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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 | Mar 2013

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

IBISWorld’s Tutoring & Test Preparation Franchises market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Kumon North America Inc. Kumon North America Inc. market share
Industry Statistics & Market Size
Revenue
$840m
Annual Growth 08-13
-0.2%
Annual Growth 13-18
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Profit
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Employment
115,134
Businesses
56
Industry Analysis & Industry Trends

Many online businesses have developed convenient tools and programs for students as a substitute for industry services. 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 next five years, the industry will benefit from rising employment, school enrollment, government funding and disposable income. Nonetheless, competition from online-only services will still represent a challenge.... purchase to read more

Industry Report - Industry Analysis Chapter

Escalating competition from online services and low employment have hampered industry growth since the Great Recession. During this time, employment declines resulted in more free time for students to study on their own, and allowed parents to help their children study, which diminished demand for industry services. Anemic employment also resulted in low disposable income and dented consumer spending, especially on high-end personalized industry services. IBISWorld expects that revenue for the Tutoring and Testing Preparation Franchises industry has declined at a 0.2% annualized rate to $840.4 million during the five years to 2013.

Competition squeeze

The industry has faced escalating competition from online tutoring and test preparation services... 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, as well as revenue from publishing, are excluded from this industry.

Industry Products
Exam preparationTutoring
 
Industry Activities
TutoringExam preparation


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