Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 66.14 Billion | USD 153.42 Billion | 9.8% | 2023 |
According to Zion Market Research, the global Private Tutoring Market was worth USD 66.14 Billion in 2023. The market is forecast to reach USD 153.42 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.8% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Private Tutoring Market industry over the next decade.
The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on value (USD Billion).
Private tutoring is a type of organized set of instructive events which are produced out of the school premises. The key aim of private tutoring is to improve the student performance in academics. Moreover, private tutoring activities offer one-on-one instructive aid for assisting students from school to college. Furthermore, education is termed as social ladder for acquiring professional success as well as personal success. Higher studies are related to rise in employability, high proportion of compensation, and enhanced social status. Hence, parents are investing a large amount of their finance in child’s education that also comprises of private tuitions. Moreover, the acceptance of private tutoring is more in urban areas in comparison to rural ones.
Market Growth Dynamics
The cut-throat competition witnessed among the students for getting into reputed schools and colleges is predicted to steer the expansion of private tutoring industry over the ensuing years. Apart from this, a prominent rise in the parent income has resulted in more kids enrolling in private tuitions due to tough competitive tests. This, in turn, will proliferate the market expansion in the years ahead. Additionally, rise in the penetration of massive online open courses is propelling the need for online learning activities and this will prompt the business landscape. Apart from this, personalized learning also depicts the current trends in education domain and this will add to the market proceeds in the foreseeable future.
With many of the learning approaches becoming institution driven, the idea of customizing learning is slated to accelerate in the coming decade, thereby driving the business growth.
The study provides a decisive view of the Private Tutoring Market by segmenting the market based on by type, by end-user and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By Type Analysis Segment includes Online and Blended.
By End-User Analysis Segment includes Preschool Children, Primary School Students, Middle School Students, High School Students, College Students.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Private Tutoring Market |
Market Size in 2023 | USD 66.14 Billion |
Market Forecast in 2032 | USD 153.42 Billion |
Growth Rate | CAGR of 9.8% |
Number of Pages | 110 |
Key Companies Covered | Manhattan Review, EF Education First, Ambrow Education, Web International English, New Oriental, American Tutor, TutorZ, TAL Education, Brighter Minds Tutoring, Chegg, Eduboard, iTutorGroup, Kaplan, Mandarin Rocks, MindLaunch, and Xueda Education |
Segments Covered | By Type, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market Growth To Reach Scalable Heights By 2026
The growth of the market in the sub-continent over 2018-2026 is credited to large number of immigrant students in the countries like the U.S. and Canada. Apart from this, a well-established educational system and tough competition witnessed in the region will propel the regional market growth in the years ahead. In addition to this, massive focus on competitive exams and career-oriented approach among both the parents and the children will further embellish the regional market trends.
Key participants profiled in the report include Manhattan Review, EF Education First, Ambrow Education, Web International English, New Oriental, American Tutor, TutorZ, TAL Education, Brighter Minds Tutoring, Chegg, Eduboard, iTutorGroup, Kaplan, Mandarin Rocks, MindLaunch, and Xueda Education.
This report segments the global private tutoring market into:
Global Private Tutoring Market: Type Analysis
Global Private Tutoring Market: End-User Analysis
By Region
FrequentlyAsked Questions
The cut-throat competition witnessed among the students for getting into reputed schools and colleges is predicted to steer the expansion of private tutoring industry over the ensuing years. Apart from this, a prominent rise in the parent income has resulted in more kids enrolling in private tuitions due to tough competitive tests. This, in turn, will proliferate the market expansion in the years ahead. Additionally, rise in the penetration of massive online open courses is propelling the need for online learning activities and this will prompt the business landscape. Apart from this, personalized learning also depicts the current trends in education domain and this will add to the market proceeds in the foreseeable future.
According to Zion market research report, the global Private Tutoring market, which was estimated at USD 66.14 Billion in 2023 and is predicted to accrue earnings worth USD 153.42 Billion by 2032, is set to record a CAGR of nearly 9.8% over 2024-2032.
North America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2018-2026 can be credited to large number of immigrant students in the countries like the U.S. and Canada. Apart from this, a well-established educational system and tough competition witnessed in the region will propel the regional market growth in the years ahead. In addition to this, massive focus on competitive exams and career-oriented approach among both the parents and the children will further embellish the regional market trends.
The key players profiled in the report include Manhattan Review, EF Education First, Ambrow Education, Web International English, New Oriental, American Tutor, TutorZ, TAL Education, Brighter Minds Tutoring, Chegg, Eduboard, iTutorGroup, Kaplan, Mandarin Rocks, MindLaunch, and Xueda Education.
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