Credit Counselors, Surveyors & Appraisers in the US - Industry Market Research Report

Credit Counselors, Surveyors & Appraisers in the US - Industry Market Research Report
Credit Counselors, Surveyors & Appraisers in the US

The industry has skyrocketed, with revenue increasing over the past five years at a CAGR of 4.9% through the end of 2023 to $95.2 billion. The industry includes a wide variety of professional and technical service providers, including credit counselors, quantity surveyors, visual inspectors, weather forecasters, arbitrators and commodity inspectors. The industry is affected by many demographic and macroeconomic factors that have a material influence on the industry. The COVID-19 pandemic benefited credit counselors since more difficult economic conditions caused more consumers to seek financial advice. In 2022, credit counselors are expected to benefit again as high inflation, rising interest rates and recessionary fears create financial trouble for many families. But the construction and industrial sectors are expected to decline because of economic conditions. Overall, revenue is anticipated to climb 3.4% in 2023 alone. Profit is expected to increase during the current period, largely due to recovery from the pandemic.

Operators in this industry primarily provide quantity surveyor services (also known as cost estimation); estate appraisal services (except real estate); and 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.