Industry Analysis & Industry Trends
Performance in the Debt Collection Agencies industry is largely driven by the overall availability of collection opportunities (i.e. the number of defaulted accounts that an agency services). Growth in the industry over the past five years is the result of increased opportunities resulting from high delinquency levels at the start of the period. In the coming years, increases in collection rates and outstanding credit are expected to drive 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 1.5% over the 10 years to 2021. In contrast, US GDP is forecast to increase at an annualized rate of 2.3% 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