Overview

Deserving credit: A growing housing market is driving consumer credit and industry gains

IBISWorld’s Credit Agencies 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

Industry Analysis & Industry Trends

The Credit Agencies industry has grown at a solid pace over the past five years, driven by strong demand from banks and other organisations for credit reporting services. Increases in housing transfers and a higher unemployment rate have contributed to this growth. Furthermore, Australia's overall debt has continued to grow over the past five years, with increases in leading and investment amounts to businesses, investment funds and households. As a result, industry revenue is expected to grow at an annualised 4.5% over the five years through 2015-16. Revenue is forecast to increase by 4.3% in 2015-16, to total $605.1 million.

Due to the industry's high market share concentration and high barriers to entry, enterprise numbers have not changed considerably over the past five years...

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Industry Report - Industry Analysis Chapter

Several factors influence the Credit Agencies industry’s performance, including the number of housing transfers, debt uptake, unemployment and conditions across the economy. The industry has posted strong gains in the past five years. This has been due to increases in the total value of debt in Australia, which has resulted in greater demand for credit reports from the industry. Industry demand and growth have risen despite declines in the ratio of interest payments and debt to disposable income.

Solid industry performance

Industry revenue is expected to increase by an annualised 4.5% over the five years through 2015-16. The industry is projected to generate revenue of $605.1 million in 2015-16, up 4.3% on the previous year. Dem..

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Industry Products

What is the Credit Agencies Industry?

The industry provides independent opinions about the creditworthiness of companies, individuals, securities or financial obligations. A credit bureau (or consumer credit reporting agency) provides opinions about an individual’s creditworthiness. A credit rating agency assigns a credit rating for a particular issue of debt and evaluates the overall creditworthiness of the issuing entity.

Industry Products
Consumer credit reporting
Commercial credit reporting
Corporate and sovereign credit ratings
Other credit rating services
Industry Activities
Commercial credit reporting
Consumer credit reporting
Credit investigation services
Credit rating services
Credit reporting

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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