Overview

Burnin' down the house: Increasing real estate transactions will drive demand for industry services

IBISWorld’s industry research report on Building Inspectors contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth
12-17
4.6%
Annual Growth
17-22
Profit
Employment
38,489
Business
24,581

Industry Threats & Opportunities

  • A growing number of building inspectors is expected to cause an increase in competition and hinder profit growth
  • Most of the operators in the industry are nonemployers or operate with less than four employees
  • Rising income levels and lower unemployment rates will enable more people to purchase homes
  • Industry Analysis & Industry Trends

    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.

    Industry Report - Industry SWOT Analysis Chapter

    The Building Inspectors industry is in the mature phase of the industry life cycle. Industry value added (IVA), which is defined as the industry's contribution to the economy, is forecast to grow at an annualized rate of 2.2% over the ten years to 2022. The US GDP is forecast to increase at an annualized rate of 2.0% over the same period. In general, because the industry is completely reliant on the real estate market, its life cycle stage changes depending on market conditions. If real estate is experiencing a boom, industry IVA will be higher than economic growth.

    The nature of this business makes it difficult for players to go national unless they are a franchise. As a result, building inspectors compete in a highly fragmented market. Low

    Additional Insights for the Building Inspectors Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Building Inspectors Industry are

  • Having a good technical knowledge of inspection processes
  • Ability to attract local support/patronage
  • Ability to franchise operations
  • IBISWorld analysts also discuss how external factors such as Housing starts and Value of private nonresidential construction in the Building Inspectors industry impact industry performance..

    shopping_cartVIEW PURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Building Inspectors Industry?

    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.

    Industry Products
    Home inspection services
    Commercial building inspection services
    Specific element inspection services
    New home construction inspection services
    Industry Activities
    Inspecting and reporting on the structural attributes of a building
    Reporting on and evaluating the component systems of a building (electrical, fire, roofing and plumbing)
    Assessing compliance with building, electrical, plumbing and fire codes
    Evaluating building plans and permits
    Studying and assessing the soil composition and attributes of where the building is located
    Reviewing and approving plans that meet building codes, local ordinances and zoning regulations
    Issuing violation notices and stop-work orders until building in violation is compliant
    Keeping daily logs, including photographs taken during inspection

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Housing starts
  • Value of private nonresidential construction
  • Existing home sales
  • Government consumption and investment
  • year conventional mortgage rate

  • Current Performance
  • Industry demand grows
  • Slight decrease in profit
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Steady growth
  • Competition and profit
  • Table: Building Inspectors Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Building Inspectors Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Construction
  • Commercial Leasing
  • Real Estate Appraisal
  • Professional, Scientific and Technical Services
  • Administration of Government Programs

  • Key Selling Industries
  • Camera Stores
  • Computer & Packaged Software Wholesaling
  • Direct Mail Advertising
  • Finance and Insurance

  • Products & Services
  • Home inspection services
  • Specific element inspection services
  • Other
  • Commercial building inspection services
  • New home construction inspection services
  • Chart: Building Inspectors Industry Products and Services Segmentation

  • Demand Determinants
  • Existing home transactions
  • The construction market
  • Repair and reconstruction demand

  • Major Markets
  • Commercial and other markets
  • Home buyers and sellers
  • The government
  • Contractors
  • Chart: Major Market Segmentation for the Building Inspectors Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and depreciation
  • Marketing
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Building Inspectors

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Building Inspectors Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Building Inspectors Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Building Inspectors Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Existing home sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    House Price Index
  • Captures trends in the national housing market. It adjusts for the quality, size and location of homes to keep prices comparable across areas and in the long term.
  • Housing Starts
  • The number of new homes under construction.
  • Radon
  • A colorless, odorless and tasteless radioactive gas formed during the natural breakdown of uranium in soil, rock and water. It exits the ground and seeps into homes through cracks in the foundation.
  • Specific Element Inspection
  • An inspection of a particular system within a building. For example, the building's roof or electrical system.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Building Inspectors:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Building Inspectors market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Building Inspectors, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear