Industry Analysis & Industry Trends
Learning by example
Technical and trade schools have thrived in the current economic downturn and will continue this growth over the next five years. High unemployment has caused individuals to seek out further education, while employers are increasing their training requirements to remain competitive. The increasing popularity of online courses will also contribute to revenue growth over the period... purchase to read more
Industry Report - Industry Analysis Chapter
The Trade and Technical Schools industry's growth was relatively strong following the recession. While downstream demand for certain trades has weakened, the recession hurt the industry itself only marginally, if at all. In fact, many workers have felt it necessary to acquire further training to improve their employment prospects.
Demand for skilled workers across many trades has increased, and the general level of educational participation and post-secondary educational has also risen. Consequently, IBISWorld estimates that industry revenue has increased at an annualized rate of 1.0% to $15.8 billion in the five years to 2013. In spite of this, increased regulation of the for-profit sector has diminished the ability of many operators to market their institutions... purchase to read more