
Auto Extended Warranty Providers in the US - Industry Market Research Report
Description
Auto Extended Warranty Providers in the US - Industry Market Research Report
Auto Extended Warranty Providers in the US
The Auto Extended Warranty Providers industry has decelerated over the past five years. Industry servicers provide automobile owners warranties that extend past the warranty a car's manufacturer provides for a new vehicle. Participants in this industry include car manufacturers, car dealers and other third-party warranty providers. During the period, the industry has benefited from the average age of the vehicle fleet in the United States increasing, as consumers typically purchase auto extended warranties or vehicle service contracts after their manufacturing warranty expires. Nonetheless, despite an increase in per capita disposable income, new car sales fell due to the COVID-19 pandemic, limiting industry growth. These trends and economic instability caused industry revenue to decrease at a CAGR of 1.0% to $20.5 billion over the past five years, including an expected 0.1% decline in 2023 alone.
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."
Table of Contents
74 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.