Post COVID-19 Procurement Report on Product Warranty Insurance Market| SpendEdge

NEW YORK, July 13, 2021 /PRNewswire/ -- SpendEdge has been monitoring the Product Warranty Insurance Market and it is poised to grow by USDA 27.75 billion by 2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Post COVID-19 Procurement Report on Product Warranty Insurance Market| SpendEdge
Frequently Asked Questions:A 

What are the major market threats?
The pressure from substitutes and a high level of threat from new entrants have resulted in the moderate bargaining power of suppliers.

What is the expected price changeA in theA market?
Prices will increase by 1.2%-2.5% during the forecast period and suppliers.

Who are the top players in the market?
Allianz SE, American International Group Inc., AXA SA, Aon Plc, Chubb Ltd., Zurich Insurance Group Ltd., Arthur J. Gallagher & Co., Tokio Marine Holdings Inc., Aviva Plc, and Hiscox Inc., are some of the major market participants.

What are the pricing models followed by buyers?
Risk-based pricing, price-plus markup pricing, and preferential rates are the widely adopted pricing models in commercial vehicle cabin procurement.

What will be incremental spending in commercial vehicle cabin procurement?
During 2020-2024, the Product Warranty Insurance market will register an incremental spend of about USD 27.75 billion.

What is the CAGR for the Product Warranty Insurance market?
The Product Warranty Insurance will grow at a CAGR of about 4.40% during 2020-2024.

Find more detailed COVID-19 impact analysis on the Product Warranty Insurance
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