Growing awareness of literacy and the value of education has significantly aided the growth of the entire education sector as well as related businesses. Subjects such as mathematics and science are valued more highly because they help a child develop a career. A typical student, on the other hand, finds it difficult to master courses in school and requires additional coaching to grasp the concepts and pass the exam. These factors have increased global demand for private tutoring or shadow education services that can provide individualised learning.
Private Tutoring Market Scope:
The report contains a qualitative and quantitative analysis of the Private Tutoring Market segmented by economic and non-economic factors. It also includes a thorough examination of the Private Tutoring industry from various angles using Porter's five forces analysis. The report delves into the Private Tutoring Market along the value chain. The report provides historical data and forecasts revenue growth at the country, regional, and global levels, as well as an analysis of market trends in each sub-segment and region. The report's competitive landscape includes details by Private Tutoring competitors such as company overview, financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The bottom-up approach was used to estimate the size of the national and regional Private Tutoring markets.
Private Tutoring Market Overview:
Stellar Market Research provides a detailed description of the Private Tutoring Market, allowing you to better understand its features. The Private Tutoring research paper details the projected statistics, significant advancements, and income.
Private Tutoring Market Size was valued at USD 100.49 billion in 2021. Global Private Tutoring Market size is estimated to grow at a CAGR of 8.4 % over the forecast period.
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Private Tutoring Market Segmentation:
Because of its greater convenience, the online channel would grow the fastest. The market is segmented using both online and offline methods. Although group or classroom tutoring has grown in popularity in recent years, the offline approach is likely to account for the majority of home tutoring. A tutor can directly observe a student's development or areas of weakness and provide additional attention or better answers as needed. Because technology allows both teachers and students to deliver and receive instruction from anywhere in the world, the preference for online learning has shifted.
Over 84% of students said that online tutoring was either more effective or equally successful as in-person tutoring. Students, parents, and tutors who took part in a study noted significant benefits of online tutoring, such as flexible class scheduling, searchable lesson recordings, and a more calm and concentrated environment. Because tutors now post their recordings online, it is much easier to locate them later for learning or reviewing the material.
There are several market segments for academic and non-academic subjects. As more students seek extra tutoring for difficult courses or to perform well on exams in high-scoring areas, the academic subjects segment's market share is expected to grow significantly. Mathematics was reported to be the most frequently privately tutored subject, with 66% of surveyed students (roughly two-thirds) receiving private instruction, followed by physics with 43%. Non-academic courses, such as learning a second language or subjects related to the arts, are becoming increasingly popular. This is due to an increase in parental desire to engage their children.
Private Tutoring Market Key Players:
Chegg, Inc. (Santa Clara, U.S.)
Mathnasium LLC (Los Angeles, 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.)
Regional Analysis:
Each regional Private Tutoring market sector is extensively researched to determine its current and future growth prospects. This assists clients in expanding their businesses. The market report covers all five regions as well as their country distribution. The Private Tutoring report also includes information on their market size and trends.
Key Questions answered in the Private Tutoring Market Report are:
- What is Private Tutoring ?
- What are the trends in the Private Tutoring Market?
- What are the upcoming industry applications and trends for the Private Tutoring Market?
- What are the factors contributing to the final price of Private Tutoring ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Private Tutoring Market?
- How is the intervention from regulatory authority shaping the Private Tutoring Market?
- What growth strategies are the players considering to increase their presence in Private Tutoring ?
- Who are the leading manufacturers in Private Tutoring Market?
- What are the major challenges that the Private Tutoring Market could face in the future?
- Which region held the largest Private Tutoring market share?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis of each segment and their sub-segments
- Landscape- Leading key players and other prominent key players.
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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