Global Building Inspection Services Market Size, Forecasts, And Opportunities
Learn about the global building inspection services market through The Business Research Company, which provides information on building inspection services market size, building inspection services market drivers and restraints, building inspection services market players, the COVID-19 impact on the building inspection services market, and more.
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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 innovation in building inspection services manufacturing, thus driving the market during the forecast period.
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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.
Global Building Inspection Services Market Segments Include:
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 market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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.
TBRC’s building inspection services market report covers:
Major Market Players: AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors and WIN Home Inspections.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Building Inspection Services Global Market Report 2021: Market Size, Trends, And Global Forecast 2022 – 2026 is one of a series of new reports from The Business Research Company that provides building inspection services market overviews, analyses and forecasts market size, share, building inspection services market players, building inspection services market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s building inspection services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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