research
AnythingResearch
Industry Data & Market Research
AnythingResearch

2024 U.S. Industry Statistics & Market Forecast - Apprenticeship Training


Market Size & Industry Statistics

The total U.S. industry market size for Apprenticeship Training: 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.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

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
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



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 (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Apprenticeship Training industry is constantly evolving, and several key trends are shaping the sector. First and foremost, there is a growing demand for flexible learning options that enable apprentices to balance work with their training programmes. This includes online, blended, and mobile learning options that make it easier for apprentices to access their coursework when and where they need it.

Another key trend is the use of technology in apprenticeship training, including digital assessments, virtual reality simulations, and AI-powered learning platforms. These technologies are enhancing the learning experience for apprentices, making it more engaging, interactive, and effective.

There is also a growing focus on apprenticeship diversity and inclusion, with many companies committed to creating more opportunities for underrepresented groups. This includes expanding the range of apprenticeship programmes available, as well as providing additional support to increase the success rates of apprentices from diverse backgrounds.

Finally, there is a heightened focus on the impact of apprenticeships on employability and career progression. There is an increasing emphasis on providing apprentices with the practical skills and experience they need to succeed in the job market, as well as supporting their ongoing career development and upskilling throughout their careers. This includes partnerships with employers to provide work-based learning opportunities and improve the alignment of training programmes with industry needs.



Product & Services Breakdown

Research products and services in the Apprenticeship Training industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Occupational, Technical, And Trade; Professional Development; And Management Training Programs And Courses

Training Programs - Education (Include Training In Instructional Techniques And Professional Development For Educators.)

Training Programs - Other Occupational, Technical And Trade; Professional Development; And Management Training Programs And Cour

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Investment Income, Including Interest And Dividends

Program Service Revenue Including Government Fees And Contracts

All Other Revenue



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.

U.S. map by state

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 AveragePercent of Sales
(Industry Benchmark)
Total Revenue

Order at top of page
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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Apprenticeship Training company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry 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 Apprenticeship Training industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
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).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Apprenticeship Training measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry 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.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry 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.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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.



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.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 10%

Order at top of page
Chief Executives0%
General and Operations Managers3%
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%
Miscellaneous Postsecondary Teachers 31%
Career/Technical Education Teachers, Postsecondary 29%
Office and Administrative Support Occupations 14%
Source: Bureau of Labor Statistics


Apprenticeship Training Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Apprenticeship Training 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 Apprenticeship Training 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 Apprenticeship Training industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Apprenticeship Training

  • Feb 01, 2024: GROWTH TRANSITIONS, INC. (Neptune, NJ) awarded $7,880,741
  • Jan 22, 2024: ARBOR E&T LLC (Louisville, KY) awarded $5,016,118
  • Jan 19, 2024: DISTRICT 1199C TRAINING AND UPGRADING FUND (Philadelphia, PA) awarded $4,913,994
  • Jan 18, 2024: BUILDING AND CONSTRUCTION TRADES DEPARTMENT AFL-CIO (Washington, DC) awarded $5,386,031
  • Jan 18, 2024: H-CAP, INC. (New York, NY) awarded $6,835,685
  • Jan 18, 2024: WASHINGTON TECHNOLOGY INDUSTRY ASSOCIATION (Redmond, WA) awarded $5,740,139




Related Reports

Can't find what you're looking for? We have over a thousand market research reports. Ask us and an analyst will help you find what you need.

Industries Related to Apprenticeship Training