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Conveyancing Services in the US Industry Data and Analysis
Through the end of 2025, the Conveyancing Services industry has experienced volatility in line with fluctuations in the housing market and interest rates. Robust demand for residential property in 2020 and 2021 resulted in a boom for conveyancers. However, elevated mortgage rates and declining home sales in 2022 and the following years have decreased demand for residential conveyancing services. In 2024, existing home sales fell by 0.7%, leading to decreased workloads and revenue for conveyancing firms. Firms have attempted to counteract this trend by increasing digital technology to streamline processes and reduce costs. On a positive note, a climb in mergers and acquisition deal volumes by 9.0% in 2024 has created new work for conveyancers. Overall, industry revenue has dropped at a CAGR of 2.0% over the past five years to reach $22.1 billion in 2025, despite an estimated 2.0% climb in 2025. Profit has fallen over the past five years amid uneven demand and a gain in competition.
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What's included in this industry analysis
IBISWorld's research coverage on the Conveyancing Services industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Conveyancing Services industry in the United States operates under the NAICS industry code 54119. This industry comprises companies and legal practitioners that provide conveyancing services to individuals and corporate clients. Conveyancing, the process of transferring ownership of land or property from one person or entity to another, requires specialists to advise parties, prepare documentation and conduct the settlement process. Other industry offerings include arbitration services, expert witness services and assistance with intellectual property claims. Related terms covered in the Conveyancing Services industry in the United States include conveyancing, closing and housing starts.
What's included in this industry?
Products and services covered in Conveyancing Services industry in the United States include Title, abstract and settlement services, Title search and other document filing services and Patent copyright and other intellectual property document services.
What companies are included in this industry?
Companies covered in the Conveyancing Services industry in the United States include Fidelity National Financial, Inc., First American Financial Corporation and Stewart Information Services Corp.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Conveyancing Services industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Conveyancing Services industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Conveyancing Services industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Conveyancing Services industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Conveyancing Services industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Conveyancing Services industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Conveyancing Services industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Conveyancing Services industry in the United States.
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Frequently Asked Questions
What is the market size of the Conveyancing Services industry in the United States in 2026?
The market size of the Conveyancing Services industry in the United States is $22.1bn in 2026.
How many businesses are there in the Conveyancing Services industry in the United States in 2025?
There are 34,800 businesses in the Conveyancing Services industry in the United States, which has grown at a CAGR of 1.4 % between 2020 and 2025.
How may import tariffs affect the Conveyancing Services industry in the United States?
The Conveyancing Services industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Conveyancing Services industry in the United States?
The Conveyancing Services industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Conveyancing Services industry in the United States grown or declined over the past 5 years?
The market size of the Conveyancing Services industry in the United States has been declining at a CAGR of 2.0 % between 2020 and 2025.
What is the forecast growth of the Conveyancing Services industry in the United States over the next 5 years?
Over the next five years, the Conveyancing Services industry in the United States is expected to grow.
What are the biggest companies in the Conveyancing Services industry in the United States?
The biggest companies operating in the Conveyancing Services industry in the United States are Fidelity National Financial, Inc., First American Financial Corporation and Stewart Information Services Corp
What does the Conveyancing Services industry in the United States include?
Title, abstract and settlement services and Title search and other document filing services are part of the Conveyancing Services industry in the United States.
Which companies have the highest market share in the Conveyancing Services industry in the United States?
The company holding the most market share in the Conveyancing Services industry in the United States is Fidelity National Financial, Inc..
How competitive is the Conveyancing Services industry in the United States?
The level of competition is moderate and steady in the Conveyancing Services industry in the United States.
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