NVI Technical College Information

Market Feasibility

Supplier: Purchase costs are varied

Companies

• Trade and technical schools vary widely in focus, so the industry

Key Takeaways

as a whole has a huge number of suppliers.

• The industry is highly fragmented, and no single school accounts

for more than 5.0% of industry revenue. There are no major

• As education institutions, though, vocational schools will need

companies in this industry.

administrative supplies and computer software to support the

increasingly presence of online learning.

• Each school primarily serves the local area. As a result, technical

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schools don't expand countrywide, limiting their ability to

• Some trade schools benefit greatly from solid relationships with

comprise a larger market share.

suppliers of key teaching materials that give them discounts or

added services, as the successful training of new workers in an

industry will

help sustain demand from many input

manufacturers' other buyers.

• This is especially helpful in welding, electrician and other

vocational schools that depend more on specialized equipment

and machinery.

Source: Wert-Berater Feasibility Studies, LLC and IBISWorld

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