Real Estate Appraisal Market: By Appraisal Method (Mass Appraisal and Automated Valuation Models (AVMs) and Computer-assisted Mass Appraisal), By Type (Cost Approach, Sales Comparison Approach, and Income Capitalization Approach), and Geography  

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Real Estate Appraisal Market was valued at USD 8,851.6 million in 2022 and is expected to grow at a 4.0% CAGR from 2023 to 2029. The real estate appraisal is a process of developing an opinion of value for real property usually known as market value. The real estate transactions require frequent appraisals because they occur infrequently and due to the uniqueness of every property. The increasing demand for real estate properties for residential, commercial, and industrial purpose is expected to drive the growth of real estate appraisal market over the forecast period. In addition, the government regulations mandating the appraisal of real estate properties before sale or purchase is expected to boost the growth of real estate appraisal market at a significant rate over the forecast period. Furthermore, the advent of advanced technology such as big data analytics, artificial intelligence, machine learning is anticipated to increase the accuracy and efficiency of real estate appraisals which is expected to have a positive impact on real estate appraisal market growth. Additionally, the increasing construction activities in developing countries such as India and China are expected to aid the growth of real estate appraisal market in Asia Pacific region over the forecast period. However, factors like economic uncertainty such as recession, inflation, and fluctuation in interest rates, lack of skilled professionals, strict government regulations are anticipated to hold back and hinder the growth of real estate appraisal market over the forecast period. Moreover, the integration of advanced technologies such as blockchain and virtual reality, along with increasing focus on sustainable and green buildings are expected to open up tremendous opportunities for market players in the growth of real estate appraisal market over the forecast period.  


Real Estate Appraisal Market Key
Developments:
  • In October 2022, BBG, announced their acquisition of VSI Appraisal Group, a Columbus, Ohio based appraisal firm.
  • In October 2022, Credit Bureau Co Ltd. Announced their partnership with the VTrust Appraisal Co Ltd and this partnership led to the launch of Innovative digital real estate appraisal platform.

Real Estate Appraisal Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

4%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Real Estate Appraisal Market Dynamics

The growing home prices provide an incentive for residential investment is the major factor creating huge demand for real estate appraisers. An appraisal is a document that establishes an opinion of value for a property. Appraisals can be performed for a variety of reasons, although the most common reason is to help a lender establish the value of the collateral that is associated with a mortgage loan. In the US, most mortgage transactions require an appraisal, which needs to be performed by a certified appraiser. However, the increased regulations coupled with low technology penetration in the industry are anticipated to hamper the growth of the market.

Real Estate Appraisal Market Segmentation

By Product Type
  • Mass Appraisal and Automated Valuation Models (AVMs)
  • Computer-assisted Mass Appraisal
By Platform
  • Cost Approach
  • Sales Comparison Approach
  • Income Capitalization Approach

Frequently Asked Questions

The real estate appraisal market was valued at USD 8,851.6 million in 2022

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

CoreLogic, Inc., JP Morgan Chase & Co., Real Matters, Inc., Wells Fargo & Company

Key Features of the Reports

  • The real estate appraisal market report provides granular level information about the market size, regional market share, historic market (2018-2022), and forecast (2023-2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1.Executive Summary
2.Global Real Estate Appraisal Market Introduction 
2.1.Global Real Estate Appraisal Market  - Taxonomy
2.2.Global Real Estate Appraisal Market  - Definitions
2.2.1.Product Type
2.2.2.Platform
2.2.3.Region
3.Global Real Estate Appraisal Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Real Estate Appraisal Market Analysis, 2018 - 2022 and Forecast 2023 - 2029
4.1.  Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Real Estate Appraisal Market  By Product Type, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
5.1. Mass Appraisal and Automated Valuation Models (AVMs)
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Computer-assisted Mass Appraisal
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
6.Global Real Estate Appraisal Market  By Platform, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
6.1. Cost Approach
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Sales Comparison Approach
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Income Capitalization Approach
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Real Estate Appraisal Market  By Region, 2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Real Estate Appraisal Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Mass Appraisal and Automated Valuation Models (AVMs)
8.1.2.Computer-assisted Mass Appraisal
8.2.  Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Cost Approach
8.2.2.Sales Comparison Approach
8.2.3.Income Capitalization Approach
8.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Real Estate Appraisal Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
9.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Mass Appraisal and Automated Valuation Models (AVMs)
9.1.2.Computer-assisted Mass Appraisal
9.2.  Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Cost Approach
9.2.2.Sales Comparison Approach
9.2.3.Income Capitalization Approach
9.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
9.3.7.
10.Asia Pacific (APAC) Real Estate Appraisal Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Mass Appraisal and Automated Valuation Models (AVMs)
10.1.2.Computer-assisted Mass Appraisal
10.2.  Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Cost Approach
10.2.2.Sales Comparison Approach
10.2.3.Income Capitalization Approach
10.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Real Estate Appraisal Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Mass Appraisal and Automated Valuation Models (AVMs)
11.1.2.Computer-assisted Mass Appraisal
11.2.  Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Cost Approach
11.2.2.Sales Comparison Approach
11.2.3.Income Capitalization Approach
11.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Real Estate Appraisal Market ,2018 - 2022 and Forecast 2023 - 2029 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Mass Appraisal and Automated Valuation Models (AVMs)
12.1.2.Computer-assisted Mass Appraisal
12.2.  Platform Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Cost Approach
12.2.2.Sales Comparison Approach
12.2.3.Income Capitalization Approach
12.3.  Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.CoreLogic, Inc.
13.2.2.JP Morgan Chase & Co.
13.2.3.Real Matters, Inc.
13.2.4.Wells Fargo & Company
14. Research Methodology 
15. Appendix and Abbreviations 
  • CoreLogic, Inc.
  • JP Morgan Chase & Co.
  • Real Matters, Inc.
  • Wells Fargo & Company

Adjacent Markets