Industry Analysis & Industry Trends
After a rising tide of debt swamped the economy, collectability rates fell, canceling out the spike in debt collection opportunities and hurting revenue. However, the economy is set to recover over the next five years, with improving debt recovery rates, declining unemployment and higher housing prices. As a result, debt collection agencies will experience renewed demand, resulting in modest revenue growth... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Debt Collection Agencies industry remains highly fragmented, with the top four businesses expected to account for less than 30.0% of industry according to IBISWorld estimates. Over half of the industry is comprised of sole proprietors and partnerships due to the industry's low barriers to entry. Market share concentration is expected to continue increasing over the next five years as companies look to mergers and acquisitions for increased revenue.
Acquisition activity is common in a mature marketplace, and IBISWorld projects that this trend will continue during the next five years as businesses focus on cutting costs and improving productivity. Companies will look to grow market share by acquiring smaller firms and their portfolios... purchase to read more