Industry Data & Market Research

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.

Vocational Schools & Occupational Training 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 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 Breakdown

Research 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 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 - 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 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 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 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 Vocational Schools & Occupational Training 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 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 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

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:

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 Vocational Schools & Occupational Training industry.

Government Contracts

In 2022, the federal government spent a total of $993,104,941 on Vocational Schools & Occupational Training. It has awarded 808 contracts to 359 companies, with an average value of $2,766,309 per company.   

Most Recent Contracts Date Total Award Amount
Kvartal Ts-5, Stroenie 68a, 3-y Etazh
Jun 30, 2023$11,484

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