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Trade & Technical Schools in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Trade & Technical Schools Market Research Report | NAICS 61151 | Sep 2014

Trade off: Increasing university costs and the changing labor market will propel industry demand

IBISWorld’s Trade & Technical Schools market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 09-14
-0.2%
Annual Growth 14-19
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Profit
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Employment
132,494
Businesses
6,835
Industry Analysis & Industry Trends

The Trade and Technical Schools industry has experienced fluctuations during the past five years, largely due to the recession and stagnant growth in federal funding. High unemployment has caused individuals to seek out further education, while employers are increasing their training requirements to remain competitive. In the five years to 2019, sustained unemployment and government funding for universities, combined with the increasing tuition of four-year colleges, will boost enrollment in vocational training... purchase to read more

Industry Report - Industry Locations Chapter

The geographic spread of technical and trade schools in the United States is generally consistent with each region's population share. More populated regions are likely to have higher numbers of students, as well as a greater number of prospective jobs. The proportion of regional establishments to regional revenue is also fairly constant among the regions.

Technical and trade schools generally require a large amount of hands-on training, so schools tend to compete for students within their local area. However, this bases of competition is becoming less important as online education becomes more readily available, continuing into the next five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Trade & Technical Schools Industry?

This industry includes schools that offer vocational and technical training in a variety of technical subjects and trades. Training often leads to job-specific certification. Instruction may be provided in diverse settings, such as the company's training facilities, the workplace, the home or through distance-learning methods. Major segments include cosmetology and barber schools, flight training, apprenticeship training and other technical training.

Industry Products
Cosmetology and barber schoolsFlight training programsApprenticeship training programsOther professional development programsHealthcare training programsManagement training programs
 
Industry Activities
Barber collegesBeauty schoolsFlight training schoolsApprenticeship training programsCommercial or graphic art schoolsBartending schoolsElectronic equipment repair training schoolsFirefighter training schoolsMedical technician schoolsReal estate schools


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