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 2019, 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 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 businesses 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 instance, 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 2014, the four largest industry operators are estimated to account for 10.0% of industry revenue... purchase to read more