A few years back I read a study where it found the average life of a consumer electronics product like TV or audio is approximately 4.5 years if the product makes it past the 30 day mark. Most failures due to workmanship of materials happen before that 30 day mark.
When I buy something new I put some serious hours on it in that 30 day window intentionally. I can't remember the last time I had a failure. I've been extremely lucky at this game over the past 45 years
So yes. I appreciate warranties , but they are seldom needed early in a products life.
My main speakers were a 10 year warranty , second system speaker has a five year warranty. DAC, 5 years. Second system amp, 3 years. Sub, 5 years. All good warranties, still in effect but I hope to never exercise them.