that's basically specified by the battery manufacturer as to what ought to be minimum servicable life before any degradation occurs.
it should cover the duration of a typical number of charge/discharge cycles a battery can fulfil with about 90% of it's original capability.
an OEM would expect a small-ish return rate of 1-2% not being able to meet this specification.
the battery is still expected to operate in some capacity between 60-90% of original function after this date, but performance will drop away over time.
in the case of lead acid batteries the electrodes get eaten away and the sulphuric acid becomes less acidic( sulphate ions in the acid bond with lead/copper .Copper electrodes give copper sulphate-the blue/green stuff you see over the terminal sometimes.)
Warranty times are going up all the time as real world experience of Battery life reveals itself. There are some remarkable examples, a Honk Kong Taxi Driver clocking up over 500,000km in a Tesla Minicab for example.
Also remember Battery Tech is improving, solid state batteries, Graphene batteries, super-capacitors, a bewildering number of developments, there are Youtube channels like Fully Charged covering these developments. I did laugh the other day when the local Councillor supposedly developing Environmental policy claimed BEVs were no solution because of the Lead in the batteries, when there is no lead in a normal Li Ion Battery. (She was right, in that replacing ICEVs with BEVs is no solution, but because we should be getting people to switch to bike, bus and rail, not due to technology).