From GlobeNewswire: 2024-09-18 12:00:00

Allied Market Research projects the extended warranty market to grow at a CAGR of 8.4% from 2023 to 2032, reaching $286.4 billion. Key factors include increased awareness, rise in product complexity, expanding product and service offerings, and growth in electric vehicles and car warranties. Retailers segment dominated in 2023, while automobiles segment held the highest market share. North America led the market in 2023, with UK-based Evolution Warranties acquiring Autogroup (TAG) Warranties as a strategic move. Major players include Endurance Warranty Services LLC and American International Group Inc. To capture market share, companies focus on innovative strategies such as online sales of pre-owned vehicles, acquiring competitors, and partnerships. The report offers detailed insights on key industry developments, potential growth opportunities, and market trends. Get all-inclusive analysis and strategic recommendations to thrive in the extended warranty market.



Read more at GlobeNewswire: Extended Warranty Market to Reach $286.4 billion, Globally,