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 “Automated Warranty Market by End User (personal and commercial) and Geography (North America, EuropeAPAC, South Americaand The Middle East and Africa) – Forecast and Analysis 2022-2026″ has been added to Technavio’s offering. ISO 9001:2015 certified, 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

The potential growth differential for auto extended 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

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

To learn about key drivers, trends and additional challenges available with Technavio, View our FREE Sample Report right now!

Market Segmentation

According to end user, the personal segment will contribute significantly to the growth of the market during the forecast period. Dealers are focusing on offering extended warranty programs for cars, including mobile insurance, extended service plans, and protection plans for various businesses such as manufacturers and retailers. Additionally, increasing car ownership among individuals around the world is fueling the demand for extended car warranty. Thus, the personal segment is expected to drive the growth of the global auto extended warranty market during the forecast period.

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

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

Some Companies Mention their Origins

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

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

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

  • Assurant Inc. – The company offers an automatic extended warranty to extend the current manufacturer’s warranty period using an insured product.

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

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

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

  • Edel Assurance LLP – The company offers automatic extended warranties such as secure, advantage and premium coverage plans.

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

  • Allianz SE

  • Asurion LLC

  • Concord Auto Protect

  • Corporate Warranties India Pvt. Ltd.

  • Durability Warranty Services LLC

  • Repair Joint Ventures LLC

  • Tata Motors Ltd.

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

Auto Extended Warranty Market Scope

Report Cover

Details

Page number

120

Primary year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.55%

Market growth 2022-2026

USD 12.05 billion

Market structure

Fragmented

YoY Growth (%)

4.56

Regional analysis

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

Fulfill market contribution

North America at 41%

Main consumer countries

USA, China, Japan, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, scope of consumer involvement

Companies 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 Warranties India Pvt. Ltd., Edel Assurance LLP, Endurance Warranty Services LLC, Hyundai Motor Co, Repair Ventures LLC, and Tata Motors Ltd.

Market Dynamics

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

Custom view

If the data you are looking for is not included in our report, you can contact our analysts and customize the sections.

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The Main Topics Covered

1 Executive Summary

2 Market Landscape

3 Market Size

4 Five Forces Analysis

5 Market Segmentation by End User

6 The Customer Landscape

7 Geographical Landscape

8 Drivers, Challenges, and Trends

9 Seller Landscape

10 Vendor Analysis

11 Appendix

About us

Technavio is a global technology research and consulting company. 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 over 500 specialized analysts, Technavio’s report library contains more than 17,000 reports and counting, covering 800 technologies, across 50 countries. Their client base consists of enterprises 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 position within changing market scenarios. changing.

Contact

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

Global Tampon Market 2022-2026 (PRNewsfoto/Technavio)

Global Tampon Market 2022-2026 (PRNewsfoto/Technavio)

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