The Fine Arts Schools industry has developed a creative edge over the five years to 2015. Revenue growth began to rebound in 2010 as the economy started to recover from the recession and schools' endowment funds and corporate profit bounced back. Additionally, still-high unemployment brought strong demand from a larger number of individuals who were out of work. Industry revenue growth will improve from the previous five-year period because of stronger investment returns from endowment funds and higher tuition revenue.
This industry primarily includes establishments that offer instruction in the arts, including art, dance, drama, music and photography. The industry does not include programs that offer academic degrees, even if they specialize in fine arts. This industry also does not include commercial and graphic arts and commercial photography instruction, as these subjects are included in the Trade & Technical Schools industry (IBISWorld report 61151).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.