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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 Analysis Chapter

A weak economic environment, coupled with escalating competition from online tutoring and test preparation, has hampered industry growth since the recession. During the past five years, the high unemployment rate, which peaked at 10.6% in 2010, diminished demand for industry services, as students unable to find work found more free time to study on their own and unemployed adults had more time to help their children study. Furthermore, anemic employment growth undermined disposable income and negatively impacted consumer spending, especially on personalized industry services. However, continued concerns about the quality of public education and a temporary increase in federal funding prevented industry revenue from declining more severely during the period... 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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