Market Size of Building Inspection Services Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 10.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Building Inspection Services Market Analysis
The Global building inspection services market is expected to grow at a CAGR of over 10% during the forecast period of 2022-2027.
Regarding the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pandemic has also intensified the already existing labor shortage problem for the building inspection services market since finding labor for conducting building inspections is difficult, particularly with specific skills.
The companies started rearranging their operations as a part of recovering from the impact caused by the pandemic, and this has led to growth. Companies started adapting to the latest technologies such as drones, etc to mitigate the safety issues. Companies and governments are developing and employing drones for building inspections.
Rising urbanization around the world is expected to drive the building inspection services market. Increase in number of individuals moving to urban areas for employment, better lifestyles, and opportunities led to an expansion in urban areas. According to the United Nations Department of Economic and Social Affairs, about 4.4 billion people live in urban areas in 2020 and is projected to rise to 6.7 billion by 2050.
