Global Residential Warranty Services Market to 2030

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Home Warranty Service Market

Home Warranty Service Market

Home Warranty Service Market

Dublin, June 08, 2022 (GLOBE NEWSWIRE) — The “Residential Warranty Services Market by Distribution Channel, Type, Application, and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030” report has been added to from ResearchAndMarkets.com offer.

Home Warranty Services Market was valued at USD 7,315.1 Million in 2020 and is projected to reach USD 13,611.2 Million by 2030, registering a CAGR of 6.3% from 2021 to 2030.

Home warranty services cover the cost of structural defects in homes caused by natural disasters or poor construction quality. Homeowners offer policies that involve building up to 10 years of structural defects, which can include floors, walls, roof, fencing and plasterboard.

Housing warranties further include coverage for two years for electrical and plumbing systems as well as six months for appliances. The cost of a building warranty policy is often part of the price of a new home. Home warranty providers may deny coverage for any reason. Some pre-existing damage that is caused prior to the purchase of warranty coverage is not covered by the plan. For this reason, a home inspection before purchase reveals damage to other systems or equipment. Also, the warranty company will not cover items that have been misused, improperly installed, or misused.

The growth of the global home warranty service market is mainly driven by the increase in the need for protection of expensive appliances such as refrigerators; heating, ventilation and air conditioning (HVAC) systems; dishwasher; ovens; hobs; plumbing; and electrical systems. This helps in the maintenance and upkeep of home appliances and systems. Furthermore, increased awareness of warranty services is driving the growth of the market in 2 tire and 3 tire cities. This awareness is leading to an increase in the subscription of home warranty services from service providers. However, hidden fees at the time of warranty claim and strict terms and conditions of service providers are limiting the market growth.

On the contrary, increasing spending on home services, primarily in developing countries such as China, India, and Brazil, is expected to open up new avenues for home warranty service market growth over the course of the forecast period.

The global home warranty services market is segmented into distribution channel, type, sales channel, application, and region. Based on distribution channel, the market is categorized into brokers, agents and branches, and others. According to the type, it is divided into home systems and appliances.

By application, it is separated into residential and commercial. According to the sales channel, it is fragmented into renewals, home resales and direct to consumer. By region, it is analyzed in North America (United States, Canada and Mexico), Europe (Germany, France, Italy, United Kingdom and rest of Europe), Asia-Pacific (China, Japan, Korea South, India and Rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa).

Competition analysis

Major players profiled in Home Warranty Services market include AFC Home Club, Cinch Home Services, Inc., First American Home Warranty, FNHW (Fidelity National Home Warranty), Frontdoor, Inc., Home Buyers Warranty Corporation, Landmark Home Warranty , Old Republic International Corporation, Oneguard Home Warranties and Transforms SR Brands LLC in the market have adopted product launch and business expansion as the primary development strategies to provide better products and services to customers in the warranty service market home.

Key Benefits

  • The report provides an in-depth analysis of current trends, future estimates, and Home Warranty Services market dynamics.

  • In-depth analysis of the Home Warranty Services market is carried out by estimates for the key segments between 2021 and 2030

  • In-depth analysis of the market is carried out by following the positioning of key products and monitoring the main competitors within the scope of the market

  • A comprehensive analysis of four major regions is provided to determine the prevailing opportunities

  • Market forecast analysis from 2021 to 2030 is included in the report

  • Key market players operating in the market are profiled in this report and their strategies are thoroughly analyzed which helps in understanding the competitive outlook of the market industry.

Main topics covered:

Chapter 1 Introduction

Chapter 2: Executive Summary

Chapter 3: Market Overview
3.1. Market definition and scope
3.2. Main conclusions
3.2.1. Best Investment Pockets
3.2.2. Positioning of market players
3.3. Key Forces Shaping the Home Warranty Service Industry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Protection of expensive devices
3.4.1.2. Increased awareness of home warranty services
3.4.2. Detention
3.4.2.1. Hidden Fees and Terms and Conditions Associated with Warranty Services
3.4.3. Opportunity
3.4.3.1. Rising spending on home services in emerging countries
3.5. Covid-19 impact analysis

Chapter 4: Residential Warranty Services Market, By Distribution Channel
4.1. Market overview
4.1.1. Market size and forecast, by distribution channel
4.2. Brokers
4.2.1. Key Market Trends, Growth Drivers and Opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3. Agents and branches
4.3.1. Key Market Trends, Growth Drivers and Opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4. Others
4.4.1. Key Market Trends, Growth Drivers and Opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country

Chapter 5: Residential Warranty Service Market, By Type
5.1. Market overview
5.1.1. Market Size and Forecast, by Type
5.2. home system
5.2.1. Key Market Trends, Growth Drivers and Opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Device
5.3.1. Key Market Trends, Growth Drivers and Opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country

Chapter 6: Residential Warranty Services Market, By Application
6.1. Market overview
6.1.1. Market size and forecast, by application
6.2. Residential
6.2.1. Key Market Trends, Growth Drivers and Opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market analysis, by country
6.3. Commercial
6.3.1. Key Market Trends, Growth Drivers and Opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market analysis, by country

Chapter 7: Residential Warranty Service Market, By Sales Channel
7.1. Market overview
7.1.1. Market size and forecast, by sales channel
7.2. Renewals
7.2.1. Key Market Trends, Growth Drivers and Opportunities
7.2.2. Market size and forecast, by region
7.2.3. Market analysis, by country
7.3. Home resales
7.3.1. Key Market Trends, Growth Drivers and Opportunities
7.3.2. Market size and forecast, by region
7.3.3. Market analysis, by country
7.4. Direct to consumer
7.4.1. Key Market Trends, Growth Drivers and Opportunities
7.4.2. Market size and forecast, by region
7.4.3. Market analysis, by country

Chapter 8: Residential Warranty Service Market, By Region

Chapter 9: Company Profiles
9.1. Afc Home Club
9.1.1. Company presentation
9.1.2. Key leaders
9.1.3. Company overview
9.1.4. Operating business areas
9.1.5. Product portfolio
9.2. Cinch Home Services, Inc.
9.2.1. Company presentation
9.2.2. Key leaders
9.2.3. Company overview
9.2.4. Operating business areas
9.2.5. Product portfolio
9.2.6. Key strategic moves and developments
9.3. America’s First Home Warranty Company
9.3.1. Company presentation
9.3.2. Key leaders
9.3.3. Company overview
9.3.4. Operating business areas
9.3.5. Product portfolio
9.3.6. Company performance
9.3.7. Key strategic moves and developments
9.4. fnhw
9.4.1. Company presentation
9.4.2. Key leaders
9.4.3. Company Overview
9.4.4. Operating business areas
9.4.5. Product portfolio
9.5. Frontdoor, Inc. (American Home Shield Corporation)
9.5.1. Company presentation
9.5.2. Key leaders
9.5.3. Company overview
9.5.4. Operating business areas
9.5.5. Product portfolio
9.5.6. Company performance
9.5.7. Key strategic moves and developments
9.6. Home Buyers Guarantee Society
9.6.1. Company presentation
9.6.2. Key leaders
9.6.3. Company overview
9.6.4. Operating business areas
9.6.5. Product portfolio
9.6.6. Key strategic moves and developments
9.7. Landmark Home Warranty
9.7.1. Company presentation
9.7.2. Key leaders
9.7.3. Company overview
9.7.4. Operating business areas
9.7.5. Product portfolio
9.8. International Society of the Old Republic
9.8.1. Company presentation
9.8.2. Key leaders
9.8.3. Company overview
9.8.4. Operating business areas
9.8.5. Product portfolio
9.8.6. Company performance
9.8.7. Key strategic moves and developments
9.9. Oneguard Home Warranties
9.9.1. Company presentation
9.9.2. Key leaders
9.9.3. Company overview
9.9.4. Operating business areas
9.9.5. Product portfolio
9.10. Transform Sr Brands LLC
9.10.1. Company presentation
9.10.2. Company overview
9.10.3. Operating business areas
9.10.4. Product portfolio

For more information on this report, visit https://www.researchandmarkets.com/r/vpz0kc

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