Property Condition Assessment Market to Reach $5.32 Billion by 2029 with 9.2% CAGR

The Business Research Company

The Business Research Company's Property Condition Assessment Market to Reach $5.32 Billion by 2029 with 9.2% CAGR

It will grow to $5.32 billion in 2029 at a compound annual growth rate (CAGR) of 9.2%.”

— The Business Research Company

LONDON, GREATER LONDON, UNITED KINGDOM, September 9, 2025 /EINPresswire.com/ -- "Get 30% Off All Global Market Reports With Code ONLINE30 – Stay Ahead Of Trade Shifts, Macroeconomic Trends, And Industry Disruptors

What Is The Property Condition Assessment Market Size And Growth?
In the past few years, there has been a significant expansion in the size of the property condition assessment market. It is projected to surge from $3.41 billion in 2024 to $3.74 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.6%. The factors contributing to growth during the historic duration include compliance with regulations, an uptick in commercial real estate dealings, older infrastructure in urban regions, necessities related to insurance underwriting, and growing practices of investor due diligence.

In the coming years, the market size of property condition assessment is predicted to experience robust growth. The anticipated market increase is to $5.32 billion by the year 2029, at a compound annual growth rate (CAGR) of 9.2%. The factors contributing to this increased growth prediction for the forecast interval include rising demand for eco-friendly building certification, increasing occurrences of natural disasters, the implementation of predictive maintenance solutions, the growth of real estate investment trusts (REITs), and heightened demand from the data centre and logistics sectors. Key market trends for the projection period entail the utilization of drone-based inspections, the incorporation of artificial intelligence into assessment tools, the move towards digital reporting platforms, a growth in outsourced PCA services, and smart building integration.

Download a free sample of the property condition assessment market report:
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What Are The Current Leading Growth Drivers For Property Condition Assessment Market?
The propelling factor for the property condition assessment market's growth is anticipated to be the rise of the real estate sector. The real estate sector encompasses not only the development but also buying, selling and leasing of residential, commercial, and industrial properties. The vital reason for its growth is the escalating urbanization and population growth, which leads to a higher demand for residential, commercial, and infrastructural development with more people migrating to cities. This sector's growth amplifies the quantity of property transactions and developments, thereby necessitating more condition assessments to guarantee safety, adherence to regulations, and reliability of investment. For example, in June 2025, the U.S. Census Bureau stated that the seasonally adjusted estimate for new homes for sale at the end of May 2025 stood at 507,000. This corresponds to a 1.4 percent increase (±1.3 percent) from April 2025's estimate of 500,000 and a growth of 8.1 percent (±5.5 percent) when compared to the May 2024 estimate of 469,000. Consequently, it can be inferred that the real estate sector's expansion is fueling the growth of the property condition assessment market.

Which Companies Are Currently Leading In The Property Condition Assessment Market?
Major players in the Property Condition Assessment Global Market Report 2025 include:
• AECOM Technology Corporation
• Verisk Analytics Inc.
• GHD Group Pty Ltd
• Terracon Consultants Inc.
• Kiwa N.V.
• ECS Limited
• Woolpert Inc.
• J.S. Held LLC
• Partner Engineering and Science Inc.
• GZA GeoEnvironmental Inc.

What Are The Top Trends In The Property Condition Assessment Industry?
Leading firms in the property condition assessment market are looking to harness groundbreaking technologies, including AI-based solutions, to improve precision, efficiency, and forward-looking analyses in evaluating buildings. These AI-enabled solutions utilize artificial intelligence algorithms to scrutinize data, identify trends, and make guided decisions with little human interference, thus enabling the property condition assessment market to enhance the accuracy of inspections, minimize the duration of evaluations, and offer predictive knowledge for preventative maintenance and financial efficiency. As an example, in September 2023, Cape Analytics GmbH, a software company headquartered in Germany, unveiled an automated property condition report (aPCR) powered by AI, which delivers immediate, data-informed insights about property conditions using aerial photography and computer imaging. This aPCR employs machine learning and geospatial data to systematically assess outdoor property conditions, pinpointing features such as damage to the roof, swimming pools, solar panels, and closeness to sources of noise. This system increases the speed and precision of property reviews, facilitates preemptive maintenance planning, and decreases reliance on laborious human inspections, thereby expediting decision-making for lenders, investors, and professionals in the real estate industry.

How Is The Property Condition Assessment Market Segmented?
The property condition assessment market covered in this report is segmented –

1) By Component: Software, Services
2) By Property Type: Residential Properties, Commercial Properties, Industrial Properties, Institutional Properties, Mixed-Use Properties
3) By Assessment Type: Physical Assessment, Operational Assessment, Maintenance Assessment, Environmental Assessment, Financial Assessment
4) By Technology Utilized: Traditional Assessment Methods, Digital and Automated Assessment Tools, Mobile and Cloud-Based Applications, Drone Inspections, Building Information Modeling (BIM)
5) By End-Use Sector: Real Estate Investment, Property Management Firms, Insurance Companies, Banks and Financial Institutions, GovernmentEntities

Subsegments:

1) By Software: Cloud-Based Software, On-Premise Software, And Mobile Application Software
2) By Services: Inspection And Assessment Services, Reporting And Documentation Services, Consulting And Advisory Services, And Maintenance Planning Services

View the full property condition assessment market report:
https://www.thebusinessresearchcompany.com/report/property-condition-assessment-global-market-report

Which Is The Dominating Region For The Property Condition Assessment Market?
In the Property Condition Assessment Global Market Report 2025, North America was the dominating region in 2024. It is projected that the Asia-Pacific will experience the most rapid growth within the forecast period. The report features several regions, namely Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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