New York, NY, Jan. 22, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Private Tutoring Market by Type (Online, and Blended) and by End-User (Preschool Children, Primary School Students, Middle School Students, High School Students, and College Students): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018—2026”. According to the report, the global private tutoring market was valued at approximately USD 96,218 million in 2017 and is expected to generate around USD 177,621 million by 2026, at a CAGR of around 7.1% between 2018 and 2026.
Private tutoring, also known as shadow tutoring, is a type of structured set of educational activities that are developed outside of the school. The main objective of private tutoring is to improve student performance related to academics. It provides one-on-one educational assistance to students, from elementary school to college.
Browse through 49 Tables & 22 Figures spread over 110 Pages and in-depth TOC on “Global Private Tutoring Market Size & Share 2018: By Type, Trends, Applications, Growth, Analysis and Forecast, 2018—2026”.
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The increasing competition among the students for getting admission into renowned colleges is likely to fuel the private tutoring market across the globe in the future. With the increase in income, parents are willingly enrolling their children to private tutorials to manage their children’s learning requirements in a better way. The growing number of students enrolling in private tutoring due to cut-throat competition in competitive exams is another factor anticipated to drive the private tutoring market globally in the years ahead.
The private tutoring market is divided based on type and end-user. Based on the type, the market for private tutoring is bifurcated into blended and online. As the online teaching techniques have been introduced recently and the teaching staff is not efficiently trained with its usage, the blended segment held the largest share of the private tutoring market in the year 2017. By end-user, the private tutoring market is divided into preschool children, primary school students, middle school students, high school students, and college students. The rising competition among the students for getting to renowned colleges and the growing awareness about private tutoring among both the parents and students are likely to fuel the growth of high school student segment in the upcoming years. This segment held around a 29% share of the global private tutoring market.
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By region, the global private tutoring market includes Asia Pacific, Latin America, Europe, North America, and the Middle East and Africa. The North American private tutoring market held the largest share, i.e., 32%, of the global private tutoring market in 2017. This regional dominance can be attributed to the well-established educational system, a large number of immigration students, and rising competition. Another factor likely to fuel this regional market in the future is the rising demand for tutoring across the region due to the declining quality of public education. The U.S. is anticipated to dominate the North American market due to a rapid increase in the number of students enrolling for private tuitions due to increased competition.
The European market is likely to propel to grow at a high rate in the upcoming years. It held the second largest share of the private tutoring market globally in 2017. The introduction of new technologies, rise in the number of immigrant students due to rise in the quality of education in developed nations, and increased competition in the education sector with the presence of renowned universities is expected to boost the European private tutoring market in the future.
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Asia Pacific is anticipated to show the highest rate of growth in the future, owing to growing awareness about the importance of education and rising investments related to education, and increasing disposable income. According to research, money invested by Koreans on private tutoring is approximately equal to the money spent by Americans on video games. This rise in the investment in both developed and developing countries in the Asia Pacific region is anticipated to propel the growth of the private tutoring market in the future.
The Latin American and the Middle Eastern and African markets are anticipated to show steady growth over the estimated timeframe, due to the increasing students desire to obtain education from reputed national and international institutes.
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Some key players of the global private tutoring market are Ambrow Education, American Tutor, Brighter Minds Tutoring, Chegg, Eduboard, EF Education First, iTutorGroup, Kaplan, Mandarin Rocks, Manhattan Review, MindLaunch, New Oriental, TAL Education, TutorZ, Web International English, and Xueda Education, among others.
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This report segments the global private tutoring market into:
Global Private Tutoring Market: Type Analysis
Global Private Tutoring Market: End-User Analysis
Global Private Tutoring Market: Regional Analysis
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