Posted 1/22/2024, 9:38:00 PM
Extended Auto Warranties to See Major Growth, Reaching $73 Billion by 2030
- Global auto extended warranty market projected to expand significantly to $73.74 billion by 2030, fueled by consumer demand for protection beyond manufacturer warranties
- Market segmented by warranty type, coverage, duration, vehicle age, application, and provider type
- Key growth factors advancements in automotive technology leading to costly repairs and rising disposable incomes
- FPNV Positioning Matrix analyzes market share and profiles major companies like AAA, Allianz Partners, Allstate, AmTrust Financial, etc.
- Robust regional analysis shows opportunities in Americas and Asia Pacific markets; manufacturer vs. third-party warranties cater to differing consumer needs