the forecast period

The primary function of the rotator blade in wind turbine is to harness the kinetic energy present in the wind and transfer it into rotational motion. As the wind blows, it exerts force on the turbine blades, causing them to rotate around the shaft. This rotational motion is then transmitted through the shaft to the generator, where it is converted into electrical energy. Proper maintenance and monitoring of the rotator are critical to ensuring the continued performance and longevity of the wind turbine. This includes regular inspections to detect any signs of wear or damage, as well as lubrication of moving parts to reduce friction and prevent premature failure.

The utility segment is expected to lead throughout the forecast period.

One of the primary advantages of wind turbines in utility applications is their ability to produce electricity at scale without emitting greenhouse gases or other pollutants associated with conventional power plants. This makes them a crucial tool in combating climate change and reducing reliance on finite fossil fuel resources. Additionally, wind energy is abundant and inexhaustible, providing a reliable source of power that can help stabilize energy markets and enhance energy security.

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Asia-Pacific to maintain its dominance by 2033

The Asia-Pacific region has been rapidly adopting wind energy as a significant component of its renewable energy. China leads the Asia-Pacific region in wind turbine usage, boasting the largest installed capacity in the world. The country’s aggressive investment in wind energy has been driven by both environmental concerns and a desire to reduce dependence on fossil fuels. China’s vast land area, particularly in regions such as Inner Mongolia and Xinjiang, provides ample space for large-scale wind farms, contributing significantly to its renewable energy goals.

India is another key player in the Asia-Pacific wind energy market. The country has made significant strides in recent years to harness its wind resources, particularly along its western coast and in states such as Tamil Nadu and Gujarat. India’s ambitious renewable energy targets, coupled with favorable government policies and incentives, have spurred growth in the wind energy sector, attracting both domestic and international investment.

Players: –

• ENERCON Global GmbH
• Siemens Gamesa Renewable Energy, S.A.U.
• GE VERNOVA
• Goldwind Americas
• Guodian United Power Technology Co., Ltd.
• Mingyang Smart Energy Group Co., Ltd.
• Sinovel Wind Group Co., Ltd.
• Senvion India Pvt. Ltd.
• Suzlon Energy Limited
• Vestas

The report provides a detailed analysis of these key players in the global wind turbine market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int’l: +1-503-894-6022

Toll Free: +1-8007925285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

Blog: https://www.alliedmarketresearch.com/resource-center/trends-and-outlook/food-and-beverages

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Wilmington, Delaware , Sept. 18, 2024 (GLOBE NEWSWIRE) — Allied Market Research published a report, titled, “Bonsai Market by Type (Stumps bonsai and Landscape bonsai), and Application (Wholesaler bonsai and Custom made bonsai): Global Opportunity Analysis and Industry Forecast, 2024-2033″. According to the report, the bonsai market was valued at $5.3 billion in 2023, and is estimated to reach $14.3 billion by 2033, growing at a CAGR of 10.5% from 2024 to 2033.

Download PDF Brochure: https://www.alliedmarketresearch.com/request-sample/A324333

Prime determinants of growth

Compact and visually beautiful indoor plants are in high demand among urban dwellers owing to limited space, as urbanization continues to grow. A wider audience is attracted to bonsai due to its increased accessibility due to technological developments in e-commerce and digital education. Bonsai is being promoted as an eco-friendly and sustainable hobby by growing environmental consciousness. The global popularity of bonsai is increased owing to culture and the international exchange of styles and techniques. Furthermore, bonsai cultivation’s therapeutic advantages such as stress relief and mindfulness are emphasized by the health and wellness movement. All these factors contribute to the bonsai market growth and diversity.

Report coverage & details:

Segment Highlights

By type, the stumps bonsai segment dominated the market with the highest share in 2023. Yamadori bonsai, also known as stump bonsai, is the art of crafting naturally stunted trees from the wild. These trees are typically found in difficult locations where they have acquired distinctive shapes and personalities. The inherent beauty and traditional appearance of the trees make this practice extremely valuable. The authenticity and challenge stumps bonsai pose to cultivators make them highly valued in the bonsai market. However, since sustainable methods are essential to maintaining natural landscapes, ethical issues and legal restrictions surrounding the collection of wild trees are significant. Due to the natural history and artistic potential these trees offer, collectors and artists are driving an increasing demand for stumps bonsai.

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By application, the wholesale bonsai segment dominated the market in 2023. The wholesale bonsai market offers a variety of bonsai plants, tools, and supplies in bulk to nurseries, garden centers, and specialized shops. Large-scale distribution is supported by this segment, guaranteeing a consistent supply of common and exotic bonsai species to satisfy a range of customer requirements. Retailers can sustain high-profit margins because wholesale suppliers frequently provide competitive pricing. Important participants in this sector include well-known nurseries with significant growing spaces and importers who procure premium bonsai from countries like as China and Japan. Direct access to wholesale bonsai products is made easier by the growth of e-commerce, which has also streamlined the supply chain and broadened the market. This market segment is essential to maintaining the bonsai market’s overall growth and accessibility.

Regional Outlook

Japan continues to be a global leader in the bonsai market due to its rich cultural heritage and superior handcrafted bonsai, which meet significant demand both domestically and internationally. Growing affluence and a resurgence of interest in traditional arts are driving market expansion in China. The Asia-Pacific region is home to a variety of bonsai traditions, with South Korea and Taiwan leading the way in an expanding sector influenced by regional flora and cultural norms. The growing interest in bonsai is evident in European countries, driven by the European Bonsai Association. Meanwhile, Australia and New Zealand are becoming more popular because of their active community involvement and educational programs.

Players: –

• The Bonsai Company
• Bonsai Design
• Loder Bonsai BV
• Bonsai Network Japan
• Bonsai Outlet
• Bonsai New Zealand
• Fern Valley Bonsai

The report provides a detailed analysis of these key players in the global bonsai market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/A324333

Recent Development:

• In March 2023, the CARLISLE Bonsai Club expanded and brought in new members. After moving to the Harraby Community Centre in the early 1990s, the club is currently working to expand in global markets.
• In May 2023, the Department of Forest and Wildlife of Chandigarh brought together 74 plant species that are up to 35 years old to establish Bonsai World in the Botanical Garden of Sarangpur.

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About us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa

1209 Orange Street,

Corporation Trust Center,

Wilmington, New Castle,

Delaware 19801 USA.

Int’l: +1-503-894-6022

Toll Free: +1-8007925285

Fax: +1-800-792-5285

help@alliedmarketresearch.com

Blog: https://www.alliedmarketresearch.com/resource-center/trends-and-outlook/food-and-beverages

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