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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 | Jun 2016

Higher education: Improving household income and school-choice credits will aid industry 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
$57bn
Annual Growth 11-16
0.4%
Annual Growth 16-21
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Profit
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Employment
677,898
Businesses
30,405
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 2016, 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 2021. Industry value added, which measures this industry's contribution to the economy, is anticipated to increase at an annualized rate of 0.2% during the 10-year period. In comparison, US GDP is forecast to grow at an average annual rate of 2.1% over the same period. Typically, an industry with growth that 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 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 is composed of 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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