Overview

Get schooled: As the US economy continues to expand, the industry will experience modest but steady growth

The Private Schools industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$69bn
Annual Growth
12-17
2.1%
Annual Growth
17-22
Profit
Employment
737,833
Business
32,734

Industry Threats & Opportunities

  • Mounting competition from charter schools has hampered industry growth
  • Despite a wide variety of school-choice initiatives, private school enrollment has steadily declined
  • A variety of macroeconomic conditions are projected to bolster demand for private schools
  • Industry Analysis & Industry Trends

    Over the five years to 2017, industry operators have benefited from rising income levels and growth in the percentage of households earning more than $100,000 each year, both of which have enabled consumers to afford the industry's rising tuition rates. Though total enrollment in industry institutions has declined consistently over the past decade, substantial growth in average tuition rates has significantly bolstered industry revenue growth. Over the five years to 2022, as economic conditions continue to improve, household income levels are expected to increase, making it easier for families to afford private school tuition. Industry institutions are also forecast to continue raising tuition to sustain revenue.

    Industry Report - Industry Analysis Chapter

    Over the five years to 2017, the Private Schools industry has expanded as substantial tuition hikes have mitigated the negative effects of declining student enrollment. According to a National Assessment of Educational Progress study, private schools often outperform public schools in achievement tests and provide safe, relatively advanced facilities. However, these offerings come at an increasingly high price. IBISWorld estimates that private school tuition has increased at an annualized rate of 4.4% over the five years to 2017, generating substantial revenue per pupil for industry operators. Add

    Additional Insights for the Private Schools Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Private Schools Industry are

  • Ability to attract local support/patronage
  • Ability to take advantage of government subsidies and other grants
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Number of K-12 students and High school retention rate in the Private Schools industry impact industry performance..

    shopping_cartVIEW PURCHASE OPTIONS

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Private Schools Industry?

    The Private Schools industry comprises primary (kindergarten through sixth grade) and secondary (seventh through 12th grade) educational institutions that are predominantly funded through tuition fees and other private sources. While these schools may receive indirect government funding through special programs, these sources of income constitute a small portion of industry revenue. Government-funded schools are included in the Public Schools industry (IBISWorld report 61111a).

    Industry Products
    Catholic schools
    Other religious schools
    Secular schools
    Industry Activities
    Teaching basic literacy and numeracy
    Establishing foundations in science, mathematics, geography, history and other social sciences
    Meeting regulatory accreditation standards
    Administering private funding efforts
    Providing access to extracurricular activities

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Number of K-12 students
  • High school retention rate
  • Households earning more than $100,000
  • Government funding for primary and secondary education

  • Current Performance
  • New funding options
  • Declining enrollment
  • Industry landscape
  • Chart: Revenue Growth

  • Industry Outlook
  • Limited enrollment
  • Mounting regulation
  • Industry structure
  • Table: Private Schools Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Private Schools Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Musical Groups & Artists
  • Other Performing Arts Companies
  • Religious Organizations
  • Civic, Social & Youth Organizations
  • Consumers

  • Key Selling Industries
  • Book, Magazine & Newspaper Wholesaling
  • Computer & Packaged Software Wholesaling
  • Food Service Contractors
  • Household Furniture Manufacturing
  • Janitorial Services
  • Laboratory Supply Wholesaling
  • Landscaping Services
  • Municipal Building Construction
  • Office Stationery Manufacturing
  • Public School Bus Services

  • Products & Services
  • Secular schools
  • Other religious schools
  • Catholic schools
  • Chart: Private Schools Industry Products and Services Segmentation

  • Demand Determinants
  • Cost
  • Quality

  • Major Markets
  • 9th and 10th grade students
  • 11th and 12th grade students
  • 7th and 8th grade students
  • 5th and 6th grade students
  • 3rd and 4th grade students
  • 1st and 2nd grade students
  • Kindergarten students
  • Chart: Major Market Segmentation for the Private Schools Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesRent and utilitiesDepreciationPurchasesOther
  • Chart: Cost Structure Benchmarking – Sector vs Private Schools

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Private Schools Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Private Schools Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Private Schools Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of K-12 Students (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Charter School
  • An independent public school designed by educators, parents, community leaders, educational entrepreneurs and others who want to provide quality education tailored to student need.
  • Magnet School
  • A school that focuses on a particular discipline, such as science, mathematics, arts or computer science. It is designed to recruit students from other parts of the school district.
  • No Child Left Behind
  • A law signed into effect by President Bush in 2002 setting performance guidelines for all schools' students and stipulating what must be included in accountability reports to parents.
  • Nonsectarian
  • A school that is not affiliated with any particular religion or belief.
  • Parochial School
  • A primary or secondary school supported by a religious organization.
  • Why buy this report?

    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 Private Schools:
    • 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 Private Schools 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 Private Schools, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Join IBISWorld today

    Contact Us

    Want to speak to a representative? Call us.

    clear