The turnover in the activities of collection agencies and credit bureaus in Germany is projected to steadily rise from €5.14 billion in 2024 to €5.49 billion in 2028. In 2023, the turnover stood at approximately €5.06 billion. The forecasts suggest a consistent annual increase, showing a healthy growth trend in this sector. Year-on-year percentage increases are expected to be modest, pointing to stable but gradual expansion over the next few years. The compound annual growth rate (CAGR) from 2023 to 2028 is estimated to be around 1.64%.
Future trends to watch for include:
- Impact of digitalization on credit assessment processes.
- Regulatory changes influencing operational practices.
- Economic factors affecting consumer credit demand and repayment capabilities.
