Global auto extended warranty market to reach USD xx billion by 2027. Global auto extended warranty market is valued approximately at USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of about xx% over the forecast period 2021-2027. Auto extended warranty refers to a type of insurance policy which is designed to cover the costs associated with wear and tear occurred to car after expiration of manufacturer's warranty. Such services are an optional warranty provided by dealerships, manufacturers, and independent providers at an extra cost over the purchase price of the product. Auto extended warranty offers protection on specific electrical and mechanical components such as electrical system, air conditioning, powertrain, and other systems, which are usually not covered under general auto warranty service. The global auto extended warranty market is being driven by rise in number of costly repairs bills and surge in the penetration of laptops, tablets, and smartphones. Furthermore, innovative services offered by major auto extended warranty players will provide new opportunities for the global auto extended warranty industry. According to Statista, number of mobile users across the globe is expected to increase from 6.95 billion in 2020 to approximately 7.49 billion by 2025. Such growth in the number of mobile users is expected to increase the adoption of these devices for auto extended warranty and hence, is expected to boost the market growth. However, decline in sale of cars in some regions may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global auto extended warranty market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global auto extended warranty market over the forecast period 2021-2027. Factors such as increase in the consumers availing EWSCs (auto extended warranties & service contracts) from different parties such as sellers of goods, third-party insurers and manufacturers, growth in automotive industry, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
AAA Warranty Services
Amtrust Financial
Assurant, Inc.
AXA
Carchex
Carshield, LLC
Concord Auto Protect
Endurance Warranty Services, LLC
Olive
Tata Motors Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Coverage:
Powertrain Coverage
Stated Component Coverage
Exclusionary Coverage
By Distribution Channel:
Auto Dealers/Manufacturers
Third-Party Providers
By Vehicle Age:
New Vehicle
Used Vehicle
By Application:
Personal
Commercial
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Auto Extended Warranty Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors