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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 | Oct 2014

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

IBISWorld’s Private Schools market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$54bn
Annual Growth 09-14
0.1%
Annual Growth 14-19
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Profit
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Employment
508,758
Businesses
29,089
Industry Analysis & Industry Trends

Operators in the Private Schools industry are adjusting to steadily declining enrollment levels and increasing competition. Due to continued drops in enrollment, mounting competition from charter schools and the poor economy, revenue is expected to grow only slightly in the five years to 2014. However, as the economy recovers over the next five years, household income will increase and government funding will become more readily available, leading to slow, steady growth. Additionally, the number of enrolled students is forecast to increase and the high school retention rate is expected to grow slowly... 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 after it is consumed. 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, they 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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