Quadintel published a new report on the Building Inspection Services Market. The research report consists of thorough information about demand, growth, opportunities, challenges, and restraints. In addition, it delivers an in-depth analysis of the structure and possibility of global and regional industries.
Global Building Inspection Services Market is valued at approximately USD $$ billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2030.
Building inspection services include sales of building inspection services by entities (organizations, sole traders and partnerships) to evaluate all aspects of the building components systems and structure 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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Government projects for affordable housing and increasing urbanization are the major factors driving demand for building inspection services market. Such as, in 2015, government of India introduced Pradhan Mantri Awas Yojana (PMAY) to provide affordable housing to all citizens by 2022. Also, according to the World Bank, urban population (% of urban population) increased from 55.72% in 2019 to 56.15% in 2020. Furthermore, strategic initiatives by market players and rise in the standard of living are projected to fuel significant growth in the market during the forecast period 2022-28. In December 2020, Applus+, acquired SAFCO Group.
Through this acquisition, Applus+ will be able to increase its service portfolio in Middle East. Also, in October 2020, Singapore analytics and acoustic technologies company H3 Zoom begin using drones for building inspection and facility management. However, high cost of these services and labor shortage may impede the growth in coming years.
The key regions considered for the Global Building Inspection Services Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is leading the world market in terms of revenue owing to presence of prominent players in the region. Whereas, Asia Pacific is projected to grow with a significant growth rate in near future due to growing urbanization and rising disposable income.
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Major market players included in this report are:
AmeriSpec Inspection Services
HouseMaster Home Inspections
National Property Inspections
Pillar to Post Home Inspectors
WIN Home Inspections
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Home Inspection Services
Specific Element Inspection Services
Commercial Building Inspection Services
By Sourcing Type:
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Building Inspection Services Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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Table of Contents:
- Market Overview
- Market Definition and Scope
- Market Dynamics
- Market Industry Analysis
- Market, Regional Analysis
- Analysis of Leading Companies
- Competitive Intelligence
- Research Process
- Market Analysis and Forecast, By Product Types
The global market is forecast to witness a rapid growth, owing to increasing demand for technological advancements from end-users. Moreover, increasing investments in research and development activities, launches, partnerships, and other strategic initiatives will benefit the market. Furthermore, the growing focus of authorities towards increasing urbanization and industrialization is forecast to drive the market growth.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter’s Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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