$982.5bn
$XX.Xbn
7m
19,671
$XXX.Xbn
Public schools include traditional elementary (kindergarten through fifth grade), middle (sixth through eighth grade) and high schools (ninth through 12th grade), in addition to charter and magnet schools. Public schools' revenue depends on government funding from tax revenue and borrowing. Over the past five years, disruptions from the COVID-19 pandemic have been supplemented by strong growth amid recovery, but lingering difficulties from rising interest rates will temper growth moving forward. Falling birth rates are also threatening the long-term health of the industry as fewer young students replace graduating seniors.
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $982.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
New York City Department of Education | 30,586.9 | -425.9 | -1.4 | |
Los Angeles Unified School District | 9,029.5 | -125.7 | -1.4 |
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Industry revenue is measured across several distinct product and services lines, including Regular education elementary schools, Regular education high schools and Nontraditional education. Regular education elementary schools is the largest segment of the Public Schools in the US.
Declining birth rates are dampening elementary school enrollment
The Public Schools industry includes elementary and secondary schools supported by government funds to provide free education for a community or district’s children from kindergarten through 12th grade. All public schools operate on a nonprofit basis.
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NAICS 611110 - Public Schools in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Enrollment in public schools has fallen in the long run, threatening school budgets. Consumers have been having fewer kids, and the past five years have seen a prominent rise...
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Toddlers form a new potential market. Public schools have been offering programs catered to younger children as the push for public preschool gains backing.
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The West and Northeast lose tax bases to the Southeast, shifting public school enrollment and funding. The Southeast has over a quarter of the nation's population, boosting i...
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Private and alternative schools are gaining ground. Parents are more and more choosing homeschool programs or sending their children to alternative schools instead of enrolli...
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School districts support migrant communities, adding to spending but also signaling the importance of public schools in the nation's education system.
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Low-income students receive educational support. The federal government's Every Child Succeeds Act helps provide extra care for public schools to afford free lunch and other ...
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Teachers embraced strikes. Teachers, historically seen as underpaid by much of the US population, successfully went on strike to weather higher inflation. This has raised wag...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Public Schools in the US industry in United States is $982.5bn in 2024.
There are 19,671 businesses in the Public Schools in the US industry in United States, which has grown at a CAGR of 0.3 % between 2019 and 2024.
The market size of the Public Schools in the US industry in United States has been growing at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Public Schools in the US industry in United States is expected to grow.
The biggest companies operating in the Public Schools market in United States are New York City Department of Education and Los Angeles Unified School District
Teaching basic literacy and numeracy and Establishing foundations in science, mathematics, geography, history and other social sciences are part of the Public Schools in the US industry.
The company holding the most market share in United States is New York City Department of Education.
The level of competition is moderate and increasing in the Public Schools in the US industry in United States.