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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

The Auto Extended Warranty Providers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Starting a New Business Chapter

The barriers to enter the Auto Extended Warranty Providers industry are moderate and on the rise. New providers must adhere to a number of stringent laws and regulatory standards. For example, many states have enacted laws dictating that providers adhere to ethical marketing techniques. This is in response to the negative image many consumers have of the industry, especially with regard to the 2009 collapse of US Fidelis. Moreover, the Service Contract Industry Council (SCIC) proactively campaigns its regulatory framework to develop anti-scam laws. US states are progressively implementing these SCIC measures, which include clearly defining the industry and providing more consumer protection... 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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