$5.1bn
$XXX.Xm
46,077
30,251
$X.Xbn
The Building Inspectors industry evaluates a building's structure and component systems, workmanship and compliance with building standards and zoning laws. One of the industry's most significant revenue streams comes from homebuyers and sellers that hire inspectors to ensure the integrity of the house and that all regulations are met before sale. Other major markets include commercial building buyers, government agencies and parties involved in building construction. The industry benefited from a long period of low interest rates, with consumers encouraged to invest in large-item purchases, such as homes. These positive economic trends have enabled revenue to grow at a CAGR of 3.3% to an estimated $6.0 billion over the past five years.
Industry revenue has declined at a CAGR of 0.2 % over the past five years, to reach an estimated $5.1bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
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There are no companies that hold a large enough market share in the Building Inspectors in the US industry for IBISWorld to include in this product.
Building Inspectors in the US
Industry revenue is measured across several distinct product and services lines, including Home inspection services, Commercial building inspection services and Specific element inspection services. Home inspection services is the largest segment of the Building Inspectors in the US.
Decline in existing home sales dampens demand for home inspection services
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 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.
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NAICS 54135 - Building Inspectors in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High interest rates continue to influence demand for building inspection services. If acquiring a home becomes too expensive for consumers, it will dampen housing activity an...
Learn about an industry's products and services, markets and trends in international trade.
Rising inflationary pressures negatively affect private building inspection demand. As consumers' purchasing power declines, they will be less inclined to acquire a home and ...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Expansive population presence strengthens building inspection demand. In regions with larger populations, there will be a larger availability of buildings, creating a wide ar...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Maintaining competitive pricing helps smaller inspectors stand out. Since the industry is fragmented and lacks a centralized market presence, smaller inspectors must implemen...
Learn about the performance of the top companies in the industry.
The Building Inspectors industry has no major companies. Since the industry is localized and highly fragmented due to a large presence of nonemployers, no company can capture...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Gauging the housing market is crucial for industry demand. If housing starts and existing home sales grow in frequency, there will be more demand for building inspector servi...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Dependence on stable economic conditions will influence industry profit. As economic conditions improve and demand for housing grows, the industry will grow in profitability.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Building Inspectors in the US industry in United States is $5.1bn in 2024.
There are 30,251 businesses in the Building Inspectors in the US industry in United States, which has grown at a CAGR of 2.3 % between 2019 and 2024.
The market size of the Building Inspectors in the US industry in United States has been declining at a CAGR of 0.2 % between 2019 and 2024.
Over the next five years, the Building Inspectors in the US industry in United States is expected to decline.
Home Inspection Services and Specific Element Inspection Services (electrical, fire, roofing and plumbing) are part of the Building Inspectors in the US industry.
The level of competition is moderate and increasing in the Building Inspectors in the US industry in United States.