Real Estate Appraisal in the US - Industry Market Research Report

Real Estate Appraisal in the US - Industry Market Research Report

  • October 2020 •
  • 48 pages •
  • Report ID: 168028 •
  • Format: PDF
For sale: Renewed real estate activity is expected to spur demand for appraisal services


Real Estate Appraisal in the US

The Real Estate Appraisal industry exhibits a low level of market share concentration, with even the largest player, CBRE Group Inc., accounting for relatively a small share of industry revenue. Further, other industry players operate as subdivisions of large multinational property brokerage and global real estate companies.

Consolidation follows the financial crisis

In the wake of the financial crisis, the industry experienced heavy consolidation as larger players that maintained access to credit engaged in strategic acquisitions to expand operations. Further, as the real estate market matured after the housing bubble, industry operators engaged in significant cost cutting measures to counteract falling demand. However, more recent recovery in the real estate market has tapered consolidation activities.

Clients focus on price and quality for industry services
Operators within the Real Estate Appraisal industry compete on many different fronts, but none more so than price. High market fragmentation means industry operators compete mostly at the regional level. Thus, industry players that unnecessarily charge higher prices for industry services risk losing clients to lower-cost competitors. Further, quality represents another competitive dimension important to the industry, where companies that can employ appraisers more qualified to value a larger variety of asset classes are likely to capture additional revenue from a more expansive customer base.

Operators in this industry specialize in estimating the fair market value of real estate. Appraisers research a property or development to determine the characteristics pertinent to its market value. Valuations for a property are carried out when it is sold, mortgaged, taxed, insured or developed.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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