Building Inspection Services Global Market Report 2022

Building Inspection Services Global Market Report 2022 - By Service (Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services), By Application (Residential, Commercial), By Sourcing Type (In-house services, Outsourced services) - Market Size, Trends, And Global Forecast 2022 - 2026

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Building Inspection Services Global Market Report 2022

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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 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 building inspection services 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%.

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 market.

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.

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.

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.

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 regions covered in the building inspection services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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

The global building inspection services market is segmented -

1) By Service: Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services, Others

2) By Application: Residential, Commercial, Others

3) By Sourcing Type: In-house services, Outsourced services

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1. Executive Summary

2. Building Inspection Services Market Characteristics

3. Building Inspection Services Market Trends And Strategies

4. 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 Market

29. 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

List Of Tables

Table 1: Global Historic Market Growth, 2016-2021, $ Billion

Table 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion

Table 3: Global Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 4: Global Building Inspection Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 5: Global Building Inspection Services Market, Segmentation By Sourcing Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 6: Global Building Inspection Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 7: Global Building Inspection Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 8: Asia-Pacific, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 9: China, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 10: India, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 11: Japan, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 12: Australia, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 13: Indonesia, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 14: South Korea, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 15: Western Europe, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 16: UK, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 17: Germany, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 18: France, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 19: Eastern Europe, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 20: Russia, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 21: North America, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 22: USA, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 23: South America, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 24: Brazil, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 25: Middle East, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 26: Africa, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Table 27: AmeriSpec Inspection Services Financial Performance

Table 28: HouseMaster Home Inspections Financial Performance

Table 29: National Property Inspections Financial Performance

Table 30: Pillar to Post Home Inspectors Financial Performance

Table 31: WIN Home Inspections Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2016-2021, $ Billion

Figure 2: Global Forecast Market Growth, 2021-2026F, 2031F, $ Billion

Figure 3: Global Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 4: Global Building Inspection Services Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 5: Global Building Inspection Services Market, Segmentation By Sourcing Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 6: Global Building Inspection Services Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 7: Global Building Inspection Services Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 8: Asia-Pacific, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 9: China, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 10: India, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 11: Japan, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 12: Australia, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 13: Indonesia, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 14: South Korea, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 15: Western Europe, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 16: UK, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 17: Germany, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 18: France, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 19: Eastern Europe, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 20: Russia, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 21: North America, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 22: USA, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 23: South America, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 24: Brazil, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 25: Middle East, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 26: Africa, Building Inspection Services Market, Segmentation By Service, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

Figure 27: AmeriSpec Inspection Services Financial Performance

Figure 28: HouseMaster Home Inspections Financial Performance

Figure 29: National Property Inspections Financial Performance

Figure 30: Pillar to Post Home Inspectors Financial Performance

Figure 31: WIN Home Inspections Financial Performance

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Frequently Asked Questions

What is the definition of the building inspection services market?

The building inspection services market consists of the sales of building inspection services by entities 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. request a sample here

How will the building inspection services market drivers and restraints affect building inspection services market dynamics? What forces will shape the building inspection services industry going forward?

The building inspection services market growth is aided by rising urbanization around the world. However, some building inspection services market restraints include labor shortage request a sample here

What is the forecast market size of the building inspection services market?

The building inspection services market forecast is expected to reach $14.33 billion in 2025 at a compound annual growth rate of 7.6%. request a sample here

How is the building inspection services market segmented?

The global building inspection services market is segmented -
1) By Service: Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services, Others
2) By Application: Residential, Commercial, Others
3) By Sourcing Type: In-house Services, Outsourced Services request a sample here

Which region has largest share, and what is the market size and growth by geography according to the building inspection services global market report?

For more detail on this, request a sample here.

Who are the key players of the global building inspection services market?

Top competitors in the building inspection services market are AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors, WIN Home Inspections. request a sample here.

What are the key trends in the global building inspection services market?

Major trends influencing the building inspection services market include developing and employing drones for building inspections request a sample here.

What are the major opportunities in the building inspection services market and the approaches companies can take to take advantage of them?

For detail on the future and current opportunities in the global building inspection services market, request a sample here.

How does the building inspection services market relate to the overall economy and other similar markets?

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