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 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 0.7% over the 10 years to 2019. 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