Operators in the Auto Extended Warranty Providers industry have benefited from strengthening economic conditions at the consumer level over the five years to 2017. Strong sales of new automobiles have lifted industry revenue as automobile purchasers chose to buy extended warranties at the time of their purchase. Over the next five years, industry revenue is expected to continue growing, albeit at a slower pace. Growth will hampered by competition from warranty plans offered by auto manufacturers and car dealerships. Nevertheless, the changing nature of extended warranty plans and the effects of positive trends in automobile ownership that persisted over the recovery are expected to boost industry revenue.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.