Growth Forecast for Saudi Building Inspections Market

In 2024, Saudi Arabia’s building inspection services industry is anticipated to reach $182.9 million, with projections indicating it could grow to $316.7 million by 2030 at a CAGR of 9.6%. This growth will be driven by rising construction activity, real estate investment, and a growing population.

The COVID-19 pandemic accelerated the adoption of remote inspections, utilizing digital tools to reduce human effort and maintain business continuity. Remote inspection systems significantly reduce costs and facilitate digital document exchange. Technology now enables inspections to be conducted using video, images, and electronic notes, streamlining the process for all involved parties.

With developments such as NEOM, other new cities, residential complexes, and industrial facilities, demand for inspection services has surged. These services are essential for ensuring construction quality and structural stability. In 2022, Saudi Arabia's National Development Fund announced over 1,429 infrastructure projects.

Key Insights:

• The home inspection segment will capture 45% of the market share in 2024, growing at a 10% CAGR. Comprehensive inspections cover everything from external structures to HVAC systems.
• Specialty inspections include services for sewer, septic, roofing, and irrigation systems, and their demand is rising due to increased consumer awareness of specific property issues.
• The outsourced inspection segment holds a 65% market share and will likely expand at a 9.8% CAGR, driven by the high-quality services provided by specialized companies.
• Al-Riyadh is expected to grow at a 10.2% CAGR, supported by its extensive residential and commercial construction.
• The Eastern Province, with large-scale construction and strict safety regulations, will hold 40% of the market in 2024.