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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 | Mar 2014

Trade off: High unemployment is pushing people to return to school and training

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
$17bn
Annual Growth 09-14
-0.3%
Annual Growth 14-19
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Profit
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Employment
155,136
Businesses
44,305
Industry Analysis & Industry Trends

Technical and trade schools have 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. Overall revenue and online enrollment growth has caused profit margins to remain relatively strong, and an increase in online enrollment will likely drive profit growth further... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Trade and Technical Schools industry is currently moving from the growth stage of its life cycle to the mature stage. In the 10 years to 2019, the industry's contribution to the overall economy – measured by industry value added – is expected to increase 2.7% annually on average, the same growth rate as GDP during the same period. Although industry growth is expected to slow as a result of improvements in the labor market and continued competition with other education alternatives, the increasing number of online classes is expected to increase profit.

The industry has adapted to changes within the market place, and has expanded its customer base. For example, the method of training provided by this industry has changed... 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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