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 SWOT Analysis Chapter
The Tutoring & Test Preparation Franchises industry is in the growth stage of its life cycle. During the ten years to 2020, industry value added (IVA), which measures the industry's contribution to overall economic growth, is expected to expand at an average annual rate of 3.5%. 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 0.3% to more than 55.6 million during the next five years... purchase to read more