Auto Extended Warranty Market Size to Grow by USD 12.05 bn, Personal to be Largest Revenue-generating End-user Segment

NEW YORK, Nov. 3, 2022 /PRNewswire/ — The “Auto Extended Warranty Market by End-user (personal and commercial) and Geography (North America, EuropeAPAC, South Americaand Middle East and Africa) – Forecast and Analysis 2022-2026″ report added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proud to partner with more than 100 Fortune 500 companies for more than 16 years.

Technavio has announced its latest market research report titled Global Auto Extended Warranty Market 2022-2026

Technavio has announced its latest market research report titled Global Auto Extended Warranty Market 2022-2026

The potential growth differential for the extended auto warranty market size between 2021 and 2026 is USD 12.05 billion. To get the exact annual growth variance and YOY growth rate, Request a FREE PDF Sample Report.

Key Market Dynamics

Flexible pricing schemes and high demand for extended warranty from the automobile industry are some of the key drivers of the market. However, factors such as the expansion of the service portfolio of dealers will challenge the growth of the market.

To learn about additional key drivers, trends, and challenges available at Technavio, Check out our FREE Sample Report right now!

Market segmentation

By the end-user, the personal The segment will be a significant contributor to market growth during the forecast period. Vendors focus on offering auto extended warranty programs, which include mobile insurance, extended service plans, and protection plans for various businesses such as manufacturers and retailers. Additionally, the increase in car ownership by individuals across the globe is also driving the demand for extended car warranties. Thus, the personal segment is expected to fuel the growth of the global auto extended warranty market during the forecast period.

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By geography, North America is the leading region with 41% of market growth during the forecast period. The US is an important country for the extended car warranty market in the region.

Find more insights into the contribution of all segments and opportunities in the region in the report. Shop Now for detailed feature information

Some Companies Mentioned with their Offerings

  • AAA Warranty Services – The company offers auto extended warranties for cars, used cars, and tires and wheels.

  • Allstate Corp. – The company offers auto extended warranty, such as vehicle service contracts, mechanical breakdown insurance, and vehicle theft protection.

  • AmTrust Financial Services Inc. – The company offers auto extended warranty for dealers, agents, third-party administrators, and manufacturers.

  • Assurant Inc. – The company offers an auto extended warranty to extend their existing manufacturer warranty period with the insured product.

  • AXA Group – The company offers auto extended warranty from providers such as Carchex care by Royal.

  • Carchex LLC – The company offers auto extended warranty with coverage plans such as Diamond, Platinum, Gold, Silver, motorcycles, and electric vehicles.

  • CarShield – The company offers auto extended warranty such as powertrain, premium and advanced protection plans.

  • Edel Assurance LLP – The company offers auto extended warranty such as secure, advantage and supreme coverage plans.

  • Hyundai Motor Co – The company offers an auto extended warranty for the engine and transmission, electrical components, AC system, and instrument clusters.

  • Allianz SE

  • Asurion LLC

  • Concord Auto Protection

  • Corporate Warranty India Pvt. Ltd.

  • Endurance Warranty Services LLC

  • Repair Ventures LLC

  • Tata Motors Ltd.

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Related Reports

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Insurance Brokerage Market by Type and Geography – Forecast and Analysis 2022-2026: Increased demand for insurance policies is driving the growth of the insurance brokerage market. Buying an insurance policy is an important financial decision for customers in the global insurance brokerage market. Changing customer demographics have forced insurance brokerage companies to implement actuarial models and effective marketing strategies and adopt efficient pricing policies.

Auto Extended Warranty Market Coverage

Report Coverage

Details

Page number

120

Base year

2021

Weather forecast

2022-2026

Growth rate and CAGR

Accelerating to a CAGR of 5.55%

Market growth 2022-2026

USD 12.05 billion

Market structure

broken

YoY growth (%)

4.56

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Making a contribution to the market

North America at 41%

Main consumer countries

US, China, Japan, UK, and Germany

Competition scene

Leading companies, competitive strategies, scope of consumer engagement

Companies are profiled

AAA Warranty Services, Allianz SE, The Allstate Corp., AmTrust Financial Services Inc., Assurant Inc., Asurion LLC, AXA Group, Carchex LLC, CarShield, Concord Auto Protect, Corporate Warranty India Pvt. Ltd., Edel Assurance LLP, Endurance Warranty Services LLC, Hyundai Motor Co, Repair Ventures LLC, and Tata Motors Ltd.

Market Dynamics

Parent market analysis, market growth inducers and barriers, fast growing and slow growing segment analysis, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

The purpose of customization

If our report does not include the data you are looking for, you can reach out to our analysts and customize the features.

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See Consumer Discretionary Market Reports

Main Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Measurement

4 Five Forces Analysis

5 Market Segmentation by End user

6 Customer Landscape

7 Geographical Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and consulting company. Their research and analysis focuses on market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With more than 500 specialized analysts, Technavio’s report library contains more than 17,000 reports and calculations, covering 800 technologies, covering 50 countries. Their client base includes businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions internally. to changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media and Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

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Cision

Cision

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