2013-01-21 07:53:01 - Bail Bond Services in the US - Industry Market Research Report - a new market research report on companiesandmarkets.com
Bail Bond ServicesAfter facing significant setbacks in the past five years, the industry is poised for recovery as cyclical economic factors aid bail bond operators. The personal savings rate shot up during the recession, hampering industry revenue as consumers paid bail out-of-pocket instead of using bail bond agents. Over the next five years, consumers are anticipated to save less and credit card interest rates will rise, boosting industry demand. Legislation threatens growth, however, as some states limit or ban bail bond services.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.
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