Overview

Higher education: Improving household income and school-choice credits will aid revenue

IBISWorld’s Private Schools 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
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$57bn
Annual Growth
11-16
0.4%
Annual Growth
16-21
Profit
Employment
677,898
Business
34,949

Industry Threats & Opportunities

  • Mounting competition from charter schools has hampered industry growth
  • Despite numerous states’ efforts, private-school enrollment has steadily declined
  • Vouchers will likely lead to greater state regulation of private schools because they use public funds

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    Industry Analysis & Industry Trends

    The Private Schools industry comprises independently funded primary and secondary educational institutions. As a result of decreasing enrollment and higher tuition, revenue is expected to remain relatively flat in in the five years to 2016. Mounting competition from charter schools and an unstable economy are largely the cause of this industry's slow growth. To compensate for lowered enrollment, private schools have opted to increase tuition; nevertheless, these tuition increases were barely enough to offset rising operating costs, tempering industry profitability. Uncertain household income levels also weigh on the industry because it is difficult for families to afford higher tuition costs during times of fiscal uncertainty...

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    Industry Report - Industry Products Chapter

    Private schools can be broadly segmented into Catholic schools, other religious schools and secular schools. More than 95.7% of private schools are co-educational, 2.4% are all-boys schools and the remaining 1.9% are all-girls schools. Most private schools are relatively small. 82.7% of schools have fewer than 150 students enrolled and 32.8% have fewer than 50 students enrolled.

    Catholic schools

    Catholic schools can be broken down into parochial, diocesan and private, depending on the source of their funding. Catholic schools are estimated to account for 27.1% of industry revenue, but 42.2% of total enrollment. The disparity between revenue and enrollment is due to Catholic schools' low tuition fees. Acc..

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    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 Government funding for primary and secondary education and Number of K-12 students in the Private Schools industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Private Schools Industry?

    The Private Schools industry is composed of primary (kindergarten through sixth grade) and secondary (seventh through 12th grade) educational institutions that are predominantly funded through tuition fees and other private sources. Government or public agencies do not fund private schools; however, these schools may receive indirect assistance through certain programs or policies. 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
  • Government funding for primary and secondary education
  • Number of K-12 students
  • High school retention rate
  • Households earning more than $100,000

  • Current Performance
  • New funding options
  • Declining enrollment
  • Catholic schools
  • Chart: Revenue Growth

  • Industry Outlook
  • Mounting regulation
  • Limited enrollment
  • Catholic schools and 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
  • 5th and 6th grade students
  • 7th and 8th grade students
  • 11th and 12th grade students
  • 1st and 2nd grade students
  • 3rd and 4th 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
  • Profit
  • Wages
  • Rent and utilities
  • Depreciation
  • Purchases
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Private Schools

  • Basis of Competition
  • Internal competition
  • External 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 (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of K-12 Students (2007-2021)

  • 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.

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