In 2023, the United Kingdom led the European market in collection agencies and credit bureaus services, registering a value of 30.8 million euros with a growth rate of 3.37%, followed by Germany at 23.33 million euros but with a slight decline of 0.27%. Italy also showed significant growth of 3.35%, reaching a value of 14.31 million euros. Smaller markets like Austria and Serbia experienced remarkable growth rates, at 13.37% and 19.39% respectively, indicating a positive trend. In contrast, Spain and France saw declines of 4.61% and 2.29%. Bosnia and Herzegovina emerged with an impressive growth of 30.04%.
Future trends indicate a potential shift in market share as smaller countries continue to grow at faster rates, possibly reshaping the landscape of credit services in Europe. Fintech innovations and regulatory changes could drive and challenge growth, especially in dynamic markets like Austria and Serbia. Monitoring shifts in economic conditions and technological advancements will be vital for stakeholders to identify opportunities and adapt strategies effectively.
Top countries in Production Value of Collection Agencies and Credit Bureaus Services Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 30.8 | 2023 | +2.86% | +3.37% | View data |
| 2 | 2 Germany | 23.33 | 2023 | -0.064% | -0.27% | View data |
| 3 | 3 Italy | 14.31 | 2023 | +2.81% | +3.35% | View data |
| 4 | 4 Spain | 6.19 | 2023 | -5.79% | -4.61% | View data |
| 5 | 5 France | 4.69 | 2023 | -3.14% | -2.29% | View data |
| 6 | 6 Finland | 4.34 | 2023 | +4.82% | +5.45% | View data |
| 7 | 7 Norway | 3.59 | 2023 | +0.36% | -2.76% | View data |
| 8 | 8 Sweden | 3.29 | 2023 | +0.3% | +0.83% | View data |
| 9 | 9 Austria | 2.47 | 2023 | +3.84% | +13.37% | View data |
| 10 | 10 Denmark | 1.44 | 2023 | +4.95% | +4.8% | View data |
