Global Automotive Extended Warranty Market (2021 to 2030)

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Dublin, September 28, 2021 (GLOBE NEWSWIRE) – The “Automotive Warranty Extension Market by Coverage, Distribution Channel, Vehicle Age and Application: Global Opportunity Analysis and Industry Forecast, 2021-2030” report was added to ResearchAndMarkets.com offer.

An automatic extended warranty begins after the manufacturer’s warranty expires and provides repair of defective products fitted in cars, including parts and labor. Some automatic extended warranties are called date of purchase agreements (DOPs) which surround a manufacturer’s warranty, providing services that “augment” the manufacturer’s warranty. An auto warranty extension is a lot like insurance products. It’s underwritten, often by the same large insurance companies from which consumers and businesses buy life and home insurance. Insurers must “set aside” funds to pay for events that may be the subject of a claim, such as car breakdown.

Additionally, the Automobile Extended Warranty Protection Plan is a separate consumer purchase contract and is designed to provide additional protection for cars. However, consumers face several challenges when dealing with extended auto warranties. For example, retailers that do not repair in-store typically sell extended auto warranties, which are third-party policies. Therefore, although the consumer buys the warranties from retailers, another company handles the claims processes.

Increased awareness of extended warranty and rising number of costly repair invoices are the major factors driving the growth of the global automotive extended warranty market. In addition, declining car sales are slowing the growth of the market. In addition, the innovative services offered by the major players in automobile extended warranty and increasing demand for extended warranty coverage in automobiles are expected to provide lucrative opportunities for market expansion during the forecast period.

The automotive warranty extension market is segmented on the basis of coverage, distribution channel, vehicle age, application, and region. By coverage, it is fragmented into powertrain coverage, reported component coverage, and exclusion coverage. By distribution channel, it is divided into car dealers / manufacturers and third party suppliers. Depending on the age of the vehicle, it is divided into new vehicle and used vehicle. By application, it is classified into personal and commercial. By region, the market is analyzed to North America, Europe, Asia-Pacific, and LAMEA.

The major players presented in the Automotive Extended Warranty 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 players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

Main benefits for stakeholders

  • The study provides an in-depth analysis of the global automotive extended warranty systems market along with current trends and future estimates to elucidate impending pockets of investment.

  • Information on key drivers, restraints, and opportunities and their impact analysis on global automotive extended warranty market size is provided in the report.

  • Porter’s Five Forces Analysis illustrates the power of buyers and suppliers operating in the industry.

  • Quantitative analysis of the market from 2020 to 2030 is provided to determine the potential of the market.

Main topics covered:

CHAPTER 1 INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET LANDSCAPE
3.1. DEFINITION AND SCOPE OF THE MARKET
3.2. MAIN CONCLUSIONS
3.2.1. The best investment pockets
3.2.2. The best winning strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. The threat of new participants
3.3.3. The threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power between buyers
3.4. MARKET SHARE ANALYSIS / POSITIONING OF THE BEST PLAYERS 2020
3.5. MARKET DYNAMICS
3.5.1. Conductors
3.5.2. Constraints
3.5.3. Opportunities
3.6. COVID-19 IMPACT ASSESSMENT ON THE AUTOMATIC EXTENDED WARRANTY MARKET
3.6.1. Impact on the size of the automotive extended warranty market
3.6.2. Change in trends, preferences and budget impact of end users due to COVID-19
3.6.3. Regulatory Framework to Address Market Challenges Facing Automotive Extended Warranty Providers
3.6.4. Economic impact on automotive extended warranty providers
3.6.5. Strategies of key players to fight against the negative impact in the industry
3.6.6. Analysis of opportunities for companies offering an extended automobile warranty

CHAPTER 4: AUTOMATIC EXTENDED GUARANTEE MARKET PER COVER
4.1. PREVIEW
4.2. COVER OF THE POWERTRAIN GROUP
4.2.1. Key market trends, growth drivers and opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market share analysis, by country
4.3. STATEMENT OF COMPONENT COVERAGE
4.3.1. Key market trends, growth drivers and opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market share analysis, by country
4.4. EXCLUSIONAL COVER
4.4.1. Key market trends, growth drivers and opportunities
4.4.2. Market Size and Forecast, by Region
4.4.3. Market share analysis, by country

CHAPTER 5: AUTOMATIC EXTENDED WARRANTY MARKET PER DISTRIBUTION CHANNEL
5.1. PREVIEW
5.2. AUTOMOTIVE DEALERS / MANUFACTURERS
5.2.1. Key market trends, growth drivers and opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market share analysis, by country
5.3. THIRD PARTY SERVICE PROVIDERS
5.3.1. Key market trends, growth drivers and opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market share analysis, by country

CHAPTER 6: AUTOMATIC EXTENDED WARRANTY MARKET BY VEHICLE AGE
6.1. PREVIEW
6.2. NEW VEHICLE
6.2.1. Key market trends, growth drivers 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 drivers and opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market share analysis, by country

CHAPTER 7: AUTOMATIC EXTENDED WARRANTY MARKET PER APPLICATION
7.1. PREVIEW
7.2. STAFF
7.2.1. Key market trends, growth drivers 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 drivers and opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market share analysis, by country

CHAPTER 8: AUTOMATIC EXTENDED WARRANTY MARKET BY REGION

CHAPTER 9: COMPANY PROFILES
9.1. AAA WARRANTY SERVICES
9.1.1. Company presentation
9.1.2. Key leaders
9.1.3. Company overview
9.1.4. Operational business sectors
9.1.5. Product portfolio
9.1.6. Company performance
9.1.7. Key strategic movements and developments
9.2. FINANCIAL AMTRUST
9.2.1. Company presentation
9.2.2. Key leaders
9.2.3. Company overview
9.2.4. Operational business sectors
9.2.5. Product portfolio
9.2.6. Company performance
9.2.7. Key strategic movements and developments
9.3. ASSURANT, INC.
9.3.1. Company presentation
9.3.2. Key leaders
9.3.3. Company overview
9.3.4. Operational business sectors
9.3.5. Product portfolio
9.3.6. Company performance
9.3.7. Key strategic movements and developments
9.4. AXA
9.4.1. Company presentation
9.4.2. Key leaders
9.4.3. Company overview
9.4.4. Operational business sectors
9.4.5. Product portfolio
9.4.6. Company performance
9.4.7. Key strategic movements and developments
9.5. CARCHEX
9.5.1. Company presentation
9.5.2. Key leaders
9.5.3. Company overview
9.5.4. Operational business sectors
9.5.5. Product portfolio
9.5.6. Company performance
9.5.7. Key strategic movements and developments
9.6. CARSHIELD, LLC
9.6.1. Company presentation
9.6.2. Key leaders
9.6.3. Company overview
9.6.4. Operational business sectors
9.6.5. Product portfolio
9.6.6. Company performance
9.6.7. Key strategic movements and developments
9.7. CONCORD AUTO PROTECT
9.7.1. Company presentation
9.7.2. Key leaders
9.7.3. Company overview
9.7.4. Operational business sectors
9.7.5. Product portfolio
9.7.6. Company performance
9.7.7. Key strategic movements and developments
9.8. ENDURANCE WARRANTY SERVICES, LLC
9.8.1. Company presentation
9.8.2. Key leaders
9.8.3. Company overview
9.8.4. Operational business sectors
9.8.5. Product portfolio
9.8.6. Company performance
9.8.7. Key strategic movements and developments
9.9. OLIVE
9.9.1. Company presentation
9.9.2. Key leaders
9.9.3. Company overview
9.9.4. Operational business sectors
9.9.5. Product portfolio
9.9.6. Company performance
9.9.7. Key strategic movements and developments
9.10. TATA MOTORS LIMITED
9.10.1. Company presentation
9.10.2. Key leaders
9.10.3. Company overview
9.10.4. Operational business sectors
9.10.5. Product portfolio
9.10.6. Company performance
9.10.7. Key strategic movements and developments

For more information on this report, visit https://www.researchandmarkets.com/r/c5i6d7

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