Building Inspectors in the US - Industry Research Report

Up to code: A volatile consumer real estate market will dampen building inspection demand

The Building Inspectors industry evaluates a building's structure and component systems, workmanship and compliance with building standards and zoning laws. One of the industry's most significant revenue streams comes from homebuyers and sellers that hire inspectors to ensure the integrity of the house and that all regulations are met before sale. Other major markets include commercial building buyers, government agencies and parties involved in building construction. The industry benefited from a long period of low interest rates, with consumers encouraged to invest in large-item purchases, such as homes. These positive economic trends have enabled revenue to grow at a CAGR of 1.6% to an estimated $5 billion over the past five years.

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 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.