Industry Analysis & Industry Trends
The poor economic environment has hampered demand for the Tutoring and Test Preparation Franchises industry over the past five years. Despite a growing number of primary school and college students, demand for industry services was undermined by a high unemployment rate and low disposable income. In the coming years, industry growth is expected to strengthen as the economy improves. In addition to substantial disposable income growth, which is expected to make industry services more affordable for consumers, the industry will continue to benefit from expanding markets, particularly burgeoning college enrollment.... purchase to read more
Industry Report - Industry Products Chapter
Accounting for about 35.0% of industry revenue, exam preparation services include preparation for college entrance exams and professional examinations. During the past five years, this segment has grown as a percentage of industry revenue as an increasing number of students prepare for standardized testing and compete for college admission. K-12 students generally use exam preparation services for the SATs, ACTs and other placement exams for college classes. College students use industry services for graduate school admissions exams such as the GMAT, LSAT and MCAT exams.
Tutoring services represent the largest percentage of industry revenue at 65.0%... purchase to read more