Auto Extended Warranty Market is expected to grow by 6.8% from 2024 to 2030

(IT-NEWSWIRE.COM, June 28, 2024 ) As per Maximize Market Research Market, 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

Auto Extended Warranty Market Scope and Methodology:

The Auto extended Warranty Market report covers market size, trends, and regional analysis. It examines product types, applications, and competitive landscape. The research methodology includes primary data from industry experts and secondary data from credible sources. Both quantitative and qualitative analyses are utilized to provide comprehensive insights and market forecasts.

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Auto Extended Warranty Market Dynamics:

Increased vehicle complexity and longer vehicle ownership periods are the drivers of auto extended market which influences the growth of market. It has opportunities in customized coverage options, digital platforms and value-added services. Market has restraints and challenges in consumer perception and trust and competition and pricing pressure.

Auto Extended Warranty Market Regional Analysis:

Auto Extended Warranty Market is highly competitive in North America due to vehicle usage, consumer awareness and demand for extended protection beyond manufacturer’s warranty. This market is growing in countries like Europe, Asia Pacific, Middle East and Africa and South America because of many reasons out of which due to increasing vehicle sales and rising middle-class population.

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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 includes:

Assurant

Endurance Warranty

CARCHEX

Ally Financial

American Auto Shield

Warranty Direct

Maximize Market Research is leading Automotive and Transportation research firm, has also published the following reports:

Air Freight Market– The market size was valued at USD 296.63 Billion in 2022 and is expected to reach USD 440.16 Billion by 2029, exhibiting a CAGR of 5.8% during the forecast period (2023-2029)

Public Transportation Market- The market size was valued at USD 231.56 Bn in 2023 and is expected to reach USD 389.20 Bn by 2030, at a CAGR of 7.7%

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Auto Extended Warranty Market is expected to grow by 6.8% from 2024 to 2030