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 2015

Trade off: Increasing university costs and the changing labor market will propel industry demand

IBISWorld’s Trade & Technical Schools market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 2020, 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 Analysis Chapter

The Trade and Technical Schools industry operates in a countercyclical manner. Industry revenue grew significantly as a result of the recession, but suffered subsequently. The recession helped grow the industry as many workers felt it necessary to acquire further training to improve their employment prospects. As national unemployment decreased following the recession, industry revenue contracted as well.

While downstream demand for certain trades has weakened, demand for skilled workers across many trades has increased; the general level of educational participation and postsecondary education has also risen... 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 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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