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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 | Mar 2014

Trade off: High unemployment is pushing people to return to school and training

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
Revenue
$17bn
Annual Growth 09-14
-0.3%
Annual Growth 14-19
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Profit
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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 - Industry Investment Chapter

As with most industries in the education sector, the level of capital intensity for the industry is generally low. Accounting for 33.3% of industry revenue, wages represent the primary expense for most industry providers as most instructors are skilled and trained and most teaching is done on a face-to-face basis. This percentage includes wages for employees teaching classes, developing courses, and carrying out administrative and management duties.

The level of capital intensity varies considerably between segments of the industry. For example, flight training schools provide an exception to the rule of high labor intensity. These schools use expensive equipment in training, such as flight simulators, which increases the capital investment required by this segment... 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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