Fine Arts Schools in the US - Industry Market Research Report

Fine Arts Schools in the US

The Fine Arts Schools industry includes institutions that provide recreational instructions in dance, music, theater and visual arts to the general public and exclude fine arts academic programs. Over the five years to 2019, this industry has benefited from rising levels of per capita disposable income, which enable a greater number of US households to afford fine arts classes. Industry growth has been reinforced by higher contributions from corporate donors, in conjunction with rising demand from young children, adolescents and college students. Industry revenue is largely driven by the ability of everyday consumers to invest in fine arts classes as a form of leisure and education. Over the past five years, per capita disposable income has increased, making industry services relatively more affordable for a greater number of US consumers. Over the five years to 2024, improving levels of disposable income and corporate profit will continue to drive industry growth, albeit a slower rate due to declining levels of government funding for creative arts. It will force industry institutions to rely more heavily on volunteer workers and donations from corporations and individuals to remain in business.

This industry includes operators 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.


TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

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