Correctional Facilities in the US - Industry Market Research Report
Description
Correctional Facilities in the US
The Correctional Facilities industry owns, manages, and leases prisons, community correctional facilities and juvenile detention centers on behalf of government agencies. Industry demand is uniquely separate from the broader economic climate, in which revenue growth is primarily influenced by crime and incarceration rates. Public opinion and its effect on government policy regarding the privatization of prisons directly affects industry demand and participation. Industry revenue is declining at an annualized 0.6% to an estimated $10.3 billion, including a fall of 0.3% in 2023 as profit reaches 9.7%.
The Correctional Facilities industry consists of operators that own or manage correctional facilities and halfway houses. Services provided by industry enterprises include private janitorial, maintenance, trash disposal, guard and security, mail routing reception, laundry and other services that support operations in correctional facilities. The industry does not include facility support services for other types of establishments, such as military bases and other government facilities.
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.
The Correctional Facilities industry owns, manages, and leases prisons, community correctional facilities and juvenile detention centers on behalf of government agencies. Industry demand is uniquely separate from the broader economic climate, in which revenue growth is primarily influenced by crime and incarceration rates. Public opinion and its effect on government policy regarding the privatization of prisons directly affects industry demand and participation. Industry revenue is declining at an annualized 0.6% to an estimated $10.3 billion, including a fall of 0.3% in 2023 as profit reaches 9.7%.
The Correctional Facilities industry consists of operators that own or manage correctional facilities and halfway houses. Services provided by industry enterprises include private janitorial, maintenance, trash disposal, guard and security, mail routing reception, laundry and other services that support operations in correctional facilities. The industry does not include facility support services for other types of establishments, such as military bases and other government facilities.
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.
Table of Contents
46 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
