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 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. The higher disposable income in the Mid-Atlantic accounts for the 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