Report

Private Tutoring Market Size, Share & Trends Analysis - Global Opportunity Analysis And Industry Forecast 2030

  • Publish Date: May,2022
  • Report ID: QI039
  • Page : 200
  • Report Type : PDF (Email)
The global private tutoring market size was US$ 91.1 billion in 2021. The global private tutoring market is forecast to grow to US$ 201.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 8.9% during the forecast period from 2022 to 2030.

Factors Influencing the Market
The market growth is fuelled by the factors, such as growing awareness about the benefits of private tutoring. Furthermore, growing urbanization and rising demand for efficient education will drive the growth of the market.
Private tutoring offers one-on-one instruction to students from schools or organizations. In addition, creating and adhering to a personalized strategic plan allows students to manage academics with fewer distractions. Thus, benefits such as growth in intrinsic motivation, and efficiency will contribute to the growth of the market.
Individualized and adaptive microlearning is gaining popularity because it provides learners with brief and relevant content that fills knowledge gaps. Furthermore, increased competition among children for admission to prestigious schools will almost certainly have an impact on the overall private tutoring market in the future.
Creating and adhering to a personalized strategic plan allows students to manage academics with fewer distractions, boost intrinsic motivation, and increase efficiency. Moreover, increased competition among children for admission to prestigious schools will surge the growth of the overall market.
As their income grows, parents passionately enroll their children in private schools to adequately meet their children's learning needs. As a result, parents are investing in their children's education, such as private tutoring or elementary education tutoring, which is a growing trend in the global education system.
Furthermore, strategic alliances among major players will benefit the market during the study period. For example, Vedantu, an e-learning platform, inked the acquisition of Instasolv, a question-answering app. The app is specifically designed for students studying in classes 6 to 12 for the science and mathematics IITJEE and NEET.

COVID-19 Impact Analysis
The wake of the COVID-19 pandemic had been opportunistic for the online education providers. Private tutoring emerged as a beneficial concept to continue studies without any complications. Various tutors started offering online classes to help students with their studies. Thus, it escalated the growth of the global private tutoring market.

Regional Analysis
Geographically, North America is expected to hold the highest revenue share. It has gained popularity as a result of the increased accessibility of customized courses. Market participants offer a customized platform that allows students to advance based on their abilities.
Growing government investment in education is assisting market participants in launching customized private tutoring courses will also drive the market forward.
Furthermore, in 2021, Asia Pacific is expected to have a high CAGR in the global private tutoring market. The Asia-Pacific region is expected to see significant growth in the private tutoring industry as a result of emerging economies such as India. Government-led strategic advancements, such as government-funded educational initiatives in rural areas, are expected to drive growth in online tutoring services.

Competitors in the Market
Sylvan Learning, LLC
Kumon Institute of Education Co., Ltd.
Ambow Education Holding Ltd.
Action Tutoring
Educomp Solutions Ltd.
TAL Education Group
Chegg, Inc.
Other Prominent Players

Market Segmentation
By Subjects
Academic
Non-Academic
By Application
Up-to-K-12
Post K-12
By Course Type
Curriculum-based Learning
Test Preparation Carrier-based
STEM
By Mode
Offline
Online
By Regional Outlook
? North America
o The U.S.
o Canada
o Mexico
? Europe
? Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
? Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe
? Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
? Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
? South America
o Brazil
o Argentina
o Rest of South America