The Fine Arts Schools industry has developed a creative edge over the five years to 2017. 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 includes establishments that offer instruction in the fine arts, including dance, drama, music and the visual arts. The industry does not include programs that offer academic degrees or diplomas. Commercial and graphic arts and commercial photography instruction are also excluded from this industry, as these subjects are accounted for 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.