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Building Inspection Services Global Market Report 2022

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    Report

  • 175 Pages
  • December 2021
  • Region: Global
  • The Business Research Company
  • ID: 5515074
Building Inspection Services Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global building inspection services market as it emerges from the COVID-19 shut down.



Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the building inspection services ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Building Inspection Service market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider building inspection services market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The building inspection services market section of the report gives context. It compares the building inspection services market with other segments of the building inspection services market by size and growth, historic and forecast.

Scope

Markets Covered:

  • By Service: Home Inspection Services; Specific Element Inspection Services; Commercial Building Inspection Services; Others
  • By Application: Residential; Commercial; Others
  • By Sourcing Type: In-house services; Outsourced services

Companies Mentioned: AmeriSpec Inspection Services ; HouseMaster Home Inspections ; National Property Inspections ; Pillar to Post Home Inspectors ; WIN Home Inspections

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Building Inspection Services Market

What is the estimated value of the Global Building Inspection Services Market?

The Global Building Inspection Services Market was estimated to be valued at $12.82 billion in 2022.

What is the growth rate of the Global Building Inspection Services Market?

The growth rate of the Global Building Inspection Services Market is 11.4%, with an estimated value of $19.75 billion by 2026.

What is the forecasted size of the Global Building Inspection Services Market?

The Global Building Inspection Services Market is estimated to be worth $19.75 billion by 2026.

Who are the key companies in the Global Building Inspection Services Market?

Key companies in the Global Building Inspection Services Market include AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections.

Table of Contents

1. Executive Summary2. Building Inspection Services Market Characteristics3. Building Inspection Services Market Trends And Strategies4. Impact Of COVID-19 On Building Inspection Services
5. Building Inspection Services Market Size And Growth
5.1. Global Building Inspection Services Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Building Inspection Services Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Building Inspection Services Market Segmentation
6.1. Global Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Home Inspection Services
  • Specific Element Inspection Services
  • Commercial Building Inspection Services
  • Others
6.2. Global Building Inspection Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Residential
  • Commercial
  • Others
6.3. Global Building Inspection Services Market, Segmentation By Sourcing Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • In-house services
  • Outsourced services

7. Building Inspection Services Market Regional And Country Analysis
7.1. Global Building Inspection Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Building Inspection Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Building Inspection Services Market
8.1. Asia-Pacific Building Inspection Services Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Building Inspection Services Market
9.1. China Building Inspection Services Market Overview
9.2. China Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Building Inspection Services Market
10.1. India Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Building Inspection Services Market
11.1. Japan Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Building Inspection Services Market
12.1. Australia Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Building Inspection Services Market
13.1. Indonesia Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Building Inspection Services Market
14.1. South Korea Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Building Inspection Services Market
15.1. Western Europe Building Inspection Services Market Overview
15.2. Western Europe Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Building Inspection Services Market
16.1. UK Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Building Inspection Services Market
17.1. Germany Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Building Inspection Services Market
18.3. France Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Building Inspection Services Market
19.1. Eastern Europe Building Inspection Services Market Overview
19.2. Eastern Europe Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Building Inspection Services Market
20.1. Russia Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Building Inspection Services Market
21.1. North America Building Inspection Services Market Overview
21.2. North America Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Building Inspection Services Market
22.1. USA Building Inspection Services Market Overview
22.2. USA Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Building Inspection Services Market
23.1. South America Building Inspection Services Market Overview
23.2. South America Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Building Inspection Services Market
24.1. Brazil Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Building Inspection Services Market
25.1. Middle East Building Inspection Services Market Overview
25.2. Middle East Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Building Inspection Services Market
26.1. Africa Building Inspection Services Market Overview
26.2. Africa Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Building Inspection Services Market Competitive Landscape And Company Profiles
27.1. Building Inspection Services Market Competitive Landscape
27.2. Building Inspection Services Market Company Profiles
27.2.1. AmeriSpec Inspection Services
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. HouseMaster Home Inspections
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. National Property Inspections
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Pillar to Post Home Inspectors
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. WIN Home Inspections
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
29. Key Mergers And Acquisitions In The Building Inspection Services Market29. Building Inspection Services Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. The Business Research Company
30.5. Copyright And Disclaimer

Executive Summary

Major players in the building inspection services market are AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections.

The global building inspection services market is expected to grow from $11.35 billion in 2021 to $12.82 billion in 2022 at a compound annual growth rate (CAGR) of 13.0%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $19.75 billion in 2026 at a CAGR of 11.4%.

The building inspection services market consists of the sales of building inspection services by entities (organizations, sole traders and partnerships) that evaluate all aspects of the building structure and component systems and prepare a report on the physical condition of the property, generally for buyers or others involved in real estate transactions.

The main types of services in building inspection services are home inspection services, specific element inspection services, commercial building inspection services and others. Home inspection is enlisting the help of specialised firms or licenced personnel to conduct a complete examination of the property in order to identify any structural or mechanical problems. The different source types include in-house services, outsourced services and is used in various applications such as residential, commercial, others.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Rising urbanization around the world is expected to drive the building inspection services market. Increase in number of individuals moving to urban areas for employment, better lifestyles, and opportunities led to an expansion in urban areas. According to the United Nations Department of Economic and Social Affairs, about 4.4 billion people live in urban areas in 2020 and is projected to rise to 6.7 billion by 2050. Urbanization has increased the availability of affordable housing, infrastructure, and essential services. As infrastructure grows, it requires laws and legislation to determine the safety of buildings to prevent hazards and to provide the public with safe buildings that building inspection services can help with. Thus, increasing urbanization is a major factor that contributes to the growth of the demand for building inspection services.

Companies and governments are developing and employing drones for building inspections. Drones, also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UASs) are a flying robot that can be controlled remotely or independently operated through software-controlled flight plans in its embedded systems, working in conjunction with onboard sensors and GPS systems. Drones enable building inspections safer, faster as well as more cost-effective. In October 2020, Singapore analytics and acoustic technologies company H3 Zoom. AI started using drones for building inspection and facility management after realizing that the city's highly urban environment delayed digital technology disruption. Moreover, in September 2020, New York City Council has passed a bill to explore the use of drones for building facade inspections.

Labor shortage is expected to hinder the building inspection services market. Finding labor for conducting building inspections is difficult particularly with specific skills. For instance, the San Jose’s fire department, in September 2020, reported there is a shortage of staff for conducting fire audits for new buildings. In 2019, the Philadelphia Department of Licenses and Inspections called for 800 more inspectors for building inspections. This staff crunch directly affects the reputation as they fail to cater to timely service and the revenue of the company as they are unable to take up more numerous inspections and thereby hinder the building inspection services market.

In December 2020, Applus+, a Sapin based company that provides testing and inspection services acquired SAFCO Group for an undisclosed amount. Through this acquisition Applus+ will be able to increase its service portfolio in Middle East. SAFCO Group is a Saudi Arabia based company that provides building inspection services.

The countries covered in the building inspection services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AmeriSpec Inspection Services
  • HouseMaster Home Inspections
  • National Property Inspections
  • Pillar to Post Home Inspectors
  • WIN Home Inspections

Methodology

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