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2021
Auto Extended Warranty Market

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), and Application (Personal and Commercial): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12526
Pages: 260
Jul 2021 | 401 Views
   
Author(s) : Monica Chhabra, Pramod Borasi , Vineet Kumar
Tables: 54
Charts: 30
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  • Data Pack Excel License

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Auto Extended Warranty Market Outlook – 2030

The global auto extended warranty market size was valued at $34.19 billion in 2020, and is projected to reach $60.82 billion by 2030, growing at a CAGR of 5.9% from 2021 to 2030. Auto extended warranty is a kind of an insurance policy designed to cover the cost of wear and tear happened to car after the expiration of manufacturer’s warranty. It is an optional warranty offered by manufacturers, dealerships, and independent providers at an extra cost beyond the purchase price of a product. 

During the COVID-19 global health crisis, the automotive industry remains one of the sectors most affected. The industry has experienced rapid declining in sales & increasing costs of vehicles, which has resulted in financial losses for both OEMs and suppliers. Moreover, supply chain disruptions and labor shortages are some of the major challenges faced by auto dealers and third-party providing auto extended warranty in the market.

Auto extended warranty provides protection on certain mechanical and electrical components, which are not covered under general auto warranty services such as powertrain, electrical system, air conditioning, and other systems. Auto extended warranty providers are enhancing awareness & benefits of an extended warranty plan and educating buyers about available products and services, which fuels the growth of the auto extended warranty industry.

Auto-Extended-Warranty-Market-2021-2030

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The auto extended warranty market is expected to exhibit robust growth during the forecast period. The key factors impacting the growth of the market include increased awareness for extended warranty and rise in number of costly repair bills. Furthermore, decline in sale of cars hinders the growth of the market. Moreover, innovative services offered by major auto extended warranty players, and rise in demand for extended warranty coverage in automobiles are expected to boost the auto extended warranty market growth in the future. However, each of these factors is anticipated to have a definite impact on the overall auto extended warranty market forecast period.

By region, the auto extended warranty industry was dominated by North America in 2020 and is expected to retain its position during the forecast period. North America has witnessed a significant growth, owing to consumers in the region availing the auto extended warranties & service contracts (EWSCs) from different parties such as manufacturers, sellers of goods, and third-party insurers. However, the market for auto extended warranty is expected to witness an upsurge in Asia-Pacific owing to its emerging economies, high cost of repairs, several offers & benefits, and better customer experience provided under auto extended warranties.

The report focuses on the growth prospects, restraints, and trends of the global auto extended warranty market analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the global auto warranty market.

Auto Extended Warranty Market
By Distribution Channel

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Auto Dealers/Manufacturers segment will dominate the market during 2021 - 2030

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Segment Overview

The auto extended warranty market is segmented on the basis of coverage, distribution channel, vehicle age, application, and region. By coverage, it is fragmented into powertrain coverage, stated component coverage, and exclusionary coverage. By distribution channel, it is divided into auto dealers/manufacturers and third-party providers. By vehicle age, it is bifurcated into new vehicle and used vehicle. By application, it is categorized into personal and commercial. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Auto Extended Warranty Market
By Application

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Personal segment will generate the highest revenue during the forecast period

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Competitive Analysis

The key players profiled in the market report are AAA Warranty Services, AmTrust Financial, ASSURANT INC., AXA, CARCHEX, CarShield LLC, Concord Auto Protect, Endurance Warranty Services LLC, Olive, and TATA Motors Limited. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Auto Extended Warranty Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 9.6% during 2021 - 2030

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COVID-19 Impact Analysis

The COVID-19 pandemic has a negative impact on the auto extended warranty market, owing to consecutive lockdowns, social distancing norms, and decrease in demand for new vehicles globally. With severe lockdowns and shutdowns which have halted movement of customers and has tremendously disrupted automotive warranty companies are major factors declined the growth of auto extended warranty during the global health crisis.

Top Impacting Factors

Rise in Number of Costly Repairs Bills

The auto extended warranty market is expected to witness promising growth in the coming years owing to provide coverage for an expensive parts and components of vehicles that are prone to damage. Nowadays, cars are equipped with latest technologies which are quite expensive. So, when they fail, the repairs get automatically quite expensive in terms of mechanical breakdown, blast of bumper, oil change, repair or replacement of components and others. In 2019, according to the survey conducted by AAA, 60 billion Americans did not have enough money saved to cover a major car repair bill averaging $600 or more. 

In addition, another AAA survey discovered that over 30 billion people postponed or ignored regular car maintenance, which could lead to expensive breakdowns and repairs. For instance, while the average car repair bill cost about $600, a fuel pump repair could cost between $900 and $2,000, and transmission repairs could cost between $3,000 and $5,000.Repairs involving the engine control unit can also run in the thousands of dollars. Thus, increase in repair bills boosts the auto extended warranty market growth.

Implementation of Technologies in Existing Product and Service Lines

Increase in penetration of technologies such as GPS, telematics, artificial intelligence (AI), data analytics, blockchain, and big data is providing innovative opportunities to providers. With these technological developments, auto extended warranty distribution platforms are expected to enhance productivity for providing coverage seamlessly at the point-of-purchase. For instance, Endurance is one of the fastest-growing companies in the auto extended warranty industry, based in Northbrook, Illinois launched Endurance Advantage extended warranty plan. 

This plan covers both mechanical breakdowns as well as maintenance and provide cost up to $3,500 in maintenance, including oil and filter changes, brake pad and wiper replacements. Therefore, such new advanced services have become a major auto extended warranty market trends, which, is expected to provide a lucrative opportunity for auto extended warranty providers in the upcoming years.

Key Benefits For Stakeholders 

  • The study provides in-depth analysis of the global auto extended warranty market share along with current & future trends to illustrate the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and auto extended warranty opportunity.
  • The auto extended warranty market size is quantitatively analysed from 2020 to 2030 to highlight the financial competency of the industry.
  • Porter’s five forces of auto extended warranty analysis illustrates the potency of buyers & suppliers in the market.

Auto Extended Warranty Market Key Segments

By Coverage

  • Powertrain Coverage
  • Stated Component Coverage
  • Exclusionary Coverage

By Distribution Channel

  • Auto Dealers/Manufacturers
  • Third-Party Providers

By Vehicle Age

  • New Vehicle
  • Used Vehicle

By Application

  • Personal
  • Commercial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China 
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East 
    • Africa

Key Market Players

  • AAA Warranty Services
  • AmTrust Financial
  • ASSURANT INC.
  • AXA
  • CARCHEX
  • CarShield, LLC
  • Concord Auto Protect
  • Endurance Warranty Services, LLC
  • Olive
  • TATA Motors Limited
 

CHAPTER 1:INTRODUCTION

1.1.REPORT DESCRIPTION
1.2.KEY MARKET SEGMENTS
1.3.KEY BENEFITS
1.4.RESEARCH METHODOLOGY

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO PERSPECTIVE

CHAPTER 3:MARKET LANDSCAPE

3.1.MARKET DEFINITION AND SCOPE
3.2.KEY FINDINGS

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.PORTER'S FIVE FORCES ANALYSIS

3.3.1.Bargaining power of suppliers
3.3.2.Threat of new entrants
3.3.3.Threat of substitutes
3.3.4.Competitive rivalry
3.3.5.Bargaining power among buyers

3.4.MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING 2020
3.5.MARKET DYNAMICS

3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

3.6.COVID-19 IMPACT ANALYSIS ON AUTO EXTENDED WARRANTY MARKET 

3.6.1.Impact on auto extended warranty market size 
3.6.2.Change in end user trends, preferences, and budget impact due to COVID-19
3.6.3.Regulatory framework for solving market challenges faced by auto extended warranty providers
3.6.4.Economic impact on auto extended warranty providers
3.6.5.Key player strategies to tackle negative impact in the industry
3.6.6.Opportunity analysis for companies providing auto extended warranty

CHAPTER 4:AUTO EXTENDED WARRANTY MARKET BY COVERAGE

4.1.OVERVIEW
4.2. POWERTRAIN COVERAGE 

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region 
4.2.3.Market share analysis, by country

4.3. STATED COMPONENT COVERAGE

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region 
4.3.3.Market share analysis, by country

4.4. EXCLUSIONARY COVERAGE

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region 
4.4.3.Market share analysis, by country

CHAPTER 5:AUTO EXTENDED WARRANTY MARKET BY DISTRIBUTION CHANNEL

5.1.OVERVIEW
5.2. AUTO DEALERS/MANUFACTURERS

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region 
5.2.3.Market share analysis, by country

5.3. THIRD-PARTY PROVIDERS

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region 
5.3.3.Market share analysis, by country

CHAPTER 6:AUTO EXTENDED WARRANTY MARKET BY VEHICLE AGE

6.1.OVERVIEW
6.2. NEW VEHICLE

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region 
6.2.3.Market share analysis, by country

6.3. USED VEHICLE

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region 
6.3.3.Market share analysis, by country

CHAPTER 7:AUTO EXTENDED WARRANTY MARKET BY APPLICATION

7.1.OVERVIEW
7.2. PERSONAL

7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by region 
7.2.3.Market share analysis, by country

7.3. COMMERCIAL

7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market size and forecast, by region 
7.3.3.Market share analysis, by country

CHAPTER 8:AUTO EXTENDED WARRANTY MARKET BY REGION

8.1.OVERVIEW
8.2.NORTH AMERICA

8.2.1.Key market trends and opportunities
8.2.2.Market size and forecast, by coverage
8.2.3.Market size and forecast, by distribution channel
8.2.4.Market size and forecast, by vehicle age
8.2.5.Market size and forecast, by application
8.2.6.Market size and forecast, by Country
8.2.7.U.S.

8.2.7.1.Market size and forecast, by coverage
8.2.7.2.Market size and forecast, by distribution channel
8.2.7.3.Market size and forecast, by vehicle age
8.2.7.4.Market size and forecast, by application

8.2.8.Canada

8.2.8.1.Market size and forecast, by coverage
8.2.8.2.Market size and forecast, by distribution channel
8.2.8.3.Market size and forecast, by vehicle age
8.2.8.4.Market size and forecast, by application

8.3.EUROPE

8.3.1.Key market trends and opportunities
8.3.2.Market size and forecast, by coverage
8.3.3.Market size and forecast, by distribution channel
8.3.4.Market size and forecast, by vehicle age
8.3.5.Market size and forecast, by application
8.3.6.Market size and forecast, by Country
8.3.7.Germany

8.3.7.1.Market size and forecast, by coverage
8.3.7.2.Market size and forecast, by distribution channel
8.3.7.3.Market size and forecast, by vehicle age
8.3.7.4.Market size and forecast, by application

8.3.8.UK

8.3.8.1.Market size and forecast, by coverage
8.3.8.2.Market size and forecast, by distribution channel
8.3.8.3.Market size and forecast, by vehicle age
8.3.8.4.Market size and forecast, by application

8.3.9. France

8.3.9.1.Market size and forecast, by coverage
8.3.9.2.Market size and forecast, by distribution channel
8.3.9.3.Market size and forecast, by vehicle age
8.3.9.4.Market size and forecast, by application

8.3.10.Italy

8.3.10.1.Market size and forecast, by coverage
8.3.10.2.Market size and forecast, by distribution channel
8.3.10.3.Market size and forecast, by vehicle age
8.3.10.4.Market size and forecast, by application

8.3.11.Spain

8.3.11.1.Market size and forecast, by coverage
8.3.11.2.Market size and forecast, by distribution channel
8.3.11.3.Market size and forecast, by vehicle age
8.3.11.4.Market size and forecast, by application

8.3.12.Rest of Europe

8.3.12.1.Market size and forecast, by coverage
8.3.12.2.Market size and forecast, by distribution channel
8.3.12.3.Market size and forecast, by vehicle age
8.3.12.4.Market size and forecast, by application

8.4.ASIA-PACIFIC

8.4.1.Key market trends and opportunities
8.4.2.Market size and forecast, by coverage
8.4.3.Market size and forecast, by distribution channel
8.4.4.Market size and forecast, by vehicle age
8.4.5.Market size and forecast, by application
8.4.6.Market size and forecast, by Country
8.4.7.China

8.4.7.1.Market size and forecast, by coverage
8.4.7.2.Market size and forecast, by distribution channel
8.4.7.3.Market size and forecast, by vehicle age
8.4.7.4.Market size and forecast, by application

8.4.8.Japan

8.4.8.1.Market size and forecast, by coverage
8.4.8.2.Market size and forecast, by distribution channel
8.4.8.3.Market size and forecast, by vehicle age
8.4.8.4.Market size and forecast, by application

8.4.9.India

8.4.9.1.Market size and forecast, by coverage
8.4.9.2.Market size and forecast, by distribution channel
8.4.9.3.Market size and forecast, by vehicle age
8.4.9.4.Market size and forecast, by application

8.4.10.Australia

8.4.10.1.Market size and forecast, by coverage
8.4.10.2.Market size and forecast, by distribution channel
8.4.10.3.Market size and forecast, by vehicle age
8.4.10.4.Market size and forecast, by application

8.4.11.South Korea

8.4.11.1.Market size and forecast, by coverage
8.4.11.2.Market size and forecast, by distribution channel
8.4.11.3.Market size and forecast, by vehicle age
8.4.11.4.Market size and forecast, by application

8.4.12.Rest of Asia-Pacific

8.4.12.1.Market size and forecast, by coverage
8.4.12.2.Market size and forecast, by distribution channel
8.4.12.3.Market size and forecast, by vehicle age
8.4.12.4.Market size and forecast, by application

8.5.LAMEA

8.5.1.Key market trends and opportunities
8.5.2.Market size and forecast, by coverage
8.5.3.Market size and forecast, by distribution channel
8.5.4.Market size and forecast, by vehicle age
8.5.5.Market size and forecast, by application
8.5.6.Market size and forecast, by Country
8.5.7.Latin America

8.5.7.1.Market size and forecast, by coverage
8.5.7.2.Market size and forecast, by distribution channel
8.5.7.3.Market size and forecast, by vehicle age
8.5.7.4.Market size and forecast, by application

8.5.8.Middle East

8.5.8.1.Market size and forecast, by coverage
8.5.8.2.Market size and forecast, by distribution channel
8.5.8.3.Market size and forecast, by vehicle age
8.5.8.4.Market size and forecast, by application

8.5.9.Africa

8.5.9.1.Market size and forecast, by coverage
8.5.9.2.Market size and forecast, by distribution channel
8.5.9.3.Market size and forecast, by vehicle age
8.5.9.4.Market size and forecast, by application

CHAPTER 9:COMPANY PROFILES

9.1. AAA WARRANTY SERVICES

9.1.1.Company overview
9.1.2.Key Executives
9.1.3.Company snapshot
9.1.4.Operating business segments
9.1.5.Product portfolio
9.1.6.Business performance
9.1.7.Key strategic moves and developments

9.2.AMTRUST FINANCIAL

9.2.1.Company overview
9.2.2.Key Executives
9.2.3.Company snapshot
9.2.4.Operating business segments
9.2.5.Product portfolio
9.2.6.Business performance
9.2.7.Key strategic moves and developments

9.3. ASSURANT, INC.

9.3.1.Company overview
9.3.2.Key Executives
9.3.3.Company snapshot
9.3.4.Operating business segments
9.3.5.Product portfolio
9.3.6.Business performance
9.3.7.Key strategic moves and developments

9.4. AXA

9.4.1.Company overview
9.4.2.Key Executives
9.4.3.Company snapshot
9.4.4.Operating business segments
9.4.5.Product portfolio
9.4.6.Business performance
9.4.7.Key strategic moves and developments

9.5. CARCHEX

9.5.1.Company overview
9.5.2.Key Executives
9.5.3.Company snapshot
9.5.4.Operating business segments
9.5.5.Product portfolio
9.5.6.Business performance
9.5.7.Key strategic moves and developments

9.6. CARSHIELD, LLC

9.6.1.Company overview
9.6.2.Key Executives
9.6.3.Company snapshot
9.6.4.Operating business segments
9.6.5.Product portfolio
9.6.6.Business performance
9.6.7.Key strategic moves and developments

9.7. CONCORD AUTO PROTECT

9.7.1.Company overview
9.7.2.Key Executives
9.7.3.Company snapshot
9.7.4.Operating business segments
9.7.5.Product portfolio
9.7.6.Business performance
9.7.7.Key strategic moves and developments

9.8. ENDURANCE WARRANTY SERVICES, LLC

9.8.1.Company overview
9.8.2.Key Executives
9.8.3.Company snapshot
9.8.4.Operating business segments
9.8.5.Product portfolio
9.8.6.Business performance
9.8.7.Key strategic moves and developments

9.9. OLIVE

9.9.1.Company overview
9.9.2.Key Executives
9.9.3.Company snapshot
9.9.4.Operating business segments
9.9.5.Product portfolio
9.9.6.Business performance
9.9.7.Key strategic moves and developments

9.10. TATA MOTORS LIMITED

9.10.1.Company overview
9.10.2.Key Executives
9.10.3.Company snapshot
9.10.4.Operating business segments
9.10.5.Product portfolio
9.10.6.Business performance
9.10.7.Key strategic moves and developments

LIST OF TABLES

TABLE 1.GLOBAL AUTO EXTENDED WARRANTY MARKET, BY COVERAGE 2020-2030 ($MILLION)
TABLE 2.AUTO EXTENDED WARRANTY MARKET FOR POWERTRAIN COVERAGE , BY REGION,2020-2030 ($MILLION)
TABLE 3.AUTO EXTENDED WARRANTY MARKET FOR STATED COMPONENT COVERAGE, BY REGION,2020-2030 ($MILLION)
TABLE 4.AUTO EXTENDED WARRANTY MARKET FOR EXCLUSIONARY COVERAGE, BY REGION,2020-2030 ($MILLION)
TABLE 5.GLOBAL AUTO EXTENDED WARRANTY MARKET, BY DISTRIBUTION CHANNEL 2020-2030 ($MILLION)
TABLE 6.AUTO EXTENDED WARRANTY MARKET FOR AUTO DEALERS/MANUFACTURERS, BY REGION,2020-2030 ($MILLION)
TABLE 7.AUTO EXTENDED WARRANTY MARKET FOR THIRD-PARTY PROVIDERS, BY REGION,2020-2030 ($MILLION)
TABLE 8.GLOBAL AUTO EXTENDED WARRANTY MARKET, BY VEHICLE AGE 2020-2030 ($MILLION)
TABLE 9.AUTO EXTENDED WARRANTY MARKET FOR NEW VEHICLE, BY REGION,2020-2030 ($MILLION)
TABLE 10.AUTO EXTENDED WARRANTY MARKET FOR USED VEHICLE, BY REGION,2020-2030 ($MILLION)
TABLE 11.GLOBAL AUTO EXTENDED WARRANTY MARKET, BY APPLICATION 2020-2030 ($MILLION)
TABLE 12.AUTO EXTENDED WARRANTY MARKET FOR PERSONAL, BY REGION,2020-2030 ($MILLION)
TABLE 13.AUTO EXTENDED WARRANTY MARKET FOR COMMERCIAL, BY REGION,2020-2030 ($MILLION)
TABLE 14.AUTO EXTENDED WARRANTY MARKET FOR , BY REGION, 2020-2030 ($MILLION)
TABLE 15.NORTH AMERICA AUTO EXTENDED WARRANTY, BY COVERAGE 2020-2030 ($MILLION)
TABLE 16.NORTH AMERICA AUTO EXTENDED WARRANTY, BY DISTRIBUTION CHANNEL 2020-2030 ($MILLION)
TABLE 17.NORTH AMERICA AUTO EXTENDED WARRANTY, BY VEHICLE AGE 2020-2030 ($MILLION)
TABLE 18.NORTH AMERICA AUTO EXTENDED WARRANTY, BY APPLICATION 2020-2030 ($MILLION)
TABLE 19.NORTH AMERICA AUTO EXTENDED WARRANTY, BY REGION,2020-2030 ($MILLION)
TABLE 20.EUROPE AUTO EXTENDED WARRANTY, BY COVERAGE 2020-2030 ($MILLION)
TABLE 21.EUROPE AUTO EXTENDED WARRANTY, BY DISTRIBUTION CHANNEL 2020-2030 ($MILLION)
TABLE 22.EUROPE AUTO EXTENDED WARRANTY, BY VEHICLE AGE 2020-2030 ($MILLION)
TABLE 23.EUROPE AUTO EXTENDED WARRANTY, BY APPLICATION 2020-2030 ($MILLION)
TABLE 24.EUROPE AUTO EXTENDED WARRANTY, BY REGION,2020-2030 ($MILLION)
TABLE 25.ASIA-PACIFIC AUTO EXTENDED WARRANTY, BY COVERAGE 2020-2030 ($MILLION)
TABLE 26.ASIA-PACIFIC AUTO EXTENDED WARRANTY, BY DISTRIBUTION CHANNEL 2020-2030 ($MILLION)
TABLE 27.ASIA-PACIFIC AUTO EXTENDED WARRANTY, BY VEHICLE AGE 2020-2030 ($MILLION)
TABLE 28.ASIA-PACIFIC AUTO EXTENDED WARRANTY, BY APPLICATION 2020-2030 ($MILLION)
TABLE 29.ASIA-PACIFIC AUTO EXTENDED WARRANTY, BY REGION,2020-2030 ($MILLION)
TABLE 30.LAMEA AUTO EXTENDED WARRANTY, BY COVERAGE 2020-2030 ($MILLION)
TABLE 31.LAMEA AUTO EXTENDED WARRANTY, BY DISTRIBUTION CHANNEL 2020-2030 ($MILLION)
TABLE 32.LAMEA AUTO EXTENDED WARRANTY, BY VEHICLE AGE 2020-2030 ($MILLION)
TABLE 33.LAMEA AUTO EXTENDED WARRANTY, BY APPLICATION 2020-2030 ($MILLION)
TABLE 34.LAMEA AUTO EXTENDED WARRANTY, BY REGION,2020-2030 ($MILLION)
TABLE 35.AAA WARRANTY SERVICES: COMPANY SNAPSHOT
TABLE 36.AAA WARRANTY SERVICES: OPERATING SEGMENTS
TABLE 37.AMTRUST FINANCIAL: COMPANY SNAPSHOT
TABLE 38.AMTRUST FINANCIAL: OPERATING SEGMENTS
TABLE 39.ASSURANT, INC.: COMPANY SNAPSHOT
TABLE 40.ASSURANT, INC.: OPERATING SEGMENTS
TABLE 41.AXA: COMPANY SNAPSHOT
TABLE 42.AXA: OPERATING SEGMENTS
TABLE 43.CARCHEX: COMPANY SNAPSHOT
TABLE 44.CARCHEX: OPERATING SEGMENTS
TABLE 45.CARSHIELD, LLC: COMPANY SNAPSHOT
TABLE 46.CARSHIELD, LLC: OPERATING SEGMENTS
TABLE 47.CONCORD AUTO PROTECT: COMPANY SNAPSHOT
TABLE 48.CONCORD AUTO PROTECT: OPERATING SEGMENTS
TABLE 49.ENDURANCE WARRANTY SERVICES, LLC: COMPANY SNAPSHOT
TABLE 50.ENDURANCE WARRANTY SERVICES, LLC: OPERATING SEGMENTS
TABLE 51.OLIVE: COMPANY SNAPSHOT
TABLE 52.OLIVE: OPERATING SEGMENTS
TABLE 53.TATA MOTORS LIMITED: COMPANY SNAPSHOT
TABLE 54.TATA MOTORS LIMITED: OPERATING SEGMENTS

LIST OF FIGURES

FIGURE 1.GLOBAL AUTO EXTENDED WARRANTY MARKET SEGMENTATION
FIGURE 2.TOP INVESTMENT POCKET
FIGURE 3.TOP WINNING STRATEGIES (%)
FIGURE 4.AUTO EXTENDED WARRANTY MARKET FOR POWERTRAIN COVERAGE , 2020-2030 ($MILLION)
FIGURE 5.AUTO EXTENDED WARRANTY MARKET FOR STATED COMPONENT COVERAGE, 2020-2030 ($MILLION)
FIGURE 6.AUTO EXTENDED WARRANTY MARKET FOR EXCLUSIONARY COVERAGE, 2020-2030 ($MILLION)
FIGURE 7.AUTO EXTENDED WARRANTY MARKET FOR AUTO DEALERS/MANUFACTURERS, 2020-2030 ($MILLION)
FIGURE 8.AUTO EXTENDED WARRANTY MARKET FOR THIRD-PARTY PROVIDERS, 2020-2030 ($MILLION)
FIGURE 9.AUTO EXTENDED WARRANTY MARKET FOR NEW VEHICLE, 2020-2030 ($MILLION)
FIGURE 10.AUTO EXTENDED WARRANTY MARKET FOR USED VEHICLE, 2020-2030 ($MILLION)
FIGURE 11.AUTO EXTENDED WARRANTY MARKET FOR PERSONAL, 2020-2030 ($MILLION)
FIGURE 12.AUTO EXTENDED WARRANTY MARKET FOR COMMERCIAL, 2020-2030 ($MILLION)
FIGURE 13.GLOBAL AUTO EXTENDED WARRANTY, BY REGION,2020 (%)
FIGURE 14.U.S. AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 15.CANADA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 16.GERMANY AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 17.UK AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 18.FRANCE AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 19.ITALY AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 20.SPAIN AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 21.REST OF EUROPE AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 22.CHINA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 23.JAPAN AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 24.INDIA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 25.AUSTRALIA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 26.SOUTH KOREA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 27.REST OF ASIA-PACIFIC AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 28.LATIN AMERICA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 29.MIDDLE EAST AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)
FIGURE 30.AFRICA AUTO EXTENDED WARRANTY MARKET, 2020-2030 ($MILLION)

 
 

Auto extended warranty providers are looking forward to implementing advanced technologies such as artificial intelligence (AI) and machine learning to enhance products and services according to customer. Increase in economic strength of the developing nations such as China and India is expected to provide lucrative opportunities for the market growth. Furthermore, technological advances such as telematics, including black box, navigation & direction, OBD2 devices, and other connected devices in vehicles propel the growth of the market, by giving an opportunity to auto extended warranty companies to provide products linked to in-vehicle telematics along with the standard coverage.

In the auto extended warranty market, companies are adopting new business and funding models to reduce operational costs and improve customer experience in the market. Moreover, manufacturers play a vital role in providing auto extended warranty services with standard protocols for car sales in the market. Auto extended warranties offer manufacturers the potential to generate extra revenue through dealers and at the same time helps in retaining customers by building harmonious relationship with them. 

Furthermore, manufacturers increase their revenue from premiums by deducting payouts for extended warranties. Consequently, awareness for auto extended warranty, especially for used cars, have increased among consumers and current technological changes, such as the blockchain technology, has led to innovation and new trends in the auto extended warranty industry The global players focus on product development to increase their geographical presence, owing to increase in competition among local vendors, in terms of features, quality, and price. 
 

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A. The Auto Extended Warranty Market is estimated to grow at a CAGR of 5.9% from 2021 to 2030.

A. The Auto Extended Warranty Market is projected to reach $60.82 billion by 2030.

A. To get the latest version of sample report

A. Increased awareness for extended warranty and rise in number of costly repair bills etc. boost the Auto Extended Warranty market growth.

A. The key players profiled in the report include AAA Warranty Services, AmTrust Financial, ASSURANT INC., AXA, CARCHEX, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Auto Extended Warranty Market is segmented on the basis of coverage, distribution channel, vehicle age, application, and region.

A. The key growth strategies of Auto Extended Warranty market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Asia-Pacific region would grow at a highest CAGR of 9.6% during the forecast period.

A. Auto Dealers/Manufacturers segment will dominate the market by the end of 2030.

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