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Fine Arts Schools in the US: Market Research Report

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

Fine Arts Schools Market Research Report | NAICS 61161 | Jan 2017

Work of art: Rising incomes will drive growth, despite decreased government spending

The Fine Arts Schools market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 12-17
1.8%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
97,415
Businesses
14,253
Industry Threats & Opportunities
  • Higher tuition revenue and stronger investment returns from endowment funds will boost industry revenue
  • Most schools are will gain strong investment returns as the stock markets improve
  • Rising per capita disposable income will allow more individuals to afford tuition
  • ... purchase to read more

Industry Analysis & Industry Trends

The Fine Arts Schools industry has developed a creative edge over the five years to 2017. Revenue growth began to rebound as the economy started to recover and schools' endowment funds and corporate profit bounced back. Additionally, still-high unemployment brought strong demand from a larger number of individuals who were out of work. Moving forward, industry revenue is expected to further improve due to stronger investment returns from endowment funds and higher tuition revenue... ... purchase to read more

Industry Report - Starting a New Business Chapter

The initial capital costs of establishing a school in this industry are relatively moderate. Most institutions require large buildings to facilitate proper learning in the arts. For instance, drama schools typically require stages and auditoriums while dance schools require sizeable studios. Similarly, music and art programs often require specific equipment such as instruments and painting supplies. However, many schools are able to mitigate these substantial start-up costs by renting buildings and equipment instead of purchasing them outright. Furthermore, institutions within this industry offer nonacademic instruction and, therefore, do not need to gain accreditation from government bodies in order to operate. The.. ... purchase to read more

Additional Insights for the Fine Arts Schools Industry

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

  • Access to volunteer labor
  • Ability to attract local support/patronage
  • Ability to educate the wider community
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Number of K-12 students in the Fine Arts Schools industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Fine Arts Schools Industry?

    This industry includes establishments that offer instruction in the fine arts, including dance, drama, music and the visual arts. The industry does not include programs that offer academic degrees or diplomas. Commercial and graphic arts and commercial photography instruction are also excluded from this industry, as these subjects are accounted for in the Trade and Technical Schools industry (IBISWorld report 61151).

    Industry Products
    Recreational dance classesRecreational music and theater classesTraining and professional development programsRecreational visual arts classesAcademic courses
     
    Industry Activities
    Providing art instruction (except commercial or graphic) Providing ballet instruction (except academic)Providing ceramics instructionProviding dance instructionProviding drama instruction (except academic)Providing handicrafts instructionProviding music instruction (except academic)Providing photography instruction (except commercial)Providing sculpture instructionProviding voice instruction


    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
  • Number of K-12 students
  • Corporate profit
  • Federal funding for creative arts
  • Time spent on leisure and sports
  • Demand from donations, grants and endowment
  • Current Performance
  • Rising demand for fine arts courses
  • Corporate profit and donations
  • Government funding declines
  • Rising industry participation
  • Chart: Revenue Growth
  • Industry Outlook
  • The economy helps and hurts
  • Declining government funding
  • Table: Fine Arts Schools Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fine Arts Schools Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Ceramics Manufacturing
  • Jewelry Manufacturing
  • Advertising Agencies
  • Community Colleges
  • Musical Groups & Artists
  • Performers & Creative Artists
  • Colleges & Universities
  • For-Profit Universities
  • Key Selling Industries
  • Camera Stores
  • Fabric, Craft & Sewing Supplies Stores
  • Janitorial Services
  • Musical Instrument & Supplies Stores
  • Office Supply Stores
  • Record Stores
  • Products & Services
  • Recreational dance classes
  • Other
  • Recreational music and theater classes
  • Training and professional development programs
  • Recreational visual arts classes
  • Academic courses
  • Chart: Fine Arts Schools Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Children aged 12 and under
  • Other
  • Adolescents aged 13 to 18
  • Art students and professional artists
  • Adults
  • Senior citizens
  • Chart: Major Market Segmentation for the Fine Arts 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
  • Purchases
  • Depreciation
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Fine Arts Schools
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fine Arts 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 Fine Arts 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 Fine Arts Schools Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    College
  • A post-secondary educational institution.
  • Endowment Fund
  • Donations to a school wherein the principal is to remain intact and is to be invested to produce income that may be expended or reinvested.
  • National Endowment For The Arts (Nea)
  • An independent agency of the federal government that offers support and funding for projects exhibiting artistic excellence.

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

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