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The auto extended warranty market size is forecast to increase by USD 14.1 billion at a CAGR of 6.35% between 2023 and 2028. The market is witnessing significant growth due to various factors. New vehicle buyers increasingly opt for extended warranties to mitigate risks and ensure peace of mind. Similarly, used vehicle buyers also seek protection against unexpected repair costs. Flexible pricing schemes enable consumers to choose coverage plans based on their budget and needs. Companies are expanding their service portfolios to include offerings like Standard Protection Plans and Accidental Protection Plans. Loan terms often require buyers to purchase extended warranties, adding to market demand. However, consumer electronics integration in automobiles and the associated security threats pose challenges to market growth. Companies must address these challenges by offering cybersecurity solutions and transparent pricing to maintain customer trust and loyalty.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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