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