Press release
Auto Extended Warranty Market is expected to grow by 6.8% from 2024 to 2030, as per Maximize Market Research
Auto Extended Warranty Market, Auto Extended Warranty Market Size, Auto Extended Warranty Market Share,
The Auto Extended Warranty Market size was valued at USD 34.66 Billion in 2023 and the total Auto Extended Warranty revenue is expected to grow by 6.8% from 2024 to 2030, reaching nearly USD 54.93 Billion. This recent market analysis report provides a plethora of valuable information and data, such as worldwide market size, regional percentages, and competitor market participation. Furthermore, it includes up-to-date trends, future possibilities, and crucial information for achieving success in the sector.
Request For Free Sample Report : https://www.maximizemarketresearch.com/request-sample/209410/
More cars on road are driving the Auto Extended Warranty Market
It is anticipated that the increasing need for manufacturing cars will drive the growth of the extended auto warranty market in the future. The field of automotive covers the creation, advancement, manufacturing, and upkeep of motor vehicles like cars, trucks, motorcycles, and more. Auto extended warranties help improve consumer trust in buying vehicles, encourage brand loyalty, and drive manufacturing standards towards better quality to reduce warranty claims and enhance customer satisfaction in the long run. In May 2023, the European Automobile Manufacturers Association (ACEA) reported that 85.4 million cars were produced globally in 2022, showing a 5.7% rise from the previous year. Thus, the increasing need for car manufacturing is fueling the expansion of the extended auto warranty industry.
Innovation in warranties trending in Auto Extended Warranty Market
Leading organizations in the industry are prioritizing inventive car extended warranties to boost earnings in the market. An any time guarantee package is usually a type of guarantee or customer service agreement provided by a producer or service provider that enables clients to buy extended coverage for a product at any moment, regardless of the purchase date of the original product or the expiration of the standard warranty period. In February 2023, Skoda Auto a.s., a car manufacturer from the Czech Republic, launched the new anytime warranty package in India to improve customer satisfaction and ownership experience. This warranty package, valid for 1 year or 20,000 kilometers, is specifically for older models of Kodiaq, Superb, Octavia, Yeti, and Rapid and can be transferred to the new owner. The anytime warranty can be purchased for Skoda vehicles up to seven years old and with less than 130,000 kilometers. Customers with expired contracts are also eligible for the anytime warranty.
The Interested Stakeholders can Enquire for the Purchase of the Report : https://www.maximizemarketresearch.com/inquiry-before-buying/209410/ ๏ปฟ
Also in news on the topic
Sept 2024 Best Extended Car Warranty by newsweek vault
July 2024 Pune: Maruti Suzuki, India's biggest car maker, has extended its warranty programmes for all its vehicles
Auto Extended Warranty Market Segmentation
by Coverage
Powertrain Coverage
Stated Component Coverage
Exclusionary Coverage
by Vehicle Age
New Vehicle
Used Vehicle
by Application
Personal
Commercial
by End-User
Direct to Consumer (DTC)
Dealerships
Independent third-party providers
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Auto Extended Warranty Market Key Players
Assurant (United States)
Endurance Warranty (United States)
CARCHEX (United States)
Ally Financial (United States)
American Auto Shield (United States)
Warranty Direct (United Kingdom)
Zurich (Switzerland)
Mondial Assistance (Allianz Partners) (France)
Autoguard Warranties (United Kingdom)
CarProtect (Ireland)
CarSure (Germany)
ICBC (China)
Ping An Insurance (China)
Bajaj Allianz General Insurance (India)
Tata AIG General Insurance (India)
SBI General Insurance (India)
Tawuniya (Saudi Arabia)
AXA Insurance Gulf (United Arab Emirates)
Oman Insurance Company (United Arab Emirates)
SANAD Cooperative Insurance and Reinsurance (Saudi Arabia)
Porto Seguro (Brazil)
Mapfre (Spain)
HDI Seguros (Germany)
Bradesco Seguros (Brazil)
SulAmรฉrica Seguros (Brazil)
Key questions answered in the Auto Extended Warranty Market are:
What are the future developments in the global Extended Warranty Market?
What is the approximate size of the Extended Warranty industry?
What are the leading companies dominating the market share in Extended Warranty?
What is the biggest regional market for Extended Warranty?
What is the primary use of the Extended Warranty Market?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/auto-extended-warranty-market/209410/
Key Offerings:
Past Auto Extended Warranty Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Auto Extended Warranty Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Auto Extended Warranty Market Segmentation - A detailed analysis by segment with their sub-segments and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of Business by Region
Lucrative business opportunities with SWOT analysis
Recommendations
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