Overview and Scope
Private tutoring is academic tutoring that offers one-on-one education to students to support them in achieving their educational or personal learning objectives. They are employed to assist students with specific courses or exam preparation.
Sizing and Forecast
The private tutoring market size has grown strongly in recent years. It will grow from $110.96 billion in 2023 to $120.88 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to academic pressure, government policies and funding, shift in parenting styles, growing middle-class families, cultural emphasis on education, urbanization and busy lifestyles.
The private tutoring market size is expected to see strong growth in the next few years. It will grow to $171.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rapid changes in curriculum, demand for supplemental education, rise in homeschooling, focus on individualized learning, global competition in education, test preparation services. Major trends in the forecast period include introduction of digital platforms, focus on smart-classes, strategic collaborations, ai integration in classes.
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Segmentation & Regional Insights
The private tutoring market covered in this report is segmented –
1) By Type: Curriculum-Based Learning, Test Preparation
2) By Course Type: Academics, Arts, Sports, Other Types
3) By Mode: Offline, Online
4) By Application: Up-To-K-12, Post-K-12
5) By End User: Preschool And Primary Students, Middle School Students, High School Students, College Students
Asia-Pacific was the largest region in the private tutoring market in 2023. The regions covered in the private tutoring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of students is expected to propel the growth of the private tutoring market going forward. Private tutoring provides personalized academic support, exam preparation, specialized learning assistance, coaching for extracurricular activities, guidance for college admissions, and boosts students’ confidence and self-esteem in competitive environments. For instance, in July 2022, according to Inside Higher Ed, a US-based publishing agency, Harvard University admitted 1,954 students out of a pool of 61,220 applicants, resulting in an admission rate of 3.19% in 2023. Further, Yale University accepted 2,234 applicants from 50,015, yielding an admit rate of 4.47%. Therefore, the increasing number of students is driving the growth of the private tutoring market.
Key Industry Players
Major companies operating in the private tutoring market report are TAL Education Group Inc., Sylvan Learning LLC, Kaplan Inc., Chegg Inc., Tutor Doctor Management Services Inc., Wyzant Inc., Kumon Institute of Education Co Ltd., Daekyo Co Ltd., BYJU’S, Huntington Learning Center, Vedantu.com, Varsity Tutors LLC, Prodigy, Ambow Education Holding Ltd., StudyPoint Inc., Preply Inc., Khan Academy, Superprof, Revolution Prep LLC, Outschool Inc., Yup Technologies Inc., universitytutor.com, Schoolhouse.world, UPchieve Inc., ArborBridge, Spires Online Tutors, TutorMe LLC, Mathnasium LLC, Suprex Learning LLC, TutaPoint.com.
The private tutoring market report table of contents includes:
- Executive Summary
- Private Tutoring Market Characteristics
- Private Tutoring Market Trends And Strategies
- Private Tutoring Market – Macro Economic Scenario
- Global Private Tutoring Market Size and Growth
- Private Tutoring Market Segmentation
- Private Tutoring Market Regional And Country Analysis
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- Key Mergers And Acquisitions In The Private Tutoring Market
- Private Tutoring Market Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Private Tutoring Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Private Tutoring Market, Segmentation By Course Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Private Tutoring Market, Segmentation By Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 76: TAL Education Group Inc. Financial Performance
Table 77: Sylvan Learning LLC Financial Performance
Table 78: Kaplan Inc. Financial Performance
Table 79: Chegg Inc. Financial Performance
Table 80: Tutor Doctor Management Services Inc. Financial Performance
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