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Private Tutoring Market Analysis By Future Demand, Top Players, Size, Share, Opportunities, Revenue and Growth Rate Through 2028

The global private tutoring market size is expected to reach USD 171.93 billion by 2028, exhibiting a CAGR of 8.3% during the forecast period. The private tutoring market size stood at USD 92.59 billion in 2020.

The Report Lists the Key Companies in the Market:

  • Chegg, Inc. (Santa Clara, 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.)
  • Daekyo Co., Ltd. (Seoul, South Korea)
  • Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
  • Kaplan Inc. (New York, U.S.)
  • Action Tutoring (London, U.K.)

Market Driver:

Increasing Participants in Competitive Exams to Incite Growth

The rising difficulty in level entrance exams by renowned schools or universities can create lucrative opportunities for this market.

Key Players Assessment in this Research:

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in this private tutoring market
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

Key Players Assessment in this Research:

  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in this private tutoring market
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

Research Report Aim & Scope:

  • The report presents the estimated market size by the end of forecast period.

Research Report Aim & Scope:

  • The report presents the estimated market size by the end of forecast period.

Segments Covered:

By Subjects

  • Academic
  • Non-academic

Application

  • Up-to K-12
  • Post K-12

Mode

  • Offline
  • Online

Remote Teaching to Amplify Growth During Coronavirus

The temporary closure of education institutes due to the pandemic has adversely impacted the education industry. As per the article, ’The Impact of the Covid-19 Pandemic on Education Financing’, published in May 2020 by World Bank Group, the real growth in education spending per capita in all countries, as per downside forecast, was estimated to decline at a rate of -5.7% in 2020. However, the shift towards online education will consequently stabilize the private tutoring market revenue amid COVID-19. Besides, the growing popularity of online learning due to its convenience will boost the private tutoring market growth. 

Regional Analysis:

Surging Demand for Coaching Classes to Augment Growth in Asia Pacific

The market in Asia Pacific is expected to hold the largest private tutoring market share during the forecast period. The growth is attributed to coaching classes’ popularity primarily in China, Japan, South Korea, and Southeast Asian nations. In May 2020, the press release of Yonhap News Agency reported the results of an annual survey conducted by the National Statistics Korea and the Ministry of Gender Equality and Family. It was reported that, in 2019, about ¾th of the students received private tutoring in South Korea, wherein students spent, on an average, 6.5 hours/week for this tutoring. Also, the increasing middle-class population is likely to spur business opportunities for the private tutoring market in Asia Pacific.

Regional Analysis:

Surging Demand for Coaching Classes to Augment Growth in Asia Pacific

Notable Development:

September 2019: Chegg, Inc., an American education technology company based in Santa Clara, California, announced that it has acquired Thinkful, an online learning platform offering professional courses in America.

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