Connect with us


Global Automotive Extended Warranty Market to Surpass USD 83.21 Bn By 2031



Global Automotive Extended Warranty Market to Surpass USD 83.21 Bn By 2031

According to a recent market study published by Growth Market Reports, titled, Automotive Extended Warranty Market Segments By Coverage (Powertrain Coverage, Stated Component Coverage, and Exclusionary Coverage), By Vehicle Age (New Vehicle, Used Vehicle), By Distribution Channel (Auto Dealers/Manufacturers, and Third-Party Providers), By Application (Personal, Commercial) and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031“, the market size was USD 51.84 Bn in 2022 and is expected to surpass USD 83.21 Bn expanding at a CAGR of 5.4 % by the end of 2031. The rising adoption of industrial chains in large industrial operations such as the energy & power, automotive industry, and building & construction industry is expected to augment the market growth.

Key Market Players Profiled in the Report

  • Volkswagen AG
  • Honda Motor Co., Ltd
  • General Motors
  • Tata Motors
  • AmTrust Financial
  • Toyota Motor Corporation
  • AXA Partners Holding SA
  • CarShield
  • Protect My Car
  • Endurance Warranty Services, LLC
  • Toco Warranty Corp
  • Concord Auto Protect
  • Auto Advantage Inc.
  • AAA Warranty Services
  • AutoCon (India) Assistance & Administration Private Limited

Download the PDF Sample here:

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics. It provides an in-depth analysis of the market segments, which include by coverage, by vehicle age, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

Regional Highlights:

Based on region, the automotive extended warranty market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in the Asia Pacific is anticipated to grow at a significant pace due to the rising number of vehicles purchased in the region. The developing economies in the region owe increasing disposable income, driving the majority of consumers to buy private vehicles which in turn drives the market in the region.

To Buy the Complete Report:

Key Takeaways from the Study:

  • The automated extended warranty is a policy that provides an extension in the warranty period, offered by the manufacturer. The product distributors or third-party companies offer extended warranties at an additional cost, exclusive of the original selling price.
  • The customer gets an add-on advantage of an extended warranty period on their purchase. The products such as electronics, gadgets, devices, automobiles, and other consumer goods come with extended warranties offering multiple coverage factors.
  •  Globally increasing demand for private vehicles is respectively increasing vehicle sales. Increasing technological advancements in private and public vehicles are expected to drive the market.
  • Providing a comprehensive cover for vehicle damage is a major growth opportunity for the market.
  • The PACAS exclusionary segment is projected to hold a substantial market share owing to a wide range of extended vehicle cover policies offered by the key players in the market.
  • The used vehicles segment is expected to dominate the market during the projection period, due to the increasing uncertainty about the repair and maintenance of the vehicle.

Read 209 Pages Research Report with Detailed TOC on Global Automotive Extended Warranty Market Segments – By Coverage (Powertrain Coverage, Stated Component Coverage, and Exclusionary Coverage), By Vehicle Age (New Vehicle, Used Vehicle), By Distribution Channel (Auto Dealers/Manufacturers, and Third-Party Providers), By Application (Personal, Commercial) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast, 2023 – 2031”

Key Segments Covered

By Coverage

  • Powertrain Coverage
  • Stated Component Coverage
  • Exclusionary Coverage

By Vehicle Age

  • New Vehicle
  • Used Vehicle

By Distribution Channel

  • Auto Dealers/Manufacturers
  • Third-Party Providers

By Application

  • Personal
  • Commercial

By Regions

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

About Growth Market Reports:

Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.


Email: [email protected]




Maximizing Lead Generation: How a B2B Marketing Consultant Can Help



Maximizing Lead Generation: How a B2B Marketing Consultant Can Help

Are you struggling to generate leads for your business? A B2B marketing consultant could be the answer to your problems. Using their expertise, they could boost your lead generation, turning potential prospects into loyal customers.

This article will show you the benefits of partnering with a B2B marketing consultant and how they can help unlock your business’s potential.

So why wait? Dive in and discover the power of professional consulting!

Strategy Development

A B2B marketing consultant can assist you in creating a strategy that is tailored to your business’s specific needs. They start by understanding your business, goals, and target audience. Once they have this information, they can craft a strategy to attract the right leads to your business.

The right strategy can make a world of difference. It can help you save time and resources and improve your marketing efforts.

Content Marketing

Content marketing is another area where a B2B marketing consultant shines. They know how to create content that speaks to your audience. This content can educate your audience about your products and services, making them more likely to choose your business.

Creating good content takes effort and time. With a B2B marketing consultant, you benefit from their expertise and the convenience of outsourcing this task.

Digital Marketing Optimization

A B2B marketing consultant can help you optimize your online presence in today’s fast-paced digital world. They understand how search engines work and use this knowledge to increase your visibility. With their help, more potential customers will find you online.

The importance of a strong online presence can’t be overstated. Your B2B marketing consultant will work with you to build a digital footprint that resonates with your target audience and drives more leads to your business. So, don’t hesitate to contact this SEO company for a tailored approach to elevate your search engine visibility and drive targeted traffic.

Email Marketing

Email marketing is still a good way for businesses to talk to each other and find new customers. A seasoned B2B marketing expert knows how important it is to use well-thought-out email campaigns to connect with customers and keep them interested.

The consultant can also help you divide your audience into groups, make marketing plans more personal, and look at how well your campaigns are doing. With their help, email marketing can become an essential part of your plans for getting new leads and keeping old ones.

Lead Nurturing

Regarding business-to-business marketing, nurturing leads is the key to turning possible customers into loyal ones. Building connections with people who aren’t ready to buy yet but might be in the future is part of the process. Your B2B marketing expert can help you develop good lead-generation strategies to keep potential customers interested at every sales funnel stage.

You can clearly show your prospects how valuable your business is if you take the right steps to nurture leads. This can greatly increase the chances of sales, which can help you get more customers and make more money.

Elevate Your Business Potential With a B2B Marketing Consultant

In conclusion, a B2B marketing consultant is your key to jump-starting business success. They unmask the full potential of your business, helping you attract leads, achieve your goals, and excel in the market.

So why stay stuck in a rut? Reach out to a B2B marketing consultant today and embrace the growth, success, and prosperity that lies ahead. Make your business shine brighter than ever before!

Did you learn something new from this article? If so, check out our blog for more educational content.

Continue Reading


error: Content is protected !!