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 by end-user (personal and commercial) and geography (North America, EuropeAPAC, South AmericaAnd middle east And Africa) – Forecasting and Analysis 2022-2026″ report added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

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

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

Auto Extended Warranty market size potential growth variation 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 plans and 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 market growth.

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

Market segmentation

From the end user, the Personal The segment will contribute significantly to the growth of the market during the forecast period. Vendors are focusing on offering auto extended warranty programs that include mobile insurance, extended service plans and protection plans for various businesses such as manufacturers and retailers. Furthermore, increasing automobile ownership among individuals worldwide is propelling the demand for auto extended warranties. Thus, the personal segment is expected to fuel the growth of the global auto extended warranty market during the forecast period.

Geographically, North America It is the leading region with 41% of the market growth during the forecast period. The US is the leading country for the auto extended warranty market in the region.

Also Read :  Dave Ramsey Says You Have to Take This Crucial Step if You Want to Get Out of Debt for Good

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 on 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. – Company offers self-extended warranty to distributors, agents, third-party operators and manufacturers.

  • Assurant Inc. – Company offers auto extended warranty to extend their existing manufacturer’s warranty period by using the insured product.

  • AXA Group – The company offers auto extended warranty from providers such as Carchex Care from 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 clusters.

  • Allianz SE

  • Asurian LLC

  • Concord Auto Protect

  • Corporate Warranties India Pvt. Ltd

  • Endurance Warranty Services LLC

  • Repair Ventures LLC

  • Tata Motors Ltd.

Also Read :  Citibank Partners Yahoo to Enhance Public Literacy on Personal Finance

Want to customize your report? Talk to an analyst and personalize your report according to your needs

Related reports

Extended Warranty Market in US by Device and End User – Forecast and Analysis 2022-2026: High demand for home appliances is driving the growth of the market. Users can download relevant apps on mobile devices and connect their devices via Wi-Fi. The rapidly evolving designs of home appliances increase the demand for home appliances in the US.

Insurance Brokerage Market by Type and Geography – Forecast and Analysis 2022-2026: Increased demand for insurance policies will drive the growth of the insurance brokerage market. Buying an insurance policy is an important financial decision for consumers in the global insurance brokerage market. The change in customer demographics has pressured insurance brokerage firms to implement insurance models and effective sales strategies and adopt efficient pricing policies.

Auto extended warranty market coverage

Report Scope

Details

Page no

120

Base Year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 5.55%

Market Growth 2022-2026

USD 12.05 billion

Market structure

Shattered

YYY Growth (%)

4.56

Regional analysis

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

Managing the market offering

North America 41%

Major consumer countries

US, China, Japan, UK and Germany

Competitive landscape

Key companies, competitive strategies, customer engagement scope

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 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 drivers and restraints, fast growing and slow growing segment analysis, COVID-19 impact and future consumer dynamics and market status analysis for the forecast period.

Scope of customization

If our report does not contain the data you are looking for, you can contact our analysts and customize the sections.

Also Read :  The economist who just won the Nobel Prize warns the Fed will 'all kinds of trouble' if it raises rates too fast

Browse consumer discretionary market reports

Covers important topics

1 Executive Summary

2 Market landscape

3 Market size

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. His 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 includes more than 17,000 reports and covers 800 technologies, spanning 50 countries. Their client base includes 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 positions in changing market conditions.

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/

Global Tampon Market 2022-2026 (PRNewsfoto/Technavio)

Global Tampon Market 2022-2026 (PRNewsfoto/Technavio)

sion

sion

View original content for multimedia download: https://www.prnewswire.com/news-releases/auto-extended-warranty-market-size-to-grow-by-usd-12-05-bn-personal-to-be -Largest-Revenue-Generating-End-User-Segment—technavio-301666214.html

Basic technology

Source

Leave a Reply

Your email address will not be published.