Debt Collection Agencies in Canada - Industry Market Research Report

Debt Collection Agencies in Canada - Industry Market Research Report

Debt Collection Agencies in Canada

The Debt Collection Agencies industry in Canada has performed poorly over the five years to 2019 as marked improvements in the ability of both consumers and businesses to service their debt on the original payment terms has hindered industry growth. The aggregate level of household debt has increased during the period as consumers have become increasingly comfortable taking on new debt. However, disposable income improvement and stable economic growth have enabled households to pay their debts at higher rates. Consequently, the rate of insolvencies by consumers has declined during the period. Over the five years to 2024, industry revenue is forecast to decrease. Aggregate household debt is forecast to continue rising over the five-year period, presenting additional opportunities for both individual and corporate debt collection.

The Debt Collection Agencies industry in Canada pursues payments on debts owed by individuals and businesses. Most collection agencies operate as agents of creditors and collect debts for a fee or percentage of the total amount owed. Other agencies purchase debt portfolios from creditors at deep discounts and then pursue outstanding balances for their own gain.

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.


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 Globalization

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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