Extended Warranty Market expected to grow at CAGR of 6.3% from 2019 to 2026.and reach to US$ 50.2 BN in 2026.
Market analyses the profiles of key players operating in the market are ASSURANT, INC., American International Group, Inc., AXA, AmTrust Financial, Asurion. CARCHEX, CarShield, LLC, Endurance Warranty Services, LLC, Edel Assurance, and SquareTrade, Inc.
An auto warranty comes directly from the vehicle manufacturer and can mean several different things. Though extended car warranties differ in longevity, they commonly range from three to five years in length. They also offer a limited amount of mileage applied to them. That is typically 60k-100k total miles on the car. While it’s most common for a dealership to sell an extended warranty as “bumper to bumper” coverage, it’s also possible that they could be offering less coverage that only covers powertrain components. This is especially true for used vehicles. Auto warranties are seldomly available on vehicles outside of the factory warranty.
Carshield is a third party vehicle service contract provider that offers a number of extended warranty type plans foe vehicles in and out of their original manufactures warranty coverage the company large offerings are attractive, but how does it stack up against the competitors. Carshield has best warranty on cars.
American International Group, Inc. Oct 2020 announced that in accordance with the terms of the outstanding warrants expiring January 19, 2021 (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $42.4151 per share from $42.4734 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.062 from 1.061. Each of these adjustments will be effective at the close of business on September 17, 2020. Any Warrant exercised on or prior to September 17, 2020 will not be entitled to these adjustments.
As each year, the AXA Group offers to its employees, in and outside of France, the opportunity to subscribe to shares issued by way of a capital increase reserved to employees. In doing so, the AXA Group hopes to strengthen its relationship with its employees by closely associating them with the future development and results of the Group. The 2020 offering, called "Shareplan 2020", will take place in 39 countries and will involve over 110,000 employees who will be offered a “traditional” formula at a known subscription price.
The Extended Warranty Market is segmented on the basis of coverage, application, distribution channel, end user, and region. In terms of coverage, it is bifurcated into standard protection plan and accidental protection plan. By application, it is segmented into automobiles, consumer electronics, home appliances, mobile devices & PCs, and others. On the basis of distribution channel, it is segmented into manufacturers, retailers, and others. By end user, it is bifurcated into business and individuals. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. By region, the market across North America contributed the highest share in 2020, owing to adoption for extended warranty insurance in the region. However, the global extended warranty market across Asia-Pacific is projected to register the highest CAGR of 10.6% during the study period, due to emerging economies, high costs of repairs, several offers & benefits, and better customer experience provided under extended warranties in the region.