What is Cost Segregation Services Market?
Cost Segregation is a commonly used strategic tax planning tool that allows companies and individuals who have constructed, purchased, expanded, or remodeled any kind of real estate to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. The services offer companies the opportunity to maximize tax depreciation benefits related to the construction or acquisition of real estate and minimize the risk of audit exposure.
Highlights from Cost Segregation Services Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | KBKG (United States), CSSI - Cost Segregation Services, Inc. (United States), Duffy & Duffy, PLLC (United States), Richards Witt & Charles LLP (United States), Marcum LLP (United States), Kroll Inc. (United States), The Bottom Line Group (United States), Perkins & Co (United States), Hutchinson & Bloodgood LLP (United States) and Eide Bailly LLP (United States) |
Global Cost Segregation Services is a fragmented market due to the presence of various players. The players are focusing on investing more in launching services. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
KBKG (United States), CSSI - Cost Segregation Services, Inc. (United States), Duffy & Duffy, PLLC (United States), Richards Witt & Charles LLP (United States), Marcum LLP (United States), Kroll Inc. (United States), The Bottom Line Group (United States), Perkins & Co (United States), Hutchinson & Bloodgood LLP (United States) and Eide Bailly LLP (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Kidder Mathews (United States) and Clark Schaefer Hackett (United States). Cost Segregation Services Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Retail, Hospitality, Office and Business Center and Others |
Type | Personal Business Tax, Personal Property Tax, Corporate Income Tax and Others |
Organization Size | SMEs,Large Enterprise |
On the basis of geography, the market of Cost Segregation Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Need for the Tax Management and Demand from Commercial Property Owners
Market Growth Drivers:
Rising Implementation of the Cost Segregation Services to Increase Cash Flow by Accelerating the Depreciation of Commercial Building Costs and Rapidly Growing Real Estate Building Strategies
Challenges:
Lack of Awareness among Property Owners
Restraints:
High Cost Associated with the Cost Segregation Services
Opportunities:
Increasing Demand for the Cost Segregation Services for Tax Planning
Key Target Audience
Cost Segregation Services Providers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others