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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 - Vocational Schools & Occupational Training
Market Size & Industry Statistics
The total U.S. industry market size for Vocational Schools & Occupational 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 Vocational Schools & Occupational Training industry is currently experiencing several key trends that are influencing its development and growth. The first trend is the increasing demand for personalized and flexible training programs. Learners are seeking more individualized learning experiences that are tailored to their specific needs, preferences, and schedules. This has led to the rise of online and blended learning approaches that offer greater flexibility, convenience, and accessibility.
Another important trend is the focus on job readiness and skills-based training. Vocational schools and occupational training providers are emphasizing practical, hands-on training that prepares learners for real-world job opportunities. This requires close collaboration and partnerships with industry employers to identify the most in-demand skills and to ensure that training programs align with employer needs.
The third trend is the growing use of technology in training and learning. This includes the adoption of virtual reality, simulation, and digital learning tools to enhance learning outcomes and engagement. Additionally, the use of data analytics and assessment tools are helping to measure learner progress and identify areas for improvement.
Finally, the Vocational Schools & Occupational Training industry is also experiencing a shift towards lifelong learning and continuous professional development. This trend reflects the increasing recognition of the importance of ongoing training and education to support career advancement and professional growth. As a result, many vocational schools and training providers are offering a range of upskilling and reskilling programs to meet the diverse needs of learners and the changing demands of the labour market.
Product & Services BreakdownResearch products and services in the Vocational Schools & Occupational 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|
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 - 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
Leisure And Recreation Activities Instruction And Training
Leisure And Recreation Activities Instruction And Training - Sports, Exercise, And Nature Appreciation
Leisure And Recreational Activities Instruction And Training - Other
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 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 Vocational Schools & Occupational 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 Vocational Schools & Occupational 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 Vocational Schools & Occupational 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||4%|
|Educational Instruction and Library Occupations||53%|
|Other Teachers and Instructors||46%|
|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%|
Vocational Schools & Occupational Training Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Vocational Schools & Occupational 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 Vocational Schools & Occupational 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 Vocational Schools & Occupational Training industry.
Government ContractsIn 2022, the federal government spent a total of $789,189,745 on Vocational Schools & Occupational Training. It has awarded 445 contracts to 234 companies, with an average value of $3,372,606 per company.
|Most Recent Contracts||Date||Total Award Amount|