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... purchase to read more
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.
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Additional Insights for the
Tutoring & Test Preparation Franchises
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