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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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 Analysis Chapter

The Auto Extended Warranty Providers industry has faced hardship over the past five years, with industry revenue estimated to decline at an average annual rate of 0.3% to $4.3 billion in 2014. Growth has been hampered by increasing price competition among industry operators. Additionally, poor sales of new automobiles during the recession placed additional strain on revenue. In 2009, the industry declined 4.8% as the number of motor vehicle registrations fell during the year, reducing the number of drivers and, consequently, the number of extended warranty plans purchased. Furthermore, decreasing per capita disposable income in the same year deterred consumers from purchasing auto extended warranty plans... 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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