Industry Analysis & Industry Trends
Funding under the No Child Left Behind (NCLB) program and greater competition among high school students for college admission have boosted demand for tutoring and test preparation services. In the five years to 2020, the tutoring and test preparation segment will continue to lead the industry's performance, but the trend of more students enrolling in discretionary services will likely boost revenue. Additionally, improving per capita disposable income will support this segment's recovery. However, profit growth will be hampered by a growing number of online competitors, which will significantly contribute to price competition... purchase to read more
Industry Report - Industry Products Chapter
The Tutoring and Driving Schools industry provides a wide variety of educational instruction. In addition to exam preparation, tutoring and driving schools, other classes, such as yoga and self-defense, are also included in this industry. Furthermore, industry operators have increased adoption of online tutoring platforms over the past five years. Online tutoring allows for more personalized instruction and flexible schedules. Additionally, students can receive on-demand help and instruction. Online tutoring is anticipated to grow strongly over the next five years.
IBISWorld estimates that the exam preparation segment accounts for 44.5% of industry revenue and 32.8% of total industry establishments... purchase to read more