Vehicle Protection Service Market, By Service Type (Extended Warranty, Vehicle Maintenance Plans, Roadside Assistance, Tire and Wheel Protection, Paintless Dent Repair, Key Replacement, Theft Protection, GAP (Guaranteed Asset Protection) Insurance, Others), By Vehicle Type (Passenger Vehicles, Commercial Vehicles, Motorcycles, Recreational Vehicles (RVs), Others), By Coverage (Comprehensive Coverage, Specific Component Coverage, Customizable Coverage Plans), By Provider (Original Equipment Manufacturer (OEM), Third-Party Providers, Dealerships, Insurance Companies), By Distribution Channel (Direct Sales (B2C), Automotive Dealerships, Online Platforms, Insurance Agents), By Vehicle Age (New Vehicles, Used Vehicles, Pre-owned Certified Vehicles), By Customer Segment (Individual Vehicle Owners, Fleet Owners, Commercial Businesses, Rental Car Companies, Others), By Claim Process (Direct Claims Handling, Reimbursement Claims), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
Vehicle protection services provide comprehensive solutions to safeguard vehicles from risks, ensuring peace of mind for owners. These services include theft prevention, tracking and recovery systems, and damage protection. In a world where vehicle theft and vandalism are on the rise, these services have become crucial in maintaining the value and integrity of automobiles. Utilizing advanced technologies like Global Positioning System (GPS) tracking, immobilizers, and alarm systems, they deter theft and aid in recovering the stolen vehicles. Additionally vehicle protection services offer coverage against accidents, natural disasters, and other unforeseen events, providing financial security and reducing repair costs.
Market Dynamics:
Growth in vehicle complexity and increasing ownerships of vehicles is anticipated to drive the growth of the global vehicle protection service market over the forecast period. Moreover, demand for extended warranty programs and emphasis on vehicle maintenance is also expected to boost the growth of the global vehicle protection service market over the forecast period. Technological advancements, customization and personalization, electric and hybrid vehicle market, and partnerships with automotive Original Equipment Manufacturer (OEMs) are expected to create growth opportunities for the global vehicle protection service market during the forecast period. The vehicle protection services market is driven by the rapidly rising number of vehicle operation across both developed and developing nations worldwide. As more vehicles hit the roads annually, the demand for after-sales services like repairs and warranty programs is surging. Furthermore, vehicles are growing more sophisticated over time with growing electronic and complex mechanical components, making them more susceptible to component failures. This has boosted the need for customizable protection plans among owners.
However, price sensitivity, limited awareness and education, and competing alternatives are expected to hamper the growth of the vehicle protection service market over the forecast period.
Key features of the study:
- This report provides an in-depth analysis of the global vehicle protection service market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2023–2030), considering 2022 as the base year
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global vehicle protection service market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study Endurance Warranty Services LLC, CarShield, Protect My Car, Ally Financial Inc., CARCHEX, Toco Warranty, American Auto Shield, Warranty Direct, Royal Administration Services, Inc., EasyCare (Automotive Development Group, Inc.), Autopom!, AA Auto Protection, and CarSure
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global vehicle protection service market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global vehicle protection service market
- By Service Type:
- Extended Warranty
- Vehicle Maintenance Plans
- Roadside Assistance
- Tire and Wheel Protection
- Paintless Dent Repair
- Key Replacement
- Theft Protection
- GAP (Guaranteed Asset Protection) Insurance
- Others
- By Vehicle Type:
- Passenger Vehicles
- Commercial Vehicles
- Motorcycles
- Recreational Vehicles (RVs)
- Others
- By Coverage:
- Comprehensive Coverage
- Specific Component Coverage
- Customizable Coverage Plans
- By Provider:
- Original Equipment Manufacturer (OEM)
- Third-Party Providers
- Dealerships
- Insurance Companies
- By Distribution Channel:
- Direct Sales (B2C)
- Automotive Dealerships
- Online Platforms
- Insurance Agents
- By Vehicle Age:
- New Vehicles
- Used Vehicles
- Pre-owned Certified Vehicles
- By Customer Segment:
- Individual Vehicle Owners
- Fleet Owners
- Commercial Businesses
- Rental Car Companies
- Others
- By Claim Process:
- Direct Claims Handling
- Reimbursement Claims
- By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Company Profiles:
- Endurance Warranty Services LLC
- CarShield
- Protect My Car
- Ally Financial Inc.
- CARCHEX
- Toco Warranty
- American Auto Shield
- Warranty Direct
- Royal Administration Services, Inc.
- EasyCare (Automotive Development Group, Inc.)
- Autopom!
- AA Auto Protection
- CarSure
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Service Type
- Market Snippet, By Vehicle Type
- Market Snippet, By Coverage
- Market Snippet, By Provider
- Market Snippet, By Distribution Channel
- Market Snippet, By Vehicle Age
- Market Snippet, By Customer Segment
- Market Snippet, By Claim Process
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Growing vehicle complexity
- Increasing vehicle ownership
- Restraints
- Price sensitivity
- Limited awareness and education
- Opportunities
- Technological advancements
- Customization and personalization
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Vehicle Protection Service Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Vehicle Protection Service Market, By Service type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Extended Warranty
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Vehicle Maintenance Plans
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Roadside Assistance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Tire and Wheel Protection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Paintless Dent Repair
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Key Replacement
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Theft Protection
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Guaranteed Asset Protection (GAP) Insurance
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 6. Vehicle Protection Service Market, By Vehicle Type, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Passenger Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Commercial Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Motorcycles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Recreational Vehicles (RVs)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 7. Vehicle Protection Service Market, By Coverage, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Comprehensive Coverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Specific Component Coverage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Customizable Coverage Plans
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 8. Vehicle Protection Service Market, By Provider, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Original Equipment Manufacturer (OEM)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Third-Party Providers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Dealerships
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Insurance Companies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 9. Vehicle protection service Market , By Distribution Channel, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Direct Sales (B2C)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Automotive Dealerships
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Online Platforms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Insurance Agents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 10. Vehicle Protection Service Market, By Vehicle Age, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- New Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Used Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Pre-owned Certified Vehicles
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 11. Vehicle Protection Service Market, By Customer Segment, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Individual Vehicle Owners
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Fleet Owners
- Commercial Businesses
- Rental Car Companies
- Others
- 12. Vehicle Protection Service Market, By Claim Process, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Direct Claims Handling
- Reimbursement Claims
- 13. Vehicle Protection Service Market, By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2018 –2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Service Type , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Type , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Coverage , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Provider , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Vehicle Age , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Customer Segment , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Claim Process , 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2018-2030,(US$ Bn)
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- Israel
- South Africa
- North Africa
- Central Africa
- Rest of Middle East
- 14. Competitive Landscape
- Endurance Warranty Services LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- CarShield
- Protect My Car
- Ally Financial Inc.
- CARCHEX
- Toco Warranty
- American Auto Shield
- Warranty Direct
- Royal Administration Services, Inc.
- EasyCare (Automotive Development Group, Inc.)
- Autopom!
- AA Auto Protection
- CarSure
- Analyst Views
- 15. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "Vehicle Protection Service Market” - Global forecast to 2030
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