Overview

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

IBISWorld’s Repossession Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

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

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry SWOT Analysis Chapter

    The Repossession Services industry is in the mature phase of its industry life cycle. In the 10 years to 2022, industry value added (IVA), which measures an industry's contribution to the economy, is forecast to rise at an annualized rate of 2.0%. GDP is also expected to grow at this rate over the same period. Typically, IVA growth so close to GDP indicates a mature industry.

    In general, industry performance falls in line with economic growth, even though booms and busts can temporarily debase this relationship. When the economy expands, consumers increase their spending and are more willing to finance their purchases. This increases loan volumes, which eventually leads to more defaults, delinquencies and repossessions, even if the delinquent loans' share of total loans declines.

    ..

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    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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    Look under the hood?

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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    There are no major players in this industry
    Operating Conditions
    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
    Key Statistics
    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
    Jargon & Glossary
    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.
  • Why buy this report?

    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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