NEW YORK, Dec. 7, 2016 /PRNewswire/ -- The Bail Bond Services industry has grown steadily over the past five years. IBISWorld expects industry revenue to increase at an annualized rate of 2.7% to $2.4 billion over the five years to 2016, including a 0.2% decrease over this year as the crime rate falls.

For the full report, visit IBISWorld's Bail Bond Services in the U.S. industry report page.

The Bail Bond Services industry is in the business of posting bail for individuals who are unable to pay their own bail. Bail bondsmen, who work as bail agents of insurance underwriters, usually charge a premium of about 10.0% of the face value of the bond they write. Bail bondsmen are responsible for paying the full value of the bail bond in case an individual skips their court hearing, thus, assuming most of the risk of posting bail for someone else.

According to IBISWorld Industry Analyst Kelsey O'Hollaren, "This industry is being increasingly viewed as exploitative and social movements are developing to limit commercial bail activities." However, the industry has a strong lobby that tries to prevent external competition for this industry from growing. Many lobbyists are trying to prevent obligatory access to state-provided pretrial services because they eat into the industry's revenue. Given these challenges, industry revenue is projected to expand over the five years to 2016 and then remain relatively stagnant over the five years to 2021, growing at an estimated annualized rate of 0.2%.

Similar industries:
Life Insurance & Annuities 
Insurance Brokers & Agencies 

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld 
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld Industry Report Key Topics

Industry Performance
Products & Markets
Globalization & Trade
Major Companies
Operating Conditions
Key Statistics

About IBISWorld Inc.
Recognized as the nation's most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every U.S. industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. For more information, visit www.ibisworld.com or call 1-800-330-3772.

Contact Information
Kathryn White
Media Relations Specialist
Kathryn.white@ibisworld.com
+1 917-267-0351 Ext: 351

Logo - http://photos.prnewswire.com/prnh/20161108/437083LOGO

SOURCE IBISWorld

Related Links

http://www.ibisworld.com