Global Private Tutoring Market was valued at US$ 96.2Bn in 2019 and is expected to reach US$ 180.2Bn by 2026 at a CAGR of 8.19% during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Global Private Tutoring Market Dynamics:
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding the global private tutoring market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in the global private tutoring market.
Education is considered the social ladder to achieve success in personal & professional life. Higher education is associated with increased opportunities in the labour market, high remunerations, and developed social standing. People are hence investing heavily in children’s education, including private tutoring or private supplementary tutoring which is emerging as a main phenomenon in the global education system. The adoption of private tutoring services is higher in urban areas related to rural regions.
The difference in penetration levels of tutoring in urban and rural areas is attributed to factors for instance relatively higher level of competition in urban centres, high educational qualifications of parents in urban areas, and better socio-economic status of the urban population. Technological advances in the field of learning have very transformed the education sector and helped schooling and learning go beyond conventional classroom teaching.
The online learning method is leading the global private tutorial market. Online learning includes courses offered by postsecondary institutions that are 100% virtual, excluding massively open online courses (MOOCs). In the field of higher education, there are two distinct methods in which a learner can engage with an academic institution, the traditional method of brick-and-mortar facilities and the virtual method via online learning.
Curriculum-based learning accounted for the largest private tutoring market share in the US during the forecast period. The curriculum-based learning sub-segment will witness a decrease in its market share but will remain the market leader for the next five years.
Global Private Tutoring Market Regional Analysis:
Region-wise, the Asia Pacific is expected to show the highest rate of growth in the future, because of growing awareness about the importance of education and increasing investments related to education, and growing disposable income. According to research, money invested by Koreans in private tutoring is nearly equal to the money spent by Americans on video games. This rise in investment in both developed and developing countries in the Asia Pacific region is projected to propel the growth of the private tutoring market in the future.
Global Private Tutoring Market, Key Highlights:
• Global Private Tutoring Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Private Tutoring Market
• Global Private Tutoring Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Private Tutoring Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Private Tutoring Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Private Tutoring Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
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Global Private Tutoring Market
Global Private Tutoring Market : Key Players
• Ambow Education Holding Ltd.
• A Plus-All Subjects Tutoring, Inc.
• Building Educated Leaders for Life
• Chegg, Inc.
• Club Z, Inc.
• Daekyo Co., Ltd.
• Educomp Solutions Ltd.
• Fleet Education Services Limited
• Huntington Learning Centers, Inc.
• JEI Learning Centers
• Kaplan, Inc.
• Kumon
• Mandarin House
• Mathnasium LLC
• New Oriental Education and Technology Group
• Sylvan Learning Inc.
• TAL Education Group
• Tutor Doctor
• Tutor.com, Inc.
• Tutoring Club, Inc.
• Tutors in China
• Varsity Tutors LLC
• Xueda Education Grou
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