Asia Pacific Private Tutorial Market: Industry Analysis and Forecast (2023-2029)
Asia Pacific Private Tutorial Market was valued at USD 41.32 billion in 2022. The Asia Pacific Private Tutorial Market size is estimated to grow at a CAGR of 8.4% over the forecast period.
Format : PDF | Report ID : SMR_967
Asia Pacific Private Tutorial Market Definition:
The student or family hires a private tutor, who offers instruction on both online and offline platforms. Students can attain their academic and personal learning objectives with the aid of a private tutor. Customers for private tutors are students who don't get the marks they want but still want to excel in their studies. During the expected period, increased disposable income and rising spending for improved education and training are likely to support the growth of the private tutoring market.
Further, the Asia Pacific Private Tutoring market is segmented by Subject, Application, Mode and geography. On the basis of Subject, the Asia Pacific Private Tutoring market is segmented under Academic based and Non-Academic Based. Based on the Application, the Asia Pacific Private Tutoring market is segmented under the channels Up to K12 and Post K12. Based on the Mode the Asia Pacific Private Tutoring market is segmented under the channels of Online and Offline. By geography, the market covers the major countries in Asia Pacific i.e., India, China, Japan, Australia and Rest of Asia Pacific For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
Asia Pacific Private Tutorial COVID 19 Insights:
Growth in the online segment has been identified following a careful review of the pandemic's effects on business and the ensuing economic crisis. Because of its convenience and many useful features, online tutoring is becoming increasingly popular among students all over the world. The rise in single-parent families and dual-earner households suggests that parents have less time to devote to their kids' schooling. Due to the growing rivalry children face to get into the institutions and colleges of their choosing, there is an increased need for extra education. Additionally, the COVID-19 epidemic caused an unheard-before spike in the use of online and remote classrooms. Online tutors are becoming more and more popular with parents.
Asia Pacific Private Tutorial Market Dynamics:
Market Trend: Asia Pacific tutoring companies with online subscriptions are becoming more and more popular due to college students' increased preference for technology-based learning. Presentations, 3D colored diagrams, flashcards, and animations have all been creatively created as subject-related content to assist hold kids' attention. The need for online tutoring has increased as a result of this element increasing students' interest in the subject during the learning process. The number of yearly service customers of Chegg climbed to 3.9 million in FY19 from 1.0 million in FY15. Therefore, Asia Pacific private tutoring market is expected to be supported by the growing popularity of technology-based shadow education services.
Market Driver: The desire for education in general and rising literacy awareness are expected to be the main drivers of the Asia Pacific private tutoring market. Additionally, the growing prominence of several topics, like math and science, which are frequently seen as career-building blocks combined with personalized learning strategies are expected to expand the Asia Pacific private tutoring market during the forecast period. Additionally, the pandemic's arrival has spawned social isolation norms and lockdown procedures, which are expected to create new revenue potential for the online-based Asia Pacific private tutoring market during the forecast year.
A few factors, including rising education spending and the deteriorating quality of public school-based education systems, are expected to promote the growth of Asia Pacific private tutoring market. The Asia Pacific private tutoring market is expected to grow during the forecast period as a result of factors such as the expanding child population and the rise in the number of higher income-based families.
Market Restraint: Private tutors usually demand above-average prices that are prohibitive for lower-income households. A student may also adopt competing strategies due to problems like misunderstandings brought on by the differnt teaching methods employed by a coaching class and a school teacher for the same subject. These activities are likely to make children perform poorly and be more confused during the exam. These factors are therefore likely to limit the use of after-school tutoring.
June 2020: An Indian EdTech business called Byju's just unveiled its brand-new live online tutoring service, which will provide children with after-school instruction.
Asia-Pacific is expected to hold the greatest market share at the beginning of the forecast due to the rising number of supplementary coaching institutes in developing nations like China, Japan, South Korea, and Southeast Asia as well as the region's growing student population. Additionally, it is expected that the private tutoring market would expand during the forecast period due to the underfunding and understaffing of public institutions. Additionally, it is expected that the need for private tutoring in the area would rise as a result of students choosing additional information and proficiency along with an increase in regional competitive exams.
In 2022, roughly 34 students in South Korea received private instruction. These pupils committed an average of 6.5 hours per week to this instruction. The rise of the market in the Asia Pacific region will also be aided by an increasing middle-class population.
Asia Pacific Private Tutorial Market Segment Analysis:
The up to K–12 segment would hold the largest share due to increased parental pressure on school-aged children. The market is divided into two categories: K–12 and post–12. The up-to K-12 section is dominant because students in these grades need a firm grasp of fundamental concepts to strengthen their foundation. Children between the ages of 10 and 12 require more instruction to improve their academic performance. However, the need for a private tutor who can devotedly monitor a child's academic performance and assist him/her in understanding has increased due to parents' hectic schedules and extended working hours. Additionally, a post-K–12 section is expected to grow as a result of the rising popularity of competitive tests, where high rankings require outside training.
There are several market sectors for both academic and nonacademic disciplines. The market share of the academic subjects segment is expected to increase significantly as more students seek additional tutoring for difficult classes or to score well on tests in high-scoring areas. Physics received private instruction from roughly 43% of the students assessed, while mathematics received private tutoring from 66 % of them. Non-academic subjects like taking a second language outside of the curriculum or courses in the arts are becoming more and more popular. This is due to parents' increasing desire to keep their children entertained.
Asia Pacific Private Tutorial Market competitive Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Asia Pacific Private Tutorial market to the stakeholders in the market. The report provides trends that are most dominant in the Asia Pacific Private Tutorial market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Asia Pacific Private Tutorial Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Asia Pacific Private Tutorial market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the market and market growth through the forecast period. The report also includes the competitive landscape of key players in the market along with their recent developments in the Asia Pacific Private Tutorial market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Asia Pacific Private Tutorial market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Asia Pacific Private Tutorial market. The report also analyses if the Asia Pacific Private Tutorial market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Asia Pacific Private Tutorial market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Asia Pacific Private Tutorial market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Asia Pacific Private Tutorial market is aided by legal factors.
Asia Pacific Private Tutorial Market Scope:
Asia Pacific Private Tutorial Market Scope
Market Size in 2022
USD 41.32 Bn.
Market Size in 2029
USD 72.68 Bn.
North America- United States, Canada, and Mexico
Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe
Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC
Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa
South America – Brazil, Argentina, Rest of South America
Asia Pacific Private Tutorial Market Key Players:
- Tutor India Pvt Ltd (India)
- BYJU’S (India)
- Vedantu (India)
- Insta (India)
- Easy Tutor (India)
- Nerdy Home Tutor (India)
- Shiksha (India)
- Kumon Institute of Education Co., Ltd. (Tokyo, Japan)
- Educomp Solutions Ltd. (Gurgaon, India)
- Ambow Education Holding Ltd. (Beijing, China)
- TAL Education Group (Beijing, China)
Frequently Asked Questions
The segments covered in the Asia Pacific Private Tutorial Market report are based on Subject, Application, and Mode.
The market size of the Asia Pacific Private Tutorial Market by 2029 is expected to reach USD 72.68 Billion.
The forecast period for the Asia Pacific Private Tutorial Market is 2023-2029.
The market size of the Asia Pacific Private Tutorial Market in 2022 was valued at USD 41.32 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Asia Pacific Private Tutorial Market: Target Audience
- Asia Pacific Private Tutorial Market: Primary Research (As per Client Requirement)
- Asia Pacific Private Tutorial Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Asia Pacific Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Growth Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Market: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Asia Pacific Private Tutorial Market Segmentation
- Asia Pacific Private Tutorial Market, by Subject (2022-2029)
- Academic Based
- Non-Academic Based
- Asia Pacific Private Tutorial Market, by Application (2022-2029)
- Up To K12
- Post K12
- Asia Pacific Private Tutorial Market, by Mode (2022-2029)
- Asia Pacific Private Tutorial Market, by Country (2022-2029)
- Rest of Asia Pacific
- Asia Pacific Private Tutorial Market, by Subject (2022-2029)
- Company Profiles
- Key Players
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Tutor India Pvt Ltd
- Easy Tutor
- Nerdy Home Tutor
- Kumon Institute of Education Co., Ltd.
- Educomp Solutions Ltd.
- Ambow Education Holding Ltd.
- TAL Education Group
- Key Players
- Key Findings