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Private Tutoring Market is Projected to Grow Expeditiously: to Reach USD 123.51 Billion by 2030, Report
The private tutoring market size is expected to reach $123,511.4 million by 2030, registering a CAGR of 9.4% from 2021 to 2030.
Private tutoring is a teaching method, in which student or parents hire paid teacher or trainer to provide personalized teaching. Private tutors helps students to clear their doubts and to enhance their performance in subjects where they are lacking behind.
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According to the private tutoring market analysis, the private tutoring market segmented into type, end user, course type and region. On the basis of type, the market is categorized into online and offline and blended. On the basis of end user, the market is segmented into, preschool and primary students, middle school students, high school students and college students. By course type, market is categorized into, academics, arts, sports and other training. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, Japan, Australia, South Korea, India and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa and Rest of LAMEA).
On the basis of type, the online segment has been gaining significant share in global private tutoring market and is estimated to reach $27,576.8 million by 2030 at a CAGR of 11.3%. Online tutoring is the process of tutoring in an online environment, Where tutor and student are in different geographic locations as well as in different time zones. It helps students to learn from the comfort of their home. Online and mobile learning platforms are increasingly used by students owing to benefits associated such as high affordability, improve student attendance and access to updated content.
According to the private tutoring market trends, on the basis of end user, the preschool and primary students segment is growing at highest CAGR growth rate and is estimated to reach $15,798.0 million by 2030. Preschool and primary plays vital role in building the foundation of children before they start their education. Rising parent awareness regarding early childhood education and rising nuclear families and working women are some of the attributes supporting the private tutoring market growth through preschool and primary student segment.
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On the basis of course type, the sports segments accounted for around 16.4% market share in 2020, with and is expected to grow at CAGR of 10.6% during the private tutoring market forecast period. Increasing participation of the students and adults in sports activities and rising expenditure for sports education has been creating demand for private tutoring market. People are encouraging their children for sports along with academics which can helps children to boost their confidence level, enhance physical health and further they can be encouraged to choose sports as career and passion. Several vendors in the market are enhancing their coaching facilities with the help of integration of technologies such as virtual reality and analytics. Thus, above mentioned factors are likely to spurs the growth of the market during the forecast period.
Region wise, Asia-Pacific private tutoring market is expected to witness highest growth at a CAGR of 10.7% during the forecast period. Increasing population, increasing need for education, aggressive competition and rise in disposable income are expected to drive the demand for private tutoring. Rising employment opportunities for engineering, medical and architecture disciplines, which motivate students and adults to gain expertise in such subjects, which in turn, creates demand for private tutor in Asia-Pacific region.
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The key players profiled in this report include ArborBridge
BenchPrep
Ambow Education Holding Ltd.
Chegg, Inc.
Mathnasium LLC
Tutor Doctor
Tutoring Club, LLC
Kumon Institute of Education Co., Ltd.
Sylvan Learning, LLC
TAL Education Group
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