Global Building Inspection Services Market Report 2021 – Drones Enable Safer, Faster, and Cost-Effective Building Inspections
the “Global Building Inspection Services Market Report 2021: Impact of COVID-19 and Recovery to 2030” report was added to ResearchAndMarkets.com offer.
What is the largest and fastest growing market for home inspection services? How does the market relate to the overall economy, demographics and other similar markets? What forces will shape the market in the future? The global Building Inspection Services Market report answers all these questions and many more.
The major players in the building inspection services market are AmeriSpec Inspection Services, HouseMaster Home Inspections, National Property Inspections, Pillar to Post Home Inspectors, and WIN Home Inspections.
The global building inspection services market is expected to grow from $ 9.3 billion in 2020 to $ 10.7 billion in 2021 at a compound annual growth rate (CAGR) of 15.1%.
The growth is mainly due to companies reorganizing their operations and recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities which resulted in operational challenges.
The market is expected to reach $ 14.33 billion in 2025 at a CAGR of 7.6%.
The building inspection services market comprises the sales of building inspection services by entities (organizations, sole proprietorships and partnerships) that assess all aspects of building structure and component systems and prepare a report on the physical condition of the property, usually for buyers or others involved in real estate transactions.
Businesses and governments are developing and using drones for building inspections. Drones, also known as unmanned aerial vehicles (UAVs) or unmanned aircraft systems (UAS), are flying robots that can be controlled remotely or independently via software-controlled flight plans in its on-board systems, working in conjunction with on-board sensors and GPS systems. .
Drones make building inspections safer, faster and more economical. In October 2020, the Singaporean acoustic analysis and technology company H3 Zoom. AI began using drones for building inspection and facility management after realizing that the city’s very urban environment was delaying disruption of digital technology.
Additionally, in September 2020, the New York City Council passed a bill to explore the use of drones for building facade inspections. In 2018, the municipality of Abu Dhabi launched drone tests for the surveillance and inspection of construction sites.
Growing urbanization around the world is expected to boost the building inspection services market. The increase in the number of people moving to urban areas for jobs, better lifestyles and opportunities has led to an expansion in urban areas. According to the United Nations Department of Economic and Social Affairs, an estimated 4.4 billion people live in urban areas in 2020 and are expected to grow to 6.7 billion by 2050.
Urbanization has increased the availability of affordable housing, infrastructure and essential services. As infrastructure grows, laws and statutes are needed to determine building safety in order to prevent hazards and provide the public with safe buildings that building inspection services can help. Thus, increasing urbanization is a major factor contributing to the growth in demand for home inspection services.
The labor shortage is expected to hamper the home inspection services market. Finding labor to perform building inspections is difficult, especially with specific skills.
Main topics covered:
2. Characteristics of the building inspection services market
3. Building Inspection Services Market Trends and Strategies
4. Impact of COVID-19 on building inspection services
5. Market size and growth for building inspection services
5.1. Global Historical Building Inspection Services Market, 2015-2020, in USD Billion
5.1.1. Market drivers
5.1.2. Market constraints
5.2. Global Building Inspection Services Forecast Market, 2020-2025F, 2030F, in USD Billion
5.2.1. Market drivers
5.2.2. Market constraints
6. Market segmentation of building inspection services
6.1. Global Building Inspection Services Market, Service Segmentation, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
6.2. Global Building Inspection Services Market, Segmentation by Application, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
6.3. Global Building Inspection Services Market, Segmentation by Supply Type, History and Forecast, 2015-2020, 2020-2025F, 2030F, in USD Billion
7. Regional and Country Analysis of Building Inspection Services Market
7.1. Global building inspection services market, divided by region, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
7.2. Global building inspection services market, divided by country, historical and forecast, 2015-2020, 2020-2025F, 2030F, in USD billion
AmeriSpec Inspection Services
HouseMaster Home Inspections
National property inspections
Pillar to post home inspectors
WIN Home inspections
For more information on this report, visit https://www.researchandmarkets.com/r/yijhy6
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210604005301/en/
Laura Wood, Senior Press Director
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