Real Estate Appraisal Market Analysis | 2021-2026

Real Estate Appraisal Market Analysis | 2021-2026

Real Estate Appraisal Market Analysis | 2021-2026
Report code - SRCG286 Delivery - 2 Weeks
Real Estate Appraisal Market Size, Share, Trends, Forecast & Industry Analysis: 2021-2 See more...

Market Insights

The Real Estate Appraisal Market is expected to grow at a healthy CAGR during the forecast period. The U.S. Real Estate Appraisal Market was valued at USD 7.6 billion in 2020.

What is Real Estate Appraisal?

Real estate appraisal is the process of determining the monetary value of a property, typically for buying, selling, or financing purposes. Appraisers assess various factors such as location, size, condition, and comparable property values to provide an unbiased estimate of a property's market value. This valuation is crucial for ensuring fair transactions, securing loans, and making informed real estate decisions. Appraisals are conducted by licensed professionals who follow standardized methods to produce accurate and objective assessments, helping buyers, sellers, lenders, and investors make informed decisions in the dynamic real estate market.

Market Dynamics

The housing sector is flourishing in both developed and developing countries across the globe.

  • The rising trend of residential societies in developing economies to provide shelter to the ever-growing population is the key driver.

  • Also, substantial growth in the commercial building sector such as hotels, resorts, and related hospitality buildings further propels the demand for real estate appraisal services.

  • However, the valuation of the house at a lower cost than the actual market size can pose a loss to the consumer, resulting in trust challenges, and thus affecting the market growth.

COVID-19 Impact

The companies are rearranging their operations and recovering from the unprecedented COVID-19 impact, which earlier led to restrictive containment measures involving remote working, social distancing, and the closure of commercial activities that led to operational challenges, affecting the market growth. The pandemic has severely hit both residential and non-residential construction markets, thus negatively influencing the real estate appraisal market.

Segments Analysis

Type Trends

The global real estate appraisal market has been categorized into residential, commercial, and industrial.

  • The residential segment garnered the largest share and is projected to register a healthy CAGR by the end of 2026.

  • This is mainly attributed to increasing purchasing power, the rising construction of housing complexes in urban cities, as well as the formation of nuclear families.

  • The consumer demand for real estate appraisal services is increasing as the market is facing fluctuations and these services can enable the right valuation of the property.

Regional Trends

Asia-Pacific witnessed the largest market share.

  • This is mainly attributed to the booming construction activities in the developing economies of China, India, and the South Asian countries Hong Kong, Singapore, and Indonesia among others.

  • Moreover, increasing standards of living, as well as growth in nuclear families, results in the sales of old apartments to shift to new houses, thus driving the market growth in the region.

Want to know which region offers the best growth opportunities? Register Here

Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. 

The following are the key players in the real estate appraisal market (arranged alphabetically).

  • CBRE (The U.S.),
  • Clarocity (The U.S.), and
  • CoreLogic, Inc. (The U.S.),
  • Flatworld Solutions Pvt. Ltd. (India). 
  • JP Morgan Chase & Co. (The U.S.),
  • Real Matters, Inc. (Canada),
  • The Accurate Group (The U.S.),
  • Wells Fargo & Company (The U.S.),

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth Analysis of the Real Estate Appraisal Market 

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Target Audience

The following is a list of the customers that the Real Estate Appraisals Market aims to convert the most:

  • Real estate appraisal companies
  • Real estate companies
  • Real estate agencies
  • Construction companies
  • Housing Societies

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. 

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to 3 players).
  • SWOT analysis of key players (up to 3 players).

Market Segmentation

  • Current market segmentation of any one of the product types by application type.  

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

Real estate appraisal is the process of determining the monetary value of a property, typically for buying, selling, or financing purposes. Appraisers assess various factors such as location, size, condition, and comparable property values to provide an unbiased estimate of a property's market value. This valuation is crucial for ensuring fair transactions, securing loans, and making informed real estate decisions.

The U.S. Real Estate Appraisal Market was valued at USD 7.6 billion in 2020.

CoreLogic, Inc. (The U.S.), Real Matters, Inc. (Canada), Wells Fargo & Company (The U.S.), JP Morgan Chase & Co. (The U.S.), CBRE (The U.S.), The Accurate Group (The U.S.), Clarocity (The U.S.), and Flatworld Solutions Pvt. Ltd. (India) are among the key players in the real estate appraisal market.

Asia-Pacific region is expected to be dominant in the Real Estate Appraisal Market.

The residential segment is expected to register healthy growth in the real estate appraisal market over the next five years.

Booming construction activities in the developing economies of China, India, and South Asian countries of Hong Kong, Singapore, and Indonesia among others, and increasing standards of living are among the factors driving the growth of the real estate appraisal market in the Asia-Pacific region.