The Bail Bond Services industry has grown steadily over the past five years. Over the next five years, regulation is expected to hamper industry revenue growth and cut into profit margins. However, revenue is still anticipated to increase, albeit at a slower pace than the previous five-year period. A relatively stagnant poverty rate and a declining personal savings rate is expected to improve this industry's prospects as people continue to struggle to post bail themselves.
This industry provides security bonds backed by insurance companies that cover the risk involved in releasing a defendant in judicial custody until a trial's conclusion. Bail bond agents guarantee payment of the full amount of the bond if the defendant fails to appear for their scheduled court appearance. Insurance companies that underwrite bond contracts are not included in this industry.
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.