The Fine Arts Schools industry has developed a creative edge over the five years to 2016. Revenue growth began to rebound as the economy started to recover and schools' endowment funds and corporate profit bounced back. Additionally, still-high unemployment brought strong demand from a larger number of individuals who were out of work. Moving forward, industry revenue is expected to further improve due to stronger investment returns from endowment funds and higher tuition revenue.
This industry primarily includes establishments that offer instruction in the arts, including art, dance, drama, music and photography. The industry does not include programs that offer academic degrees, even if they specialize in fine arts. This industry also does not include commercial and graphic arts and commercial photography instruction, as these subjects are included in the Trade and Technical Schools industry (IBISWorld report 61151).
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.