Us Auto Extended Warranty Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Auto Extended Warranty Market was valued at USD 25.3 Billion in 2022 and is projected to reach USD 45.7 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Auto Extended Warranty Market has been rapidly evolving, offering a growing range of options for vehicle owners seeking added protection for their cars. As the automotive industry experiences advances in technology, reliability concerns remain high, driving the demand for extended warranties. In 2024, the market is expected to surpass $50 billion, highlighting the significant role these warranties play in the US economy. With over 270 million vehicles on the road, vehicle owners are increasingly looking for ways to shield themselves from expensive repairs, making the auto warranty market essential.
Extended warranties offer protection against costly breakdowns by covering repairs that may not be included in the manufacturer’s standard warranty. For many car owners, these warranties are a must-have investment, especially as cars become more complex. In fact, vehicles with advanced electronics, sensors, and infotainment systems are more prone to malfunctioning, leading to an increase in repair costs. This has prompted a surge in interest for extended coverage that provides peace of mind and financial security.
One of the key drivers of this market is the rising cost of car repairs. A study found that the average repair bill in the US has increased by nearly 15% in the past five years, with labor and parts prices showing a sharp upward trajectory. As such, extended auto warranties serve as a safeguard for consumers who want to avoid unmanageable repair expenses. Furthermore, these warranties can provide additional perks, including roadside assistance, rental car coverage, and more, adding extra value to the offering.
Another significant factor contributing to the expansion of the auto extended warranty market is the increasing number of third-party providers. These companies offer a variety of plans, each tailored to specific needs, allowing consumers to choose coverage that best fits their vehicle and usage. This competition between providers ensures a wide range of pricing, coverage options, and customer service, giving consumers the opportunity to select the best plan for their situation.
With the growing reliance on vehicles and the increasing complexity of modern cars, the US Auto Extended Warranty Market is set to continue its upward trajectory. For those looking for additional coverage, it’s important to carefully evaluate available options, ensuring that the warranty aligns with the vehicle’s needs. As the market expands, so too will the variety of choices for consumers, making it more essential than ever to stay informed about what’s available.
Alongside the auto warranty industry, similar trends are seen in other sectors like the "100 Gigabit Fiber Optic Transceiver Market," which also benefits from rapid technological advancements and consumer demand for better services. Both markets highlight the increasing need for comprehensive solutions in today's fast-paced world.
Get an In-Depth Research Analysis of the Global Auto Extended Warranty Market Size And Forecast [2025-2032]
Â
Assurant
Endurance Warranty
Ally Financial
CARCHEX
American Auto Shield
Warranty Direct
Zurich
Mondial Assistance
Autoguard Warranties
Bajaj Allianz General Insurance
Tata AIG General Insurance
Tawuniya
Oman Insurance Company
Porto Seguro
Bradesco Seguros
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Auto Extended Warranty Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Auto Extended Warranty Market
Individual Vehicle Owners
Commercial Fleet Owners
Leased Vehicle Owners
Passenger Cars
Light Trucks
Commercial Vehicles
Motorcycles
Electric Vehicles
Powertrain Coverage
Comprehensive Coverage
Exclusionary Coverage
Wrap Coverage
Third-Party Warranty Providers
Direct Manufacturer Programs
Auto Insurance Companies
Age Group
Income Level
Geographic Focus
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Auto Extended Warranty Market Research Analysis
1. Introduction of the Global Auto Extended Warranty Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Auto Extended Warranty Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Auto Extended Warranty Market, By Type
6. Global Auto Extended Warranty Market, By Application
7. Global Auto Extended Warranty Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Auto Extended Warranty Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/