Overview

Trade off: Increasing university costs and declining unemployment will lower industry demand

IBISWorld’s Trade & Technical Schools market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth
11-16
-1.1%
Annual Growth
16-21
Profit
Employment
127,260
Business
8,876

Industry Threats & Opportunities

  • Decreasing unemployment has caused profit margins to dwindle
  • Even as unemployment decreases, many schools now offer the possibility to remain in school while employed
  • A greater number of employers require new employees to hold formal certifications

  • shopping_cartBUY NOW TO READ MORE

    Industry Analysis & Industry Trends

    The Trade and Technical Schools industry has experienced fluctuations over the past five years, largely due to the recession and stagnant growth in federal funding. High unemployment has caused individuals to seek out further education, while employers are increasing their training requirements to remain competitive. Over the five years to 2021, decreasing unemployment rates combined with the increasing tuition of four-year colleges, will both boost enrollment in vocational training, and hamper industry growth...

    shopping_cartBUY NOW TO READ MORE

    Industry Report - Starting a New Business Chapter

    Capital costs are a considerable barrier to entry, depending on the segment that a prospective operator is considering. For example, the cost of setting up an aviation school is high due to the range of expensive equipment required to provide training. The cost of establishing a business in hairdressing is much lower by comparison. Similarly, technical training institutes tend to have the latest technology used by the industry. Therefore the startup costs for these operations are higher than the industry average.

    Reputation is essential, and therefore new schools may face some difficulties in attracting students. Schools generally need to have a solid reputation for quality of training provided and connections with possible employers, which may take some time to establish.

    ..

    shopping_cartBUY NOW TO READ MORE

    Additional Insights for the Trade & Technical Schools Industry

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

  • Timely compliance with government regulations
  • High prior success rate (including completed prior contracts)
  • Ability to alter goods and services produced in favor of market conditions
  • IBISWorld analysts also discuss how external factors such as Government funding for universities and National unemployment rate in the Trade & Technical Schools industry impact industry performance..

    shopping_cartBUY NOW TO READ MORE

    Look under the hood?

    Download a FREE sample report

    Industry Products

    What is the Trade & Technical Schools Industry?

    This industry includes schools that offer vocational and technical training in a variety of technical subjects and trades. Training often leads to job-specific certification. Instruction may be provided in diverse settings, such as the company’s training facilities, the workplace, the home or through distance-learning methods. Major segments include cosmetology and barber schools, flight training, apprenticeship training and other technical training.

    Industry Products
    Cosmetology and barber schools
    Flight training programs
    Apprenticeship training programs
    Other professional development programs
    Industry Activities
    Barber colleges
    Beauty schools
    Flight training schools
    Apprenticeship training programs
    Commercial or graphic art schools
    Bartending schools
    Electronic equipment repair training schools
    Firefighter training schools
    Medical technician schools
    Real estate schools

    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 universities
  • National unemployment rate
  • Number of adults aged 20 to 64
  • Consumer Confidence Index
  • High school retention rate

  • Current Performance
  • Shifts in education priority
  • Technology drives industry growth
  • Increased demand means expansion
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream employment trends
  • Government regulation
  • Continued industry growth
  • Table: Trade & Technical Schools Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Trade & Technical Schools Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Book, Magazine & Newspaper Wholesaling
  • Computer & Packaged Software Wholesaling
  • Janitorial Services
  • Municipal Building Construction
  • Office Stationery Wholesaling

  • Products & Services
  • Other professional development programs
  • Flight training programs
  • Cosmetology and barber schools
  • Apprenticeship training programs
  • Chart: Trade & Technical Schools Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Students aged 25 to 34 years old
  • Students 45 to 64 years old
  • Students 20 to 24 years old
  • Students 35 to 44 years old
  • Students 15 to 19 years old
  • Students 65 years and over
  • Chart: Major Market Segmentation for the Trade & Technical Schools Industry

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

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Trade & Technical 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 Trade & Technical 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 Trade & Technical Schools Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • National unemployment rate (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Jargon & Glossary
    Apprenticeship
  • A system of teaching a skill to a new generation of practitioners. Training is completed on the job while working for an employer who helps the individual learn the trade.
  • Career And Technical Education (Cte)
  • Training for jobs that are based on manual or practical activities, traditionally nonacademic and related to a specific trade, occupation or vocation; also called vocational education.
  • Title Iv Programs
  • A program authorized under Title IV of the Higher Education Act that is the major source of federal student aid. Title IV programs include loans, grants and federal work study.
  • 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 Trade & Technical 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 Trade & Technical 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 Trade & Technical 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