Gaining credit: High housing transfer numbers and household debt have driven revenue growth

The Credit Agencies industry has grown at a solid pace over the past five years, driven by strong demand from banks and other organisations for credit reporting services. A relatively high number of housing transfers in most years, and a comparatively low unemployment rate have contributed to this growth. Furthermore, high household debt, and increases in lending and investment amounts to businesses have positively affected the industry. Overall, industry revenue is projected to increase at an annualised 5.6% over the five years through 2018-19, to reach $726.9 million. This includes an anticipated revenue increase of 2.7% in the current more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24

Industry Threats & Opportunities

  • Household debt has remained relatively high over the past five years, boosting industry growth
  • Profit margins have remained strong due to growing demand and pricing increases
  • Increases in the number of business bankruptcies are forecast to contribute to industry growth
  • Industry Report - Industry Locations Chapter

    The location of credit agencies by state and territory generally follows the geographic spread of the Australian population and business numbers. The industry is mainly influenced by the presence of consumer reporting agencies, which are more numerous than credit rating agencies. In general, credit rating agencies cluster around the financial infrastructure of capital cities. This partly explains the higher concentration of enterprises in the eastern states of New South Wales, Victoria and Queensland.In contrast, consumer reporting agencies have a wider geographic distribution across Australia. These types of firms tend to be located close to the customer markets that they service. The...purchase to read more.

    Additional Insights for the Credit Agencies Industry

    IBISWorld has determined the most important Key Success Factors for the Credit Agencies are:

  • Development of new products
  • Level of security provided/used
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Amount of equity capital raising and Number of housing transfers in the Credit Agencies industry impact industry performance..

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    What's in this report

    What is the Credit Agencies Industry?

    The industry provides independent opinions about the creditworthiness of companies, individuals, securities or financial obligations. A credit bureau (or consumer credit reporting agency) provides opinions about an individual’s creditworthiness. A credit rating agency assigns a credit rating for a particular issue of debt and evaluates the overall creditworthiness of the issuing entity.

    Industry Products
  • Consumer credit reporting
  • Commercial credit reporting
  • Corporate and sovereign credit ratings
  • Other credit rating services
  • Industry Activities
  • Commercial credit reporting
  • Consumer credit reporting
  • Credit investigation services
  • Credit rating services
  • Credit reporting
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Amount of equity capital raising
  • Number of housing transfers
  • Household debt to assets ratio
  • National unemployment rate
  • Business bankruptcies

  • Current Performance
  • Solid industry performance
  • Strong profit margins
  • Australian debt
  • Regulation heightens
  • Chart: Revenue Growth

  • Industry Outlook
  • Future industry drivers
  • Credit and debt
  • Assessing the assessors
  • Technical changes and competition
  • Table: Credit Agencies Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Credit Agencies Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumer Goods Retailing
  • Finance
  • Consumers

  • Key Selling Industries
  • Computer and Electronic Office Equipment Manufacturing
  • Data Storage Services

  • Products & Services
  • Consumer credit reporting
  • Corporate and sovereign credit ratings
  • Commercial credit reporting
  • Other credit rating services
  • Chart: Credit Agencies Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Mortgage brokers and finance services providers
  • Accounting, legal and consulting firms
  • Insurance companies
  • Household and other sectors
  • Banks, credit unions and building societies
  • Debt collection and administrative services providers
  • Rental and hire firms
  • Property and real estate managers
  • Chart: Major Market Segmentation for the Credit Agencies Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Credit Agencies

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Credit Agencies Industry

  • Industry Globalization
    Equifax Australia Group Pty Limited, illion Australia Pty Ltd, S&P Global Australia Pty Ltd,
  • Table: Equifax Australia Group Pty Limited - financial performance
  • Table: illion Australia Pty Ltd - financial performance
  • Table: S&P Global Australia Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Credit Agencies Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Credit Agencies Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • A written commitment from a borrower to a lender, agreeing to repay the holder of the bond a specified sum on a specified date, often along with intermittent interest payments.
  • Credit Rating
  • An opinion regarding an issuer's ability to make timely repayments in general, or relating to a particular financial obligation.
  • Debt Issuance
  • The act of borrowing money by selling bonds or similar securities in financial markets.
  • What Our Customers Say

    Why buy this report?

    The Credit Agencies market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
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    This report on Credit Agencies:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Credit Agencies market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Credit Agencies, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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