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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Products Chapter

The Trade and Technical Schools industry provides training for a wide variety of careers, from culinary art to plumbing. Consequently, a large percentage of revenue is generated through miscellaneous activities.

The distribution of revenue and establishment varies widely among service segments. A segment's share of revenue is influenced by the cost of the training provided, rather than the number of campuses that provide that particular program. For example, flight-training schools are estimated to represent less than 10.0% of employing establishments; however, the high cost of the training means that they generate 20.4% of industry revenue. Similarly, cosmetology and barber schools represent 21.0% of establishments, yet they earn just 11.3% of industry revenue... 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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