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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 - Industry SWOT Analysis Chapter

The Private Schools industry is expected to grow at a slower rate than the overall economy during the 10 years to 2020. Industry value added, which measures this industry's contribution to the economy, is anticipated to increase at an annualized 1.0% during the 10-year period. In comparison, US GDP is forecast to grow at an average annual rate of 2.5% over the same period. Typically, an industry whose growth falls below the GDP is considered to be in a declining phase of its life cycle. However, although enrollment has steadily fallen, IBISWorld expects it to be a temporary trend. There will always be some demand for private school education, especially for schools with well-established reputations... 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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