The Home Warranty Service Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Home Warranty Service Market?
The market size of the home warranty service has witnessed a robust growth in the past. It was valued at $8.47 billion in 2024 and is projected to increase to $9.13 billion in 2025 with a compound annual growth rate (CAGR) of 7.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Home Warranty Service Industry?
The Home Warranty Service market is predicted to expand to a market size of $12.18 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.5%.
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What are the Key Growth Drivers Fueling the Home Warranty Service Market?
The drivers in the home warranty service market are:
• Rise in home ownership rates
• Increased complexity of home systems
• Growing consumer awareness about home warranty services
• Economic factors and aging housing infrastructure
Global Market Segmentation: Identifying Major Home Warranty Service Industry Segments
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
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What are the emerging Trends Shaping the Future of the Home Warranty Service Market?
The trends in the home warranty service market are:
• Enhanced mobile apps and online portals are emerging as significant trends in the home warranty service market.
• Cybersecurity for connected devices is becoming increasingly important.
• The trend towards remote monitoring and control is gaining traction.
• The market is being shaped by the increasing demand for customization, flexible plans, and digital platforms.
Who Are the Top Competitors & Leading Players in the Home Warranty Service Market?
The major players in the home warranty service market are:
• Transform SR Brands LLC
• Old Republic International Corporation
• Cross Country Home Services Inc
Regional Dominance: Which Area Leads the Global Home Warranty Service Market 2025: Detailed Insights into Market Size and Future Growth Market?
North America was the largest region in the home warranty service market in 2023
