Auto Extended Warranty Market Size to Grow by USD 12.05 bn, Personal to be Largest Revenue-generating End-user Segment

NEW YORK, Nov. 3, 2022 /PRNewswire/ — The “Auto Extended Warranty Market by End-user (personal and commercial) and Geography (North America, EuropeAPAC, South Americaand Middle East and Africa) – Forecast and Analysis 2022-2026″ report has been added to Technavio’s offer. With ISO 9001:2015 certification, Technavio is proud to partner with more than 100 Fortune 500 companies for more than 16 years .

The difference in the growth rate of the automotive surplus market between 2021 and 2026 is USD 12.05 billion. To find the difference in annual growth and the YOY growth rate, Request a FREE PDF Sample Report.

Key Market Dynamics

Flexible pricing and high demand for extended warranty from the automotive industry are some of the key drivers of the market. However, factors such as the expansion of consumer services will challenge the growth of the market.

To learn about additional key models, trends, and challenges available with Technavio, Check out our PERMANENT Model Report now!

Marketing Division

Through graduates, the personal segment will be a significant contributor to market growth during the forecast period. Dealers are focusing on offering additional auto insurance plans, including mobile insurance, extended service plans, and business protection plans. various such as manufacturing and retail. Additionally, the increase in car ownership among individuals worldwide is also fueling the demand for extended warranty. Therefore, the personal segment is expected to drive the growth of the global automotive media market during the forecast period.

In the map, North America will be the leading strategy with 41% of market growth during the forecast period. The US is an important country for the long-term car insurance market in the region.

Find additional information on the contribution of all sectors and regional opportunities in the report. Shop Now for detailed product information

Some of the companies mentioned are their offerings

• AAA Warranty Services – The company offers warranty coverage for cars, used cars, and tires and wheels.

• The Allstate Corp. – The company offers additional policies, such as car service contracts, mechanical breakdown insurance, and theft protection.

• AmTrust Financial Services Inc. – The company offers vehicle registration for buyers, agents, third-party distributors, and manufacturers.

• Assurant Inc. – The company offers extended vehicle warranty to extend the period that the manufacturer has to use an insurance product.

• AXA Group – The company offers car insurance imports from providers such as Carchex maintenance by Royal.

• Carchex LLC – The company offers car rental with special plans such as Diamond, Platinum, Gold, Silver, motorcycles, and electric cars.

• CarShield – The company offers car insurance such as powertrain, expenses and advanced protection plans.

• Edel Assurance LLP – The company offers auto import as well as safety, profit and quality insurance plans.

• Hyundai Motor Co – The company offers auto parts for engines and transmissions, electrical components, AC systems, and instrument clusters.

• Allianz SE

• Asurion LLC

• Concord Auto Protection

• Certified Company India Pvt. Ltd.

• Endurance Warranty Services LLC

• Repair Ventures LLC

• Tata Motors Ltd.

Keep talking

Want to customize your report? Talk to an analyst and customize your report according to your needs

Estimated Report

Growing Certification Market in the US by Device and Endpoint – Forecast and Analysis 2022-2026: High demand for home appliances is driving the market growth. Users can download the appropriate software to mobile devices and connect their devices via Wi-Fi. The rapid design of home appliances will also stimulate the demand for furniture in the US.

Insurance Brokerage Market by Type and Geography – Forecast and Analysis 2022-2026: The increasing demand for insurance is driving the growth of the insurance market. Buying an insurance policy is an important financial decision for consumers in the global insurance market. The changing demographics of consumers are forcing insurance companies to implement technological innovations and better purchasing and usage strategies. good accounting practices.

Investigate Commercial Market Report

Main Articles Included

1 Executive Summary

2 Market Map

3 Multiple Markets

4 Analysis of the Five Forces

5 Market Segmentation by end user

6 Sales Map

7 Topography

8 Drivers, Challenges, and Trends

9 Selling Maps

10 Consumer Research

11 Add

About us

Technavio is a leading global research and consulting company. Their research and analysis focuses on marketing strategies and provides actionable information to help businesses identify market opportunities and develop effective strategies to optimize their market position.

With more than 500 expert researchers, Technavio’s report library includes more than 17,000 reports and counting, including 800 technologies, in up to 50 countries. Their clientele includes enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive outreach, extensive research, and market performance data to identify opportunities in emerging markets. exist and compete and evaluate their competitive position within the changing market landscape.

Get in touch

Technavio Research
Jesse Maida
Advertising & Marketing Manager
US: +1 844 364 1100
UK: +44 203 893 3200
email:[email protected]
Website: www.technavio.com/

View the first multimedia download: https://www.prnewswire.com/news-releases/auto-extended-warranty-market-size-to-grow-by-usd-12-05 -bn-personal-to-be -big-money-generating-decision-group-personal—technavio-301666214.html

SOURCE Technavio