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Mattress Market is Likely to Touch Around USD 43 Billion by 2024: Report

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Madrid, Spain – A new research report based on Mattress Market highlighting the product, size, end-user has been released. This report highlights the in-depth analysis of current business trends and the prospective growth of the Mattress market. And according to this report, this market will most probably reach a whopping figure of USD 43 Billion in the next 5 years. To drive at this figure, it has taken many factors such as key drivers, restraints, popular market players, etc. into account. The mattress market research report also focusses on the important factors responsible for the global Mattress Market and the popular players in this sector.

Using SWOT analysis, the report estimates the growth of Mattress Market globally. Analysis of the recent enhancement and the expansion of key Mattress Market players have been mentioned in a detailed manner in the report. Also, the key product category, revenue segmentation, and various helpful information such as product offerings have been covered under this report. Apart from the current trends, the report highlights various opportunities regarding the growth of the Mattress Market in the coming time. The report simply does so by using various methodological tools to predict the growth in future time. Mattress reviews available online have also contributed to study the current growth trends in the mattress market.

In order to classify the global Mattress Market, various factors such as types of product, application segments, and end-user have been taken into consideration. The segmental study of the growth prospects of the future helps to analyze this market well. The data has been collected from the regulatory organizations and also the estimation of future growth is taken into consideration on the basis of various regions. Various other key points such as joint ventures, strategic alliances, mergers and acquisitions, R&D in the mattress market industry have been considered in this report. People all across the world are giving special importance to buy mattresses and CPAP cleaners to keep their house well-furnished in order to have a sound sleep.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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Business

[QUICK GUIDE] How Much Does Home Warranty Coverage Cost? | Total Home Protection

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The average cost of home warranty coverage is between $300 to $600 per year, or $25 to $50 per month (Total Home Protection sits neatly inside this average with plans that range from $500-$599 annually.) Although, you are also required to pay an average of $75 per service call visit. Note, costs may vary based on where you live and the level of coverage you want to place on your home.

As a quick review, the standard fees are as follows:

  • Annual Payment: $300 to $600 per year
  • Monthly Payment: $25 to $50 per month
  • Service Call Fee: $75 per service call visit

Depending on your annual coverage limits, you may also have to pay for repairs that exceed your maximum coverage for a select number of items in your contract. The cost of this will depend on your home warranty coverage company. More on this below:

What is Covered by a Home Warranty Policy?

Home warranty coverage comes in many forms. And home warranty companies offer multiple plans in order to provide their policyholders as much value as possible.

In the case of Total Home Protection (THP), for example, CEO David Seruya describes their coverage plans as follows: “We offer two home warranty plans: Gold Plan and Platinum Plan. Both cover essential home systems and appliances; although the Platinum Plan supplies more extensive services.” THP’s coverage also extends its warranty to cover items despite the item’s age, make, or model, which means that they cover the cost of repair and replacements of all covered items, as long as the damages incurred are a result of natural wear and tear.

Is Home Warranty Coverage Worth the Cost?

To answer this question, let’s discuss the cost of repairs and replacements without home warranty coverage, which we’ve broken down below:

  • Cost of Repairs: The cost of repairing damaged items in your home without a home warranty will vary based on the item damaged. As an example, however, the average repair cost of a dishwasher is around $100 to $200. Not so terrible, as a whole. But then, let’s look at the average repair cost of an air conditioner, which can cost up to $160 to $530! Or, the cost of repairing a water heater, which averages at around $200 to $900!

Handling one or two repairs per year for these appliances and home systems might not seem so bad for the short term. However, when you consider the average lifespan of these items—which is around 10-15 years each—you can start to see that there is definite value in having home warranty coverage. Especially for those with older homes or with more items to protect.

  • Cost of Replacements: Borrowing from our previous examples: the average replacement cost of a Dishwasher is $300 to $600, replacing a water heater will take another $2,000 to $4,000, and a replacement heating system will cost a whopping $3,000 to $5,000.

Replacements aren’t required as often, of course. And, as mentioned, there are coverage limits that limit the amount of coverage you get per item, per year anyway. However, even when you consider these two factors, the value getting covered is clear when you compare the average cost of a home warranty ($500-$599 if you choose Total Home Protection) and the amount you’ll have to pay to replace one of the bigger ticket items in your home.

Review: Should You Purchase Home Warranty Coverage?

In the end, we’re left with one question: should you purchase home warranty coverage? Unfortunately, only you will be able to truly answer this. The average cost of a home warranty is $300-$600 per year, and that comes with more than $20,000 worth of coverage for your home per year.

Remember that, and then estimate the average cost of repairing or replacing the items in your home based on their average lifespan, and then compare that cost to the annual cost of home warranty coverage.

And, once you’ve got that all figured out, we recommend that you reach out to a home warranty provider like Total Home Protection, who can give you a personal quote on the best plan and the best coverage for you based on your budget and your home. They should be able to address any questions or concerns that you might have as well. And would be more than happy to help you through the process of understanding what exactly you’re signing up for.

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