NAICS Code 524130-02 - Warranty Programs-Extended

Marketing Level - NAICS 8-Digit

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NAICS CODE 524130-02
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Looking for more companies? See NAICS 524130 - Reinsurance Carriers - 429 companies, 3,224 emails.

NAICS Code 524130-02 Description (8-Digit)

The Warranty Programs-Extended industry, a subdivision of Reinsurance Carriers, involves companies that provide extended warranty coverage for a range of products and services beyond the manufacturer's warranty period. These companies offer protection plans that cover repair or replacement costs for unexpected breakdowns or malfunctions of the covered items. The extended warranty programs are usually sold by retailers or manufacturers as an add-on to the original product purchase, or by third-party providers as a standalone service. The industry is highly competitive, and companies differentiate themselves by offering various coverage options, pricing models, and customer service levels.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 524130 page

Tools

Tools commonly used in the Warranty Programs-Extended industry for day-to-day tasks and operations.

  • Warranty management software
  • Customer relationship management (CRM) software
  • Claims processing software
  • Data analytics tools
  • Payment processing systems
  • Call center software
  • Inventory management software
  • Marketing automation tools
  • E-commerce platforms
  • Mobile apps

Industry Examples of Warranty Programs-Extended

Common products and services typical of NAICS Code 524130-02, illustrating the main business activities and contributions to the market.

  • Automotive extended warranty
  • Electronics extended warranty
  • Appliance extended warranty
  • Home systems extended warranty
  • Power tools extended warranty
  • Fitness equipment extended warranty
  • Musical instruments extended warranty
  • HVAC extended warranty
  • Plumbing extended warranty
  • Lawn and garden equipment extended warranty

History

A concise historical narrative of NAICS Code 524130-02 covering global milestones and recent developments within the United States.

  • The "Warranty Programs-Extended" industry has been around for decades, with the first extended warranty program being offered in the 1950s by General Electric. Since then, the industry has grown significantly, with more and more companies offering extended warranty programs for a variety of products, including electronics, appliances, and vehicles. In recent years, the industry has seen notable advancements, such as the integration of technology to streamline the claims process and the expansion of coverage options to include more types of products. In the United States, the "Warranty Programs-Extended" industry has experienced significant growth in the past few decades. This growth can be attributed to several factors, including the increasing complexity and cost of consumer products, which has made extended warranties more appealing to consumers. Additionally, the rise of e-commerce has made it easier for consumers to purchase extended warranties online, further contributing to the industry's growth. Overall, the "Warranty Programs-Extended" industry has become an important part of the consumer goods market in the United States.