Fully covered: Consistent improvements in the housing market will boost industry demand

IBISWorld’s Home Warranty Providers market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


Industry Threats & Opportunities

  • Consistent improvements in the domestic housing market will boost industry demand
  • Large industry players have many advantages over potential entrants
  • Per capita disposable income will increase, boosting demand for home warranties

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    Industry Analysis & Industry Trends

    Given the industry's close connection with the domestic housing market, the continued recovery in both existing home sales and housing starts has aided the Home Warranty Providers industry. Over the next five years, industry revenue is forecast to increase due to continued improvements in the housing market. Mounting existing home sales and housing starts will benefit the industry; however, any increases in regulation can potentially harm profitability in the future...

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    Industry Report - Industry Key Buyers Chapter

    The Home Warranty Providers industry operates with a moderate level of market share concentration, with the four largest companies expected to account for 67.5% of total industry revenue in 2016. The majority of companies operate on a regional or local basis; however, industry player The ServiceMaster Company is estimated to control 43.6% of the industry alone. The company enjoys a strong position in the market because it was the first company to begin offering home warranty policies to homeowners and operates on a national basis. Other large industry players, including First American and Old Republic, are diversified insurance companies that also provide title insurance and escrow services. The..

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    Additional Insights for the Home Warranty Providers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Warranty Providers Industry are

  • Must comply with government regulations
  • Having a good reputation
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Homeownership rate and Existing home sales in the Home Warranty Providers industry impact industry performance..

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    Industry Products

    What is the Home Warranty Providers Industry?

    This industry underwrites home warranty policies, which protect a homeowner against the cost of repair or replacement of any structural component or appliance of a home that is caused by normal wear and tear or by a defect of a structural component or appliance.

    Industry Products
    General appliance and other warranties
    Heating and air conditioning warranties
    Main electrical panel and wiring warranties
    Industry Activities
    Providing general appliance and plumbing warranties
    Providing heating and air conditioning warranties
    Providing main electrical panel and wiring warranties

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Homeownership rate
  • Existing home sales
  • Per capita disposable income
  • External competition

  • Current Performance
  • Existing home sales and stability in renewals
  • Market share dominance
  • Cost structure trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Factors of production
  • Regulatory landscape
  • Table: Home Warranty Providers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Warranty Providers Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Electricians
  • Heating & Air-Conditioning Contractors
  • Major Household Appliance Manufacturing
  • Plumbers

  • Products & Services
  • General appliance and other warranties
  • Heating and air conditioning warranties
  • Main electrical panel and wiring warranties
  • Chart: Home Warranty Providers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Homeowners aged 33 and younger
  • Homeowners aged 34 to 48
  • Homeowners aged 49 to 58
  • Homeowners aged 59 to 67
  • Homeowners aged 68 and older
  • Chart: Major Market Segmentation for the Home Warranty Providers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitProvision for home warranty claimsWagesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Home Warranty Providers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Warranty Providers Industry

  • Industry Globalization
    Major Companies
    The ServiceMaster Company First American Financial CorporationOld Republic International Corp.
  • Table: The ServiceMaster Company - financial performance
  • Table: First American Financial Corporation - financial performance
  • Table: Old Republic International Corp. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Home Warranty Providers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Home Warranty Providers Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Existing home sales (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
  • The specified amount of payment required periodically by a home warranty provider to provide coverage under a given insurance plan for a defined period of time.
  • Service Fee
  • Fee paid by the homeowner for each repair or replacement made.
  • Warranty
  • Type of coverage offered by vendors to cover repair or replacement costs for products.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Home Warranty Providers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Home Warranty Providers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Home Warranty Providers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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