Part
01
of one
Part
01
US(K-12) After school and lesson market size and Valuation.
Hello! Thanks for your question about the market size of after-school and lessons in the US for grades K-12. The short version is that the market size of after-school programs is USD $22 billion. In the US the lessons or tutoring market is a $7 billion dollar industry. Below you will find a deep dive of my findings.
AFTER-SCHOOL MARKET SIZE IN THE US
IBIS World’s After-School Program Providers market research report shows that the total revenue of this industry is USD $22 billion. From 2011 to 2016, it has had an annual growth of -0.6%. A high unemployment rate is the main reason why the industry has been unable to expand. However, in the next few years, as more family members re-enter the workforce, the demand for the services of this industry will rise. There are 19,557 business in this industry, and they employ 272,349 individuals. After-school program providers are situated mostly in the Southeast, Mid-Atlantic and West regions of the United States.
After-school programs are available during various times of the day and in many places. These locations include libraries, school buildings, community centers, and parks. The activities that take place in these locations can range from sports and study groups to performing and creative arts.
According to the After-school Alliance, 10.2 million kids take part in after-school programs. On weekdays, the hours between 3 p.m. and 6 p.m. are peak hours for juvenile delinquency, drug use, and sex. Parents of 19.4 million children say that their children would participate in after-school programs if these programs were available.
The IBIS World's report states that in the next few years--as demand for this industry remains high and as disposable income grows and government funding increases--the industry is expected to grow 3.0% and reach $21.9 billion.
LESSONS MARKET SIZE IN THE US
The Bureau of Labor Statistics states that there are one hundred thousand businesses in the private Education Service industry. This number is close to two hundred thousand when we take into account local, state and federal government institutions. Today this industry employs over 3.5 million people. Home-based or on-site location tutoring services comprise an industry of USD $7 billion. Franchises are common in this industry; some are focused on younger children and offer a combination of child care and education services. Important franchises in this industry are Primrose Schools and Rainbow Station. According the US Bureau of Labor Statistics, approximately 11 million children under the age of five spend 35 hours every week in childcare. It is a growing field, and it will experience a fast employment growth in the coming years.
CONCLUSION
To wrap it up, the market size of after-school programs is USD $22 billion. In the US the lessons or tutoring market is a $7 billion dollar industry. Thanks for using Wonder! Please let us know if we can help with anything else!