Market Overview:
The global tenant screening services market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for safe and secure housing, rising awareness about tenant screening services, and growing number of small and medium-sized agencies. Based on type, the global tenant screening services market is segmented into instant credit check, tenant suitability check, full income verification, landlord referencing, and right-to-rent checks. The instant credit check segment is expected to account for the largest share of the global market in 2018. This can be attributed to its growing popularity among tenants as it offers quick results without any delay. Based on application, the global tenant screening services market is segmented into large agencies and small and medium agencies.
Product Definition:
Tenant screening services are a process by which a landlord or property manager checks the credit, criminal, and rental history of a potential tenant. This is often done to ensure that the potential tenant is qualified and will be able to pay rent on time.
Instant Credit Check:
Instant credit check is a service that allows potential tenants to obtain pre-screened financing for their rental properties without having to sell the property. The service saves time and reduces costs by eliminating paperwork, legal fees, notarizations, and other delays associated with traditional lending processes. Instant Credit Check provides an easy-to-use platform for Landlords and Tenants while protecting both parties from fraudulent activity.
Tenant Suitability Check:
The tenant suitability check is a process that is used to determine the compatibility of a person with an apartment or house. It also helps in screening tenants based on the information provided by them during the screening process. The tenant suitability check includes analyzing information such as rental history, credit score, criminal record, and employment history among others. This analysis helps in determining whether or not the prospective tenants are likely to be good fits for a property based on their past behavior and actions.
Application Insights:
Large agencies held the largest market share of more than 60% in 2017. Large agencies are those that have a large number of tenancies and offer tenant screening services to their landlords. These agencies offer landlord referencing, background checks, credit reports and other similar services on a periodic or ad-hoc basis to various clients including property management companies, owners/investors and mortgage lenders.
The application segment has been further categorized into small & medium sized rental housing organizations (less than 10 properties), large rental housing organizations (10 properties or more) and others which includes government departments/agencies/organizations etc.
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing cases of fraud, rising tenant demand for rental history verification, and government initiatives encouraging financial institutions to implement these services. For instance, in January 2018, Equifax Inc., a U.S.-based credit reporting agency was ordered by a federal judge to undertake tenant screening checks for all its mortgage clients against possible discrimination claims arising from discriminatory language used in credit reports it provides on behalf of itself and other major lenders including Wells Fargo & Co., Bank Of America Corp., and Citigroup Inc.
Asia Pacific is expected to witness significant growth over the forecast period owing to growing awareness among consumers regarding potential risks associated with tenancy applications made online or through third parties as well as an increase in disposable income levels resulting into higher spending capacity within economies like China.
Growth Factors:
- Increasing demand for safe and secure living spaces
- Rapid growth of the rental housing market
- Proliferation of online tenant screening services
- Growing awareness about the benefits of tenant screening services
- Rising demand for background checks
Scope Of The Report
Report Attributes
Report Details
Report Title
Tenant Screening Services Market Research Report
By Type
Instant Credit Check, Tenant Suitability Check, Full Income Verification, Landlord Referencing, Right-To-Rent Checks
By Application
Large Agencies, Small and Medium Agencies
By Companies
Apartment Services Plus/ASP Screening, Landlord Protection Agency, Multi-Housing Credit Control, Rental History Reports, Rental Research Services, Renters Acceptance, Tenant Check
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Tenant Screening Services Market Report Segments:
The global Tenant Screening Services market is segmented on the basis of:
Types
Instant Credit Check, Tenant Suitability Check, Full Income Verification, Landlord Referencing, Right-To-Rent Checks
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Agencies, Small and Medium Agencies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Apartment Services Plus/ASP Screening
- Landlord Protection Agency
- Multi-Housing Credit Control
- Rental History Reports
- Rental Research Services
- Renters Acceptance
- Tenant Check
Highlights of The Tenant Screening Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Instant Credit Check
- Tenant Suitability Check
- Full Income Verification
- Landlord Referencing
- Right-To-Rent Checks
- By Application:
- Large Agencies
- Small and Medium Agencies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Tenant Screening Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Tenant screening services are a type of security service that help landlords screen potential tenants before they move in to an apartment or house. This can help landlords avoid problems with troublesome tenants, and it can also protect the property from theft and other crimes.
Some of the major companies in the tenant screening services market are Apartment Services Plus/ASP Screening, Landlord Protection Agency, Multi-Housing Credit Control, Rental History Reports, Rental Research Services, Renters Acceptance, Tenant Check.
The tenant screening services market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tenant Screening Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Tenant Screening Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tenant Screening Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Tenant Screening Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Tenant Screening Services Market Size & Forecast, 2020-2028
4.5.1 Tenant Screening Services Market Size and Y-o-Y Growth
4.5.2 Tenant Screening Services Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Instant Credit Check
5.2.2 Tenant Suitability Check
5.2.3 Full Income Verification
5.2.4 Landlord Referencing
5.2.5 Right-To-Rent Checks
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Large Agencies
6.2.2 Small and Medium Agencies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tenant Screening Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Tenant Screening Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Instant Credit Check
9.6.2 Tenant Suitability Check
9.6.3 Full Income Verification
9.6.4 Landlord Referencing
9.6.5 Right-To-Rent Checks
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Large Agencies
9.10.2 Small and Medium Agencies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Instant Credit Check
10.6.2 Tenant Suitability Check
10.6.3 Full Income Verification
10.6.4 Landlord Referencing
10.6.5 Right-To-Rent Checks
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Large Agencies
10.10.2 Small and Medium Agencies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Instant Credit Check
11.6.2 Tenant Suitability Check
11.6.3 Full Income Verification
11.6.4 Landlord Referencing
11.6.5 Right-To-Rent Checks
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Large Agencies
11.10.2 Small and Medium Agencies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Instant Credit Check
12.6.2 Tenant Suitability Check
12.6.3 Full Income Verification
12.6.4 Landlord Referencing
12.6.5 Right-To-Rent Checks
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Large Agencies
12.10.2 Small and Medium Agencies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Instant Credit Check
13.6.2 Tenant Suitability Check
13.6.3 Full Income Verification
13.6.4 Landlord Referencing
13.6.5 Right-To-Rent Checks
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Large Agencies
13.10.2 Small and Medium Agencies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Tenant Screening Services Market: Competitive Dashboard
14.2 Global Tenant Screening Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Apartment Services Plus/ASP Screening
14.3.2 Landlord Protection Agency
14.3.3 Multi-Housing Credit Control
14.3.4 Rental History Reports
14.3.5 Rental Research Services
14.3.6 Renters Acceptance
14.3.7 Tenant Check
