Overview

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

IBISWorld’s Auto Extended Warranty Providers market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Comprehensive warranty plans from automobile manufacturers reduced industry demand
  • The average age of the vehicle fleet is expected to grow
  • Car dealerships will likely lower prices on their extended warranty plans to be more competitive

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    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. Over 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...

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    Industry Report - Industry SWOT Analysis Chapter

    The Auto Extended Warranty Providers industry is in the mature stage of its life cycle. IBISWorld estimates that over the 10 years to 2021, the industry value-added (IVA), which measures the industry's contribution to the overall economy, is expected to grow at an annualized rate of 3.0%, compared with overall GDP growth of 2.1% during the same period. The industry's strong growth over the period is expected to be a result of industry improvements during the postrecessionary period.

    Over the 10 years to 2021, the number of industry operators is anticipated to decline at an annualized rate of 0.8%. The decline in the number of participants in the industry is a result of consolidation among industry operators, which is indicative of a mature industry. Mor..

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    Additional Insights for the Auto Extended Warranty Providers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Auto Extended Warranty Providers Industry are

  • Claims processing service must be user friendly
  • Ensuring pricing policy is appropriate
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Average age of vehicle fleet and Number of motor vehicle registrations in the Auto Extended Warranty Providers industry impact industry performance..

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    Industry Products

    What is the Auto Extended Warranty Providers Industry?

    This industry provides automobile owners with extended warranty protection. These warranty plans are offered by the manufacturer or auto dealer at the time of purchase and are typically included in the price of the vehicle. Third-party warranty providers, who sell warranty plans after the initial purchase of the vehicle, are also included in this industry.

    Industry Products
    Stated competent coverage
    Powertrain coverage
    Bumper-to-bumper coverage
    Other coverage
    Industry Activities
    Basic coverage
    Premium coverage

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Average age of vehicle fleet
  • Number of motor vehicle registrations
  • Per capita disposable income
  • Regulation for the Property, Casualty and Direct Insurance Industry

  • Current Performance
    Changing trendsAging vehiclesA contracting industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Warranty trends
  • Replacing cars
  • Industry landscape
  • Table: Auto Extended Warranty Providers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Auto Extended Warranty Providers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial Banking
  • Computer & Packaged Software Wholesaling
  • Telecommunications Resellers

  • Products & Services
  • Bumper-to-bumper coverage
  • Powertrain coverage
  • Stated competent coverage
  • Other coverage
  • Chart: Auto Extended Warranty Providers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • Consumers aged 35 to 44
  • Consumers aged 65 and over
  • Consumers aged 18 to 34
  • Chart: Major Market Segmentation for the Auto Extended Warranty Providers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesWarranty coverage costsOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Auto Extended Warranty Providers

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Auto Extended Warranty Providers Industry

  • Industry Globalization
    Major Companies
    Assurant Solutions
  • Table: Assurant Solutions - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Auto Extended Warranty Providers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Auto Extended Warranty Providers Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Average age of vehicle fleet (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Liability
  • The company's contractual obligation to the owner of a warranty plan.
  • Powertrain
  • Pertains to the parts of a vehicle that generate power, such as the engine, transmission and drive axle.
  • Premium
  • The specified amount of payment required by a warranty provider for coverage under a defined period of time.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Auto Extended Warranty Providers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Auto Extended Warranty Providers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Auto Extended Warranty Providers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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