PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1337517
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1337517
Auto Extended Warranty Market Introduction and Overview
According to SPER Market Research, 'Auto Extended Warranty Market Size- By Coverage, By Distribution channel, By Vehicle Age, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033' state that the Auto Extended Warranty Market is predicted to reach USD 68.51 billion by 2033 with a CAGR of 6.13%.
Global Auto Extended Warranty is designed to tackle tear and wear based on cars. It is a kind of insurance policy. This warranty is optional. It is provided at an extra cost by manufacturers, and dealers. The global auto extended warranty covers a variety of electrical and mechanical components. The electrical system, air conditioning, and powertrain do not come under the general auto warranty services. The auto extended warranty market will show rapid growth during their forecast period.
The global economic slowdown due to the surge in COVID-19 cases has particularly affected the world negatively. The global auto extended market leads to a decline in sales based on vehicles when the travel ban is imposed by the government. At that time, the vehicles were not in use, so the chances based on the breakdown of vehicles were more. The market players were then providing services to those owners.
Scope of the Report
Report Metric Details:
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered
By Coverage, By Distribution Channel, By Vehicle Age, By Application
Regions covered Asia-Pacific, Middle East and Africa, Europe, North America, Latin America
Companies Covered
AAA Warranty Services, AmTrust Financial, ASSURANT INC., AXA, CARCHEX, Carshield LLC, Concord Auto Protect, Olive, TATA Motors Limited, Others
Auto Extended Warranty Market Segmentation:
By Coverage: Based on the Coverage, Global Auto Extended Warranty Market is segmented as; Powertrain, Stated component, Exclusionary.
By Vehicle Age: Based on the Vehicle Age, Global Auto Extended Warranty Market is segmented as; New Vehicles, and Used Vehicles.
By Application: Based on the Application, Global Auto Extended Warranty Market is segmented as; Personal, and Commercial.
By Region: This research also includes data for Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America.