Credit Counselors, Surveyors & Appraisers in the US
Although each of the various segments of the Credit Counselors, Surveyors and Appraisers industry experienced various levels of growth and decline, the industry as a whole has undergone stable growth over the five years to 2018. The industry includes procyclical, countercyclical and stable industry segments that fluctuate based upon a diverse array of factors, such as the health of the construction market, the rise and fall of unemployment rates and the growth of disposable income. Throughout the period, procyclical segments benefited from increased access to credit and consumer spending. For example, as construction activity and the value of residential and commercial construction increased during the five-year period, quantity surveyors, which mainly provide cost estimates for construction projects, experienced revenue growth. However, countercyclical segments were harmed by growth in the economy. Over the five years to 2023, continued growth in the value of construction will incentivize greater construction activity, benefiting quantity surveyors. Conversely, a stronger economy will ultimately reduce revenue for credit counselors.
Operators in this industry primarily provide quantity surveyor services, also known as cost estimation; estate appraisal services (except real estate); or consumer credit counseling services.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.