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Intense Competition among Students and the Growing Need to Achieve Academic Excellence Drive the Global Private Tutoring Market


Published: September 2016

REPORT STATISTICS


  • Code: MCP-1597
  • Pages: 223
  • Tables: 68
  • Companies: 85


PRIVATE TUTORING: A RESEARCH BRIEF

The global market for Private Tutoring Services is forecast to reach US$227 billion by 2022, driven by the growing pressure on students to improve overall grades, rising student preference for individualized self-paced academic tutoring plans, and the need to acquire competency and knowledge skills to compete in the tough and competitive labor market. The cornerstone for growth in the market is the growing perception of education as an investment in human capital with payoffs in the form of well-paying jobs, higher remuneration, improved social standing and success in personal and professional life. Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 10.2% over the analysis period. The growth in the region is led by factors such as growing importance of education especially in developing economies which offer attractive opportunities for skilled labor, increasing desire among students to gain admission into prestigious universities, increased spending on private tutoring among the expanding base of educated and affluent middle class population, skilled labor migration into developing economies and the resulting increase in competition in the education and labor markets. 

    Summary of Findings

  • Personalized Learning and Individualized Instruction for a More Superior Learning Experience Drive the Emphasis on Private Tutoring as the Most Effective Academic-Support Strategy
  • Growing Proportion of National Wealth Spent on Education Benefits Growth in the Private Tutoring Market
  • Development of Internet Infrastructure and Widespread Availability of Cheap and Fast Bandwidth Spur the Importance of Virtual Online Private Tutoring
  • Lack of Adequate Funding for Public Schools and Education Systems in Developing Countries Drive Demand for Private Tuitions
  • Importance Placed by Society and Parents on Scholastic Achievement and Educational Budget Cuts by Deficit Laden Governments Fuel Demand for Private Tutoring Services

    Timeline for Analysis

  • Market Estimates and Forecasts for 2015-2022
  • Historic Review 2009-2014

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Greece, and Rest of Europe), Asia-Pacific (China, India, South Korea, and Rest of Asia-Pacific), and Rest of World

    Market Segmentation & Classification

  • Private Tutoring Service Revenues

MAJOR PLAYERS

  • A Plus-All Subjects Tutoring, Inc.
  • Building Educated Leaders For Life
  • Chegg
  • Club Z! Tutoring Services
  • Daekyo Co., Ltd.
  • Educomp Solutions Ltd.
  • Extramarkstutors.com
  • Fleet Tutors

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable