Press release
Auto Extended Warranty Market Expected to Reach $60.82 billion by 2030 | Current Trends and Industry Analysis
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.
At the same time, restraining factors that are expected to obstruct or hold the growth of the industry are also presented by our expert analysts in order to provide the key market players with a detailed scenario of future threats in advance. Furthermore, the report provides a quantitative and qualitative analysis of the market and outlines the pain point analysis, value chain analysis, and key regulations.
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The worldwide Auto Extended Warranty marketplace record gives a complete observation of the dynamic driving and restraining factors, major challenges, and lucrative opportunities. Moreover, the study covers a SWOT analysis that aids in recognizing the restraining and driving factors in the market. Furthermore, the report outlines market segmentation and growth analysis of the top 10 market players that are currently active in the industry. The drivers and opportunities help in grasping the dynamic market trends and how market players can leverage such trends.
A comprehensive analysis of each segment and sub-segment is provided in the research. In addition, the tabular and graphical representation of each segment and sub-segment will assist Auto Extended Warranty market players in understanding the largest revenue-generating segments and driving factors thoroughly. This analysis is valuable in identifying the fastest-growing segments as well as strategizing to gain long-term growth.
Leading market players in the global Auto Extended Warranty Market include:
AAA Warranty Services, AmTrust Financial, ASSURANT INC., AXA, CARCHEX, CarShield LLC, Concord Auto Protect, Endurance Warranty Services LLC, Olive, and TATA Motors Limited
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Key Market Segments:
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:
1) North America- (U.S., Canada, Mexico)
2) Europe- (Germany, UK, France, Spain, Italy, Rest of Europe)
3) Asia-Pacific- (China, India, Japan, South Korea, Australia, Rest of Asia-Pacific)
4) LAMEA- (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
The Covid-19 outbreak has had a significant effect on the world. Some sectors thrived during the pandemic while some faced tremendous losses. As per the restrictions and guidelines issued by World Health Organization (WHO), the majority of the manufacturing and production facilities were closed or working at low potential. Moreover, the prolonged lockdown created challenges in the procurement of raw materials. These factors create a huge gap in supply and demand and disrupted the supply chain. However, as the world is recovering from the pandemic, the Auto Extended Warranty market is expected to get back on track.
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