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/ — “Automated Extended Warranty Marketplace by End User (personal and commercial) and Geography (North America, EuropeAPAC, South Americaand Middle East and Africa) – Forecasting and Analysis 2022-2026″ report has been added to Technavio’s offerings. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years.

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

Basic Market Dynamics

Flexible pricing plans and high demand for extended warranty from the auto industry are some of the main drivers of the market. However, factors such as the expansion of the service portfolio by vendors will force market growth.

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

Market Segmentation

by the end user, personal segment will make a significant contribution to market growth during the forecast period. It focuses on offering automated extended warranty programs that include mobile insurance, extended service plans and protection plans for a variety of businesses such as vendors, manufacturers and retailers. In addition, increasing automobile ownership among individuals around the world is driving the demand for automatic extended warranties. Therefore, the personal segment is expected to support the growth of the global auto extended warranty market during the forecast period.

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

Find additional information on the contribution of all segments and regional opportunities in the report. For detailed segment information, Buy Now

Some Companies 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 automatic extended warranties such as vehicle service contracts, mechanical breakdown insurance and vehicle theft protection.

• AmTrust Financial Services Inc. – The company offers 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 using an insured product.

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

• Carchex LLC – 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 automatic extended warranty as well as secure, advantageous and superior coverage plans.

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

• Allianz SE

• Asurion LLC

• Concord Auto Protection

• Corporate Guarantees India Pvt. Ltd.

• Endurance Warranty Services LLC

• Repair Ventures LLC

• Tata Motors Ltd.

the story continues

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

Related Reports

US Extended Warranty Market by Device and End User – Forecast and Analysis 2022-2026: High demand for household appliances is driving the growth of the market. Users can download related applications to their mobile devices and connect to their devices via Wi-Fi. The rapidly evolving designs of home appliances will also stimulate the demand for home appliances in the USA.

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. Purchasing an insurance policy is an important financial decision for clients in the global insurance brokerage market. A shift in customer demographics has forced insurance brokerages to implement actuarial models and effective sales strategies and adopt efficient pricing policies.

Browse Consumer Discretionary Market Reports

Key Topics Covered

1. Executive Summary

2 Market Views

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by End User

6 Customer Landscape

7 Geographical Landscapes

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. Its 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 position.

With more than 500 expert analysts, Technavio’s report library consists of more than 17,000 reports and enumerations covering 800 technologies spanning 50 countries. Its client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base is based on Technavio’s extensive coverage, in-depth research and actionable market insights to identify opportunities in current and potential markets and assess their competitive position in changing market scenarios.

Communication

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

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

SOURCE Technavio