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2024 U.S. Industry Statistics & Market Forecast - Exam Preparation and Tutoring


Market Size & Industry Statistics

The total U.S. industry market size for Exam Preparation and Tutoring: 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 Exam Preparation & Tutoring industry is constantly evolving to keep up with the changing needs of the students and the latest education trends globally. Some of the key trends that are affecting the industry today include:

1. Personalized learning experiences – personalized learning is becoming increasingly popular in the education industry, and tutoring is no exception. Students today are looking for more personalized learning experiences that cater to their individual needs and learning styles.

2. Use of digital technology – digital technology is transforming the way tutoring is delivered. Online platforms and mobile apps are becoming more popular, as are virtual classrooms and personalized learning programs. Tutors are embracing these tools to deliver more personalized, effective, and impactful sessions to learners.

3. Increased emphasis on student performance – today’s students are under immense pressure to perform at high levels, particularly in competitive exams. As a result, exam preparation and coaching have become big business, and tutors are increasingly working with learners to optimize exam strategy and performance, in addition to imparting subject knowledge.

4. Rising demand for soft skills – as competition for jobs and higher education places increase, students are seeking tutoring to hone their soft skills such as critical thinking, communication, and problem-solving. As a result, some tutoring companies are moving beyond offering subject-specific tutoring to incorporate soft skills development into their curriculums.

5. Emphasis on cost-effectiveness – finally, with education costs increasing rapidly, students are looking for cost-effective tutoring solutions that still deliver high-quality instruction. This has led to the rise of more affordable tutoring models like group tutoring, peer-to-peer tutoring, and online teaching platforms with flexible pricing options.



Product & Services Breakdown

Research products and services in the Exam Preparation and Tutoring 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

Basic Education & Personal Improvement Programs & Courses (Include Tuition For Literacy Programs, Ged, Second Language Programs,

Exam Preparation And Tutoring Services

Exam Preparation Courses

Academic Tutoring And Customized Learning Programs

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private



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

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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
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Exam Preparation and Tutoring 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 Exam Preparation and Tutoring 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 Exam Preparation and Tutoring 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 7%

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Chief Executives0%
General and Operations Managers4%
Educational Instruction and Library Occupations 53%
Other Teachers and Instructors 46%
Self-Enrichment Teachers 29%
Self-Enrichment Teachers 29%
Tutors 14%
Tutors 14%
Arts, Design, Entertainment, Sports, and Media Occupations 13%
Entertainers and Performers, Sports and Related Workers 12%
Athletes, Coaches, Umpires, and Related Workers 11%
Coaches and Scouts 11%
Personal Care and Service Occupations 8%
Other Personal Care and Service Workers 7%
Recreation and Fitness Workers 6%
Office and Administrative Support Occupations 10%
Source: Bureau of Labor Statistics


Exam Preparation and Tutoring Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Exam Preparation and Tutoring 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 Exam Preparation and Tutoring 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 Exam Preparation and Tutoring industry.
Source:
IncFact


Recent Federal Contracts for Exam Preparation and Tutoring

  • Feb 21, 2024: PALMETTO GBA, LLC (Columbia, SC) awarded $4,528,954




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