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Auto Extended Warranty Providers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Auto Extended Warranty Providers Market Research Report | Advisory & Financial Services | Specialist Insurance Lines | Aug 2014

Extended recovery: A gradual increase in new car purchases will bolster demand

IBISWorld’s Auto Extended Warranty Providers market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Amtrust Amtrust market share
Assurant Solutions Assurant Solutions market share
Protective Protective market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
-0.3%
Annual Growth 14-19
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Profit
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Employment
6,035
Businesses
226
Industry Analysis & Industry Trends

The Auto Extended Warranty Providers industry has suffered losses from a slow economy and changing trends in auto warranties. Automobile manufacturers are increasingly offering more comprehensive warranty plans, making extended warranty less attractive to new car buyers. During the next five years, industry revenue is forecast to grow. As the economy improves, more consumers will purchase new cars and consequently more extended warranty plans. However, growth will continue to be hampered by competition from warranty plans offered by auto manufacturers and car dealerships.... purchase to read more

Industry Report - Industry Investment Chapter

The Auto Extended Warranty Providers industry has a low-level of capital requirements. In 2014, for every dollar spent on labor, the industry spends about $0.11 on capital. The industry is primarily labor-intensive, relying on the skills of customer service professionals, underwriters, and claims assessors to sell, underwrite, assess and process claims. Capital expenses primarily take the form of technology upgrades. Providers are increasingly using information technology systems to track policies and payments, and manage and process claims. They are also continually upgrading their systems to provide higher quality customer service and a hassle-free claims process... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Auto Extended Warranty Providers Industry?

This industry provides automobile owners with extended warranty protection. The manufacturer or the authorized auto dealer does not underwrite these warranties, which extend beyond the manufacturer and dealer warranties. This type of warranty is purchased after the manufacturer or authorized dealer warranty expires. As a result, these warranties are primarily provided by a third-party organization.

Industry Products
Stated competent coveragePowertrain coverageBumper-to-bumper coverageOther coverage
 
Industry Activities
Basic coveragePremium coverage


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