The Visual Arts Schools industry has benefited from rising consumer confidence and per capita disposable income over the five years to 2014. Nevertheless, industry operators have been challenged to alter and rearticulate their product offerings as a result of increasing demand from the nonemployed or underemployed. Over the next five years, rising per capita disposable income and an influx of baby boomers reaching retirement age will boost demand for industry services.
Companies in this industry primarily offer job, career vocational or technical courses in the visual arts. Visual arts include ceramics, drawing, painting, sculpture, printmaking, graphic design, crafts and photography. The curriculum offered by these schools is highly structured, specialized and leads to job-specific certification. Establishments in this industry are exempt from federal income tax. Online-only schools are excluded from this industry.
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.