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Tutoring & Test Preparation Franchises in the US: Market Research Report

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

Tutoring & Test Preparation Franchises Market Research Report | Business Franchises | Personal Service Franchises | Jul 2014

Extra credit: Operators will focus on providing highly qualified staff to combat rising competition

The Tutoring & Test Preparation Franchises market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Kumon North America Inc. Kumon North America Inc. market share
Industry Statistics & Market Size
Revenue
$861m
Annual Growth 09-14
0.3%
Annual Growth 14-19
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Profit
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Employment
53,436
Businesses
1,254
Industry Analysis & Industry Trends

Many online businesses have developed convenient tools and programs for students as a substitute for services provided by the Tutoring and Test Preparation Franchises. Low employment has further depressed consumer spending on tutoring and test preparation. To attract clients, industry franchises have spent an increasing proportion of revenue on high-quality teachers and marketing, which have caused costs to skyrocket and hurt profitability. In the five years to 2019, the industry will benefit from rising employment, school enrollment, government funding and disposable income. Nonetheless, competition from online-only services will continue to remain a challenge.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Tutoring & Test Preparation Franchises industry is in the growth stage of its life cycle. During the ten years to 2019, industry value added (IVA), which measures the industry's contribution to overall economic growth, is expected to expand at an average annual rate of 4.0%. Gross domestic product, meanwhile, is projected to grow at an annualized rate of 2.5% over the same period, indicating that the industry is expanding at a faster rate than the overall economy.

The market for industry services is expanding as student enrollment rises in primary and secondary education. For example, K-12 students, the largest market for industry services, are expected to grow at an average annual rate of 0.7% to more than 57.5 million during the next five years... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Tutoring & Test Preparation Franchises Industry?

This industry offers exam preparation and tutoring services. Academic schools, colleges and universities are excluded, as are schools that offer instruction in business, driving, management, computers, technical and trade areas, fine arts, athletics and languages. Online-only operators are excluded from this industry.

Industry Products
Exam preparationTutoring
 
Industry Activities
TutoringExam preparation


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