According to a market report by Lucintel, the future of the global auto extended warranty market looks promising with opportunities in the personal and commercial markets. The global auto extended warranty market is expected to reach an estimated $44.3 billion by 2030 from $32.0 billion in 2024, at a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are rising product complexities and increasing demand for financial protection against unforeseen defects or malfunctions.
A more than 150-page report to understand trends, opportunity and forecast in auto extended warranty market to 2030 by coverage (powertrain coverage, stated component coverage, and exclusionary coverage), distribution channel (auto dealers/manufacturers and third-party providers), vehicle age (new vehicle and used vehicle), application (personal and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that powertrain coverage will remain the largest segment over the forecast period.
Within this market, personal will remain the larger segment due to a high number of individual car owners.
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North America is expected to witness the highest growth over the forecast period due to the growing demand for vehicles and increasing consumer awareness toward extended protection beyond the manufacturer warranty.
CARSHIELD, ENDURANCE WARRANTY SERVICES, CARCHEX, CONCORD AUTO PROTECT, AMTRUST FINANCIAL, OLIVE, ASSURANT are the major suppliers in the auto extended warranty market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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