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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 | Feb 2016

Trade off: Increasing university costs and declining unemployment will lower industry demand

The Trade & Technical Schools market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 11-16
-1.1%
Annual Growth 16-21
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Profit
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Employment
127,260
Businesses
7,070
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 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 ten years to 2021, the industry's contribution to the overall economy – measured by industry value added – is expected to grow by an annualized 0.3%, while overall GDP expands by an annualized 2.3%. Such weak growth is largely due to the severe decline in revenue that the industry has experienced over the past five years as unemployment declined and potential students returned to the job market. 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... 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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