Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 10.08 billion

CAGR (2023-2028)

12.19%

Fastest Growing Segment

Home Inspection Services

Largest Market

North America

Market Overview

Global Building Inspection Services Market has valued at USD 10.08 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 12.19% through 2028. The Building Inspection Services market refers to a sector within the construction and real estate industry dedicated to the evaluation, examination, and verification of the structural integrity, safety, compliance with regulatory standards, and overall quality of buildings and properties. This market encompasses a range of professional services provided by licensed and certified building inspectors, engineering firms, and specialized companies. Building inspection services play a pivotal role in ensuring that construction projects, both residential and commercial, adhere to established building codes, environmental regulations, safety standards, and sustainability criteria. These services involve a systematic review of architectural plans, on-site inspections at various construction stages, and the issuance of permits and certificates of occupancy.

Additionally, the Building Inspection Services market has evolved to incorporate advanced technologies, such as drones, 3D scanning, and Building Information Modeling (BIM), to enhance the accuracy and efficiency of inspections. This market is essential for safeguarding public safety, mitigating risks, promoting sustainable construction practices, and maintaining the integrity of the built environment.

Key Market Drivers

Increasing Urbanization and Infrastructure Development

The rapid pace of urbanization and infrastructure development worldwide is a significant driver of the global Building Inspection Services market. As populations continue to migrate from rural to urban areas, cities are expanding, and new construction projects are on the rise. This growth places a substantial demand on building inspection services to ensure that buildings are constructed safely, meet regulatory standards, and are environmentally sustainable. Urbanization not only leads to the construction of new buildings but also necessitates the inspection and maintenance of existing structures. Aging infrastructure in many developed countries requires regular assessment and repair to ensure public safety. Building inspection services are crucial in identifying structural deficiencies, code violations, and safety hazards in these older buildings. Additionally, as cities strive to become more sustainable, building inspections are essential in verifying that construction projects adhere to green building codes and energy efficiency standards. This aligns with the global push for environmentally responsible construction practices.

Stringent Regulatory Requirements and Compliance

Building inspection services are driven by stringent regulatory requirements and compliance standards imposed by governments and local authorities worldwide. These regulations are put in place to safeguard public safety, promote energy efficiency, and ensure environmental sustainability. To meet these requirements, construction projects must undergo comprehensive inspections at various stages, from planning and design to construction and occupancy. Building inspectors play a critical role in enforcing these regulations, helping builders and developers adhere to codes and standards. The complexity and diversity of these regulations, which often vary by region, require highly specialized inspection services, contributing to the growth of the industry. Companies that provide building inspection services must stay up-to-date with evolving regulations and adapt their practices accordingly to remain compliant.

Increasing Focus on Safety and Risk Mitigation

Safety concerns related to building construction and occupancy continue to be a major driver of the Building Inspection Services market. High-profile incidents, such as building collapses or fires, underscore the importance of rigorous inspections to identify potential risks and vulnerabilities. To mitigate these risks, building inspection services conduct thorough assessments of structural integrity, fire safety, electrical systems, and other critical components. Identifying and addressing safety issues before they escalate not only saves lives but also minimizes financial and reputational risks for property owners and developers. Furthermore, insurance companies often require building inspections to underwrite policies for construction projects and properties. Compliance with safety standards and adherence to inspection protocols are crucial factors in securing insurance coverage, further fueling the demand for inspection services.

Technological Advancements in Inspection Techniques

The adoption of advanced technologies has revolutionized the Building Inspection Services market. Innovative tools and techniques, such as drones, 3D scanning, and Building Information Modeling (BIM), have significantly improved the efficiency and accuracy of inspections. Drones, equipped with cameras and sensors, can access hard-to-reach areas of buildings, capturing detailed images and data. This technology is particularly valuable for inspecting rooftops, facades, and tall structures, reducing the risks associated with manual inspections. BIM allows for the creation of detailed digital models of buildings, providing a comprehensive view of the structure before construction even begins. This enables inspectors to identify potential issues in the planning phase, resulting in cost savings and improved project outcomes.

Real Estate Market Dynamics

The real estate market plays a pivotal role in driving demand for building inspection services. As property transactions occur, whether residential or commercial, buyers and lenders often require thorough inspections to assess the condition of the property. These inspections can uncover hidden defects or maintenance issues that impact property value. Real estate transactions often hinge on the outcomes of these inspections. If significant issues are identified, negotiations may take place to adjust the sale price or require the seller to make repairs. As such, the health of the real estate market directly influences the volume of building inspections conducted. Moreover, fluctuations in real estate markets, such as housing booms or economic downturns, can impact the demand for inspection services. During periods of rapid construction and property sales, the need for inspections may surge, while in economic downturns, there may be a temporary slowdown.

Growing Awareness of Sustainability

Increasing global awareness of environmental sustainability is driving demand for building inspection services that focus on green building practices and energy efficiency. Governments and organizations worldwide are promoting sustainable construction to reduce carbon emissions and minimize the environmental footprint of buildings. Building inspection services now encompass sustainability assessments that evaluate a structure's energy efficiency, water usage, and overall environmental impact. This includes verifying compliance with green building certifications like LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method). Furthermore, building owners and developers are recognizing the long-term cost savings associated with energy-efficient buildings, making sustainability a key consideration in their projects. Building inspection services play a crucial role in certifying that these green building standards are met, providing assurance to both investors and the public.

In conclusion, the global Building Inspection Services market is driven by a combination of factors, including urbanization, regulatory requirements, safety concerns, technological advancements, real estate dynamics, and sustainability considerations. As the world continues to evolve, these drivers will likely remain at the forefront, shaping the future of the industry.

Government Policies are Likely to Propel the Market

Building Codes and Standards

Building codes and standards are a cornerstone of government policy in the Building Inspection Services market. Governments at various levels (local, regional, and national) establish and enforce these codes to ensure the safety, durability, and quality of buildings within their jurisdictions. Building codes cover a wide range of aspects, including structural integrity, fire safety, electrical systems, plumbing, accessibility, and energy efficiency. They are regularly updated to incorporate technological advancements and evolving safety requirements. Compliance with these codes is mandatory for builders and property owners, necessitating the involvement of building inspection services. Building inspectors, often employed or designated by government agencies, play a crucial role in enforcing these codes. They review construction plans, conduct inspections at various stages of construction, and issue permits and certificates of occupancy. Compliance with building codes is essential not only for public safety but also for insurance, financing, and legal reasons. Governments must strike a balance between ensuring safety and promoting economic development. Stringent codes can increase construction costs, potentially impacting affordability. Therefore, governments often engage in ongoing dialogue with industry stakeholders to refine codes and standards in a way that achieves the desired safety outcomes while supporting a vibrant construction sector.

Environmental Regulations and Sustainability Initiatives

Environmental policies and regulations have a growing impact on the Building Inspection Services market as governments worldwide prioritize sustainability and environmental conservation. These policies aim to reduce the environmental footprint of buildings, promote energy efficiency, and encourage the use of renewable resources. One key aspect of these policies is the requirement for building inspections to assess compliance with environmental and energy efficiency standards. Building inspectors must ensure that projects adhere to green building certifications like LEED (Leadership in Energy and Environmental Design) or BREEAM (Building Research Establishment Environmental Assessment Method). Government incentives, such as tax credits or grants, may be offered to builders and property owners who implement environmentally friendly practices. Building inspection services play a vital role in verifying that projects meet the criteria for these incentives, which can significantly impact project costs and returns on investment. Moreover, governments may introduce regulations that mandate specific sustainability features, such as solar panels, energy-efficient HVAC systems, or rainwater harvesting. Building inspection services must assess compliance with these requirements, promoting sustainable construction practices. In addition to immediate environmental benefits, these policies are aligned with broader global goals to combat climate change and reduce greenhouse gas emissions. As such, they are expected to play an increasingly prominent role in shaping the Building Inspection Services market in the coming years.

Licensing and Certification of Inspectors

Government policies regarding the licensing and certification of building inspectors are crucial to ensure the competence and professionalism of individuals in the industry. Licensing requirements vary by jurisdiction, but they typically involve a combination of education, experience, and examination. These policies serve several important purposes:

Consumer Protection: Licensing ensures that consumers receive services from qualified and knowledgeable professionals who can identify and address building issues accurately.

Standardization: Standardized licensing requirements help maintain consistency and uniformity in the inspection process, regardless of location.

Accountability: Licensed inspectors are subject to ethical and professional standards, promoting accountability in the industry.

Public Safety: Ensuring that inspectors have a deep understanding of building codes and regulations enhances public safety by reducing the likelihood of subpar inspections.

Quality Assurance: Licensing often requires inspectors to engage in continuing education, keeping them up-to-date with the latest building practices and technologies.

Governments play a critical role in overseeing the licensing process, and they may establish regulatory bodies responsible for administering exams, setting licensing standards, and investigating complaints against inspectors. These policies contribute to the overall credibility and reliability of building inspection services, which are essential for public trust in the industry.

Permitting and Documentation

Government policies related to permitting and documentation are essential for streamlining the construction process and ensuring transparency and accountability. The issuance of construction permits and the associated documentation play a pivotal role in building inspection services. To initiate a construction project, builders typically need to obtain permits from local government authorities. These permits outline the scope of work, including architectural and engineering plans, materials to be used, and construction timelines. Building inspectors review these permits to ensure they comply with building codes and zoning regulations. Throughout the construction process, inspectors conduct periodic site visits to verify that the work aligns with the approved permits. This helps prevent unauthorized modifications and deviations from approved plans. Documentation is a critical aspect of this process, as it provides a clear record of inspections, approvals, and any deviations or deficiencies. Government policies govern how permits are issued, the fees associated with them, and the requirements for documentation and reporting. Transparent and efficient permitting and documentation processes benefit both builders and inspectors, reducing the potential for disputes and ensuring that construction projects proceed smoothly and in accordance with regulations.

Disaster Preparedness and Resilience

In regions prone to natural disasters such as earthquakes, hurricanes, or floods, government policies related to disaster preparedness and resilience significantly impact the Building Inspection Services market. These policies aim to ensure that buildings can withstand the forces of nature and protect occupants. Building codes in disaster-prone areas often include strict requirements for structural integrity, foundation design, and reinforcement against specific hazards. Inspectors play a crucial role in verifying compliance with these codes and ensuring that buildings are resilient. Additionally, governments may establish policies that require periodic inspections and assessments of existing buildings to assess their vulnerability to natural disasters. This proactive approach helps identify potential risks and guides necessary retrofits or upgrades to improve building resilience. In some cases, government policies also provide incentives, such as tax credits or reduced insurance premiums, for property owners who invest in disaster-resistant building measures. Building inspection services are instrumental in verifying that these measures are in place and effective. These policies contribute to public safety by reducing the impact of disasters on both human lives and property. They also have economic implications, as resilient buildings are more likely to withstand catastrophic events, potentially reducing the financial burden on governments and insurance companies.

Affordable Housing Initiatives

Affordable housing policies have a substantial influence on the Building Inspection Services market, particularly in regions facing housing affordability challenges. Governments often introduce initiatives aimed at increasing the supply of affordable housing for low and middle-income individuals and families. Building inspection services play a pivotal role in these initiatives by ensuring that affordable housing projects meet quality and safety standards while remaining cost-effective. These inspections help prevent the use of substandard materials or shortcuts in construction that could compromise the long-term integrity of affordable housing units. Government policies related to affordable housing may include financial incentives for builders and developers who commit to constructing affordable units, such as grants, subsidies, or reduced regulatory requirements. Building inspectors must verify compliance with the specific criteria outlined in these policies. Furthermore, governments may establish guidelines for the allocation and distribution of affordable housing units, including requirements for income eligibility and rental or purchase pricing. Compliance with these guidelines is essential for builders, property managers, and inspectors.

In conclusion, government policies have a profound impact on the global Building Inspection Services market. These policies cover a wide range of areas, including building codes and standards, environmental regulations, licensing and certification, permitting and documentation, disaster preparedness, and affordable housing. The dynamic nature of these policies reflects evolving societal priorities, such as safety, sustainability, and housing affordability, and their influence on the building inspection profession is expected to continue to grow in the future.


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Key Market Challenges

Skill Shortages and Workforce Development

The Building Inspection Services market is grappling with a persistent challenge: skill shortages and the need for workforce development. This issue is multifaceted, driven by factors such as retirement of experienced inspectors, evolving industry demands, and difficulties in attracting and retaining new talent.

Aging Workforce: One of the primary drivers of the skill shortage in building inspection services is the aging workforce. Many experienced inspectors are nearing retirement age, and there is a lack of succession planning in place. As these seasoned professionals exit the industry, their wealth of knowledge and expertise leaves with them, creating a gap that is challenging to fill.

Evolving Industry Demands: The construction industry is constantly evolving, driven by technological advancements, changes in building codes, and growing sustainability concerns. Building inspectors need to stay up-to-date with these changes to effectively evaluate modern construction practices and materials. However, many inspectors who have been in the field for a long time may not have received formal training in the latest technologies and practices.

Attracting New Talent: Attracting new talent to the building inspection profession is a complex issue. Many young professionals may not view building inspection as an attractive career choice, as it often lacks the glamour associated with other construction-related roles. Additionally, there may be misconceptions about the nature of the job, with some perceiving it as routine or monotonous.

Training and Education: Building inspectors need a combination of technical knowledge, regulatory expertise, and practical experience. Training and education programs must address these requirements. However, there is often a lack of standardized training pathways and certification processes across different regions, making it challenging for aspiring inspectors to acquire the necessary skills and qualifications.

Diversity and Inclusion: The building inspection profession has historically lacked diversity, with underrepresentation of women and minority groups. Encouraging diversity and inclusion is not only a moral imperative but also a way to address the workforce shortage by tapping into a broader talent pool.

To address these challenges, industry stakeholders and government agencies must collaborate on initiatives aimed at workforce development:

Apprenticeship Programs: Implementing apprenticeship programs can help bridge the gap between experienced inspectors and new talent. These programs provide on-the-job training and mentorship opportunities for aspiring inspectors, enabling them to learn from seasoned professionals.

Promoting the Profession: Efforts to promote the building inspection profession should focus on highlighting the importance of the role in ensuring public safety and the potential for career growth and specialization within the field.

Standardized Training and Certification: Establishing standardized training and certification requirements can ensure that all inspectors possess a minimum level of knowledge and competency. This can enhance public trust in the profession and facilitate mobility for inspectors across different regions.

Diversity and Inclusion Initiatives: Efforts to promote diversity and inclusion within the profession can help attract a wider range of individuals to building inspection careers. This may include targeted outreach, mentorship programs, and scholarships for underrepresented groups.

In conclusion, addressing the challenge of skill shortages and workforce development is critical for the sustainability and effectiveness of the Building Inspection Services market. By investing in training, education, and initiatives that promote the profession, stakeholders can help build a skilled and diverse workforce capable of meeting the evolving demands of the industry.

Technological Integration and Data Management

The Building Inspection Services market is experiencing a significant challenge in effectively integrating and managing the growing volume of technological tools and data. While technology offers numerous advantages, including improved efficiency and accuracy, it also presents complex issues related to data management, interoperability, and cybersecurity.

Proliferation of Technologies: Building inspection services have witnessed a rapid proliferation of technologies such as drones, 3D scanning, Building Information Modeling (BIM), and specialized software for inspections. While these technologies offer valuable insights and efficiencies, they also introduce complexity in terms of equipment, training, and integration into existing workflows.

Data Management and Integration: Building inspectors now deal with vast amounts of data collected from various sources, including sensors, cameras, and digital models. Managing this data, ensuring its accuracy, and integrating it into inspection processes can be challenging. Inspectors must have the skills to effectively use data analysis tools and software.

Interoperability: Different technologies used in building inspection often operate in isolation, leading to inefficiencies and potential data silos. For example, data collected during drone inspections may not seamlessly integrate with BIM systems or inspection reports. Interoperability challenges can hinder the smooth flow of information and decision-making.

Cybersecurity: With the increasing digitization of inspection processes and data, the risk of cybersecurity threats becomes more pronounced. Building inspection services deal with sensitive information, including architectural plans, structural assessments, and occupancy data. Ensuring the security of this data is paramount.

Training and Adoption: Building inspectors must be trained to use a variety of technologies effectively. This requires ongoing education and a commitment to staying up-to-date with the latest advancements. Resistance to adopting new technologies can be a challenge, particularly among inspectors who are not digitally native.

To address these challenges, industry stakeholders must take a proactive approach to technological integration and data management:

Standardization: Developing industry-wide standards for data formats, protocols, and interoperability can facilitate seamless integration of technologies and data. This can reduce complexity and enhance the efficiency of building inspection processes.

Cybersecurity Measures: Implementing robust cybersecurity measures, including encryption, access controls, and regular security audits, is essential to protect sensitive inspection data from cyber threats. Inspectors and organizations must prioritize cybersecurity training and awareness.

Data Governance: Establishing clear data governance policies and procedures helps ensure the quality, accuracy, and confidentiality of inspection data. This includes defining roles and responsibilities for data management and implementing data validation and verification processes.

Training and Education: Building inspectors should receive comprehensive training on the use of technology and data management tools. Continuous professional development programs can help inspectors stay current with evolving technologies and best practices.

Collaboration with Technology Providers: Building inspection services should collaborate with technology providers to develop solutions that meet the specific needs of the industry. This can include customized software, training programs, and support services.

In summary, the integration of technology and effective data management are critical challenges facing the Building Inspection Services market. Overcoming these challenges requires a combination of standardization, cybersecurity measures, robust data governance, ongoing training, and collaboration with technology providers. By addressing these issues, the industry can harness the benefits of technology while maintaining the integrity of building inspections.

Segmental Insights

Home Inspection Services Insights

The Home Inspection Services segment had the largest market share in 2022 & expected to maintain it in the forecast period. he residential real estate market typically experiences a higher volume of transactions compared to commercial or specialized properties. More people buy and sell homes than commercial buildings or specialized properties. Each residential transaction often involves a home inspection, making this segment larger in terms of sheer volume. Homebuyers are increasingly aware of the importance of home inspections. They recognize that a home inspection can uncover potential issues or safety concerns, helping them make informed decisions. As such, there is a strong consumer demand for home inspection services. In many regions, home inspections are either legally required or strongly recommended as part of the home buying process. Mortgage lenders may also require inspections before approving loans. These legal and financial considerations drive the demand for home inspection services. Home inspection services cater to a wide range of clients, including first-time homebuyers, real estate investors, and those looking to upgrade or downsize. This diversity in the client base contributes to the high demand for home inspections. Home inspections are seen as a critical element of consumer protection in real estate transactions. They help ensure that buyers are aware of a property's condition, which can prevent costly surprises after the purchase. In some cases, sellers may opt for pre-listing inspections to identify and address issues before putting their homes on the market. This proactive approach can make homes more attractive to buyers and streamline the sales process. Home inspection services have become more standardized over time, with industry associations and organizations establishing best practices and codes of ethics. This standardization enhances consumer trust in the services provided. Homeowners who have previously benefited from a home inspection may hire inspectors again when buying or selling other properties, contributing to the continued demand for these services. The home inspection industry has evolved to include new technologies, such as thermal imaging and remote inspections, which enhance the quality and depth of services offered.

Outsourced Services Insights

The Outsourced Services segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Outsourcing building inspection services can often be more cost-effective for companies compared to maintaining an in-house inspection team. Outsourced providers may have specialized equipment and resources, which can reduce overall operational costs. Building inspection service providers typically specialize in this field and have a dedicated team of experts with in-depth knowledge of building codes, regulations, and industry best practices. This specialization can lead to more accurate and reliable inspections. Outsourced providers may invest in the latest inspection technology and tools, such as drones, thermal imaging cameras, and software for data analysis. This technology can enhance the quality and efficiency of inspections. Outsourcing allows companies to scale their inspection services up or down as needed. They can easily adjust their level of service without the commitment of hiring and training full-time employees. Managing an in-house inspection team involves administrative tasks such as hiring, training, payroll, and benefits. Outsourcing can alleviate these administrative burdens and allow companies to focus on their core operations. Outsourced providers often have strict quality control measures and adhere to industry standards and regulations. This can ensure that inspections are conducted consistently and in compliance with local building codes. Building inspection service providers may have a broader geographic reach, allowing them to offer services in multiple locations or regions. This can be advantageous for companies with a widespread portfolio of properties. By outsourcing building inspections, companies can transfer some of the risks associated with liability and errors to the service provider, potentially reducing their exposure to legal and financial risks. Outsourced providers can tailor their services to meet the specific needs of their clients, offering flexibility and customization options that may not be available with an in-house team. Companies in the real estate and construction industry can concentrate on their core activities, such as property development or construction, while leaving the inspection aspect to experts.


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Regional Insights

 North America had the largest market for building inspection services in 2022. This is due to the presence of a large number of construction projects in the region and the stringent government regulations related to building safety. The United States is the largest market in the region, followed by Canada and Mexico.

Europe had the second-largest market for building inspection services in 2022. The growth of the market in Europe is driven by the increasing urbanization, aging infrastructure, and government regulations related to building safety. Germany, the United Kingdom, and France are the leading markets in the region.

Asia Pacific had the third-largest market for building inspection services in 2022. The growth of the market in Asia Pacific is driven by rapid economic growth, urbanization, and increasing safety concerns. China, India, and Japan are the leading markets in the region.

Recent Developments

  • In February 2023, A2Z Building Inspection, a leading provider of building inspection services in the United States, raised USD 10 million in Series A funding led by Insight Partners. The funding will be used to expand the company's operations and to develop new technologies for building inspection.
  • In March 2023, URS Corporation, a global engineering and consulting firm, acquired Building Science Corporation, a provider of building inspection and consulting services. The acquisition will strengthen URS's position in the building inspection market and expand its offerings to clients.
  • In April 2023, TUV SUD, a global testing, inspection, and certification company, acquired Intertek Building Inspection Services, a provider of building inspection services in the United States. The acquisition will expand TUV SUD's presence in the US building inspection market and strengthen its capabilities in the area of green building.
  • In May 2023, AECOM, a global engineering, consulting, and construction firm, acquired Encon Associates, a provider of building inspection and consulting services in the United States. The acquisition will strengthen AECOM's position in the building inspection market and expand its offerings to clients.
  • In June 2023, LTI Engineers, a provider of building inspection and consulting services in India, raised USD10 million in Series A funding led by Sequoia Capital India. The funding will be used to expand the company's operations and to develop new technologies for building inspection

Key Market Players

  • SGS S.A
  • Intertek Group plc
  • Bureau Veritas
  • A2Z Building Inspection
  • URS Corporation
  • TÜV SÜD Inspection services
  • DNV AS
  • RINA S.p.A
  • AECOM
  • Encon Associates Limited

By Service

By Application

By Sourcing Type

By Region

  • Home Inspection Services
  • Specific Element Inspection Services
  • Commercial Building Inspection Services
  • Others
  • Residential
  • Commercial
  • Others
  • In-House Services
  • Outsourced Services
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Building Inspection Services Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Building Inspection Services Market, By Service:

o   Home Inspection Services

o   Specific Element Inspection Services

o   Commercial Building Inspection Services

o   Others  

  • Building Inspection Services Market, By Application:

o   Residential

o   Commercial

o   Others  

  • Building Inspection Services Market, By Sourcing Type:

o   In-House Services

o   Outsourced Services  

  • Building Inspection Services Market, By Region:

o   North America

 United States

  Canada

  Mexico

o   Europe

  France

  United Kingdom

  Italy

  Germany

  Spain

o   Asia-Pacific

  China

  India

  Japan

  Australia

  South Korea

o   South America

  Brazil

  Argentina

  Colombia

o   Middle East & Africa

  South Africa

  Saudi Arabia

  UAE

  Kuwait

  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Building Inspection Services Market.

Available Customizations:

Global Building Inspection Services market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Building Inspection Services Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Voice of Customer

5.    Global Building Inspection Services Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Service (Home Inspection Services, Specific Element Inspection Services, Commercial Building Inspection Services, and Others)

5.2.2.    By Application (Residential, Commercial, and Others)

5.2.3.    By Sourcing Type (In-House Services and Outsourced Services)

5.2.4.    By Region

5.2.5.    By Company (2022)

5.3.  Market Map

6.    North America Building Inspection Services Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Service

6.2.2.    By Application

6.2.3.    By Sourcing Type

6.2.4.    By Country

6.3.  North America: Country Analysis

6.3.1.    United States Building Inspection Services Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Service

6.3.1.2.2.           By Application

6.3.1.2.3.           By Sourcing Type

6.3.2.    Canada Building Inspection Services Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Service

6.3.2.2.2.           By Application

6.3.2.2.3.           By Sourcing Type

6.3.3.    Mexico Building Inspection Services Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Service

6.3.3.2.2.           By Application

6.3.3.2.3.           By Sourcing Type

7.    Europe Building Inspection Services Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Service

7.2.2.    By Application

7.2.3.    By Sourcing Type

7.2.4.    By Country

7.3.  Europe: Country Analysis

7.3.1.    Germany Building Inspection Services Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Service

7.3.1.2.2.           By Application

7.3.1.2.3.           By Sourcing Type

7.3.2.    United Kingdom Building Inspection Services Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Service

7.3.2.2.2.           By Application

7.3.2.2.3.           By Sourcing Type

7.3.3.    Italy Building Inspection Services Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Service

7.3.3.2.2.           By Application

7.3.3.2.3.           By Sourcing Type

7.3.4.    France Building Inspection Services Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Service

7.3.4.2.2.           By Application

7.3.4.2.3.           By Sourcing Type

7.3.5.    Spain Building Inspection Services Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Service

7.3.5.2.2.           By Application

7.3.5.2.3.           By Sourcing Type

8.    Asia-Pacific Building Inspection Services Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Service

8.2.2.    By Application

8.2.3.    By Sourcing Type

8.2.4.    By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.    China Building Inspection Services Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Service

8.3.1.2.2.           By Application

8.3.1.2.3.           By Sourcing Type

8.3.2.    India Building Inspection Services Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Service

8.3.2.2.2.           By Application

8.3.2.2.3.           By Sourcing Type

8.3.3.    Japan Building Inspection Services Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Service

8.3.3.2.2.           By Application

8.3.3.2.3.           By Sourcing Type

8.3.4.    South Korea Building Inspection Services Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Service

8.3.4.2.2.           By Application

8.3.4.2.3.           By Sourcing Type

8.3.5.    Australia Building Inspection Services Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Service

8.3.5.2.2.           By Application

8.3.5.2.3.           By Sourcing Type

9.    South America Building Inspection Services Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Service

9.2.2.    By Application

9.2.3.    By Sourcing Type

9.2.4.    By Country

9.3.  South America: Country Analysis

9.3.1.    Brazil Building Inspection Services Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Service

9.3.1.2.2.           By Application

9.3.1.2.3.           By Sourcing Type

9.3.2.    Argentina Building Inspection Services Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Service

9.3.2.2.2.           By Application

9.3.2.2.3.           By Sourcing Type

9.3.3.    Colombia Building Inspection Services Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Service

9.3.3.2.2.           By Application

9.3.3.2.3.           By Sourcing Type

10. Middle East and Africa Building Inspection Services Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Service

10.2.2. By Application

10.2.3. By Sourcing Type

10.2.4. By Country

10.3.             MEA: Country Analysis

10.3.1. South Africa Building Inspection Services Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Service

10.3.1.2.2.         By Application

10.3.1.2.3.         By Sourcing Type

10.3.2. Saudi Arabia Building Inspection Services Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Service

10.3.2.2.2.         By Application

10.3.2.2.3.         By Sourcing Type

10.3.3. UAE Building Inspection Services Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Service

10.3.3.2.2.         By Application

10.3.3.2.3.         By Sourcing Type

10.3.4. Kuwait Building Inspection Services Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Service

10.3.4.2.2.         By Application

10.3.4.2.3.         By Sourcing Type

10.3.5. Turkey Building Inspection Services Market Outlook

10.3.5.1.     Market Size & Forecast

10.3.5.1.1.         By Value

10.3.5.2.     Market Share & Forecast

10.3.5.2.1.         By Service

10.3.5.2.2.         By Application

10.3.5.2.3.         By Sourcing Type

11. Market Dynamics

12. Market Trends & Developments

13. Competitive Landscape

13.1.   SGS S.A

13.2.   Intertek Group plc

13.3.   Bureau Veritas

13.4.   A2Z Building Inspection

13.5.   URS Corporation

13.6.   TÜV SÜD Inspection services

13.7.   DNV AS

13.8.   RINA S.p.A

13.9.   AECOM

13.10.    Encon Associates Limited

14. Strategic Recommendations

15. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Building Inspection Services Market was USD 10.08 billion in 2022.

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The Home Inspection Services segment had the largest market share in 2022 & expected to maintain it in the forecast period. The residential real estate market typically experiences a higher volume of transactions compared to commercial or specialized properties. More people buy and sell homes than commercial buildings or specialized properties. Each residential transaction often involves a home inspection, making this segment larger in terms of sheer volume.

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The Outsourced Services segment had the largest market share in 2022 and is projected to experience rapid growth during the forecast period. Outsourcing building inspection services can often be more cost-effective for companies compared to maintaining an in-house inspection team. Outsourced providers may have specialized equipment and resources, which can reduce overall operational costs.

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Increasing safety concerns and technological advancements are the major drivers of the Global Building Inspection Services Market.

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Srishti Verma

Business Consultant
Press Release

Building Inspection Services Market to Grow with a CAGR of 12.19% through 2028

Sep, 2023

Increasing safety concerns and technological advancements are likely to drive the market in the forecast period.