Global Building Inspection Services Market Trends And Strategies Of Major Players In The Building Inspection Services Market 2021-2030
26 Aug, 2021
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.
Global Building Inspection Services Market Size And Drivers:
The global building inspection services market is expected to grow from $9.3 billion in 2020 to $10.7 billion in 2021 at a compound annual growth rate (CAGR) of 15.1%. 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 $14.33 billion in 2025 at a CAGR of 7.6%. Rising urbanization around the world is expected to drive the building inspection services market.
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Trends In The Global Building Inspection Services Market
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.
Global Building Inspection Services Market Segments:
The global building inspection services market is further segmented based on service, application, sourcing type and geography.
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 global building inspection services market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Building Inspection Services Market At:https://www.thebusinessresearchcompany.com/report/building-inspection-services-global-market-report
Building Inspection Services Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides building inspection services market overviews, analyzes and forecasts market size and growth for the global building inspection services market, building inspection services market share, building inspection services market players, building inspection services market segments and geographies, building inspection services market’s 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.