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

NEWYORK, November 3, 2022 /PRNewswire/ – “Warranty market automatically expands by end user (personal and commercial) and geographic region (North America, EuropeAPAC, South Americaand Middle East and Africa) – The 2022-2026 Forecast and Analysis Report “has been added to Technavio’s service. With ISO 9001:2015 certification, Technavio is proud to have partnered with more than 100 Fortune 500 companies over 16 years. .

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

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

The difference in potential growth for auto extended warranty market size from 2021 to 2026 is 12.05 billion USD. To get the exact annual growth variance and the WEAK growth rate, Request a FREE PDF Sample Report.

Key market dynamics

Flexible pricing policies and high demand for extended warranties from the auto industry are among the key drivers of the market. However, factors such as the expanding service portfolio of providers will challenge the growth of the market.

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

Market Segment

By the end user, private segment will contribute significantly to market growth during the forecast period. Vendors are focusing on offering extended auto warranty programs, including cellular coverage, extended service plans, and protection plans for businesses as diverse as manufacturers and Retailers. Furthermore, increasing car ownership among individuals worldwide is also driving the demand for auto extended warranties. Therefore, the personal segment is expected to drive the growth of the global automotive extended warranty market during the forecast period.

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Geographically, North America will be the leading region with 41% market growth over the forecast period. The US is an important country for the automotive extended warranty market in the region.

Learn more details about the contribution of all segments and regional opportunities in the report. Shop now for segment details

Several companies are mentioned with their products

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

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

  • AmTrust Financial Services Inc. – The company offers automatic extended warranties to dealers, dealers, third-party administrators, and manufacturers.

  • Assurant Inc. – The company offers an auto extended warranty to extend the existing manufacturer’s warranty by using the covered product.

  • AXA Group – The company offers extended warranties on cars from suppliers like Carhex care by Royal.

  • Carches LLC – The company offers extended warranties for cars with insurance plans such as Diamond, Platinum, Gold, Silver, motorcycles and electric vehicles.

  • CarShield – The company offers extended warranties for cars such as powertrains, premium and advanced protection packages.

  • Edel Assurance LLP – The company offers extended warranties for automobiles such as safety, advantage and supreme insurance packages.

  • Hyundai Motor Co – The company offers auto-renewable warranties for the engine and transmission, electrical components, AC system and instrument cluster.

  • Allianz SE

  • Asurion LLC

  • Concord Auto Protect

  • India Warranty Pvt. Ltd.

  • LLC Durability Warranty Service

  • Repair Ventures LLC

  • Tata Motors Ltd.

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Insurance Brokerage Market by Type and Geography – Forecast and Analysis 2022-2026: Increased demand for insurance policies is driving the insurance brokerage market to grow. Purchasing an insurance policy is an important financial decision for clients in the global insurance brokerage market. The changing demographics of customers have put pressure on insurance brokers to implement effective sales strategies and computational models as well as apply effective pricing policies.

Auto extended warranty market coverage

Scope report

Details

Number of pages

120

Base year

Year 2021

Forecast time

2022-2026

Growth momentum & CAGR

Accelerated at a CAGR of 5.55%

Market growth 2022-2026

12.05 billion USD

Market structure

Fragmented

Year-on-year growth (%)

4.56

Area Analysis

North America, Europe, Asia Pacific, South America, Middle East and Africa

Make market contributions

North America at 41%

Main consuming countries

USA, China, Japan, UK and Germany

Competitive landscape

Top companies, competitive strategy, scope of consumer participation

company profile

Warranty Service AAA, 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 Insurance Services LLC, Hyundai Motor Co, Repair Ventures LLC, and Tata Motors Ltd.

Market dynamics

Analysis of the parent market, market growth drivers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, as well as Analyze the market condition for the forecast period.

Custom mode

If our reports do not include the data you are looking for, you can contact our analysts and get customized segments.

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Main topics covered

1. Summary

2 Market landscape

3 Market Size

4 Analysis of the Five Forces

5 Market Segmentation by End User

6 Customer overview

7 Geographical Landscapes

8 Motivations, Challenges and Trends

9 Supplier landscape

10 Supplier Analysis

11 Appendices

About us

Technavio is the world’s leading technology research and consulting company. Their research and analysis focuses on emerging market trends and provides useful insights to help businesses identify market opportunities and develop effective strategies to optimize their market position.

With more than 500 specialized analysts, Technavio’s reporting library includes more than 17,000 reports and is growing, covering 800 technologies, spanning over 50 countries. Their customer base includes businesses of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on comprehensive coverage, extensive research and Technavio’s extensive market insights to identify opportunities in current and potential markets and assess their competitive position in changing market situations.

Contact

Technavio’s research
Jesse Maida
Executive Communications & Marketing
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/

Global sanitary napkin market 2022-2026 (PRNewsfoto / Technavio)

Global sanitary napkin market 2022-2026 (PRNewsfoto / Technavio)

Cision

Cision

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