Real Estate Appraisal Market: By Appraisal Method and Computer-assisted Mass Appraisal), By Type, and Region Forecast 2020-2031
Real Estate Appraisal Market: By Appraisal Method and Computer-assisted Mass Appraisal), By Type, and Region Forecast 2020-2031
Real estate appraisal market size was valued at US$ 9.6 billion in 2024 and is expected to reach US$ 12.8 billion by 2031, growing at a significant CAGR of 4.2% from 2025-2031. 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.
Study Period
2025-2031Base Year
2024CAGR
4.2%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
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.
North America contributed highest revenue share followed by Europe and Asia Pacific in global real estate appraisal market. North America region is anticipated to decline with a significant CAGR over the forecast years owing to increasing regulations coupled with barriers to entry of ne players and restricted demand for appraisers in the region are the major factors restricting the market for North America and mainly in the United States. Asia Pacific market is anticipated to grow with significant CAGR over the forecast years.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 9.6 billion |
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Market Size in 2031 |
US$ 12.8 billion |
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Market CAGR |
4.2% |
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By Product Type |
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By Platform |
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By Region |
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The global real estate appraisal market size was valued at US$ 892.8 million in 2024 and is expected to reach US$ 1452.4 million by 2031, growing at a significant CAGR of 7.2% from 2025-2031.
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
| 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, 2020 - 2024 and Forecast 2025 - 2031 |
| 4.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 5.1. Mass Appraisal and Automated Valuation Models (AVMs) |
| 5.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 6.1. Cost Approach |
| 6.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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, 2020 - 2024 and Forecast, 2025 - 2031, (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 ,2020 - 2024 and Forecast 2025 - 2031 (Sales Value USD Million) |
| 8.1. Product Type Analysis 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 ,2020 - 2024 and Forecast 2025 - 2031 (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 2020 - 2024 and Forecast 2025 - 2031 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 2020 - 2024 and Forecast 2025 - 2031 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 |
Key Market Players
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