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. Nevertheless, funding is set to decline over the next five years, which may limit overall growth. While a rise in the number of students will benefit demand, colleges will require fewer mandatory tests, offsetting demand in the test preparation segment... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Tutoring and Driving Schools industry is highly fragmented with a low level of market share concentration. About 87.8% of all firms are nonemployer establishments, indicating the small scale of the average operation. Furthermore, 58.8% of employing enterprises have fewer than five employees and more than three-fourths have fewer than 10 employees. However, concentration varies between different industry segments. For example, about 50.4% of exam preparation and tutoring operators with a payroll employ between one and four people. In comparison, roughly 63.1% of driving schools employ fewer than five people.
In 2013, the four largest industry firms are estimated to account for 10.5% of industry revenue... purchase to read more