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 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 operators in this industry are expected to account for 5.3% of industry revenue in 2016.
An estimated 66.9% of employing companies in this industry have fewer than 10 employees. Although there has been some merger and acquisition activity among medium-size and large operators in this industry, the total number of establishments has increased marginally... purchase to read more