South Korea Extended Warranty Market Size & Outlook
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South Korea extended warranty market highlights
- The South Korea extended warranty market generated a revenue of USD 2.1 million in 2025 and is expected to reach USD 5.2 million by 2033.
- The South Korea market is expected to grow at a CAGR of 12.4% from 2026 to 2033.
- In terms of segment, standard protection plan was the largest revenue generating coverage in 2025.
- Accidental Protection Plan is the most lucrative coverage segment registering the fastest growth during the forecast period.
Extended warranty market data book summary
| Market revenue in 2025 | USD 2.1 million |
| Market revenue in 2033 | USD 5.2 million |
| Growth rate | 12.4% (CAGR from 2026 to 2033) |
| Largest segment | Standard protection plan |
| Fastest growing segment | Accidental Protection Plan |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Standard Protection Plan, Accidental Protection Plan |
| Key market players worldwide | Allstate Corp, Asurion, American International Group Inc, CNA Insurance Company, Liberty Mutual Insurance, Fidelity National Financial Inc, Assurant, AXA SA, CARCHEX, Edel Assurance, Endurance, SquareTrade |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.4% of the global extended warranty market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China extended warranty market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 19.0 million by 2033.
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Extended Warranty Market Scope
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 |
South Korea 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 66.67% in 2025. Horizon Databook has segmented the South Korea extended warranty market based on standard protection plan, accidental protection plan covering the revenue growth of each sub-segment from 2021 to 2033.
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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 country-level data and insights on the South Korea extended warranty market , including forecasts for subscribers. This country databook contains high-level insights into South Korea extended warranty market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea extended warranty market size, by coverage, 2021-2033 (US$M)
South Korea Extended Warranty Market Outlook Share, 2025 & 2033 (US$M)
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