2024 Apprenticeship Training Industry Research Report

Apprenticeship Training - Market Size and Industry Forecast

The 2024 Apprenticeship Training Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the apprenticeship training industry.

HistoricalForecasted
20192020202120222023202420252026202720282029
Market Size (Total Revenue)

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% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Apprenticeship Training - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Apprenticeship Training companies in the United States.

Apprenticeship Training Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesApprenticeship Training
Small Business (< 5 Employees)

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Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Apprenticeship Training - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Apprenticeship Training - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

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Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Apprenticeship Training - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

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Occupational, tech, & trade; prof dev; & mngmt training prog
Other occupational, tech, & trade; prof dev; & mngmt training prog
Contributions, gifts, & grants - private
All other revenue
Training programs & courses - education
Contributions, gifts, & grants - government
Basic education & personal improvement programs & courses
Investment income, including interest & dividends
Higher academic, career, & advanced research prog/credit courses

Apprenticeship Training - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations9%

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Chief Executives0%
General and Operations Managers2%
Business and Financial Operations Occupations6%
Education, Training, and Library Occupations47%
Postsecondary Teachers38%
Miscellaneous Postsecondary Teachers33%
Vocational Education Teachers, Postsecondary32%
Other Teachers and Instructors6%
Office and Administrative Support Occupations17%
Information and Record Clerks5%
Other Office and Administrative Support Workers5%

Government Contracts

In the past, the federal government spent an annual total of $68,651,885 on the apprenticeship training industry. It has awarded 150 contracts to 52 companies, with an average value of $1,320,229 per company.

Apprenticeship Training and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)

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Apprenticeship Training Industry Report
GeographyUnited States  
Publication DateMarch 2024
Report FormatPDF Download  PDF
Price

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