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Private Schools in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Private Schools Market Research Report | NAICS 61111b | Jan 2015

Higher education: Increasing household income and public funds will moderately boost revenue

IBISWorld’s Private Schools market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$55bn
Annual Growth 10-15
1.2%
Annual Growth 15-20
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Profit
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Employment
678,409
Businesses
28,857
Industry Analysis & Industry Trends

Revenue for the Private Schools industry is expected to increase, as the economy continues to recover. During the five years to 2015, enrollment decreased, which was a trend attributable to rising costs and competition from charter schools. However, in the next five years, household income is anticipated to increase, making it easier for families to afford private-school tuition. Additionally, enrollment declines will lesson, resulting in more stable demand for private schools... purchase to read more

Industry Report - Starting a New Business Chapter

Barriers to entry into the Private Schools industry are high. Private schooling is an industry in which it is remarkably hard for new entrants to establish themselves. Reputation is of utmost importance; it provides a name to lead a way into leading universities. By definition, a new entrant cannot offer this. Reputation is imperative to parents' decisions because the quality of education cannot be checked until well after it is complete. Reputation entrenches incumbents in the industry, as schools need to show parents a track record of admission to elite colleges and universities. For instance, Manhattan Private School Advisors, a company that assists parents in choosing schools, will only recommend schools that have at least a decade of history behind them... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Private Schools Industry?

The Private Schools industry comprises primary (kindergarten through sixth grade) and secondary (seventh through 12th grade) educational institutions that are predominantly funded through tuition fees and other private sources. Government or public agencies do not fund private schools; however, these schools may receive indirect assistance through certain programs or policies. Government-funded schools are included in the Public Schools industry (IBISWorld report 61111a).

Industry Products
Catholic schoolsOther religious schoolsSecular schools
 
Industry Activities
Teaching basic literacy and numeracy Establishing foundations in science, mathematics, geography, history and other social sciencesMeeting regulatory accreditation standardsAdministering private funding effortsProviding access to extracurricular activities


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