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 Locations Chapter
The geographic spread of this industry is consistent with the population distribution in the United States; establishments are generally located in heavily populated regions. Industry firms tend to be located closer to areas with many academic institutions. The highest concentrations of establishments are in the West and Mid-Atlantic regions.
Demand for tutoring and test preparation is also influenced by per capita disposable income. Thus, more establishments are located in areas with higher disposable income. Higher disposable income in the Mid-Atlantic contributes to a larger concentration of industry revenue in the region. The region accounts for 24.3% and 19.2% of revenue and establishments, respectively... purchase to read more