In 2021, the sales value of extended warranty services in Japan amounted to 1.56 trillion Japanese yen. The warranty service market was forecast to grow, reaching close to 1.8 trillion yen in 2030.
Warranties provided by sellers in Japan generally cover one to three years depending on product and service types but may be limited by warranty clauses in contracts. Extended warranty services offer an optional service to receive a discount in case of repairs or replacements past the manufacturer's warranty period.
Sales value of the extended warranty service market in Japan from 2020 to 2021 with a forecast until 2030
(in trillion Japanese yen)
Research targets were warranty vendors for consumer products, housing distributors, housing equipment manufacturers, house renovation companies, car dealers, used-car distributors, mobile phone distributors, electronics retail stores, DIY stores (home centers), etc. Insurance services for mobile phones offering replacement in case of insured events are included as extended warranty services.
100 Japanese yen equal 0.76 U.S. dollars or 0.71 euros as of January 2023.
Values have been rounded.
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Yano Research. (September 26, 2022). Sales value of the extended warranty service market in Japan from 2020 to 2021 with a forecast until 2030 (in trillion Japanese yen) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1350433/japan-extended-warranty-service-sales-value/
Yano Research. "Sales value of the extended warranty service market in Japan from 2020 to 2021 with a forecast until 2030 (in trillion Japanese yen)." Chart. September 26, 2022. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1350433/japan-extended-warranty-service-sales-value/
Yano Research. (2022). Sales value of the extended warranty service market in Japan from 2020 to 2021 with a forecast until 2030 (in trillion Japanese yen). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1350433/japan-extended-warranty-service-sales-value/
Yano Research. "Sales Value of The Extended Warranty Service Market in Japan from 2020 to 2021 with a Forecast until 2030 (in Trillion Japanese Yen)." Statista, Statista Inc., 26 Sep 2022, https://www.statista.com/statistics/1350433/japan-extended-warranty-service-sales-value/
Yano Research, Sales value of the extended warranty service market in Japan from 2020 to 2021 with a forecast until 2030 (in trillion Japanese yen) Statista, https://www.statista.com/statistics/1350433/japan-extended-warranty-service-sales-value/ (last visited October 02, 2024)
Sales value of the extended warranty service market in Japan from 2020 to 2021 with a forecast until 2030 (in trillion Japanese yen) [Graph], Yano Research, September 26, 2022. [Online]. Available: https://www.statista.com/statistics/1350433/japan-extended-warranty-service-sales-value/
