Industry Analysis & Industry Trends
During the five years to 2015, revenue for the Debt Collection Agencies industry is expected to increase marginally. Moving past the recession, growth in the industry has been tied to several distinct epochs. In the coming years, increases in collection rates and outstanding credit are expected to drive growth in the industry's revenue. As unemployment rates decline and the housing market recovers, consumers' ability to pay back outstanding loans will continue to boost recovery rates. Household debt and outsourcing services are also projected to continue increasing through 2020, supporting industry growth... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Debt Collection Agencies industry is in the mature stage of its economic life cycle. The industry is characterized by a stable product segment, a declining number of establishments and industry value added (IVA) growing at a slower rate than the US economy. IVA, which measures an industry's contribution to the overall economy, is expected to increase at an annualized rate of 0.8% over the 10 years to 2020. In contrast, US GDP is forecast to increase at an annualized rate of 2.5% over the same period. An industry whose IVA is growing at a slower rate than the US economy is typically characterized as an industry in the mature stage of its economic life cycle.
Demand for industry services is largely driven by the amount of aggregate debt households have... purchase to read more