Global English Language Learning Market to Reach $43.6 Billion by 2027
In the changed post COVID-19 business landscape, the global market for English Language Learning estimated at US$15.4 Billion in the year 2020, is projected to reach a revised size of US$43.6 Billion by 2027, growing at a CAGR of 16% over the analysis period 2020-2027. Offline, one of the segments analyzed in the report, is projected to record a 14.7% CAGR and reach US$26 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Online segment is readjusted to a revised 16.6% CAGR for the next 7-year period.The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 20.5% CAGR
The English Language Learning market in the U.S. is estimated at US$4.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$10 Billion by the year 2027 trailing a CAGR of 20.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 14% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.8 Billion by the year 2027.Blended Segment to Record 19.9% CAGR
In the global Blended segment, USA, Canada, Japan, China and Europe will drive the 19.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.8 Billion in the year 2020 will reach a projected size of US$6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 21.8% CAGR through the analysis period.Select Competitors (Total 17 Featured) -
- Berlitz Languages, Inc.
- Edusoft Ltd.
- EF Education First
- Global Education Limited
- HAWO English International, Inc.
- Houghton Mifflin Harcourt (HMH)
- inlingua International Ltd.
- Linguatronics, LC
- McGraw-Hill Education
- New Channel International Education Group Limited
- New Oriental Education & Technology Group
- OKpanda, Inc.
- Pearson English Language Teaching (ELT)
- Rosetta Stone Ltd.
- Sanako Corporation
- Sanoma Group
- SANS Inc.
- Shenzhen METEN International Education & Technology Co. Ltd.
- Transparent Language, Inc.
- TutorABC Inc
- Vipkid
- Voxy, Inc.
- WSE Hong Kong Limited
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and a Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 263 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 15.4 Billion |
Forecasted Market Value ( USD | $ 43.6 Billion |
Compound Annual Growth Rate | 16.0% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
A selection of companies mentioned in this report includes:
- Berlitz Languages, Inc.
- Edusoft Ltd.
- EF Education First
- Global Education Limited
- HAWO English International, Inc.
- Houghton Mifflin Harcourt (HMH)
- inlingua International Ltd.
- Linguatronics, LC
- McGraw-Hill Education
- New Channel International Education Group Limited
- New Oriental Education & Technology Group
- OKpanda, Inc.
- Pearson English Language Teaching (ELT)
- Rosetta Stone Ltd.
- Sanako Corporation
- Sanoma Group
- SANS Inc.
- Shenzhen METEN International Education & Technology Co. Ltd.
- Transparent Language, Inc.
- TutorABC Inc
- Vipkid
- Voxy, Inc.
- WSE Hong Kong Limited