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Debt Collection in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Debt Collection Market Research Report | ANZSIC N7293a | Dec 2016

Credit is due: Increasing unemployment and debt collection outsourcing have driven growth

IBISWorld’s Debt Collection market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
4.3%
Annual Growth 17-22
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Profit
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Employment
7,620
Businesses
560
Industry Analysis & Industry Trends

The Debt Collection industry typically thrives when the economy is weak, as this can lead to households defaulting on loans and trigger a rise in business bankruptcies. Strong economic conditions can have the opposite effect on the industry. This is due to households and businesses making efforts to pay down debt and boost savings, while tighter lending practices can result in better loans with less likelihood of default. Industry revenue is projected to display strong growth of 4.8% during 2016-17, due to expectations of higher unemployment, more bankruptcies and increased household debt as a proportion of assets.

Larger companies in the industry benefit from economies of scale and branding... purchase to read more

Industry Report - Industry Analysis Chapter

Increased unemployment across the economy and high household debt levels have contributed to positive results for the Debt Collection industry over the five years through 2016-17. Debt collection operators generally benefit from difficult economic conditions and accompanying rises in unemployment, loan defaults and bankruptcies. However, slow or declining economic growth across some industry sectors, such as construction and mining, tended to tighten corporate budgets for debt recovery, limiting industry growth.

Type of debt owned

Industry operators use two main business models: contingent collections and debt portfolio collections. Contingent collection agencies collect debt on behalf of the original creditor... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Debt Collection Industry?

Debt collection firms retrieve debt payments from individuals and businesses that have failed to meet the terms and conditions outlined by their loan agreements. A firm can act as an agent on behalf of a creditor, for which the firm receives a fee or percentage of the total amount collected. Alternatively, firms can purchase bad debt from the original creditors at a discount on its face value.

Industry Products
Contingent fee servicesPortfolio acquisition servicesOther debt collection services
 
Industry Activities
Account collection servicesBill collection servicesCollection agency operationsDebt collection servicesDebt portfolio collection servicesDebt purchasingOther debt purchase and collection servicesRepossession servicesTax collection on a contract or fee basis


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