Overview

Extra credit: Operators will focus on providing highly qualified staff to combat rising competition

IBISWorld’s Tutoring & Test Preparation Franchises 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

Industry Threats & Opportunities

  • Demand for industry services was undermined by a high unemployment rate and low disposable income
  • This industry benefits from federal funding for elementary and secondary schools
  • As the US economy strengthens, demand for industry services is expected to rise

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    Industry Analysis & Industry Trends

    The poor economic environment has hampered demand for the Tutoring and Test Preparation Franchises industry over the past five years. Despite a growing number of primary school and college students, demand for industry services was undermined by a high unemployment rate and low disposable income. In the coming years, industry growth is expected to strengthen as the economy improves. In addition to substantial disposable income growth, which is expected to make industry services more affordable for consumers, the industry will continue to benefit from expanding markets, particularly burgeoning college enrollment...

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    Industry Report - Industry SWOT Analysis Chapter

    The Tutoring & Test Preparation Franchises industry is in the mature stage of its life cycle. Over the ten years to 2021, industry value added (IVA), which measures the industry's contribution to overall economic growth, is expected to expand at an annualized rate of 0.9%. Gross domestic product, meanwhile, is projected to grow at an annualized rate of 2.1% during the same period, indicating that the industry is expanding at nearly half the rate as the economy as a whole.

    Despite this slow growth, the market for industry services is expanding as student enrollment rises in primary and secondary education. For example, K-12 students, the largest market for industry services, are expected to grow at an annualized rate of 0.6% to more than 56.0 million over the next five years. Lik..

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    Additional Insights for the Tutoring & Test Preparation Franchises Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tutoring & Test Preparation Franchises Industry are

  • Understanding government policies and their implications
  • Having a high prior success rate (including completed prior contracts)
  • Having a high profile in the market
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Government funding for primary and secondary education in the Tutoring & Test Preparation Franchises industry impact industry performance..

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    Industry Products

    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 preparation
    Tutoring
    Industry Activities
    Tutoring
    Exam preparation

    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
  • Per capita disposable income
  • Government funding for primary and secondary education
  • Percentage of services conducted online
  • Number of college students
  • Number of K-12 students

  • Current Performance
  • Dip in demand
  • Educational concerns and government funding
  • Competition squeeze
  • Benefits of franchising
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand expansion
  • Competition pressuring profitability
  • Further challenges
  • Table: Tutoring & Test Preparation Franchises Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tutoring & Test Preparation Franchises Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Public Schools
  • Private Schools
  • Colleges & Universities
  • For-Profit Universities
  • Consumers

  • Key Selling Industries
  • Book Stores
  • Commercial Leasing
  • Computer Stores
  • Office Supply Stores

  • Products & Services
  • Tutoring
  • Exam preparation
  • Chart: Tutoring & Test Preparation Franchises Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable income
  • Government assistance and policy
  • Online resources

  • Major Markets
  • Elementary school students
  • High school students
  • Middle school students
  • College students
  • Chart: Major Market Segmentation for the Tutoring & Test Preparation Franchises Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesMarketingOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Tutoring & Test Preparation Franchises

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tutoring & Test Preparation Franchises Industry

  • Industry Globalization
    Major Companies
    Kumon North America Inc.
  • Table: Kumon North America Inc. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Tutoring & Test Preparation Franchises 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 Tutoring & Test Preparation Franchises Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Per capita disposable income (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Franchising
  • The practice of using another firm's business model and brand name for a fee.
  • Primary School
  • An educational institution in which children receive the first stage of compulsory education.
  • Secondary School
  • An educational institution following primary education.
  • 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 Tutoring & Test Preparation Franchises:
    • 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 Tutoring & Test Preparation Franchises 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 Tutoring & Test Preparation Franchises, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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