While improving economic conditions initially reduced the number of repossessions, thereby hurting demand for industry services, the strengthening economy has started to boost demand for the Repossession Services industry. Over the five years to 2019, increasing per capital disposable income levels and declining unemployment will result in more consumer spending. The resulting increase in the number of loans will lead to higher number of delinquencies, resulting in increased demand for industry services.
This industry reposes tangible assets (e.g. automobiles, boats, equipment, planes, furniture and appliances) for a creditor as a result of delinquent debt by an individual.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.