Tutoring & Driving Schools in the US - Industry Market Research Report

August 2020 •
51 pages •
Report ID: 499786 •
Format: PDF

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High score: Increasing demand is expected to spur growth, but operators will likely combat rising competition

Abstract

Tutoring & Driving Schools in the US
Amid strong economic growth and the influx of new enterprises entering the market, revenue for the Tutoring and Driving Schools industry is anticipated to increase. During the previous five-year period, higher unemployment rates and a tight job market caused many individuals to return to school in hopes of improving their marketable skills, driving up demand for this segment during the current period. Historically high numbers of high school graduates have also created intense competition for college placement, and many students have enlisted tutors to increase their probability of admission. Over the five years to 2024, potential changes in funding will largely dictate industry performance. The ability of standardized tests such as the SAT and ACT to accurately forecast student success is also increasingly being challenged. As a result, more colleges are making the tests optional, which will likely stifle growth in the test preparation segment during the period.

This industry includes exam preparation and tutoring services, automobile driving schools and various other educational services. Academic schools, colleges and universities are excluded from this industry, as are schools offering instruction in business, management, computers, technical and trade areas, fine arts, athletics and languages.

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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