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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2023 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.
|Statistics||2017 2018 2019 2020 2021 2022|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2023||2024||2025||2026||2027||2028|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Industry InsightsThe 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 BreakdownResearch 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|
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 StateMarket 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|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial 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 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 Apprenticeship Training industry is performing.|
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 Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
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 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.
|Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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 EmployeesCompensation 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|
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|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%|
|Miscellaneous Postsecondary Teachers||31%|
|Career/Technical Education Teachers, Postsecondary||29%|
|Office and Administrative Support Occupations||14%|
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:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Apprenticeship Training industry.
Government ContractsIn 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
|Jun 29, 2023||$4,029,346|