In 2023, the global private tutoring market reached a valuation of USD 57.92 billion, with projections indicating growth to USD 105.98 billion by 2030, showcasing a Compound Annual Growth Rate (CAGR) of 9.01%. This growth is primarily driven by the increasing emphasis on literacy and the consequent rise in the importance of education and allied industries.
Top Leading Company Covered in the Private Tutoring Market:
- Chegg, Inc. (U.S.)
- Mathnasium LLC (U.S.)
- Educomp Solutions Ltd. (India)
- Sylvan Learning, LLC (U.S.)
- Daekyo Co., Ltd. (South Korea)
- Kumon Institute of Education Co., Ltd. (Japan)
- Kaplan Inc. (U.S.)
- Action Tutoring (U.K.)
- Varsity Tutors (U.S.)
- Tutors International (U.K.)
Information Source: https://www.fortunebusinessinsights.com/private-tutoring-market-104753
Market Segmentation
The private tutoring market is segmented into offline and online modes. The offline segment, encompassing group tutoring, classroom tutoring, and home tutoring, is expected to maintain a significant market share owing to its enduring popularity.
In terms of application, the market is divided into up-to-K-12 and post-K-12 segments. The up-to-K-12 segment dominates, driven by parental pressures on school children, especially in the 10 to 12 age groups, due to busy schedules and extended working hours.
The market is further categorized into academic and non-academic subjects, with the academic segment expected to gain prominence as students seek additional support to excel in examinations and master challenging subjects.
Long-term courses are anticipated to witness significant growth, particularly among under-resourced students, due to their effectiveness in providing continuous learning development.
Subject tutoring services, especially those offering adaptive and individualized microlearning, are projected to experience substantial growth.
Geographical Analysis
Geographically, the market is analyzed across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Competitive Landscape
Key players in the private tutoring sector are focusing on competitive strategies such as launching new tutoring centers to gain an edge in the market. For instance, BYJU, an educational technology company, expanded its offline tutoring centers across multiple cities, exemplifying the industry's commitment to growth.
Market Drivers and Restraints
The private tutoring market is propelled by increased spending on education by affluent parents, who are turning to private tutors and schools amidst concerns about the declining quality of public education systems. However, the market faces challenges such as confusion stemming from disparate teaching methods employed by school teachers and coaching classes.
Regional Insights
Asia Pacific leads the market, driven by the prevalence of supplementary coaching classes in countries like South Korea, Japan, and Southeast Asian nations. Meanwhile, North America is witnessing significant growth due to the rising popularity of online tutoring services and initiatives for advanced tutoring solutions.
COVID-19 Impact
The COVID-19 pandemic positively influenced market growth as school closures led to increased demand for online private tutoring services. While two-thirds of students previously receiving private tuition were affected by closures, the remaining one-third transitioned to online platforms for continued education.
Key Industry Developments
In September 2022, Tutors International, a UK-based private tutoring company, launched a new user-friendly website, aiming to enhance accessibility and navigation for its users.
Overall, the private tutoring market is poised for substantial growth, driven by evolving educational needs and technological advancements, despite facing challenges related to teaching methodologies and regional disparities.
