The private tutoring market is marked to progress at a CAGR of 9.3% through 2034. Parents' trust in private tutors for their children's education boosts their demand. A variety of lessons offered by private tutors enhances the market outlook. Online booking of private tutors adds a new dimension to the market as well. Depending on these trends, the market is riding the wave of proliferation, reaching USD 157.0 billion by 2034 from USD 64.4 billion in 2024.
Investment Opportunities in the Private Tutoring Market
| Attributes | Details |
|---|---|
| Market Size, 2024 | USD 64.4 billion |
| Market Size, 2034 | USD 157.0 billion |
| Value CAGR (2024 to 2034) | 9.3% |
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Reforming Education System and Technological Developments
Adoption of private tutoring surges due to changes in the education system all over the world. Several countries are reforming their education system by changing educational infrastructure and academics. By implementing a more competitive and examination-oriented education system, market players are offering additional support for students for a better understanding of their studies.
Integration of the latest technological advancements is proving fruitful for the market. Private tutors started providing digital tutorial platforms to students for a better understanding. Private tutoring companies have gained more potential in recent years by integrating artificial intelligence (AI) into educational studies.
Increased Competition and Income
In every field, increased competition can be observed, and private tutoring is no exception. Competition in admissions in reputed universities and jobs is driving the demand for private tutoring. Their students are looking for ways to sustain themselves in the competition by appointing private tutors for their studies and educational purposes.
The surge in Income of the middle-class segment is providing benefits to the market in the current period. Higher Income has made private tutoring more affordable to people in recent years. Social media culture is on the rise, where people are seeking new learnings. Thus, private tutoring is gaining popularity in the sector.
Principal Consultant
| Attributes | Details |
|---|---|
| Mode of Transportation | Offline |
| Market CAGR from 2024 to 2034 | 9.1% |
Need for personalized and targeted education is anticipated to optimize the outlook of this segment during the forecast period. The offline segment has gained popularity over the years by offering one-to-one interaction and a more personalized learning experience. However, a rise in focused and targeted learning environments is leading the segment's growth. Students can learn without any disturbance in the online environment.
| Attributes | Details |
|---|---|
| Product Type | Academic |
| Market CAGR from 2024 to 2034 | 8.9% |
The changing structure of the education system and increasing competition among students in academics leads to the growth of the segment. In recent years, students have been getting support from private tutors for a better understanding of their studies. Also, private tutoring services have been seen as providing a greater understanding of the syllabus and studies over the school and colleges; thus, students prefer private tutoring for their academic purposes.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| United States | 9.6% |
| China | 9.9% |
| United Kingdom | 10.3% |
| Japan | 10.9% |
| South Korea | 11.1% |
The United States is one of the most technologically advanced region in the world. The government of the United States is actively spending on its education infrastructure.
The government collaborates with schools, colleges, and other educational institutes to improve the condition of education. Also, private tutoring companies are leveraging the benefits, by building partnerships and collaborations with government educational schemes and others. Parents are increasingly investing in their student education to support their children.
Families that have higher incomes frequently spending more on their children's education in the United States. These families are increasingly able to give special facilities to their children such as appointing private tutors, home-based educational facilities, and others. For instance, Chegg Inc., a United States-based Edtech company launched a new feature called Learn with Chegg. It provides customized learning options to students integrating with AI support.
Private tutoring companies in China are heavily investing in research and development activities. They are launching new features and software that prioritize student convenience. Also, the modern lifestyle is making a huge contribution to the market share in the current period. Parents are aware of the benefits of providing a smart education system to their children. Private tutoring companies are offering more facilities than public institutes in China.
Online private tutoring is gaining popularity in the country, providing students with many facilities on their own devices or wherever they are. However, despite these benefits providing a solid structure to the education system, there are also concerns restraining market growth in the country, such as high costs of this system, stringent government policies, and others.
Private tutoring trends in the United Kingdom have been increasing in recent years. Students are rigorously opting for home tuition more than public tuition such as college or school. Private tutoring companies are expanding their facilities in the United Kingdom.
Ethnic background is contributing to market growth in the United Kingdom. According to the report, students of Asian ethnicities have received home tuition at some point in recent years in the United Kingdom, which is higher than the overall national average of 25%.
Competition in academics has rapidly increased in Japan. Securing admission to reputable universities is seen as a challenging aspect in the country. Thus the demand for private tutoring institutes has increased in recent years in the country. Parents are seeking better educational facilities for their children in the country.
The educational reform has played a major role in the growth of the market in South Korea. With the introduction of the new curriculum and several changes in the examinations thus, parents and students are seeking additional support for their studies. This is encouraging the private tutoring market growth in Japan.
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Private tutoring companies are looking to improve consumer experience by implementing new marketing strategies in the current period. The market is anticipated to experience exponential growth during the forecast period owing to innovations and research. Key players are investing in their educational infrastructure and services to gain maximum market share. Many governments are collaborating with private tutoring institutions to provide better facilities to their citizens.
Partnerships and Collaborations
In 2023, Chegg Inc. expanded its offerings by acquiring Mathway, a platform that specializes in solving mathematical problems. Its latest acquisition of Mathway, a popular mathematics-focused problem-solving platform, expands its reach in the STEM field. Mathway has been helping students solve complex math problems for over a decade, and its acquisition by Chegg is expected to provide students with an even wider range of resources to improve their academic performance.
Recent Developments
The CAGR of the private tutoring market in the United States from 2024 to 2034 is estimated to be 9.6%.
The private tutoring market is expected to develop at a CAGR of 9.3% from 2024 to 2034.
The private tutoring market size is expected to be worth USD 64.4 billion in 2024.
The CAGR of the private tutoring market in China from 2024 to 2034 is estimated to be 9.9%.
The private tutoring market is estimated to get as big as USD 157.0 billion by 2034.
The private tutoring market is categorized by mode, application, subject, duration, tutoring style, and region.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Mode 5.1. Offline 5.2. Online 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 6.1. Up-to K-12 6.2. Post K-12 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Subject 7.1. Academic 7.2. Non-Academic 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Duration 8.1. Short-Term Courses 8.2. Long-Term Courses 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Tutoring Style 9.1. Test Preparation Service 9.2. Subject Tutoring Service 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. South Asia and Pacific 10.6. East Asia 10.7. Middle East and Africa 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 18. Key Countries Market Analysis 19. Market Structure Analysis 20. Competition Analysis 20.1. Chegg, Inc. 20.2. Mathnasium LLC 20.3. Educomp Solutions Ltd. 20.4. Sylvan Learning, LLC 20.5. Daekyo Co., Ltd. 20.6. Kumon Institute of Education Co., Ltd. 20.7. Kaplan Inc. 20.8. Action Tutoring 20.9. Varsity Tutors 20.10. Tutors International 21. Assumptions & Acronyms Used 22. Research Methodology
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Private Tutoring Market
