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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 | Sep 2014

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

IBISWorld’s Trade & Technical Schools market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$14bn
Annual Growth 09-14
-0.2%
Annual Growth 14-19
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Profit
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Employment
132,494
Businesses
6,835
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 Key Buyers Chapter

The Trade and Technical School industry is highly fragmented with a large number of small schools that generally specialize in a specific trade or small group of related trades. The low level of concentration is largely constrained by the nature of education services, where economies of scale are limited. IBISWorld estimates that the top three firms in this industry are expected to account for about 6.1% of industry revenue in 2014.

An estimated 66.0% of employing firms in this industry have fewer than 10 employees. Although there has been some merger and acquisition activity among medium-size and large firms in this industry, the total number of operators has increased marginally... 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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