Take back: More loans will lead to more delinquencies, resulting in increased industry demand

At the height of the recession, an increase in loan defaults and delinquencies caused demand for the Repossession Services industry to soar as creditors sought to collect loan collateral. However, during subsequent years, the number of consumers defaulting on their loans bottomed out, with the risk composition on debt holders improving amid deleveraging. In the coming years, an increasing number of loans will lead to higher number of delinquencies, resulting in increased demand for industry services...purchase to read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
3.6%
Forecast Growth 17-22
Profit
Employment
16,777
Businesses
11,007
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • In more recent years, the industry has begun to recover from its postrecessionary trough
  • Improving economic conditions have enabled industry revenue to return to slow growth
  • Improved economic conditions will encourage creditors to expand lending
  • Industry Report - Industry Key Buyers Chapter

    The Repossession Services industry exhibits low market share concentration. In 2017, no single operator is expected to claim more than 5.0% of the industry's total revenue. The industry is characteristically fragmented, with majority of operators working within local and community markets due to regulation at the state level. Additionally, there is significant market presence of nonemployer operators, which are expected to claim over 39.0% of revenue and the majority of industry employment. The industry's low market share concentration has remained unchanged since 2012...purchase to read more.

    Additional Insights for the Repossession Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Repossession Services Industry are

  • Maintenance of excellent customer relations
  • Highly trained workforce
  • Having a high prior success rate (including completed prior contracts)
  • IBISWorld analysts also discuss how external factors such as Aggregate household debt and Per capita disposable income in the Repossession Services industry impact industry performance..

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    What's in this report

    What is the Repossession Services Industry?

    This industry repossesses tangible assets (e.g. automobiles, boats, equipment, planes, furniture and appliances) for a creditor as a result of delinquent debt by an individual.

    Industry Products
  • Repossession of vehicles
  • Other repossessions
  • Other services
  • Industry Activities
  • Vehicle repossession
  • Nonvehicle repossession
  • 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
  • Per capita disposable income
  • Access to credit
  • Yield on 10-year Treasury note

  • Current Performance
  • Recovery
  • Profitability and other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Improving conditions
  • Challenges remain
  • Profitability and other trends
  • Table: Repossession Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Repossession Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Retail Trade
  • Finance and Insurance
  • Consumers

  • Key Selling Industries
  • Credit Bureaus & Rating Agencies
  • Hardware Stores
  • Truck & Bus Manufacturing

  • Products & Services
  • Repossession of vehicles
  • Other repossessions
  • Other services
  • Chart: Repossession Services Industry Products and Services Segmentation

  • Demand Determinants
  • State of the economy
  • Interest rates
  • Number of financial institutions

  • Major Markets
  • Banks, insurance companies and other financial institutions
  • Individuals
  • Other
  • Retailers
  • Chart: Major Market Segmentation for the Repossession Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Repossession Services

  • Basis of Competition
    InternalExternal
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Repossession Services 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 Repossession Services 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 Repossession Services 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
    Delinquent Loan
  • A loan in which the borrower has failed to make payment as required by the loan contract.
  • Slim Jim
  • Technically know as a lockout tool, a slim jim is a a thin strip of metal used to unlock car doors.
  • Subprime Auto Loan
  • An auto loan that is provided to a borrower with a low credit score.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Repossession Services contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    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 Repossession Services:
    • 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 Repossession Services 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 Repossession Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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