Industry Analysis & Industry Trends
The Trade and Technical Schools industry has experienced fluctuations over 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 2021, decreasing unemployment rates combined with the increasing tuition of four-year colleges, will both boost enrollment in vocational training, and hamper industry growth... 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. On average, an industry operator employs 12 workers at a given time.
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