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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
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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 SWOT Analysis Chapter

The Auto Extended Warranty Providers industry is in the declining stage of its life cycle. IBISWorld estimates that in the 10 years to 2019, the industry value-added (IVA), which measures the industry's contribution to the overall economy, is expected to grow at an average annual rate of 0.4%, compared with overall GDP growth of 2.5% over the same period. The industry's relative slow growth over the period is expected to be a result of changing trends in auto warranty plans and poor economic conditions.

Over the past 10 years, the number of industry operators is anticipated to decline at an average annual rate of 1.1%... 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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