Fair shake: Diverse industry offerings will keep revenue consistent amid shifting economic conditions

The Credit Counselors, Surveyors and Appraisers industry experienced both growth and decline over the past five years, as the industry's various services are distinctively influenced by macroeconomic conditions. In the early part of the period, pro-cyclical segments benefited from increasing demand. As construction activity increased, so did the value of residential construction. As a result, quantity surveyors, who mainly provide cost estimates for construction projects, experienced revenue growth during the period. However, countercyclical segments were harmed by the recovering economy...purchase to read more.

Industry Statistics & Market Size
Revenue
$55bn
Annual Growth 12-17
1.6%
Forecast Growth 17-22
Profit
Employment
888,931
Businesses
828,338
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Continued growth in the value of residential construction is anticipated to benefit quantity surveyors
  • Falling unemployment and improving disposable incomes reduced the need for credit counselors
  • Demand for quantity surveying services will increase as construction activity rises
  • Industry Report - Starting a New Business Chapter

    The Credit Counselors, Surveyors and Appraisers industry has low barriers to entry. The industry's very low market share concentration and initial capital requirements allow potential operators to enter with relative ease. However, a number of barriers to entry do exist. For the estate appraisal and quantity surveying segments of the industry, obtaining relevant qualifications represent barriers to overcome for potential entrants. In addition, complying with the increasingly strict regulatory environment for credit counseling presents a barrier to entry for that segment.While low concentration and investment requirements make it fairly easy for small start-ups or individual proprietorships to enter the industry, success is not guaranteed. The...purchase to read more.

    Additional Insights for the Credit Counselors, Surveyors & Appraisers Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Credit Counselors, Surveyors & Appraisers Industry are

  • Having a high prior success rate
  • Having a good reputation
  • Willingness to outsource when appropriate
  • IBISWorld analysts also discuss how external factors such as Aggregate household debt and Value of residential construction in the Credit Counselors, Surveyors & Appraisers industry impact industry performance..

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    What's in this report

    What is the Credit Counselors, Surveyors & Appraisers Industry?

    Operators in this industry primarily provide quantity surveyor services, also known as cost estimation; estate appraisal services (except real estate); or consumer credit counseling services.

    Industry Products
  • Arbitration, mediation and conciliation services
  • Visual inspection services
  • Appraisal services
  • Commodity inspection services
  • Market research services
  • Resale of merchandise
  • Industry Activities
  • Providing arbitration, mediation and conciliation services, including credit counseling
  • Providing estate appraisal (except real estate) services
  • Providing cost estimation and quantity surveyor services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Aggregate household debt
  • Value of residential construction
  • National unemployment rate
  • Number of deaths
  • Prime rate

  • Current Performance
  • Quantity surveyors depend on construction
  • Credit counseling slows growth
  • Diverse industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Quantity surveying
  • Credit counseling and appraisal services
  • Industry landscape
  • Table: Credit Counselors, Surveyors & Appraisers Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Counselors, Surveyors & Appraisers Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Law Firms
  • Consumers

  • Key Selling Industries
  • Commercial Leasing
  • Computer & Printer Leasing
  • Data Processing & Hosting Services

  • Products & Services
  • Other
  • Arbitration, mediation and conciliation services
  • Visual inspection services
  • Appraisal services
  • Commodity inspection services
  • Market research services
  • Resale of merchandise
  • Chart: Credit Counselors, Surveyors & Appraisers Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Business firms and farms
  • Federal government
  • Individuals
  • State and local governments
  • Not-for-profit organizations
  • Chart: Major Market Segmentation for the Credit Counselors, Surveyors & Appraisers Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWages and depreciationPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Credit Counselors, Surveyors & Appraisers

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Counselors, Surveyors & Appraisers Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Counselors, Surveyors & Appraisers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Credit Counselors, Surveyors & Appraisers Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Aggregate household debt (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Computer Aided Design (Cad) Technology
  • Technology that provides building estimation and cost plans by extracting exact measurement data.
  • Cost Estimators
  • Individuals and firms involved in a number of activities relating to the estimation of labor, subcontracting, equipment, materials and infrastructure requirements.
  • Estate Appraisers
  • Individuals and firms involved in a number of activities related to insurance coverage, equitable distribution, estate planning and charitable contributions.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Credit Counselors, Surveyors & Appraisers Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Credit Counselors, Surveyors & Appraisers industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Credit Counselors, Surveyors & Appraisers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Counselors, Surveyors & Appraisers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Counselors, Surveyors & Appraisers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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