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

New York, November 3, 2022 /PRNewswire/ — The “Auto Extended Warranty Market (North America, EuropeAPAC, South AmericaAnd Middle East And Africa) – added to Technavio’s offering Forecast and Analysis 2022-2026″ report. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 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.

Potential growth difference for Auto Extended Warranty market size between 2021 and 2026 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 market drivers. However, factors such as expansion of vendors’ service portfolio will challenge market growth.

To learn about additional key drivers, trends and challenges available with Technavio, View our free sample report now!

Market segmentation

By the end user, the Personal This segment will contribute significantly to the growth of the market during the forecast period. Vendors are focusing on offering auto extended warranty programs including mobile insurance, extended service plans and protection plans for various businesses such as manufacturers and retailers. Moreover, increasing automobile ownership among individuals across the globe is also fueling the demand for auto extended warranties. Hence, the individual segment is expected to fuel the growth of the global auto extended warranty market during the forecast period.

According to geography, North America The market will lead the growth with 41% during the forecast period. The US is a key country for the auto extended warranty market in the region.

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Find additional insights into the contribution of all segments and regional opportunities in the report. Buy now for detailed segment information

Some companies are mentioned with their offers

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

  • Allstate Corp. – The company offers auto extended warranties 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 auto extended warranty to extend their existing manufacturer warranty period using the insured product.

  • AXA Group – The company offers auto extended warranty from providers like Carchex Care by Royal.

  • Carchex LLC – The company offers auto extended warranty with coverage plans like diamond, platinum, gold, silver, motorcycle and electric vehicles.

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

  • Edel Assurance LLP – The company offers auto extended warranty like safe, benefit and supreme coverage plans.

  • Hyundai Motor Co – The company offers auto extended warranty for engine and transmission, electrical components, AC systems and instrument cluster.

  • Allianz SE

  • Asurian LLC

  • Concorde Auto Protect

  • Corporate Warranties India Pvt. Ltd

  • Endurance Warranty Services LLC

  • Repair Ventures LLC

  • Tata Motors Ltd

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Auto extended warranty market scope

Report coverage

Details

Page no

120

Base year

2021

Estimated period

2022-2026

Growth Momentum & CAGR

Accelerate at 5.55% CAGR

Market Growth 2022-2026

USD 12.05 billion

Market structure

It is fragmented

Yearly Growth (%)

4.56

Regional analysis

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

The market is cooperating

North America 41%

Major consumer countries

US, China, Japan, UK and Germany

Competitive landscape

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, Concorde Auto Protect, Corporate Warranties 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 restraints, fastest growing and slow growing segment analysis, impact of COVID-19 and future consumer dynamics and market status analysis for the forecast period.

Range of customization

If our report doesn’t include the data you’re looking for, you can contact our analysts and customize the sections.

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Key topics covered

1 Executive Summary

2 Market landscape

3 Market Sizing

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 firm. Their research and analysis focuses on emerging 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 covers 800 technologies spanning 50 countries. Their client base includes organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research and operational market insights to identify opportunities in existing and potential markets and assess their competitive positions in changing market conditions.

Contact

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

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