Home Warranty Service Market Insights 2025-2034: Growth Forecast and Strategic Priorities

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Home Warranty Service Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The home warranty service market has seen robust expansion in recent periods. The market size, which stood at $8.47 billion in 2024, is predicted to surge to $9.07 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historic period include a rise in home ownership, the intricate nature of home systems, heightened consumer awareness, economic drivers, and the aging housing stock.

Home Warranty Service Market Size Forecast: What's the Projected Valuation by 2029?
The market size of home warranty services is projected to witness remarkable expansion in the forthcoming years, reaching a value of $12.07 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 7.4%. Factors contributing to the growth during the forecast period include an increase in awareness regarding protective schemes, urban and condominium lifestyle, financial adaptability and planning, and higher standards in customer satisfaction. Key tendencies predicted for this phase comprise the expansion of mobile applications and online interfaces, cybersecurity measures for interconnected devices, remote surveillance and regulation, tailor-made and adaptable plans, and the rise of digital platforms and mobile applications.

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What Are the Drivers Transforming the Home Warranty Service Market?
The growth of the home warranty service market is being fueled by the increasing rates of homeownership. The term homeownership embodies the ownership and management of a home, as well as the responsibilities and rights attached to it. The appeal of real estate as a secure investment is prompting more and more people to become homeowners, causing homeownership rates to surge. With home warranty services, homeowners are spared from bearing the hefty costs of appliance and system repair or replacement, giving them not just financial safety but also peace of mind. The National Association of Home Builders, a trade organization based in the US, reported in May 2023 that in the first three months of 2023, there was a 0.3 percentage point increase in homeownership among households aged 35 to 44. Meanwhile, homeownership rates for those aged 65 and above climbed to 78.8%, up from 78.6% the prior year. Consequently, the climbing rates of homeownership are spurring on the expansion of the home warranty service market.

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What Long-Term Trends Will Define the Future of the Home Warranty Service Market?
Leading companies in the home warranty service market are crafting cutting-edge solutions that include inbuilt home warranty protection to elevate customer ease-of-use and effortlessly incorporate coverage into property transactions. An integrated home warranty protection solution pertains to an automatic coverage integrated into the property deals, offering instant protection for home systems and appliances without the necessity for standalone agreements. For example, Sure Inc., a firm based in the US that focuses on developing infrastructure and distribution platforms, in April 2023 introduced a revolutionary built-in home warranty protection solution intending to improve the digital experience for homeowners and property landlords. This novel service enables partners and property management platforms to smoothly incorporate home warranty protection within their current digital services using Sure's APIs and white-label platform. The platform simplifies the purchase process, letting customers secure home warranties with just a few clicks.

Which Segments in the Home Warranty Service Market Offer the Most Profit Potential?
The home warranty servicemarket 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 Firms Dominate the Home Warranty Service Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Home Warranty Service Market?
North America was the largest region in the home warranty service market in 2024. The regions covered in the home warranty service market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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