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Auto Extended Warranty Trends and Forecast
The future of the global auto extended warranty market looks promising with opportunities in the personal and commercial markets. The global auto extended warranty market is expected to reach an estimated $44.33 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising product complexities and rising demand for financial protection against unforeseen defects or malfunctions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Auto Extended Warranty by Segment
The study includes a forecast for the global auto extended warranty by coverage, distribution channel, vehicle age, application, and region.
Auto Extended Warranty Market by Coverage [Shipment Analysis by Value from 2018 to 2030]:
• Powertrain Coverage
• Stated Component Coverage
• Exclusionary Coverage
Auto Extended Warranty Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Auto Dealers/Manufacturers
• Third-Party Providers
Auto Extended Warranty Market by Vehicle Age [Shipment Analysis by Value from 2018 to 2030]:
• New Vehicles
• Used Vehicles
Auto Extended Warranty Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Personal
• Commercial
Auto Extended Warranty Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Auto Extended Warranty Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies auto extended warranty companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the auto extended warranty companies profiled in this report include-
• CARSHIELD
• ENDURANCE WARRANTY SERVICES
• CARCHEX
• CONCORD AUTO PROTECT
• AMTRUST FINANCIAL
• OLIVE
• ASSURANT
Auto Extended Warranty Market Insights
Lucintel forecasts that powertrain coverage will remain the largest segment over the forecast period.
Within this market, personal will remain the larger segment due to high number of individual car owners.
North America is expected to witness highest growth over the forecast period due to growing demand of vehicles and increasing consumer awareness towards extended protection beyond manufacturerÄX%$%Xs warranty
Features of the Global Auto Extended Warranty Market
Market Size Estimates: Auto extended warranty market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Auto extended warranty market size by various segments, such as by coverage, distribution channel, vehicle age, application, and region in terms of value ($B).
Regional Analysis: Auto extended warranty market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different coverage, distribution channels, vehicle ages, applications, and regions for the auto extended warranty market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the auto extended warranty market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the auto extended warranty market size?
Answer: The global auto extended warranty market is expected to reach an estimated $44.33 billion by 2030
Q1. What is the growth forecast for auto extended warranty market?
Answer: The global auto extended warranty market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the auto extended warranty market?
Answer: The major drivers for this market are rising product complexities and rising demand for financial protection against unforeseen defects or malfunctions.
Q3. What are the major segments for auto extended warranty market?
Answer: The future of the auto extended warranty market looks promising with opportunities in the personal and commercial markets.
Q4. Who are the key auto extended warranty market companies?
Answer: Some of the key auto extended warranty companies are as follows:
• CARSHIELD
• ENDURANCE WARRANTY SERVICES
• CARCHEX
• CONCORD AUTO PROTECT
• AMTRUST FINANCIAL
• OLIVE
• ASSURANT
Q5. Which auto extended warranty market segment will be the largest in future?
Answer: Lucintel forecasts that powertrain coverage will remain the largest segment over the forecast period.
Q6. In auto extended warranty market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to growing demand of vehicles and increasing consumer awareness towards extended protection beyond manufacturerÄX%$%Xs warranty
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the auto extended warranty market by coverage (powertrain coverage, stated component coverage, and exclusionary coverage), distribution channel (auto dealers/manufacturers and third-party providers), vehicle age (new vehicle and used vehicle), application (personal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Auto Extended Warranty Market, Auto Extended Warranty Market Size, Auto Extended Warranty Market Growth, Auto Extended Warranty Market Analysis, Auto Extended Warranty Market Report, Auto Extended Warranty Market Share, Auto Extended Warranty Market Trends, Auto Extended Warranty Market Forecast, Auto Extended Warranty Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Auto Extended Warranty Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Auto Extended Warranty Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Auto Extended Warranty Market by Coverage
3.3.1: Powertrain Coverage
3.3.2: Stated Component Coverage
3.3.3: Exclusionary Coverage
3.4: Global Auto Extended Warranty Market by Distribution Channel
3.4.1: Auto Dealers/Manufacturers
3.4.2: Third-Party Providers
3.5: Global Auto Extended Warranty Market by Vehicle Age
3.5.1: New Vehicles
3.5.2: Used Vehicles
3.6: Global Auto Extended Warranty Market by Application
3.6.1: Personal
3.6.2: Commercial
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Auto Extended Warranty Market by Region
4.2: North American Auto Extended Warranty Market
4.2.2: North American Auto Extended Warranty Market by Application: Personal and Commercial
4.3: European Auto Extended Warranty Market
4.3.1: European Auto Extended Warranty Market by Coverage: Powertrain Coverage, Stated Component Coverage, and Exclusionary Coverage
4.3.2: European Auto Extended Warranty Market by Application: Personal and Commercial
4.4: APAC Auto Extended Warranty Market
4.4.1: APAC Auto Extended Warranty Market by Coverage: Powertrain Coverage, Stated Component Coverage, and Exclusionary Coverage
4.4.2: APAC Auto Extended Warranty Market by Application: Personal and Commercial
4.5: ROW Auto Extended Warranty Market
4.5.1: ROW Auto Extended Warranty Market by Coverage: Powertrain Coverage, Stated Component Coverage, and Exclusionary Coverage
4.5.2: ROW Auto Extended Warranty Market by Application: Personal and Commercial
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Auto Extended Warranty Market by Coverage
6.1.2: Growth Opportunities for the Global Auto Extended Warranty Market by Distribution Channel
6.1.3: Growth Opportunities for the Global Auto Extended Warranty Market by Vehicle Age
6.1.4: Growth Opportunities for the Global Auto Extended Warranty Market by Application
6.1.5: Growth Opportunities for the Global Auto Extended Warranty Market by Region
6.2: Emerging Trends in the Global Auto Extended Warranty Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Auto Extended Warranty Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Auto Extended Warranty Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: CARSHIELD
7.2: ENDURANCE WARRANTY SERVICES
7.3: CARCHEX
7.4: CONCORD AUTO PROTECT
7.5: AMTRUST FINANCIAL
7.6: OLIVE
7.7: ASSURANT
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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