Table of Contents
This report forecasts US personal consumption expenditures (PCE) on education services in nominal and real (inflation-adjusted) US dollars to 2020. Government spending on elementary and secondary school instruction in real dollars and select US demographic segments are also forecast to 2020. Total PCE is segmented by service in terms of: proprietary and public higher education, nonprofit private higher education, elementary and secondary, day care and nursery, and commercial and vocational.
To illustrate historical trends, total spending and the various segments are provided in annual series from 2005 to 2015. A Market Environment section provides pertinent background on historical trends, key economic indicators, demographic trends, regulatory factors, and international education. A Segmentation and Forecasts section defines services, discusses market drivers and constraints, identifies substitute services when applicable, and assesses the impact of key drivers and constraints on each service over the forecast period.
Further analysis includes an Industry Structure section, which surveys the supply base and profiles the leading firms competing to serve US demand. A one-page, introductory Highlights section summarizes key findings from this 24-page report, and a Resources section lists contributing sources as well as resources available for further research.
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