Auto Extended Warranty Providers in the US - Industry Market Research Report
Auto Extended Warranty Providers
The Auto Extended Warranty Providers industry is anticipated to grow modestly as a result of macroeconomic growth, particularly at the consumer level, over the five years to 2019. The industry has benefited from the average age of the vehicle fleet in the United States increasing during the current period. Furthermore, an increase in disposable income encourages consumers to purchase new vehicles, which bolsters sales of warranty plans offered by the manufacturer or dealer and benefits industry revenue. As a result, industry revenue is expected to increase over the five years to 2019. Over the five years to 2024, industry revenue is anticipated to continue increasing as the economy improves and consumers are more willing to finance big-ticket items.
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.
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