Excerpt from the IBISWorld industry Report:
The top five firms in the Real Estate Appraisal industry account for less than 15.0% of industry revenue with the largest having a market share of just 6.2%. The larger participants in the industry are generally subdivisions of large multinational property, brokerage, and global real estate service firms. The vast majority of companies operating in the industry are small, independent firms with few employees or single-owner operators.
According to the US Census and IBISWorld estimates, 75.3% of establishments are nonemployers. From 2008 to 2010, the total number of establishments in the industry was decreasing. The number of nonemployer establishments was decreasing at a faster rate than employer firms. This trend, however, has reversed recently.
According to Jose, the total number of enterprises began increasing in 2010, and the number of nonemployer firms is projected to grow at a faster rate than employer firms over the next five years. This shift will likely result from mergers and acquisitions as well as a trend of appraisal professionals leaving firms to become independent contractors as demand for their services is increasingly filtered through appraisal management companies.
For more information, visit IBISWorld’s Real Estate Appraisal in the US industry report page.
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