Thursday 13 April 2017

Private Tutoring Market in China to grow at a CAGR of 11.31% during the period 2017 - 2021; Finds New Report

Private Tutoring Market In China 2017 - 2021

Report forecast the private tutoring market in China to grow at a CAGR of 11.31% during the period 2017-2021.

Private tutoring is a part of the shadow education system, as it is offered outside the mainstream education system. The private tutoring industry has emerged following the extensive standardization of the education sector. This standardization essentially refers to the provision of examination preparation services to students to help them score well in entrance tests. Traditionally, private tutoring service providers employed the classroom teaching methods. However, advances in technology and growing awareness among consumers about modern methods of learning have necessitated the incorporation of the Internet and digital methods into the teaching process.

The report covers the present scenario and the growth prospects of the private tutoring market in China for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

According to the report, one driver in market is growing enrollment in graduate schools. An increase in the number of enrollments in graduate schools is directly related to the number of students enrolling for tutoring services. According to China's Ministry of Education, the number of students enrolled in higher education has increased dramatically. In the early 1990s, the enrollment growth rate in higher education was over 5%, and by 2015, the enrollment rate increased to over 30%. By the end of 2015, the number of graduate students in China's labor market was close to 7 million. With the rise in the number of graduate enrollments, the number of students appearing for academic proficiency tests and Gaokao tests has also increased, as these examinations are prerequisites for students in China to enroll into the country’s regular higher education system. Students enroll in private tutoring services to get the maximum scores in the tests and to gain a competitive advantage over other students during admissions into premium institutions, thereby fueling the market growth.

Further, the report states that one challenge in market is open educational resources. The competition between providers of tutoring services and mock tests and open-source tutoring service vendors is increasing. Instructional materials developed and delivered by open-source providers are posing a significant threat to vendors, such as New Oriental and TAL Education that provide instructional programs and courses for a fee. Leading tutoring service providers in China spent a significant amount of time and resources to develop licenses and localize tutoring content, with the aim of enriching their product offerings and catering to student requirements. Given the extent of digitization and new modes of learning that allow easy content sharing, the course materials developed by these companies may reach third parties, who can indulge in the inappropriate use of the content. This can hamper the company’s revenue potential and brand image.

Private Tutoring Market in China 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the private tutoring market in China: Xueda Education, TAL Education, Ambow Education, and New Oriental.

Other Prominent Vendors in the market are: Juren Education Group, Manhattan Review, iTutorGroup, EF Education First, MandarinRocks, Web International English, Kaplan, Xiaozhan Jiaoyu, and Tutors in China.

Market driver
  • Stable demand for test preparation in China.
  • For a full, detailed list, view our report

Market challenge
  • Unfavorable working condition for foreign teachers.
  • For a full, detailed list, view our report

Market trend
  • Stronger focus on marketing initiatives.
  • For a full, detailed list, view our report

Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 19 Exhibits Private Tutoring Market In China 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market overview, Market segmentation by learning method, Market segmentation by courses, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Other prominent vendors, Appendix.

For more information Visit at: http://mrr.cm/UcW

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