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/ — “End User Auto Extended Warranty Market (Personal and Commercial) and Geography (North America, in EuropeAPAC, South Americaand Middle East and Africa) – Technavio’s 2022-2026 forecast and analysis report has been added to its offering. ISO 9001:2015 certified, Technavio boasts over 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 possible growth difference of Auto Extended Warranty market size from 2021 to 2026 is USD 12.05 billion. For accurate 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 automotive industry are some of the key drivers for the market. However, factors such as the expansion of vendor service portfolio will hamper the growth of the market.

For additional key drivers, trends and challenges available with Technavio, View our FREE sample report now!

Market segmentation

By end user, personal segment will be a major contributor to market growth during the forecast period. Vendors focus on offering car extended warranty programs that include mobile insurance, extended service plans, and protection plans for a variety of businesses, such as manufacturers and retailers. Additionally, increasing car ownership among individuals across the globe is also fueling the demand for extended car warranties. Thus, the personal segment is expected to drive the growth of the global car extended warranty market during the forecast period.

By geography, North America will be the leading region with 41% of market growth during the forecast period. The US is the leading country in the auto extended warranty market in the region.

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

Some companies mentioned with their offers

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

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

  • AmTrust Financial Services Inc. — the company offers an automatic extended warranty to distributors, agents, third-party administrators and manufacturers.

  • Assurant Inc. — the company offers an extended car warranty to extend the existing manufacturer’s warranty period by using an insured product.

  • AXA Group – The company offers automatic 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, motorcycle and electric vehicles.

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

  • Edel Assurance LLP – The company offers auto extended warranty such as safe, advantage and premium warranty plans.

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

  • Allianz SE

  • Asurion LLC

  • Concord Auto Protect

  • Corporate Guarantees India Pvt. Ltd

  • Endurance Warranty Services LLC

  • Repair Ventures LLC

  • Tata Motors Ltd.

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Scope of the auto extended warranty market

Coverage report

more details

Page number

120

Base year

The year 2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerating at a CAGR of 5.55%

Market growth 2022-2026

USD 12.05 billion

Market structure

Fragmented

Year-on-year growth (%)

4.56

Regional analysis

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

Making a market contribution

North America with 41%

Main consumer countries

USA, China, Japan, Great Britain and Germany

A competitive landscape

Leading companies, competitive strategies, extent 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

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

Adaptation competence

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

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Main topics covered

1 Summary

2 Market landscape

3 Determining the size of the market

4 Five Forces Analysis

5 Market segmentation by end user

6 Customer landscape

7 Geographical landscape

8 directions, 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 emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With more than 500 dedicated analysts, Technavio’s reporting library has more than 17,000 reports and is growing, covering 800 technologies and covering 50 countries. Their customer base includes companies of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research and hands-on market insight to identify opportunities in existing and potential markets and assess their competitive positions in changing market scenarios.

get in touch

Research by Technavio
Jessie Maid
Media and Marketing Manager
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United Kingdom: +44 203 893 3200
E-mail:[email protected]
Web site: www.technavio.com/

Global tampon market 2022-2026 (PRNewsfoto/Technavio)

Global tampon market 2022-2026 (PRNewsfoto/Technavio)

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