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Trade & Technical Schools in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Trade & Technical Schools Market Research Report | NAICS 61151 | Dec 2016

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

IBISWorld’s Trade & Technical 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
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 11-16
-1.1%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
127,260
Businesses
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
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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... ... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Trade and Technical Schools industry is currently moving from the growth stage of its life cycle to the mature stage. Over the 10 years to 2021, the industry's contribution to the overall economy, measured by industry value added, is expected to fall at an annualized rate of 0.2%, while overall GDP expands an annualized 2.1%. Such a decline is largely due to the severe contraction in revenue that the industry has experienced over the past five years as unemployment declined and potential students returned to the job market. Although industry growth is expected to slow as a result of improvements in the labor market and continued competition with other education alternatives, the increasing number of online classes is expected to increase profit.

.. ... purchase 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... purchase to read more

     


    Industry ProductsRelated Reports

    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 schoolsFlight training programsApprenticeship training programsOther professional development programs
     
    Industry Activities
    Barber collegesBeauty schoolsFlight training schoolsApprenticeship training programsCommercial or graphic art schoolsBartending schoolsElectronic equipment repair training schoolsFirefighter training schoolsMedical technician schoolsReal 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
    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 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.

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