SEARCH   
MEMBER LOGIN    

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

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
$17bn
Annual Growth 09-14
-0.3%
Annual Growth 14-19
Add to Cart
Profit
Add to Cart
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 - Starting a New Business Chapter

Capital costs can be a barrier to entry, depending on the segment that a prospective operator is considering. For example, the cost of setting up an aviation school is high due to the range of expensive equipment required to provide training. The cost of establishing a business in hairdressing is much lower by comparison. Similarly, technical training institutes tend to have the latest technology used by the industry. Therefore the startup costs for these operations are higher than the industry average.

Reputation is essential, and therefore new schools may face some difficulties in attracting students. Schools generally need to have a solid reputation for quality of training provided and connections with possible employers, which may take some time to establish... 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


View Sample
Quote
Select Clients