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 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 10 years to 2019, the industry's contribution to the overall economy – measured by industry value added – is expected to increase 2.7% annually on average, the same growth rate as GDP during the same period. 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.
The industry has adapted to changes within the market place, and has expanded its customer base. For example, the method of training provided by this industry has changed... purchase to read more