Why Is Demand For Building Inspection Services High In The Japan | Report Fact.MR

The global building inspection services market has reached US$ 9.35 billion in 2022 and is forecasted to expand rapidly at 6.9% CAGR during the forecast years of 2022-2032, according to Fact.MR, a market research and competitive intelligence provider. Rapid growth in infrastructure development and the presence of strict government norms regarding building inspection and people's safety are major factors pushing market growth.

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Building inspection services ensure the safety of people through the structural analysis of a building. These include the analysis of potential challenges and safety concerns associated with buildings, along with elaborating the overall state of various parts of the infrastructure.

Key Takeaways from Market Study

• The global market for building inspection services is projected to evolve at a CAGR of 6.9% and reach US$ 18.2 billion by 2032.
• The market witnessed growth at 3.8% CAGR from 2017 to 2021.
• Under the service segment, residential inspection services dominate with 50% of market share.
• North America was the leading regional market with 41% share in 2021.
• Demand for building inspection services is expected to increase at CAGRs of 6.9% and 7.9%, respectively, in Europe and East Asia.

"Integration of technology by market players will shape the future of building inspection services," says a Fact.MR analyst.

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Major Key Players of Building Inspection Services Industry

• A Buyer's Choice Home Inspections
• Allied Building Inspection Services
• Amerispec Inspection Services
• BPG
• BrickKicker
• Building Inspection Service, Inc.
• Elite Group Inspections
• HM Services, LLC
• Hometeam Inspection Service
• Landmark Inspections
• National Property Inspections, Inc
• Next Day Inspect
• Pillar To Post
• US Inspect Group, Inc.
• Water Intelligence
• World Inspection Network International LLC
• The Real Estate Inspection Company

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Market Development

The business environment in the building inspection services market is expected to be highly competitive with the presence of several new and established organizations. To gain a well-grounded hold in the market, prominent service providers are employing organic and inorganic strategies, such as the acquisition of Applus+ by SAFCO Group in 2020.

Using advanced technologies such as drones, market players are focusing on the reduction of excessive costs incurred in traditional building inspection services. The market is benefiting with advancements in technology. Drones and other robotic solutions have been integrated with building inspection services to enhance the overall efficiency of building inspectors and facilitate the gaining of extensive knowledge about infrastructure.

Segmentation of Building Inspection Services Industry Research

• By Service :

o Residential Inspection
 Pre-Listing Inspection
 Builder's Warranty Inspection
 New Construction Inspection
 Pre-Closing Inspection

o Commercial Inspection

 Commercial Draw Inspections
 Retail or Office Space Inspection
 Special Purpose Facilities (Gym, Theatres, Hospitals) Inspection
 Others (not covered elsewhere)

o Specialty Inspection

 Sewer and Septic System Inspection
 Roof Inspection
 Lawn Irrigation Inspection
 Property Preservation Inspection
 Yearly maintenance Inspection
 Others (not covered elsewhere)

• By Region :

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o Middle East & Africa

Table of Content

Executive Summary - Global Building Inspection Services Market

Market Overview
• Market Definition and Introduction
• Market Taxonomy/ Research Scope

Market Characteristic - Bird Eye View
• Number of Active Enterprises by Key Countries
• Number of People Employed
• Average Operating Margin
• Average Revenue Per Employee
• Consistency in Demand

Country-level Building Inspection Services Market Analysis and Forecast

• Us Building Inspection Services Market Analysis
• Canada Building Inspection Services Market Analysis
• Mexico Building Inspection Services Market Analysis
• Germany Building Inspection Services Market Analysis
• France Building Inspection Services Market Analysis
• Italy Building Inspection Services Market Analysis
• BENELUX Building Inspection Services Market Analysis
• U.K. Building Inspection Services Market Analysis
• Japan Building Inspection Services Market Analysis
• South Korea Building Inspection Services Market Analysis

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