Good title: The housing market's revival will stimulate industry growth

Over the five years to 2017, the Conveyancing Services industry, while still experiencing the sting of the housing market collapse, has recovered substantially. Increases in the number of housing starts and existing home sales, coupled with overall growth in nonresidential construction, have sparked demand for industry services. However, rising home prices and fluctuating mortgage rates continue to threaten industry growth. Moving forward, continued growth in home prices, coupled with a projected increase in the 30-year conventional mortgage rate, will dampen industry growth...read more.

Industry Statistics & Market Size
Revenue
$17bn
Annual Growth 12-17
3.1%
Forecast Growth 17-22
Profit
Employment
107,795
Businesses
36,325
What Our Customers Say

Industry Threats & Opportunities

  • Industry growth has been constrained in recent years by a consistent increase in the price of homes
  • The industry’s four largest players primarily engage in property and direct insurance activities
  • Revenue growth is expected to be relatively modest as the recovery of the housing market slows
  • Industry Report - Industry SWOT Analysis Chapter

    The Conveyancing Services industry is in the mature stage of its life cycle. While the industry has grown at a faster rate than the overall economy over the past five years, this substantial growth is largely a function of a low base caused by the subprime mortgage crisis rather than a long-term trend. In fact, over the 10 years to 2022, the industry's contribution to the overall economy, as measured by industry value added (IVA), is expected to increase at an annualized rate of 1.6%, while US GDP is projected to increase at an annualized rate of 2.0% during the same period. The similarity between these growth rates is a reflection of the industry's mature status...purchase to read more.

    Additional Insights for the Conveyancing Services Industry

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

  • Ensuring pricing policy is appropriate
  • Must comply with government regulations
  • Receiving the benefit of word of mouth recommendations
  • IBISWorld analysts also discuss how external factors such as Existing home sales and Value of private nonresidential construction in the Conveyancing Services industry impact industry performance..

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    What is the Conveyancing Services Industry?

    This industry is composed of companies and legal practitioners that provide conveyancing services to individuals and corporate clients. Conveyancing, which is the process of transferring ownership of land or property from one person or entity to another, requires specialists to advise parties, prepare documentation and conduct the settlement process. Other industry offerings include arbitration services, expert witness services and assistance with intellectual property claims.

    Industry Products
  • Title, abstract and settlement services
  • Title search and other document filing services
  • Patent copyright and other intellectual property document services
  • Process services
  • Industry Activities
  • Real estate settlement services
  • Real estate title abstract services
  • Real estate title search services
  • Title search companies, real estate
  • Paralegal services
  • Patent agent services (i.e., patent filing and searching services)
  • Process server services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Existing home sales
  • Value of private nonresidential construction
  • year conventional mortgage rate
  • Housing starts
  • House price index

  • Current Performance
  • Surging real estate activity
  • Industry landscape
  • Volatile participation
  • Chart: Revenue Growth

  • Industry Outlook
  • Housing market recovery
  • Rising demand from businesses
  • Growing industry participation
  • Table: Conveyancing Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Conveyancing Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Real Estate Sales & Brokerage
  • Consumers

  • Key Selling Industries
  • Apartment & Condominium Construction
  • Commercial Building Construction
  • Home Builders
  • Industrial Building Construction
  • Municipal Building Construction

  • Products & Services
  • Title, abstract and settlement services
  • Title search and other document filing services
  • Other
  • Process services
  • Patent copyright and other intellectual property document services
  • Chart: Conveyancing Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Businesses
  • Individuals
  • Government and nonprofit organizations
  • Chart: Major Market Segmentation for the Conveyancing Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesPurchasesDepreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Conveyancing Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Conveyancing Services Industry

  • Industry Globalization
    Fidelity National Financial Inc.First American Financial CorporationStewart Information Services Corporation
  • Table: Fidelity National Financial Inc. - financial performance
  • Table: First American Financial Corporation - financial performance
  • Table: Stewart Information Services Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Conveyancing Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Conveyancing Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Existing House Sales (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Closing
  • The final stages in the transfer of property.
  • Conveyancing
  • The act or business of transferring land or property from one party to another.
  • Housing Starts
  • The number of new homes under construction.
  • Why buy this report?

    IBISWorld’s industry research report on Conveyancing Services provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Conveyancing Services:
    • 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 Conveyancing Services 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 Conveyancing Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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