Dean's list: Growing rates of high school retention will keep college enrollment strong

Recovering funding levels, along with enrollment and tuition increases, are projected to drive industry revenue growth. However, despite overall growth, the industry has been slow to recover fully from the weak economic climate in the beginning of the period. Over the five years to 2022, demand for higher education is expected to remain strong, leading to steady industry growth. Moreover, government funding for universities is projected to rebound in coming years, while rising levels of per capita disposable income and strong high school retention rates will push more students to enroll in colleges and universities...purchase to read more.

Industry Statistics & Market Size
Revenue
$463bn
Annual Growth 12-17
3.0%
Forecast Growth 17-22
Profit
Employment
2.9m
Businesses
2,348
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Rising levels of disposable income and strong high school retention rates will push more students to enroll in colleges and universities
  • Many operators implemented salary freezes and transitioned toward part-time faculty to reduce operating expenses
  • Universities and colleges will likely make education more accessible to international students
  • Industry Report - Industry Key Buyers Chapter

    The Colleges and Universities industry exhibits a low level of concentration, as the industry's four largest players are estimated to account for less than 10.0% of total industry revenue in 2017. This industry is also highly fragmented, as there are an estimated 2,348 four-year college facilities in the United States in 2017. Moreover, new universities emerge every year, and it is highly uncommon for industry institutions to exit the market, since most universities are not driven by profit and can continue to operate even when experiencing budget problems. Consolidations in the industry are also infrequent, because universities value their academic culture, tradition and independence. As ...purchase to read more.

    Additional Insights for the Colleges & Universities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Colleges & Universities Industry are

  • Experienced professors
  • Ability to take advantage of government subsidies and other grants
  • Ability to respond to students' needs
  • IBISWorld analysts also discuss how external factors such as Number of college students and S&P 500 in the Colleges & Universities industry impact industry performance..

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    What's in this report

    What is the Colleges & Universities Industry?

    This industry includes public and private universities and colleges that offer academic courses and grant baccalaureate or graduate degrees. The requirement for admission is a high school diploma or equivalent general academic training. Instruction is typically provided on physical campuses, although online education and other unorthodox settings are gaining popularity. This industry does not include for-profit institutions or community colleges.

    Industry Products
  • Bachelor's degrees
  • Master's degrees
  • Professional doctorate degrees
  • Research doctorate degrees
  • Industry Activities
  • Providing higher education at colleges (except community colleges)
  • Providing higher education at universities
  • Providing higher education at theological seminaries offering baccalaureate or graduate degrees
  • Providing higher education at professional schools (e.g. business administration, dental, law and medical)
  • Providing higher education at college level military academies
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of college students
  • S&P 500
  • Government funding for universities
  • High school retention rate
  • National unemployment rate

  • Current Performance
  • Funding trends
  • Tuition and enrollment hikes
  • Chart: Revenue Growth

  • Industry Outlook
  • Costs and competition
  • Budget cuts and new technology
  • Table: Colleges & Universities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Colleges & Universities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information
  • Professional, Scientific and Technical Services
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Book, Magazine & Newspaper Wholesaling
  • Caterers
  • Computer Manufacturing
  • Computer Peripheral Manufacturing
  • Janitorial Services
  • Office Stationery Wholesaling

  • Products & Services
  • Bachelor's degrees
  • Master's degrees
  • Professional doctorate degrees
  • Research doctorate degrees
  • Chart: Colleges & Universities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Students aged 18 to 21
  • Students aged 22 to 29
  • Students aged 30 and older
  • Students aged 17 and younger
  • Chart: Major Market Segmentation for the Colleges & Universities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Colleges & Universities

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Colleges & Universities Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Colleges & Universities Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Colleges & Universities Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Enrollment in Industry Institutions (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Endowment
  • The sum of money and other assets that have been donated to an institution. These funds are typically used in financial investments to yield additional income.
  • General Educational Development (Ged)
  • Tests that certify the taker has high school-level academic skills.
  • Massive Open Online Course (Mooc)
  • An online course aimed at unlimited participation and open access via the internet.
  • Title Iv Programs
  • Programs authorized under Title IV of the Higher Education Act that are the major source of federal student aid. They include loans, grants and federal work-study programs.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Colleges & Universities provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Colleges & Universities:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Colleges & Universities market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Colleges & Universities, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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