Private Schools K-12 Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 5/30/2022
SIC Codes: 8211
NAICS Codes: 61111
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Private Schools K-12 Industry Profile

Institutions in this industry provide primary and secondary classroom education not associated with public school systems. No major companies dominate the industry.

Globally, the number of private schools in each country varies widely. Private institution enrolment is prominent in Central and Southern Asia where the share is 36% in primary and 48% in secondary education, according to UNESCO. As of 2021, there are more than 350 million private primary and secondary school students, concentrated in urban areas.

The US has about 30,500 private schools with a total enrollment of about 5 million students. About 40% of US private schools are affiliated with religious organizations. While most private schools are tax-exempt, nonprofit entities, some operate on a for-profit basis.

COMPETITIVE LANDSCAPE

Demand is driven by perceived inadequacies in the public school system as well as the desire for a specific curriculum or school culture. The success of an individual school depends largely on its reputation for quality. Large schools can offer a wider range of instruction and have some economies of scale. Small schools can be successful by providing instruction in a special field.

Private schools compete for students with public school systems and with homeschooling.

PRODUCTS, OPERATIONS & TECHNOLOGY

In the US, there were over 50 million students that attended elementary and secondary schools as of 2020, with over 5 million students enrolled in private schools, according to data from Statista. Operations are similar to those at ...

 
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