North America Private Tutoring Market: Market Analysis and Forecast (2023-2029)
North America Private Tutoring Market was valued at USD 31.90 billion in 2022. The North America Private Tutoring Market size is estimated to grow at a CAGR of 8.3% over the forecast period.
Format : PDF | Report ID : SMR_1118
North America Private Tutoring Market Definition:
Growing understanding of literacy and the importance of education has significantly boosted the growth of the entire education sector as well as associated businesses. Mathematics and the sciences are viewed as having greater value because they help a young person develop a career. A typical student, on the other hand, frequently finds it challenging to master courses in school and needs additional coaching to fully understand the concepts and pass the exam. These factors have raised demand for individualised learning services like private tutoring or shadowing that can be offered.
Further, the North America Private Tutoring market is segmented by Subject, Application, Mode and geography. On the basis of Subject, the North America Private Tutoring market is segmented under Academic based and Non-Academic Based. Based on the Application, the North America Private Tutoring market is segmented under the channels Up to K12 and Post K12. Based on the Mode the North America Private Tutoring market is segmented under the channels of Online and Offline. By geography, the market covers the major countries in North America i.e., US, Canada and Mexico. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
North America Private Tutoring COVID 19 Insights:
Schools had to be closed, which had a negative impact on the education sector. There was an upsurge in demand for private online education due to school closings. For example, titled "COVID-19 and Social Mobility Impact Brief #1: School Closures" which was released in April 2020 by The Sutton Trust, two-thirds of children who had previously received financial assistance for private instruction were reported to no longer do so. However, the final third of students still used internet resources to access their education. Online coaching opportunities helped to mitigate the COVID-19 crisis's detrimental effects on the education sector.
North America Private Tutoring Market Dynamics:
Rich parents' attention is now focused on private schools and private tutors as a result of the public education system's deteriorating quality. To assist their children, parents in industrialized nations spend primarily on education. Despite having a small population generally, Singapore has demonstrated a strong investment in education. The average monthly household spending on educational services increased from Singapore$235 in 2007/2008 to Singapore$339 in 2021/2022. In Singapore, private tuition and other educational services total $112.
Families with higher incomes frequently spend more on their children's development because they can afford high-quality services. According to The Sutton Trust's PARENT POWER 2018 report, for instance, parents of upper-middle-class families are more likely to send their children to coaching than those of working-class families. According to the same report, only 6% of parents in the working class have used private tutoring services for their kids, compared to 15% for lower middle-class parents, 23% for middle-class parents, and 31% for upper middle-class parents.
Private tutors frequently charge above-average fees that are prohibitive for lower-income families. A student may also adopt opposing strategies due to problems like misunderstandings brought on by the various teaching methods used by a coaching class and a school teacher for the same subject. At the time of the exam, these activities are likely to cause youngsters to perform worse and to be more confused. As a result, these variables are likely to restrict the uptake of after-school tutoring.
It is expected that North America will account for a sizeable growth. The growth is a result of the growth of online tutoring services. Expanding initiatives for advanced tutoring services would increase the market in the area. For instance, the software company Clark Inc., based in the United States, recently unveiled its new service to help tutors with the construction and setup of their websites. In order to facilitate communication between tutors and parents, the company also offers software that instructors can use to manage online tuition payments and scheduling. High-income demographics and a technologically advanced populace in the region would also contribute to an increase in demand for online private tutoring and encourage market growth.
North America Private Tutoring Market Segment Analysis:
By Mode, the online channel would have the fastest growth due to its greater convenience. Market segmentation is done using both online and offline channels. The offline strategy is probably responsible for a sizeable portion of home tutoring, despite the rise in popularity of group or classroom tutoring over time. A tutor can see firsthand how a student is progressing or where they are lacking, and they can then provide more attention or better responses as necessary. Technology has changed the preference for online learning by enabling both teachers and students to deliver and receive instruction from anywhere in the world.
For instance, over 84 % said that online tutoring was either as effective as in-person tutoring. Participants in a study, including students, parents, and tutors, acknowledged the significant benefits of online tutoring, which included adaptable class scheduling, searchable lesson recordings, and a more focused environment. It is now easier to locate the instructors' recordings afterward for learning or reviewing the content because they now post them online.
By Application, the up to K12 and post-K12 segments of the North America private tutoring market are separated based on application. Due to the rising demand for extra tutoring among students between the ages of 10 and 12 as well as an increase in the number of parents who are working, to mention a few factors, the segment pertaining to up to K12 is expected to hold the greatest market share at the beginning of the forecast. The North America private tutoring market can be divided into offline and online ways of delivery based on mode of distribution. Due to the rising popularity of group tutoring and classroom tutoring methods as well as the shifting preferences of kids who prefer additional learning sources over traditional earning sources, to name a few, the offline means of delivery segment is expected to hold the largest market share at the beginning of the forecast.
North America Private Tutoring Market Key Players 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 North America Private Tutoring market to the stakeholders in the market. The report provides trends that are most dominant in the North America Private Tutoring 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 North America Private Tutoring 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 North America Private Tutoring 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 North America Private Tutoring market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America Private Tutoring 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 North America Private Tutoring market. The report also analyses if the North America Private Tutoring 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 North America Private Tutoring market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America Private Tutoring market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America Private Tutoring market is aided by legal factors.
North America Private Tutoring Market Scope:
North America Private Tutoring Market Scope
Market Size in 2022
USD 31.90 Bn.
Market Size in 2029
USD 55.75 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
North America Private Tutoring Market Key Players:
- Chegg, Inc. (Santa Clara, U.S.)
- Mathnasium LLC (Los Angeles, U.S.)
- Sylvan Learning, LLC (Baltimore, U.S.)
- Kaplan Inc. (New York, U.S.)
- Cambly (US)
- Exclusive Private Tutoring (US)
- Star Tutoring Center (US)
Frequently Asked Questions
The segments covered in the North America Private Tutoring Market report are based on Subject, Application, and Mode.
The market size of the North America Private Tutoring Market by 2029 is expected to reach USD 55.75 Billion.
The forecast period for the North America Private Tutoring Market is 2022-2029.
The market size of the North America Private Tutoring Market in 2022 was valued at USD 31.90 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- North America Private Tutorial Market: Target Audience
- North America Private Tutorial Market: Primary Research (As per Client Requirement)
- North America Private Tutorial Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- North America 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
- North America Private Tutorial Market Segmentation
- North America Private Tutorial Market, by Subject (2022-2029)
- Academic Based
- Non-Academic Based
- North America Private Tutorial Market, by Application (2022-2029)
- Up To K12
- Post K12
- North America Private Tutorial Market, by Mode (2022-2029)
- North America Private Tutorial Market, by Country (2022-2029)
- United States
- North America Private Tutorial Market, by Subject (2022-2029)
- Company Profiles
- Key Players
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Chegg, Inc.
- Mathnasium LLC
- Sylvan Learning, LLC
- Kaplan Inc.
- Exclusive Private Tutoring
- Star Tutoring Center
- Key Players
- Key Findings