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2024 U.S. Industry Statistics & Market Forecast - Technical and Trade Schools
Market Size & Industry Statistics
The total U.S. industry market size for Technical and Trade Schools:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Technical and Trade Schools industry include:- Increased demand for vocational and technical education due to skills gap
- Shift towards online learning and hybrid models
- Growing importance of industry certifications and credentials
- Expansion in emerging technologies and their application in curricula
- Strong emphasis on practical training and apprenticeships
- Focus on lifelong learning and continuing education
- Greater collaboration between schools and local businesses
- Adoption of advanced technology and digital tools in teaching methods
- Regulatory changes impacting program funding and accreditation
- Rising student expectations for job placement assistance and career services
- Environmental sustainability becoming part of curriculums
- Inclusion of soft skills training in technical education programs
Product & Services Breakdown
Research products and services in the Technical and Trade Schools industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Basic Education & Personal Improvement Programs & Courses (Include Tuition For Literacy Programs, Ged, Second Language Programs, |
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Occupational, Technical, And Trade; Professional Development; And Management Training Programs And Courses |
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Training Programs - Education (Include Training In Instructional Techniques And Professional Development For Educators.) |
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Training Programs - Physical And Life Sciences And Technologies |
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Training Programs - Health, Parks, Recreation, And Fitness |
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Training Programs - Professional Development And Management Training Programs And Courses |
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Training Programs - All Other Personal, Protective, And Transportation Services (Include CDl Training.) |
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Training Programs - Other Occupational, Technical And Trade; Professional Development; And Management Training Programs And Cour |
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Higher Academic, Career/Technical, And Advanced Research Qualification Programs And Credit Courses |
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Personal Care Services (Include Fees For Hair, Nail, Skin Care.) |
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Resale Of Merchandise |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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Program Service Revenue Including Government Fees And Contracts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Technical and Trade Schools company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Technical and Trade Schools industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Technical and Trade Schools measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 3% | |||
| Other Management Occupations | 6% | |||
| Education and Childcare Administrators | 5% | |||
| Business and Financial Operations Occupations | 10% | |||
| Business Operations Specialists | 8% | |||
| Educational Instruction and Library Occupations | 46% | |||
| Postsecondary Teachers | 37% | |||
| Health Teachers, Postsecondary | 5% | |||
| Miscellaneous Postsecondary Teachers | 31% | |||
| Career/Technical Education Teachers, Postsecondary | 29% | |||
| Postsecondary Teachers, All Other | 9% | |||
| Preschool, Elementary, Middle, Secondary, and Special Education Teachers | 6% | |||
| Secondary School Teachers | 5% | |||
| Other Educational Instruction and Library Occupations | 8% | |||
| Office and Administrative Support Occupations | 14% | |||
| Information and Record Clerks | 5% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 6% | |||
Technical and Trade Schools Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Technical and Trade Schools industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Technical and Trade Schools industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Technical and Trade Schools industry. |
Source:
Innovation News
- Dec 04, 2023: Highlands Community Charter & Technical Schools trademarks "HIGHLANDS BRAIN" - Downloadable computer software for managing, assessing, analyzing, organizing, monitoring, connecting, communicating, and collaborating on curriculum, learning and training for use by students, parents, teachers, instructors, administrators, schools, academic institutions and businesses; Downloadable computer application software for for mobile and cellular phones and handheld devices
- Dec 04, 2023: Highlands Community Charter & Technical Schools trademarks "HIGHLANDS BRAIN" - Downloadable computer software for managing, assessing, analyzing, organizing, monitoring, connecting, communicating, and collaborating on curriculum, learning and training for use by students, parents, teachers, instructors, administrators, schools, academic institutions and businesses; Downloadable computer application software for for mobile and cellular phones and handheld devices
- Nov 13, 2023: Pilot Institute trademarks "QUIZBANK" - Downloadable computer software for identifying exam topics in which students need to improve their competency, and featuring artificial intelligence (AI) based practice exams and feedback, in the field of education and training.
- Jan 04, 2019: Pensole raises $2 million in funding.
Recent Federal Contracts for Technical and Trade Schools
- Apr 02, 2024: GOLDER FORENSIC GROUP, LLC (Wilmington, NC) awarded $8,000
- Apr 02, 2024: ODLE MANAGEMENT GROUP, L.L.C. (Scottsdale, AZ) awarded $27,872,909
- Apr 02, 2024: ALEUT-ODLE TRAINING AND DEVELOPMENT JV 2,LLC (Colorado Springs, CO) awarded $22,830,989
- Apr 02, 2024: FLIGHTSAFETY INTERNATIONAL INC (Columbus, OH) awarded $51,240
- Apr 02, 2024: INSIGHTS TRAINING GROUP, LLC (Marion, VA) awarded $32,168,204
- Apr 02, 2024: DISTINCTION LLC (Greenville, MS) awarded $29,662,659
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