How Global Building Inspection Services Market Players Should Strategize For 2022-2031

1 Feb, 2022

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 in the market 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%.

What is the Global Building Inspection Services Market?

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.

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What drives the Global Building Inspection Services Market?

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.

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Global Building Inspection Services Market Segments
The global building inspection services market is segmented:
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
By Geography: The regions covered in the building inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Building Inspection Services Global Market Report 2022provides market size and growth forecasts for the global building inspection services market, global building inspection services market share, building inspection services market segments and geographies, building inspection services market competitive landscape including leading competitors’ revenues, profiles and market shares. The building inspection services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Building Inspection Services Industry Playersinclude AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.