NVI Technical College Information

Market Feasibility

What are innovations in industry products and services?

Major Markets

Online courses bolster industry demand

What ’ s influencing demand from the industry ’ smarkets?

• Despite the high degree of hands-on experience, many schools

have offered an increasing number of online courses to augment

Students between 35 to 64 years old are the largest segment

in-person instruction with easily accessible courses.

• Most of this student group are employed in traditional

manufacturing jobs, so they often need additional training to stay

• Online platforms are much cheaper to operate for trade and

abreast of new techniques and skills.

technical schools, as they don't need physical classrooms and

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enable a single instructor to train a higher number of students.

• As manufacturing processes have become more automated and

This has helped preserve profit in recent years.

technologically driven, the need for further technical training and

education is high among this age group.

Schools have increased their partnership with major employers

• Many vocational schools have partnered with manufacturers,

• Even those who find work in today's service-oriented economy

hospitals and other potential employers to help their students

return to school part-time for ongoing training and retooling as a

gain an internship or secure a position upon completion.

proactive measure to increase productivity.

• Further, vocational schools gradually introduced programs

accredited by large organizations to cater to students seeking

job-related certificates.

Source: Wert-Berater Feasibility Studies, LLC and IBISWorld

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