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Tutoring & Test Preparation Franchises: Market Research Report

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

Tutoring & Test Preparation Franchises Market Research Report | NAICS OD5609 | Nov 2016

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

IBISWorld’s Tutoring & Test Preparation Franchises 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
Industry Statistics & Market Size
Revenue
$981m
Annual Growth 11-16
-0.6%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
35,292
Businesses
3,361
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... ... purchase to read more

Industry Report - Industry Locations Chapter

The geographic spread of this industry is consistent with the population distribution in the United States; establishments are generally located in heavily populated regions. Industry operators tend to be located closer to areas with many academic institutions. The highest concentrations of establishments are in the West, the Southeast and the Mid-Atlantic regions.

The West has the largest share of establishments in this industry, accounting for 25.1% of the total number. The majority of establishments in this region are located in California, which is home to a high number of academic institutions. California alone accounts for about 19.7% of establishments.

.. ... purchase to read more

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... purchase to read more

     


    Industry ProductsRelated Reports

    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 preparationTutoring
     
    Industry Activities
    TutoringExam 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
  • 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 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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