Private Schools in the US
The Private Schools industry comprises independently operated primary and secondary educational institutions. As a result, they are heavily dependent on student enrollment as a main source of income. Over the five years to 2019, industry operators have benefited from rising household income levels and growth in the percentage of households earning more than $100,000, both of which have enabled parents to better afford the industry's relatively expensive tuition rates. However, private schools endure a high degree of competition from charter schools. Charter schools also offers similar amenities to private schools, such as small class sizes. Overall, industry revenue is anticipated to increase during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise. As economic conditions are projected to continue improving over the five years to 2024, household income levels are forecast to increase accordingly, making it easier for families to afford private school tuition.
The Private Schools industry comprises primary (grades K-6) and secondary (grades 7-12) educational institutions that are predominantly funded through tuition fees and other private sources. While these schools may receive indirect government funding through special programs, such sources of income constitute a small portion of industry revenue. Government-funded schools are included in the Public Schools industry (IBISWorld report 61111a).
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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