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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Augmented Intelligence Market to reach USD xx billion by 2027.

Global Auto Extended Warranty Market Size study, by Coverage (Powertrain Coverage, Stated Component Coverage, and Exclusionary Coverage), by Distribution Channel (Auto Dealers/Manufacturers and Third-Party Providers), by Vehicle Age (New Vehicle and Used Vehicle), by Application (Personal and Commercial), and Regional Forecasts 2021-2027

Product Code: BFBFSI-45083294
Publish Date: 10-09-2021
Page: 200

Global Augmented Intelligence Market is valued approximately at USD xx billion in 2020 and is anticipated to grow with a healthy growth rate of about xx% over the forecast period 2021-2027. Auto extended warranty refers to a type of insurance policy which is designed to cover the costs associated with wear and tear occurred to car after expiration of manufacturer’s warranty. Such services are an optional warranty provided by dealerships, manufacturers, and independent providers at an extra cost over the purchase price of the product. Auto extended warranty offers protection on specific electrical and mechanical components such as electrical system, air conditioning, powertrain, and other systems, which are usually not covered under general auto warranty service. The global auto extended warranty market is being driven by rise in number of costly repairs bills and surge in the penetration of laptops, tablets, and smartphones. Furthermore, innovative services offered by major auto extended warranty players will provide new opportunities for the global auto extended warranty industry. According to Statista, number of mobile users across the globe is expected to increase from 6.95 billion in 2020 to approximately 7.49 billion by 2025. Such growth in the number of mobile users is expected to increase the adoption of these devices for auto extended warranty and hence, is expected to boost the market growth. However, decline in sale of cars in some regions may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global auto extended warranty market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America accounts for the largest share in terms of market revenue in the global auto extended warranty market over the forecast period 2021-2027. Factors such as increase in the consumers availing EWSCs (auto extended warranties & service contracts) from different parties such as sellers of goods, third-party insurers and manufacturers, growth in automotive industry, etc. contribute towards the largest market share of the region in the forecast years.

Major market player included in this report are:
AAA Warranty Services
Amtrust Financial
Assurant, Inc.
Carshield, LLC
Concord Auto Protect
Endurance Warranty Services, LLC
Tata Motors Limited

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Coverage:
Powertrain Coverage
Stated Component Coverage
Exclusionary Coverage
By Distribution Channel:
Auto Dealers/Manufacturers
Third-Party Providers
By Vehicle Age:
New Vehicle
Used Vehicle
By Application:
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Auto Extended Warranty Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Auto Extended Warranty Market, by Region, 2019-2027 (USD Billion)
1.2.2. Auto Extended Warranty Market, by Coverage, 2019-2027 (USD Billion)
1.2.3. Auto Extended Warranty Market, by Distribution Channel, 2019-2027 (USD Billion)
1.2.4. Auto Extended Warranty Market, by Vehicle Age, 2019-2027 (USD Billion)
1.2.5. Auto Extended Warranty Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Auto Extended Warranty Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Auto Extended Warranty Market Dynamics
3.1. Auto Extended Warranty Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Rise in number of costly repairs bills Surge in penetration of laptops, tablets, and smartphones
3.1.2. Market Restraint Decline in sale of cars
3.1.3. Market Opportunities Innovative services offered by major auto extended warranty players
Chapter 4. Global Auto Extended Warranty Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Auto Extended Warranty Market, by Coverage
a. Market Snapshot
5.1. Global Auto Extended Warranty Market by Coverage, Performance – Potential Analysis
5.2. Global Auto Extended Warranty Market Estimates & Forecasts by Coverage 2018-2027 (USD Billion)
5.3. Auto Extended Warranty Market, Sub Segment Analysis
5.3.1. Powertrain Coverage
5.3.2. Stated Component Coverage
5.3.3. Exclusionary Coverage
Chapter 6. Global Auto Extended Warranty Market, by Distribution Channel
b. Market Snapshot
6.1. Global Auto Extended Warranty Market by Distribution Channel, Performance – Potential Analysis
6.2. Global Auto Extended Warranty Market Estimates & Forecasts by Distribution Channel 2018-2027 (USD Billion)
6.3. Auto Extended Warranty Market, Sub Segment Analysis
6.3.1. Auto Dealers/Manufacturers
6.3.2. Third-Party Providers
Chapter 7. Global Auto Extended Warranty Market, by Vehicle Age
c. Market Snapshot
7.1. Global Auto Extended Warranty Market by Vehicle Age, Performance – Potential Analysis
7.2. Global Auto Extended Warranty Market Estimates & Forecasts by Vehicle Age (USD Billion)
7.3. Auto Extended Warranty Market, Sub Segment Analysis
7.3.1. New Vehicle
7.3.2. Used Vehicle
Chapter 8. Global Auto Extended Warranty Market, by Application
d. Market Snapshot
8.1. Global Auto Extended Warranty Market by Application, Performance – Potential Analysis
8.2. Global Auto Extended Warranty Market Estimates & Forecasts by Application (USD Billion)
8.3. Auto Extended Warranty Market, Sub Segment Analysis
8.3.1. Personal
8.3.2. Commercial
Chapter 9. Global Auto Extended Warranty Market, Regional Analysis
9.1. Auto Extended Warranty Market, Regional Market Snapshot
9.2. North America Auto Extended Warranty Market
9.2.1. U.S. Auto Extended Warranty Market Coverage breakdown estimates & forecasts, 2018-2027 Distribution Channel breakdown estimates & forecasts, 2018-2027 Vehicle Age breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Auto Extended Warranty Market
9.3. Europe Auto Extended Warranty Market Snapshot
9.3.1. U.K. Auto Extended Warranty Market
9.3.2. Germany Auto Extended Warranty Market
9.3.3. France Auto Extended Warranty Market
9.3.4. Spain Auto Extended Warranty Market
9.3.5. Italy Auto Extended Warranty Market
9.3.6. Rest of Europe Auto Extended Warranty Market
9.4. Asia-Pacific Auto Extended Warranty Market Snapshot
9.4.1. China Auto Extended Warranty Market
9.4.2. India Auto Extended Warranty Market
9.4.3. Japan Auto Extended Warranty Market
9.4.4. Australia Auto Extended Warranty Market
9.4.5. South Korea Auto Extended Warranty Market
9.4.6. Rest of Asia Pacific Auto Extended Warranty Market
9.5. Latin America Auto Extended Warranty Market Snapshot
9.5.1. Brazil Auto Extended Warranty Market
9.5.2. Mexico Auto Extended Warranty Market
9.6. Rest of The World Auto Extended Warranty Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. AAA Warranty Services Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Amtrust Financial
10.2.3. Assurant, Inc.
10.2.4. AXA
10.2.5. Carchex
10.2.6. Carshield, LLC
10.2.7. Concord Auto Protect
10.2.8. Endurance Warranty Services, LLC
10.2.9. Olive
10.2.10. Tata Motors Limited
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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