Over the five years to 2017, the Building Inspectors industry has grown at a significant rate. The Building Inspectors industry is closely tied with real estate transactions, the value of residential and private nonresidential construction, as well as spending levels both by individuals and corporations. As a result, industry revenue has followed the growth in all of these factors. Over the five years to 2022, the industry will continue to grow. Increasing existing home sales and other real estate transactions will drive demand for industry services, but growth will be more subdued than in the previous period. Housing starts and existing home sales are expected to grow at a slower annualized rate than they had in the previous period. Since this industry is inextricably tied to real estate transaction, industry revenue will follow this trend and continue to grow but at a slower rate.
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.