2023 U.S. Industry Statistics & Market Forecast - Apprenticeship Training

Published: December 2023

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 Description	Number 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.

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)
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

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
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%
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.

Government Contracts

In 2022, the federal government spent a total of $96,870,993 on Apprenticeship Training. It has awarded 84 contracts to 44 companies, with an average value of $2,201,613 per company.   

Most Recent Contracts	Date	Total Award Amount
BUILDING AND CONSTRUCTION TRADES DEPARTMENT AFL-CIO 815 16th St Nw Ste 600 Washington, DC	Jun 29, 2023	$4,029,346