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Correctional Facilities in the US - Industry Market Research Report

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    Report

  • 42 Pages
  • May 2022
  • Region: United States
  • IBISWorld
  • ID: 239679
On lockdown: A paradigm shift in government policy will likely contribute to sustained industry decline

FEATURED COMPANIES

  • Corecivic Inc.
  • The Geo Group Inc

The Correctional Facilities industry owns, manages and leases prisons, community correctional facilities and juvenile detention centers on behalf of government agencies. Decreasing crime and incarceration rates, coupled with increased scrutiny in the wake of several high-profile scandals at privately operated facilities, have resulted in marginal growth rates in recent years. The industry also contends with mounting public scrutiny in the wake of several controversies surrounding the treatment of inmates. During the period, moves by the US Department of Justice (DOJ) to reauthorize the use of private prisons on the federal level and changing immigration policies under the Trump administration have increased the overall number of detained migrants, which are expected to offer private operators a boon over the five years to 2024.

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.


FEATURED COMPANIES

  • Corecivic Inc.
  • The Geo Group Inc

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

A selection of companies mentioned in this report includes:

  • Corecivic Inc.
  • The Geo Group Inc
  • Management & Training Corp.

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