Industry Data & Market Research

2024 U.S. Industry Statistics & Market Forecast - Technical and Trade Schools

Market Size & Industry Statistics

The total U.S. industry market size for Technical and Trade 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.

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

Statistics        2019        2020        2021        2022        2023
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 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 Technical & Trade Schools industry has seen significant changes in recent years due to various trends affecting the industry. Some of the key trends include:

1. Demand for skilled workforce: There is a growing demand for skilled workers in various industries, particularly in the manufacturing and construction sectors. As such, trade schools are becoming popular among students who want to acquire the necessary skills to secure employment quickly.

2. Technology advancements: The rapid advancement of technology is transforming numerous industries, and the Technical & Trade Schools industry is no exception. Technical and trade schools are now incorporating technology into the classroom, providing students with hands-on training on modern tools and equipment.

3. Online learning: More Technical & Trade School programs are now available online, making it easier for working professionals or those who cannot attend physical classes because of distance or other reasons.

4. Rise of apprenticeship programs: The popularity of apprenticeship programs is on the rise. Many trade schools now provide apprenticeship opportunities for students to work with experienced professionals in various trades.

5. Increased emphasis on soft skills: Traditionally, trade schools have primarily focused on teaching technical skills. However, employers are now demanding that workers possess strong interpersonal and communication skills. As such, trade schools are now placing an increased emphasis on soft skills training.

In conclusion, the Technical & Trade Schools industry is evolving to meet the demands of the market and provide students with the skills and knowledge they need to succeed in the workforce. Technical and trade schools that embrace these trends are set to stay relevant and continue to attract students.

Product & Services Breakdown

Research products and services in the Technical and Trade 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 - Education (Include Training In Instructional Techniques And Professional Development For Educators.)

Training Programs - Physical And Life Sciences And Technologies

Training Programs - Health, Parks, Recreation, And Fitness

Training Programs - Professional Development And Management Training Programs And Courses

Training Programs - All Other Personal, Protective, And Transportation Services (Include CDl Training.)

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

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

Personal Care Services (Include Fees For Hair, Nail, Skin Care.)

Resale Of Merchandise

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

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
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
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 Technical and Trade 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 Technical and Trade 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 Technical and Trade 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 10%

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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%
Health Teachers, Postsecondary 5%
Miscellaneous Postsecondary Teachers 31%
Career/Technical Education Teachers, Postsecondary 29%
Postsecondary Teachers, All Other 9%
Preschool, Elementary, Middle, Secondary, and Special Education Teachers 6%
Secondary School Teachers 5%
Other Educational Instruction and Library Occupations 8%
Office and Administrative Support Occupations 14%
Information and Record Clerks 5%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 6%
Source: Bureau of Labor Statistics

Technical and Trade Schools Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Technical and Trade 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 Technical and Trade 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
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Technical and Trade Schools industry.

Innovation News

Recent Federal Contracts for Technical and Trade Schools

  • Apr 02, 2024: GOLDER FORENSIC GROUP, LLC (Wilmington, NC) awarded $8,000
  • Apr 02, 2024: ODLE MANAGEMENT GROUP, L.L.C. (Scottsdale, AZ) awarded $27,872,909
  • Apr 02, 2024: ALEUT-ODLE TRAINING AND DEVELOPMENT JV 2,LLC (Colorado Springs, CO) awarded $22,830,989
  • Apr 02, 2024: FLIGHTSAFETY INTERNATIONAL INC (Columbus, OH) awarded $51,240
  • Apr 02, 2024: INSIGHTS TRAINING GROUP, LLC (Marion, VA) awarded $32,168,204
  • Apr 02, 2024: DISTINCTION LLC (Greenville, MS) awarded $29,662,659