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Conveyancing Services in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Conveyancing Services Market Research Report | NAICS 54119 | Jan 2017

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

IBISWorld’s Conveyancing Services 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
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
4.4%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
107,085
Businesses
36,865
Industry Threats & Opportunities
  • Real estate conditions are expected to improve significantly for industry operators
  • Stronger nonresidential construction has helped offset recent residential difficulties
  • Strong growth in home sales and starts will cause industry revenue to increase
  • ... purchase to read more

Industry Analysis & Industry Trends

The Conveyancing Services industry has suffered tremendously due to the credit crisis. The rapid decline of the housing market during the recession caused industry revenue to fall dramatically through to 2011. The industry returned to growth in 2012 and is expected to consistently grow over the next five years, following a dip in 2014, as higher volumes of existing home sales and rising housing starts boost industry performance. In the five years to 2020, the continued recovery of the US real estate property market will be the key driving factor for revenue growth. Furthermore, the house price index is expected to rise and add further value to sales in the real estate market... ... purchase to read more

Industry Report - Industry Products Chapter

Operators in the Conveyancing Services industry provide a variety of conveyancing and settlement services to private businesses and individuals. In 2016, these title, abstract and settlement services are estimated to account for 67.7% of total industry revenue, while the remaining 32.3% of industry revenue is derived from various legal services, such as document filing and appraisal services.

Conveyancing and title abstract services

IBISWorld estimates that 43.6% of total industry revenue is derived from conveyancing and title abstract activities. Conveyancing is the term for the legal processes that are involved in the transfer of property or real estate from one party to another. Dur.. ... 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... purchase to read more

     


    Industry ProductsRelated Reports

    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
    Conveyancing and title abstract servicesSettlement and closing servicesTitle search and other document filing servicesPatent copyright and other intellectual property document servicesProcess servicesOther legal services
     
    Industry Activities
    Real estate settlement servicesReal estate title abstract servicesReal estate title search services Title search companies, real estate Paralegal servicesPatent agent services (i.e., patent filing and searching services) Process server services


    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
  • 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
  • Products & Markets
    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
  • Conveyancing and title abstract services
  • Settlement and closing services
  • Title search and other document filing services
  • Other legal services
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    Major Companies
    Fidelity National Financial, Inc.
    First American Financial Corporation
    Stewart Information Services Corporation
  • Table: Fidelity National Financial, Inc. - financial performance
  • Table: First American Financial Corporation - financial performance
  • Table: Stewart Information Services Corporation - financial performance
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Conveyancing Services Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Existing House Sales (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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 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 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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