NEW YORK, Nov. 3, 2022 /PRNewswire/ — The “Auto Extended Warranty Market by End-user (personal and commercial) and Geography (North America, Europe, APAC, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
The potential growth difference for the auto extended warranty market size between 2021 and 2026 is USD 12.05 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.
Key Market Dynamics
The flexible pricing schemes and high demand for extended warranty from the automobile industry are some of the key market drivers. However, factors such as the expansion of service portfolio by vendors will challenge market growth.
To learn about additional key drivers, trends, and challenges available with Technavio, View our FREE Sample Report right now!
Market Segmentation
By end-user, the personal segment will be a significant contributor to market growth during the forecast period. Vendors are focusing on offering auto extended warranty programs, which include mobile insurance, extended service plans, and protection plans for various businesses such as manufacturers and retailers. Moreover, rising automobile ownership among individuals across the world is also propelling the demand for auto extended warranties. Thus, the personal segment is expected to fuel the growth of the global auto extended warranty market during the forecast period.
By geography, North America will be the leading region with 41% of the market’s growth during the forecast period. The US is a key country for the auto extended warranty market in the region.
Find additional insights into the contribution of all the segments and regional opportunities in the report. Buy Now for detailed segment information
Some Companies Mentioned with their Offerings
- AAA Warranty Services – The company offers auto extended warranty for cars, used cars, and tires and wheels.
- The Allstate Corp. – The company offers auto extended warranties, such as vehicle service contracts, mechanical breakdown insurance, and vehicle theft protection.
- AmTrust Financial Services Inc. – The company offers auto extended warranty for dealers, agents, third-party administrators, and manufacturers.
- Assurant Inc. – The company offers auto extended warranty to extend their existing manufacturer warranty period using an insured product.
- AXA Group – The company offers auto 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 auto extended warranty such as powertrain, premium and advanced protection plans.
- Edel Assurance LLP – The company offers auto extended warranty such as secure, advantage and supreme 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 Protect
- Corporate Warranties India Pvt. Ltd.
- Endurance Warranty Services LLC
- Repair Ventures LLC
- Tata Motors Ltd.
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Auto Extended Warranty Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.55% |
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Market growth 2022-2026 |
USD 12.05 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.56 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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. |
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Market Dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Key Topics Covered
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 Personal – Market size and forecast 2021-2026
- Exhibit 28: Chart on Personal – Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Personal – Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Personal – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Personal – Year-over-year growth 2021-2026 (%)
- 5.4 Commercial – Market size and forecast 2021-2026
- Exhibit 32: Chart on Commercial – Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Commercial – Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Commercial – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Commercial – Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by End-user
- Exhibit 36: Market opportunity by End-user ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 54: Chart on South America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 UK – Market size and forecast 2021-2026
- Exhibit 66: Chart on UK – Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on UK – Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.10 Germany – Market size and forecast 2021-2026
- Exhibit 70: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.11 China – Market size and forecast 2021-2026
- Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.12 Japan – Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan – Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Japan – Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Japan – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 AAA Warranty Services
- Exhibit 89: AAA Warranty Services – Overview
- Exhibit 90: AAA Warranty Services – Product / Service
- Exhibit 91: AAA Warranty Services – Key offerings
- 10.4 AmTrust Financial Services Inc.
- Exhibit 92: AmTrust Financial Services Inc. – Overview
- Exhibit 93: AmTrust Financial Services Inc. – Product / Service
- Exhibit 94: AmTrust Financial Services Inc. – Key news
- Exhibit 95: AmTrust Financial Services Inc. – Key offerings
- 10.5 Assurant Inc.
- Exhibit 96: Assurant Inc. – Overview
- Exhibit 97: Assurant Inc. – Business segments
- Exhibit 98: Assurant Inc. – Key offerings
- Exhibit 99: Assurant Inc. – Segment focus
- 10.6 AXA Group
- Exhibit 100: AXA Group – Overview
- Exhibit 101: AXA Group – Business segments
- Exhibit 102: AXA Group – Key offerings
- Exhibit 103: AXA Group – Segment focus
- 10.7 Carchex LLC
- Exhibit 104: Carchex LLC – Overview
- Exhibit 105: Carchex LLC – Product / Service
- Exhibit 106: Carchex LLC – Key offerings
- 10.8 CarShield
- Exhibit 107: CarShield – Overview
- Exhibit 108: CarShield – Product / Service
- Exhibit 109: CarShield – Key offerings
- 10.9 Concord Auto Protect
- Exhibit 110: Concord Auto Protect – Overview
- Exhibit 111: Concord Auto Protect – Product / Service
- Exhibit 112: Concord Auto Protect – Key offerings
- 10.10 Endurance Warranty Services LLC
- Exhibit 113: Endurance Warranty Services LLC – Overview
- Exhibit 114: Endurance Warranty Services LLC – Product / Service
- Exhibit 115: Endurance Warranty Services LLC – Key offerings
- 10.11 Repair Ventures LLC
- Exhibit 116: Repair Ventures LLC – Overview
- Exhibit 117: Repair Ventures LLC – Product / Service
- Exhibit 118: Repair Ventures LLC – Key offerings
- 10.12 Tata Motors Ltd.
- Exhibit 119: Tata Motors Ltd. – Overview
- Exhibit 120: Tata Motors Ltd. – Business segments
- Exhibit 121: Tata Motors Ltd. – Key news
- Exhibit 122: Tata Motors Ltd. – Key offerings
- Exhibit 123: Tata Motors Ltd. – Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 124: Inclusions checklist
- Exhibit 125: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 126: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 127: Research methodology
- Exhibit 128: Validation techniques employed for market sizing
- Exhibit 129: Information sources
- 11.5 List of abbreviations
- Exhibit 130: List of abbreviations
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