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 Key Buyers Chapter
The Trade and Technical School industry is highly fragmented with a large number of small schools that generally specialize in a specific trade or small group of related trades. The low level of concentration is largely constrained by the nature of education services, where economies of scale are limited. IBISWorld estimates that the top three firms in this industry are expected to account for about 6.1% of industry revenue in 2014.
An estimated 66.0% of employing firms in this industry have fewer than 10 employees. Although there has been some merger and acquisition activity among medium-size and large firms in this industry, the total number of operators has increased marginally... purchase to read more