Private Tutoring Market to be Worth around 177,621 Million By 2026 – Zion Market Research
Global private tutoring market expected to generate around USD 177,621 million by 2026, at a CAGR of around 7.1% between 2018 and 2026. The increasing competition among the students for getting admission into renowned colleges is likely to fuel the private tutoring market across the globe in the future.
New York, United States – September 24, 2020 /MarketersMedia/ —
Zion Market Research has published a new report titled “Private Tutoring Market by Type (Online, and Blended) and by End-User (Preschool Children, Primary School Students, Middle School Students, High School Students, and College Students): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2026”. According to the report, the global private tutoring market was valued at approximately USD 96,218 million in 2017 and is expected to generate around USD 177,621 million by 2026, at a CAGR of around 7.1% between 2018 and 2026.
Private tutoring, also known as shadow tutoring, is a type of structured set of educational activities that are developed outside of the school. The main objective of private tutoring is to improve student performance related to academics. It provides one-on-one educational assistance to students, from elementary school to college.
The increasing competition among the students for getting admission into renowned colleges is likely to fuel the private tutoring market across the globe in the future. With the increase in income, parents are willingly enrolling their children to private tutorials to manage their children’s learning requirements in a better way. The growing number of students enrolling in private tutoring due to cut-throat competition in competitive exams is another factor anticipated to drive the private tutoring market globally in the years ahead.
The private tutoring market is divided based on type and end-user. Based on the type, the market for private tutoring is bifurcated into blended and online. As the online teaching techniques have been introduced recently and the teaching staff is not efficiently trained with its usage, the blended segment held the largest share of the private tutoring market in the year 2017. By end-user, the private tutoring market is divided into preschool children, primary school students, middle school students, high school students, and college students. The rising competition among the students for getting to renowned colleges and the growing awareness about private tutoring among both the parents and students are likely to fuel the growth of high school student segment in the upcoming years. This segment held around a 29% share of the global private tutoring market.
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By region, the global private tutoring market includes Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. The North American private tutoring market held the largest share of the global private tutoring market in 2017, owing to the well-established educational system, a large number of immigration students, and rising competition. The European market is likely to propel to grow at a high rate in the upcoming years, due to the increase in the awareness about private tutorials and the introduction of new technologies. The Asia Pacific is anticipated to show the highest rate of growth in the future, owing to increasing awareness about the importance of education and rising investments related to education. The Latin American and the Middle Eastern and African markets are anticipated to show steady growth over the estimated timeframe, due to the increasing students desire to obtain education from reputed national and international institutes.
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Some key players of the global private tutoring market are Ambrow Education, American Tutor, Brighter Minds Tutoring, Chegg, Eduboard, EF Education First, iTutorGroup, Kaplan, Mandarin Rocks, Manhattan Review, MindLaunch, New Oriental, TAL Education, TutorZ, Web International English, and Xueda Education, among others.
This report segments the global private tutoring market into:
Global Private Tutoring Market: Type Analysis
Online
Blended
Global Private Tutoring Market: End-User Analysis
Preschool Children
Primary School Students
Middle School Students
High School Students
College Students
Global Private Tutoring Market: Regional Analysis
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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