Private Tutoring Market Overviews
Private Tutoring Market was valued at USD 128.77 billion in 2023. Global Private Tutoring Market size is estimated to grow at a CAGR of 8.4 % over the forecast period.
The growth of the entire education sector as well as related companies has been markedly boosted by growing awareness of literacy and the value of education. Because they aid a youngster in developing a job, subjects like mathematics and the sciences are seen as having greater value. However, a typical student typically finds it difficult to master courses in school and needs further coaching to grasp the concepts and pass the exam. These elements have increased demand for private tutoring or shadow education services that can provide individualized learning across the globe.
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Private Tutoring Market Scope and Methodology:
Market Drivers: Elite schools or universities accept students with better grades with strict requirements like passing challenging entrance exams or English language exams. The competition among students for admission to international schools or colleges has increased as a result of this. More than half of all surveyed students (57 %) in China, more than half of all surveyed students in India (55 %), and one in ten students in the United States had received private instruction outside of school.
Private Tutoring Market Regional Insights
The private tutoring market in Asia Pacific was valued at USD 70.85 billion in 2023. Asia Pacific region owned the majority of the global market due to a significant presence of additional coaching classes, particularly in China, Japan, South Korea, and Southeast Asian countries. The National Statistics Korea and the Ministry of Gender Equality and Family performed an annual poll in May 2021. In South Korea, about 34 of the pupils received private tutoring in 2023. These students reportedly spent, on average, 6.5 hours per week on this tutoring. A growing middle-class population would also contribute to the market growth in the Asia Pacific region.
Private TutoringMarket Segmentation
The online channel would have the fastest growth due to its greater convenience. Online and offline modes are used to segment the market. Although group or classroom tutoring has grown in popularity over the years, the offline approach is likely to account for a significant portion of home tutoring. A tutor can observe a student’s development or areas of weakness firsthand and give more attention or better answers as needed. The preference for online learning has changed as a result of technology, allowing both teachers and students to deliver and receive instruction from anywhere in the world.
Private Tutoring Market Key Players
Chegg, Inc. (Santa Clara, U.S.)
Mathnasium LLC (Los Angeles, U.S.)
Ambow Education Holding Ltd. (Beijing, China)
TAL Education Group (Beijing, China)
Mathnasium LLC (Los Angeles, U.S.)
Educomp Solutions Ltd. (Gurgaon, India)
Sylvan Learning, LLC (Baltimore, U.S.)
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Key questions answered in the Private Tutoring Market are:
- What is Private Tutoring ?
- What was the Private Tutoring market size in 2023?
- What is the growth rate of the Private Tutoring Market?
- Which are the factors expected to drive the Private Tutoring market growth?
- What are the different segments of the Private Tutoring Market?
- What growth strategies are the players considering to increase their presence in Private Tutoring ?
- What are the upcoming industry applications and trends for the Private Tutoring Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Private Tutoring Market?
- Who are the leading companies and what are their portfolios in Private Tutoring Market?
- What segments are covered in the Private Tutoring Market?
- Who are the key players in the Private Tutoring market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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