Public Schools K-12
- ID: 302413
- July 2015
- Region: United States
- 10 pages
- First Research
Brief Excerpt from Industry Overview Chapter:
Institutions in this industry provide primary and secondary classroom education as part of public school systems. The biggest US districts include New York City Public Schools, Los Angeles Unified, and City of Chicago School District 299.
Global K-12 education had an estimated market size of about $2.2 trillion in 2012; that figure is expected to grow to about $2.9 trillion by 2017, according to Gilfus Education Group.
About 13,500 US public school districts with about 98,500 schools provide education for about 50 million K-12 students and have combined annual revenue of about $605 billion.
Demand is driven by demographics. The success of individual schools depends largely on funding, the ability to attract effective teachers, and student performance; parental support can be a contributing factor. Schools in affluent communities may receive more local funding support and be able to offer a wider range of instruction. School districts vary greatly in size; the 100 largest US districts serve about 20 percent of all students.
PRODUCTS, OPERATIONS & TECHNOLOGY
The average US public school has about 520 students; elementary schools typically are smaller (480 students) and secondary schools (middle and high schools) larger (790 students). The average student/teacher ratio is 16:1. The high school graduation rate for US public school students is about 80 percent.
Public schools provide education in basic subjects through a curriculum that is relatively similar in all schools. Students are usually grouped by age. In addition to regular school...