Comprehensive Home Warranty Service Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034

Which drivers are expected to have the greatest impact on the over the home warranty service market's growth?
The growth of the home warranty service market is expected to be driven by the increasing homeownership rates. Homeownership, which involves owning and managing a residential property, is becoming more accessible as real estate continues to be viewed as a stable investment. Home warranty services offer financial protection for homeowners by covering the costs of repairing or replacing major systems and appliances. For example, in the first quarter of 2023, homeownership rates in the U.S. rose by 0.3 percentage points for households aged 35-44, and those aged 65 and older saw their rate increase to 78.8% from 78.6% in the previous year. This trend is fueling the growth of the home warranty service market.

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What is the future CAGR of the home warranty service market, and how will it impact industry expansion?
The home warranty service market has experienced strong growth, projected to grow from $8.47 billion in 2024 to $9.13 billion in 2025 at a CAGR of 7.7%. Key growth factors include increased home ownership, complexity of home systems, rising consumer awareness, economic factors, and an aging housing stock.

The Home Warranty Service Market is expected to grow to $12.18 billion by 2029, with a CAGR of 7.5%. Growth drivers include rising demand for protection plans, increased urbanization, and customer satisfaction initiatives. Trends focus on cybersecurity for connected devices, mobile apps, and flexible service plans.

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What are the most significant trends transforming the home warranty service market today?
Companies in the home warranty service market are creating embedded home warranty solutions for easier integration into property transactions. Sure Inc., a U.S.-based platform developer, launched an embedded home warranty solution in April 2023. This service allows property management platforms to integrate home warranty protection seamlessly into their digital systems, streamlining the process for homeowners and landlords.

Which key market segments comprise the home warranty service market and drive its revenue growth?
The home warranty service market covered in this report is segmented -

1) By Type: Home Systems, Appliances, Other Types
2) By Distribution Channel: Direct Sales, Agents Or Brokers, Other Distribution Channel
3) By Application: Residential, Organization

Subsegments:
1) By Home Systems: Heating, Ventilation, And Air Conditioning (HVAC), Plumbing Systems, Electrical Systems, Water Heaters, Ductwork And Ventilation Systems
2) By Appliances: Refrigerators, Dishwashers, Ovens And Stoves, Washing Machines And Dryers, Microwave Ovens, Garbage Disposals
3) By Other Types: Pool And Spa Equipment, Garage Door Openers, Septic Systems, Well Pumps, Pest Control

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What regions are at the forefront of home warranty service market expansion?
North America was the largest region in the home warranty service market in 2023. The regions covered in the home warranty service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the home warranty service market?
Major companies operating in the home warranty service market are Transform SR Brands LLC, Old Republic International Corporation, Cross Country Home Services Inc., HomeServe USA Corp., Frontdoor Inc., American Home Shield Corporation, First American Home Warranty Corporation, 2-10 Home Buyers Warranty, Home Buyers Warranty Corporation, Fidelity National Home Warranty Company, OneGuard Home Warranties LLC, Home Warranty of America Inc., Landmark Home Warranty LLC, Liberty Home Guard LLC, ARW Home Services LLC, The Home Service Club Ltd., Platinum Home Warranty LLC, Secure Home Warranty LLC, American Financial Contracting Group Inc., Select Home Warranty LLC, Choice Home Warranty, First Premier Home Warranty, Home Warranty Inc., HomeGuard Home Warranty Inc.

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What Is Covered In The Home Warranty Service Global Market Report?

•Market Size Forecast: Examine the home warranty service market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the home warranty service market for a structured understanding.
•Key Players Overview: Analyze major players in the home warranty service market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the home warranty service market.
•Segment Contributions: Evaluate how different segments drive overall growth in the home warranty service market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the home warranty service market.
•Industry Challenges: Identify potential risks and obstacles affecting the home warranty service market.
•Competitive Landscape: Review strategic developments in the home warranty service market, including expansions, agreements, and new product launches.

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