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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

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
$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 - Starting a New Business Chapter

The Tutoring and Test Preparation Franchises industry has low barriers to entry. The most significant barrier to entry is competition among industry firms that already have an established reputation for quality. Franchises in this industry rely on their name brand and reputation to attract students investing in their education. However, individual operators are able purchase franchise rights with relative ease and are able to benefit from the company's established reputation as a result.

Capital investment required to start a tutoring or test preparation franchise is relatively low. Besides spending on rent and utilities, as well as the purchase of some computer equipment and software, the majority of industry costs are related to wages... 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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