Public Schools in the US - Industry Market Research Report

Public Schools in the US - Industry Market Research Report

  • July 2021 •
  • 43 pages •
  • Report ID: 199132 •
  • Format: PDF
Hit the books: Demand for public schools will likely expand in line with the number of school-aged children.

Abstract

Public Schools in the US
Over the five years to 2019, industry revenue is expected to increase. Public schools receive funding from state and local spending, which accounts for over half of total government expenditure. As state and local governments rely heavily on tax collections, falling unemployment and rising per capita disposable income over the past five years have lifted their receipts significantly. Favorable economic conditions have contributed to the growth in per capita disposable income. As income levels rise and the unemployment rate declines, more tax revenue can be allocated toward public education. Over the five years to 2024, industry revenue is expected to continue growing. Consistent economic growth will likely drive government funding for education sector as disposable per capita income is expected to continue accelerating. Moreover, demand for public schools is projected to increase during the outlook period due to an expected increase in the number of children under nine years old.

The Public Schools industry includes elementary and secondary schools supported by government funds to provide free education for a community or district’s children from kindergarten through 12th grade. All public schools operate on a nonprofit basis.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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