Home Warranty Service Market to Witness Astonishing Growth by 2034

The Home Warranty Service Market is an increasingly significant segment within the broader real estate and home services industries. These services provide homeowners with protection against the unexpected repair or replacement costs of major home systems and appliances that break down due to normal wear and tear. This offers a layer of financial predictability and peace of mind beyond standard homeowner's insurance. The market's growth is largely fueled by a desire among homeowners to mitigate unforeseen expenses associated with household repairs. As homes and their internal systems age, the likelihood of breakdowns increases, making home warranties an attractive proposition. For many, especially first-time homebuyers or those purchasing older properties, a home warranty can alleviate concerns about immediate post-purchase repair burdens. Another key driver is the active real estate market. Home warranty plans are often offered as incentives during home sales, benefi...