The Auto Extended Warranty Providers industry has suffered losses from a slow economy and changing trends in auto warranties. Automobile manufacturers are increasingly offering more comprehensive warranty plans, making extended warranty less attractive to new car buyers. During the next five years, industry revenue is forecast to grow. As the economy improves, more consumers will purchase new cars and consequently more extended warranty plans. However, growth will continue to be hampered by competition from warranty plans offered by auto manufacturers and car dealerships.
This industry provides automobile owners with extended warranty protection. The manufacturer or the authorized auto dealer does not underwrite these warranties, which extend beyond the manufacturer and dealer warranties. This type of warranty is purchased after the manufacturer or authorized dealer warranty expires. As a result, these warranties are primarily provided by a third-party organization.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.