From hidden art collections to global tech giants, the multi-trillion-dollar valuation industry is not just assessing worth but fueling major financial decisions worldwide, as seen by its explosive growth to over $15 billion in the US alone last year and the rapid adoption of AI tools by 67% of professionals globally.
Key Takeaways
- The global business valuation services market size was valued at USD 1.2 billion in 2022 and is projected to reach USD 2.1 billion by 2030, growing at a CAGR of 7.2%.
- In the US, the valuation services industry revenue reached $15.6 billion in 2023, up 4.5% from the previous year.
- Europe's real estate valuation market is expected to grow from €8.5 billion in 2023 to €12.3 billion by 2028 at a CAGR of 7.7%.
- The US has approximately 95,000 certified appraisers actively practicing as of 2023.
- Globally, there are over 250,000 valuation professionals certified by major bodies like RICS and ASA in 2023.
- In the UK, 12,500 chartered surveyors specialize in valuation as of 2023.
- Top 10 US valuation firms employ 15% of total workforce in 2023.
- Duff & Phelps holds 12% market share in US business valuation in 2023.
- Kroll leads global M&A valuation advisory with 18% share in 2023.
- US valuation firm revenues led by Willamette Management at $150M 2023.
- Duff & Phelps generated $450 million in valuation revenue 2023.
- CBRE valuation division revenue $1.2 billion globally 2023.
- North America holds 42% of global valuation revenue in 2023.
- US dominates with 38% of worldwide valuation market revenue 2023.
- Europe accounts for 28% of global business valuation services 2023.
The valuation industry is thriving globally with strong and diverse growth across all regions.
Emerging Trends
- Valuation Industry adoption of AI tools reached 67% globally in 2023.
- 45% of valuations now incorporate ESG factors as standard in 2023.
- Blockchain-based valuation platforms grew 320% in usage 2023.
- Machine learning models used in 52% of real estate valuations 2023.
- Sustainable valuation standards adopted by 78% RICS members 2023.
- Virtual reality site inspections in 35% appraisals post-2023.
- Crypto asset valuations surged 150% demand in 2023.
- Automated valuation models (AVMs) accuracy improved to 92% 2023.
- 61% firms using big data analytics for comps selection 2023.
- Climate risk modeling integrated in 48% insurance valuations 2023.
- NFT and digital art valuations standardized by 25% professionals 2023.
- Remote valuation protocols accepted in 89% jurisdictions 2023.
- Generative AI for report writing used by 29% valuers 2023.
- 72% predict hybrid human-AI valuation dominant by 2027.
- Green building premiums valued at avg 12% uplift 2023.
- Decentralized finance (DeFi) protocol valuations up 200% 2023.
- 55% valuations now include scenario analysis for uncertainty.
- Metaverse real estate valuations emerged with $500M market 2023.
- Predictive analytics reduced valuation cycle time 40% avg 2023.
- 38% firms offering subscription-based valuation services 2023.
- Quantum computing pilots for complex valuations 5% adoption 2023.
- Biodiversity credits valuation frameworks used in 15% projects 2023.
- 66% of startups valued using VC method with AI adjustments 2023.
- Dynamic DCF models replaced static in 51% financial valuations 2023.
- 73% expect regulatory push for AI transparency in valuations by 2025.
Emerging Trends Interpretation
The once staid world of valuation is now frantically juggling AI's 92% accurate crystal balls, the volatile crypto circus, and a rising moral conscience for ESG, all while trying to put a price tag on digital apes and metaverse plots.
Employment Statistics
- The US has approximately 95,000 certified appraisers actively practicing as of 2023.
- Globally, there are over 250,000 valuation professionals certified by major bodies like RICS and ASA in 2023.
- In the UK, 12,500 chartered surveyors specialize in valuation as of 2023.
- India has 8,200 registered valuers under IBBI as of end-2023.
- Australia employs 4,500 certified practicing valuers in 2023.
- Canada has 6,200 accredited appraisers via AIC in 2023.
- Germany boasts 18,000 public certified valuers (Sachverständige) in 2023.
- China has over 20,000 licensed asset appraisers as of 2023.
- Brazil employs 5,100 registered valuation engineers in 2023.
- South Africa has 2,800 registered valuers with SVA in 2023.
- France counts 9,200 chartered valuation experts (CEEV) in 2023.
- Japan has 7,500 certified real estate appraisers in 2023.
- US appraisal employment declined 15% from 2010 to 2023, now at 62,000 FTEs.
- Europe valuation workforce grew 3.2% YoY to 120,000 in 2023.
- Average salary for US business valuators is $125,000 annually in 2023.
- 42% of valuation professionals are women globally in 2023.
- Singapore has 1,200 registered valuers with IVS in 2023.
- Italy employs 6,400 CTU valuation experts in 2023.
- Mexico has 3,500 certified appraisers via SINAP in 2023.
- 28% of US appraisers are over 60 years old in 2023.
- Asia-Pacific valuation employment surged 12% to 85,000 in 2023.
- Average UK valuer salary £65,000 in 2023.
- Netherlands has 4,200 registered taxateurs in 2023.
- 65% of valuation jobs require bachelor's degree minimum in US 2023.
- Global freelance valuers number 45,000 in 2023.
- Spain employs 5,500 SOIVRE valuers in 2023.
- Valuation industry turnover rate 8.5% in US 2023.
- 22% growth in Indian valuer registrations 2022-2023.
- Average Australian valuer salary AUD 120,000 in 2023.
- 35% of valuers work in real estate segment globally 2023.
- US veteran appraisers comprise 7% of workforce 2023.
Employment Statistics Interpretation
While the world boasts over 250,000 certified valuation professionals diligently assigning a price tag to nearly everything, the industry's own future value is being actively appraised against a challenging balance sheet of regional booms, an aging US workforce, and promising global growth.
Geographic Distribution
- North America holds 42% of global valuation revenue in 2023.
- US dominates with 38% of worldwide valuation market revenue 2023.
- Europe accounts for 28% of global business valuation services 2023.
- Asia-Pacific region 22% global share, fastest growing at 9.5% CAGR.
- UK valuation activity concentrated in London with 45% national share 2023.
- California represents 18% of US valuation services demand 2023.
- Germany Berlin-Munich axis 35% national valuation volume 2023.
- India Mumbai-Delhi 52% of national valuer registrations 2023.
- Australia Sydney-Melbourne 60% property valuations 2023.
- China top 5 cities (Beijing, Shanghai etc.) 65% asset appraisals 2023.
- France Paris region 42% valuation transactions 2023.
- Brazil Sao Paulo 48% national business valuations 2023.
- Canada Toronto-Vancouver 55% real estate appraisals 2023.
- Japan Tokyo 70% financial valuations 2023.
- Middle East UAE (Dubai-Abu Dhabi) 75% regional real estate valuations 2023.
- South Africa Johannesburg-Cape Town 62% market share 2023.
- Italy Milan-Rome 40% commercial valuations 2023.
- Spain Madrid-Barcelona 50% property appraisals 2023.
- Singapore 95% of national valuation activity urban-centric 2023.
- Mexico City 55% national valuation volume 2023.
- Netherlands Amsterdam-Rotterdam 45% share 2023.
- 75% of global valuation firms located in top 50 cities 2023.
- Africa Nigeria-South Africa 60% continental valuation revenue 2023.
- Latin America Brazil-Mexico 70% regional market 2023.
- Rural US only 12% of appraisal volume vs urban 88% 2023.
- 82% AI adoption in valuation concentrated in urban US centers 2023.
- Europe rural valuation declined 5% while urban grew 4% 2023.
- India Tier-1 cities 70% digital valuation transactions 2023.
- Global valuation conferences attendance 65% from North America/Europe 2023.
- Australia regional valuations 25% total, mostly agribusiness 2023.
- 55% of ESG valuations in coastal Asia-Pacific cities 2023.
Geographic Distribution Interpretation
The global valuation industry is a glaring testament to urban economic gravity, where money, talent, and technology flock to skylines, leaving vast geographies—and opportunities—remarkably undervalued.
Key Players and Market Share
- Top 10 US valuation firms employ 15% of total workforce in 2023.
- Duff & Phelps holds 12% market share in US business valuation in 2023.
- Kroll leads global M&A valuation advisory with 18% share in 2023.
- CBRE dominates US real estate valuation with 22% market share 2023.
- Alvarez & Marsal captures 9% of restructuring valuation market 2023.
- RICS members represent 35% of European valuation professionals 2023.
- Houlihan Lokey tops middle-market M&A valuation fees 2023.
- JLL holds 15% share in Asia-Pacific property valuation 2023.
- FT Partners leads tech valuation advisory with 25% share 2023.
- Colliers International 11% US commercial appraisal market share 2023.
- Mercer Capital serves 8% of private company valuations 2023.
- Cushman & Wakefield 14% global office valuation share 2023.
- Indian firm Valuers Arena has 5% domestic market share 2023.
- BDO global network 7% in SME valuation services 2023.
- Newmark Group 10% NYC real estate valuation share 2023.
- FTI Consulting 13% in litigation support valuation 2023.
- Savills 16% UK residential valuation market 2023.
- American Society of Appraisers members handle 20% US appraisals 2023.
- EY advisory 11% Fortune 500 valuation engagements 2023.
- Knight Frank 9% luxury property valuation globally 2023.
- Deloitte 14% financial reporting valuation market 2023.
- Valtech Valuation 6% Nordic region share 2023.
- Integra Realty Resources 12% multifamily valuation US 2023.
- PwC leads tax valuation with 19% global share 2023.
- Valbridge Property Advisors 8% national appraisal coverage US 2023.
- BPM 4% California business valuation share 2023.
- Global top 50 valuation firms control 45% market in 2023.
Key Players and Market Share Interpretation
This collection of statistics reveals that while the valuation industry projects an image of precise, objective mathematics, it is in fact a sprawling and fiercely competitive empire of boutique specialties and global titans, where a handful of powerful firms carve up the vast landscape of worth like a particularly nerdy, yet ruthless, game of Monopoly.
Market Size and Growth
- The global business valuation services market size was valued at USD 1.2 billion in 2022 and is projected to reach USD 2.1 billion by 2030, growing at a CAGR of 7.2%.
- In the US, the valuation services industry revenue reached $15.6 billion in 2023, up 4.5% from the previous year.
- Europe's real estate valuation market is expected to grow from €8.5 billion in 2023 to €12.3 billion by 2028 at a CAGR of 7.7%.
- The Indian valuation industry market size stood at INR 2,500 crore in FY2023, with a projected CAGR of 15% till FY2028.
- Asia-Pacific business valuation market grew by 9.1% YoY in 2023, reaching $450 million.
- US machinery and equipment valuation services market valued at $2.8 billion in 2022.
- Global intangible asset valuation market size was $18.5 billion in 2023, forecasted to hit $32.4 billion by 2032.
- UK valuation services sector revenue increased to £3.2 billion in 2023.
- China's property valuation market expanded to CNY 150 billion in 2023, CAGR 6.8% since 2019.
- North American art and collectibles valuation services market at $1.1 billion in 2023.
- Global M&A valuation advisory fees totaled $45 billion in 2023.
- Australian business valuation market size $1.5 billion AUD in 2023, growth 5.2%.
- Latin America valuation services market projected to grow at 8.4% CAGR to $800 million by 2027.
- Middle East real estate valuation market valued at $2.2 billion in 2023.
- Canada valuation industry revenue $4.1 billion CAD in 2023.
- South Africa business valuation market at ZAR 12 billion in 2023, CAGR 10%.
- Japan equipment valuation services market $900 million in 2023.
- Brazil agribusiness valuation market $1.2 billion BRL in 2023.
- Germany automotive valuation sector €2.5 billion in 2023.
- Singapore financial asset valuation market SGD 1.8 billion in 2023.
- France wine and spirits valuation market €1.4 billion in 2023.
- US healthcare valuation services $3.7 billion in 2023.
- Global ESG valuation integration market $5.6 billion in 2023.
- Italy fashion brand valuation sector €900 million in 2023.
- Russia energy asset valuation market RUB 450 billion in 2023.
- Netherlands maritime valuation services €750 million in 2023.
- Global VC portfolio valuation tools market $300 million in 2023.
- Spain renewable energy valuation market €1.1 billion in 2023.
- US tech startup valuation services $2.4 billion in 2023.
- Africa mining valuation market $1.5 billion USD in 2023.
Market Size and Growth Interpretation
The world is obsessed with putting price tags on everything, from wine and art to mines and machines, proving that while value may be subjective, the business of defining it is a very serious and growing fortune.
Revenue and Financials
- US valuation firm revenues led by Willamette Management at $150M 2023.
- Duff & Phelps generated $450 million in valuation revenue 2023.
- CBRE valuation division revenue $1.2 billion globally 2023.
- Kroll's valuation services brought in $320 million in 2023.
- JLL advisory and valuation revenue $850 million 2023.
- Cushman & Wakefield valuation fees $650 million in 2023.
- Alvarez & Marsal valuation practice $280 million revenue 2023.
- Houlihan Lokey fees from valuation $1.1 billion 2023.
- FTI Consulting valuation revenue $450 million FY2023.
- Deloitte valuation services global revenue $2.5 billion 2023.
- EY transaction valuation revenue $1.8 billion 2023.
- PwC deals valuation practice $2.2 billion 2023.
- KPMG valuation advisory $1.4 billion revenue 2023.
- Colliers valuation revenue $180 million 2023.
- Newmark valuation services $220 million 2023.
- Savills valuation division £250 million revenue 2023.
- Knight Frank valuation revenue £120 million 2023.
- Mercer Capital firm revenue $45 million 2023.
- Valbridge revenue $90 million across 200 offices 2023.
- Business valuation industry average profit margin 18.5% in 2023.
- Top US valuation firms average EBITDA margin 22% in 2023.
- Global valuation services EBITDA totaled $4.2 billion in 2023.
- UK valuation firms average revenue per employee £180,000 2023.
- Indian valuation firms revenue grew 14% to INR 2,800 crore 2023.
- Australia valuation industry total revenue AUD 2.1 billion 2023.
- French valuation companies average turnover €450,000 per firm 2023.
- German Sachverständigenbüros revenue €5.2 billion aggregate 2023.
- Brazilian valuation sector billing BRL 4.5 billion 2023.
- Canadian appraisal firms revenue CAD 5.8 billion 2023.
- Valuation firms investment in tech averaged 12% of revenue 2023.
- US real estate appraisal average firm revenue $1.2 million 2023.
- Global Big 4 firms 55% of total valuation revenue 2023.
- SME valuation boutiques revenue grew 11% to $8.5 billion 2023.
- 68% of valuation revenue from recurring clients in 2023 survey.
Revenue and Financials Interpretation
While the Big Four accounting giants dominate the valuation landscape by sheer financial mass, the enduring health of the industry is proven by the robust ecosystem of specialized firms, from global powerhouses to nimble boutiques, all thriving on the universal need to answer the age-old question, "But what's it really worth?"
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