@CapriRacer can probably give a pretty informed opinion on that.
Thanks for the vote of confidence.
The vehicle is at least a year old. The tires have 4500 miles on them. This type of bulge should have been noticeable almost immediately after delivery of the vehicle. This type of bulge could have happened due to an impact.
Is the bulge excessive? Yes!
Is the bulge in danger of getting worse? No!
What is likely to happen at the tire dealer? Warranty denied. The tire is too old and the condition was likely caused by an external event.
But there is no harm in trying.