At the height of the recession, an increase in loan defaults and delinquencies caused demand for the Repossession Services industry to soar as creditors sought to collect loan collateral. However, during subsequent years, the number of consumers defaulting on their loans bottomed out, with the risk composition on debt holders improving amid deleveraging. In the coming years, an increasing number of loans will lead to higher number of delinquencies, resulting in increased demand for industry services.
This industry repossesses tangible assets (e.g. automobiles, boats, equipment, planes, furniture and appliances) for a creditor as a result of delinquent debt by an individual.
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.
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