I glad this is a "for instance" thought. I'll apply it to the extreme.
If it was built right, and you use it right, how could it ever need warranty replacement?
Of course, half of my craftsman metric sockets from twenty years ago have been replaced - which is one reason I never buy twelve point anymore - it's not necessary or a good design. Having them replaced made me wonder why I was buying sockets guaranteed to be replaced when broken - meaning, we know it's not good enough for some of you, but we're certain we can get your money with a promise to give you another cheap socket later.
If you're favorite knife HAD NO WARRANTY AT ALL, would you do some of the stuff seen around here - baton folders, pry, throw, or spinewhack? We all know that it is flat out abuse, but that good ol warranty really means I paid some extra to get others to help support my bad decisions through the imbecile protection plan.
Of course makers offer a warranty, it's justified money in the bank for them, demanded by consumers, and paid for by direct subscription.
Anybody notice the higher the market price you go, the more and longer it's covered?
Follow the money . . .