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Home › Industry Metrics › NAICS 61151

NAICS 61151 - Technical and Trade Schools

NAICS 61151 - TECHNICAL AND TRADE SCHOOLS
NAICS 61151 Technical and Trade Schools
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This industry comprises establishments primarily engaged in offering vocational and technical training in a variety of technical subjects and trades. The training often leads to job-specific certification. Instruction may be provided in diverse settings, such as the establishment's or client's training facilities, educational institutions, the workplace, or the home, and through correspondence, television, Internet, or other means.

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This industry comprises establishments primarily engaged in offering vocational and technical training in a variety of technical subjects and trades.

The training often leads to job-specific certification. Instruction may be provided in diverse settings, such as the establishment's or client's training facilities, educational institutions, the workplace, or the home, and through correspondence, television, Internet, or other means.

Explore the industry hierarchy

Drill down to explore more specific industries.

NAICS 61 Educational Services
NAICS 611 Educational Services
NAICS 6115 Technical and Trade Schools
NAICS 61151 Technical and Trade Schools
NAICS 611511 Cosmetology and Barber Schools
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Industry trends

The Technical and Trade Schools industry (NAICS 61151) has experienced notable trends driven by rapid technological advancement and shifting labor market demands. A significant trend is the growing emphasis on digital and remote learning solutions, accelerated by the COVID-19 pandemic. Technical and trade schools are increasingly adopting virtual labs and simulators to provide practical skills training in a digital format, enhancing accessibility and flexibility for students.

Another trend is the rising demand for programs focused on emerging technologies such as artificial intelligence, cybersecurity, and renewable energy. As industries evolve, there is a higher demand for specialized skill sets, prompting schools to tailor their curricula accordingly. Partnerships between technical schools and industries are also on the rise, ensuring that programs are aligned with current market needs and that students are job-ready upon graduation.

Looking ahead, the industry is expected to see continued growth in enrollment, driven by the increasing recognition of the value of skill-based education over traditional four-year degrees for many career paths. Schools will likely continue to innovate with hybrid models combining online and hands-on learning. Furthermore, there will be a stronger focus on lifelong learning and upskilling, catering to professionals seeking to stay relevant in their fields. These trends indicate a dynamic period of growth and evolution for technical and trade schools, aligning closely with technological advancements and workforce requirements.

  • Investment in renewable energy and grid modernization continues to accelerate.
  • Regulatory changes and sustainability initiatives are shaping long-term growth.
  • Operational efficiency and technology adoption are key focus areas.

Industry Comparison

How this industry compares to all industries.

Return on Investment (ROI) 3%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 60%

Loan Failure Rate 4%
BOTTOM TOP
10% 25% median 25% 10%

Percentile Rank among all Industries: 12%

Total Companies in this Industry 1,030
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Explore related industries

  • NAICS 61151 Technical and Trade Schools
  • NAICS 611511 Cosmetology and Barber Schools
  • NAICS 611512 Flight Training
  • NAICS 611513 Apprenticeship Training
  • View all related industries

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