Demand for building inspection services will get a boost from the economic recovery over the next five years. While the weak housing market has hit industry businesses hard, the revival of housing starts and rising number of existing home sales will contribute to growth. Mortgage lending rates will continue to remain tight and hamper revenue; however, the industry is poised for a recovery.
This industry includes companies that primarily perform inspections on buildings. When industry representatives inspect a building, they evaluate all aspects of its structure and component systems, and they prepare a report on the physical condition of the property. These reports are written for buyers or others involved in real estate transactions. Building inspection bureaus and companies that carry out home inspection services are also included in this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.