Overview

Closer inspection: The housing market recovery will lift the industry out of its slump

IBISWorld’s Building Inspectors market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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
11-16
4.4%
Annual Growth
16-21
Profit
Employment
36,989
Business
24,209

Industry Threats & Opportunities

  • Industry demand will improve, as investment in residential and commercial buildings rises
  • The industry has begun to recover in line with the housing market
  • Profit will only slightly improve as competition rises

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    Industry Analysis & Industry Trends

    Demand for building inspection services will get a boost from the economic recovery over the next five years. While the weak housing market has hit industry businesses hard, the revival of housing starts and rising number of existing home sales will contribute to growth. Mortgage lending rates will continue to remain tight and hamper revenue; however, the industry is poised for a recovery...

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    Industry Report - Industry Investment Chapter

    In 2016, operators in the Building Inspector industry are expected to spend about $0.08 in capital investment for every $1.00 spent on wages, indicating a low level of capital intensity. Given the industry's service-based nature, labor makes up the majority of expenses. This is especially true for nonemployers, who make up the majority of enterprises. In such companies, the inspector pockets all the revenue minus the cost of doing business, thus there is a huge labor expense.

    The bulk of work is visual, although inspectors may use equipment such as tape measures, surveying instruments, electrical metering devices and concrete strength testing equipment to complete various stages of an inspection. Cam..

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    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..

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    Look under the hood?

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    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
  • Passing Inspection: Industry demand grows
  • 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
    ProfitWagesPurchases and depreciationMarketingOther
  • 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Existing home sales (2007-2021)

  • 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 in order 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.

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