Auto Extended Warranty Providers in the US - Market Research Report (2014-2029)

The Auto Extended Warranty Providers industry has climbed 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. In addition, despite an increase in per capita disposable income, new car sales fell due to the negative impact of the pandemic and inflationary pressures in the latter part of the current period, limiting industry growth. Overall, industry revenue increased at a CAGR of 1.0% to $22.0 billion over the past five years, including an expected 0.9% increase in 2024 alone.