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Conveyancing Services in the US - Industry Market Research Report

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    Report

  • 51 Pages
  • March 2023
  • Region: United States
  • IBISWorld
  • ID: 337375

New Owner: Increased Inflation and Rising Interest Rates Will Likely Present Challenges to Industry Growth

The industry grew following consistent housing starts and increased home sales. Nonetheless, the recession caused by COVID-19 halted economic production, decreasing demand for commercial real estate and construction activity. Interest rates dropped following the shutdown of the economy, which encouraged home sales and housing starts; this ultimately dampened revenue loss in 2020. Still, the Federal Reserve increased interest rates substantially in 2023 to combat inflation, which has increased the cost of mortgages and reduced demand for real estate by making financing much more expensive. So industry-wide revenue has decreased at a CAGR of 1.3% over the past five years - including an estimated 15.3% in the current year - and is expected to total $18.3 billion in 2023, while profit drops to 9.4%.

This industry comprises companies and legal practitioners that provide conveyancing services to individuals and corporate clients. Conveyancing, the process of transferring ownership of land or property from one person or entity to another, requires specialists to advise parties, prepare documentation and conduct the settlement process. Other industry offerings include arbitration services, expert witness services and assistance with intellectual property claims.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry's key players and their market shares.


Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Fidelity National Financial Inc.
  • Old Republic International Corporation
  • First American Financial Corporation
  • Stewart Information Services Corp
  • Epiq Systems Inc.
  • Integron Inc.
  • Unitedlex Corporation
  • Bdo Usa LLP
  • Infosys Limited
  • Elevate Services Inc.
  • Cra International inc.
  • Clarivate Plc
  • Argo Group International Holdings Ltd.
  • Deerfield Duff & Phelps Llc
  • QuisLex Inc.
  • Morae Global Corporation
  • Investors Title Co
  • IMS ExpertServices
  • Exigent Group Limited
  • ForensisGroup Inc.
  • Alliant National Title Insurance Company
  • SEAK Inc.
  • JurisPro Inc.
  • Ivey Engineering Inc.

Methodology

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