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2023 U.S. Industry Statistics & Market Forecast - Fine Arts Schools


Market Size & Industry Statistics

The total U.S. industry market size for Fine Arts 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.

Fine Arts Schools market size 2023
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2017        2018        2019        2020        2021        2022
Market Size
(Total Sales/Revenue)


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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 / 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 (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Fine Arts Schools industry is constantly evolving, and with changing social and economic trends, it is important to stay up-to-date with the latest developments. Some of the key trends impacting the industry include:

1. Growing demand for online education With advancements in technology, there is an increasing demand for online education, including in the Fine Arts Schools industry. Many students prefer to learn from the comfort of their own homes, and institutions that offer online courses are quickly gaining in popularity.

2. Shifting focus to vocational training In response to the changing job market, many fine arts schools are placing greater emphasis on vocational training. By offering practical training that prepares students for careers in the industry, schools are better equipping graduates to succeed in the real world.

3. Increased diversity and inclusivity The industry is becoming more diverse and inclusive, with schools actively working to attract students from different backgrounds and cultures. This not only strengthens the industry but also ensures that the arts are accessible to all.

4. The rise of interdisciplinary studies As the arts become more integrated with other fields, many fine arts schools are offering interdisciplinary courses that combine art with science, technology, and other fields.

5. Focus on sustainability With an increasing awareness of environmental issues, many fine arts schools are incorporating sustainable practices into their curriculum. This includes using eco-friendly materials in art projects and encouraging students to create art that addresses environmental concerns.



Product & Services Breakdown

Research products and services in the Fine Arts Schools 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,

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

Training Programs - Visual And Performing Arts And Communications Technologies

Higher Academic, Career/Technical, And Advanced Research Qualification Programs And Credit Courses

Leisure And Recreation Activities Instruction And Training

Leisure And Recreation Activities Instruction And Training - Dance, Music, And Theatre

Leisure And Recreation Activities Instruction And Training - Visual Arts, Crafts, And Photography

Contributions, Gifts, And Grants - Private

Program Service Revenue Including Government Fees And Contracts



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 Fine Arts Schools 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 Fine Arts Schools 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 Fine Arts Schools 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


Fine Arts Schools Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Fine Arts 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 Fine Arts 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 Fine Arts Schools industry.
Source:
IncFact


Government Contracts

In 2022, the federal government spent a total of $95,824 on Fine Arts Schools. It has awarded 3 contracts to 3 companies, with an average value of $31,941 per company.   

Most Recent Contracts Date Total Award Amount