The private tutoring market size was valued at $29,566.3 million in 2020 and is estimated to reach $123,511.4 million by 2030, registering a CAGR of 9.4% from 2021 to 2030.
Private tutoring is method of teaching, in which, parents hire paid teachers and trainers to helps their children to get good grades in academic education and to enhance the performance in sports and arts.
High income families often tend to spend more on a child's growth as they can afford high quality services. Furthermore, increasing awareness and importance regarding the education and associated benefits such as government and private job opportunities are likely to promote the growth of the private tutoring market during the forecast period.
Online tutoring is emerging as a popular form of private tuitions for students across the world, largely due to the convenience and multi-utility features of the medium. The increasing number of nuclear households and growing number of dual income families implies that parents find little time to spend on their children`s education.
Social distancing, increased spread of Corona virus, decreased spending for education and job losses are some of the factors hinders the growth of the private tutoring market in COVID-19 pandemic period. However, online learning platforms had gained major traction, where people can take coaching without physical presence in the classroom.
According to the private tutoring market analysis, the private tutoring market segmented into type, end user, course type and region. On the basis of type, the market is categorized into online and offline and blended. On the basis of end user, the market is segmented into, preschool and primary students, middle school students, high school students and college students. By course type, market is categorized into, academics, arts, sports and other training. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and Rest of LAMEA).
Asia-Pacific has gained major share in global private tutoring market in 2020 and is expected to sustain its share during the forecast period. In developing economies including China and India, competitive entrance exams such as The Graduate Record Examination (GRE), Graduate Management Admission Test (GMAT), and The Scholastic Aptitude Test (SAT) are critically important exams, students can get admissions through these exams in leading universities and colleges. Thus, students work hard to pass in these exam, which in turn increase the demand for private tutoring services.
The major players operating in the market ArborBridge, BenchPrep, Ambow Education Holding Ltd., Chegg, Inc., Mathnasium LLC, Tutor Doctor, Tutoring Club, LLC, Kumon Institute of Education Co., Ltd., Sylvan Learning, LLC and TAL Education Group.
Private tutoring is method of teaching, in which, parents hire paid teachers and trainers to helps their children to get good grades in academic education and to enhance the performance in sports and arts.
High income families often tend to spend more on a child's growth as they can afford high quality services. Furthermore, increasing awareness and importance regarding the education and associated benefits such as government and private job opportunities are likely to promote the growth of the private tutoring market during the forecast period.
Online tutoring is emerging as a popular form of private tuitions for students across the world, largely due to the convenience and multi-utility features of the medium. The increasing number of nuclear households and growing number of dual income families implies that parents find little time to spend on their children`s education.
Social distancing, increased spread of Corona virus, decreased spending for education and job losses are some of the factors hinders the growth of the private tutoring market in COVID-19 pandemic period. However, online learning platforms had gained major traction, where people can take coaching without physical presence in the classroom.
According to the private tutoring market analysis, the private tutoring market segmented into type, end user, course type and region. On the basis of type, the market is categorized into online and offline and blended. On the basis of end user, the market is segmented into, preschool and primary students, middle school students, high school students and college students. By course type, market is categorized into, academics, arts, sports and other training. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and Rest of LAMEA).
Asia-Pacific has gained major share in global private tutoring market in 2020 and is expected to sustain its share during the forecast period. In developing economies including China and India, competitive entrance exams such as The Graduate Record Examination (GRE), Graduate Management Admission Test (GMAT), and The Scholastic Aptitude Test (SAT) are critically important exams, students can get admissions through these exams in leading universities and colleges. Thus, students work hard to pass in these exam, which in turn increase the demand for private tutoring services.
The major players operating in the market ArborBridge, BenchPrep, Ambow Education Holding Ltd., Chegg, Inc., Mathnasium LLC, Tutor Doctor, Tutoring Club, LLC, Kumon Institute of Education Co., Ltd., Sylvan Learning, LLC and TAL Education Group.
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the global private tutoring market with current trends and future estimations to elucidate the imminent investment pockets in the market.
- The report provides information regarding drivers, restraints, and opportunities with impact analysis.
- A quantitative analysis from 2020 to 2030 is provided to showcase the financial competency of the market.
- Porter’s five forces model of the industry illustrates competitiveness of the market by analyzing various parameters such as threat of new entrants, threat of substitutes, bargaining power of the buyers, and bargaining power of the suppliers operating in the market.
- Value chain analysis in the report provides a clear understanding of the roles of stakeholders involved in the value chain.
- Competitive intelligence highlights business practices followed by leading market players across various regions.
KEY MARKET SEGMENTS
By Type
- Online
- Offline and Blended
By End User
- Preschool and Primary Students
- Middle School Students
- High School Students
- College Students
By Course type
- Academics
- Arts
- Sports
- Other training
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- Australia
- South Korea
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of LAMEA
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: PRIVATE TUTORING MARKET, BY TYPE
CHAPTER 5: PRIVATE TUTORING MARKET, BY END USER
CHAPTER 6: PRIVATE TUTORING MARKET, BY COURSE TYPE
CHAPTER 7: PRIVATE TUTORING MARKET, BY REGION
CHAPTER 8: COMPETITION LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 251 |
| Published | October 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 50296.04 million |
| Forecasted Market Value ( USD | $ 123511.4 million |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
