Rising Home Ownerships Rates Is Driving The Growth Of The Home Warranty Service: A Key Driver Powering Home Warranty Service Market Growth In 2025

The Home Warranty Service Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Home Warranty Service Market Size and Its Estimated Growth Rate?
The home warranty service market has seen strong growth in recent years. It will rise from $8.47 billion in 2024 to $9.13 billion in 2025 at a CAGR of 7.7%. This growth is attributed to increased homeownership, the complexity of home systems, greater consumer awareness, economic factors, and aging housing stock.

The home warranty service market is expected to grow steadily, reaching $12.18 billion by 2029 at a CAGR of 7.5%. This growth is driven by increasing demand for protection plans, urbanization, financial flexibility, and rising customer expectations. Major trends include the development of enhanced mobile apps and online portals, cybersecurity for connected devices, remote monitoring, customization of plans, and the growth of digital platforms.

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How Are Emerging Segments Shaping the Home Warranty Service Market Landscape?
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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Which Growth Factors Are Influencing Home Warranty Service Market Expansion?
The rising homeownership rates are expected to propel the growth of the home warranty service market. Homeownership is growing due to factors such as real estate investment appeal and broader access to homeownership opportunities. As more people purchase homes, the demand for home warranty services increases to cover the repair and replacement costs of essential systems and appliances. The National Association of Home Builders reported that homeownership rates in the U.S. increased by 0.3 percentage points in early 2023, indicating an upward trend. This increase in homeownership is expected to drive the demand for home warranty services.

Who Are the Dominant Players Across Different Home Warranty Service Market Segments?
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.

What Are the Latest Developing Trends in the Home Warranty Service Market?
Prominent companies in the home warranty service market are innovating advanced solutions encompassing home warranty protection to augment customer ease and fluently incorporate coverage in property transactions. An advanced solution integrated into home warranty protection serves as a coverage that is automatically included in property transactions and offers immediate protection for home systems and appliances without the need for separate agreements. For example, in April 2023, Sure Inc., a company based in the US that develops infrastructure and distribution platforms, unveiled a novel integrated home warranty protection solution aimed at augmenting the digital experience for landlords and homeowners. This cutting-edge provision enables partners and platforms involved in property management to fluently incorporate home warranty protection into their current digital services using the APIs and white-label platform of Sure. This system simplifies the purchase process, enabling consumers to acquire home warranties in a few simple clicks.

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Which Geographic Regions Are Expected to Dominate the Home Warranty Service Market in the Coming Years?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Home Warranty Service Market?
2. What is the CAGR expected in the Home Warranty Service Market?
3. What Are the Key Innovations Transforming the Home Warranty Service Industry?
4. Which Region Is Leading the Home Warranty Service Market?

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