English Language Training Market in China to Record a CAGR of Over 22%, Increased Investment in Online English Training Vendors to Boost Market Growth – Technavio – Yahoo Finance

NEW YORK, Aug. 3, 2022 /PRNewswire/ — The “English Language Training Market in China by End-user (Institutional learners and Individual learners) and Product (Classroom-based, Online, and Blended) – Forecast and Analysis 2021-2025″ report has been added to Technavio’s offering. The potential growth difference for the English language training market size in China between 2020 and 2025 is USD 80.54 bn. To get the exact CAGR and the Y-O-Y growth rate, Request a FREE Sample Report
Key Market Dynamics:
Market Driver: The increased private investment in online English training vendors is driving the growth of the market. The popularity of English is growing in China. As a result, investments in online education companies are increasing in the country. For instance, in January 2020, EdtechX Holdings Acquisition Corp. merged with Meten Education in China to form Meten EdtechX. Such investments will also be used for developing new products and learning methodologies, which can be used by educators to deliver English language lessons effectively.
Market Challenge: The availability of an increasing number of open-source materials is challenging the growth of the market. Many vendors provide free open-source ELTs and MOOCs, which attract users. For instance, Duolingo provides free access to diverse content and learning through games, video, and audio. Student participation in MOOCs has increased significantly over the years. For instance, Oxford University Press, in partnership with edX, offers MOOC solutions. In addition, there are a variety of eBooks and online videos that teach the basics of English in China. In addition, MOOCs cover various aspects of a given subject. Therefore, users prefer to enroll in the relevant open-source for certain online courses.
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Market Segmentation
By end-user, the institutional learners segment will contribute the highest market share growth during the forecast period. The institutional learners segment constitutes pre-K-12, higher education, and the corporate sector. Many schools in China have started teaching English as a second language. Hence, various vendors have started offering ELT products that can help teachers. Moreover, many government initiatives for economic and educational benefits have propelled the growth of the market. Companies operating in China place significant emphasis on professionals with fluent English. MNCs, especially from the manufacturing sector, mandate basic ELT. Acquiring knowledge in English is essential to ensure seamless operations and understanding of manual and digital instructions. Moreover, the globalization of businesses, customer services, and business development necessitate the use of English in many applications. In addition, the increasing number of private investments, along with the emergence of mobile learning technologies, has proliferated the growth of the market.
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Some Companies Mentioned with their Offerings
Berlitz Corp.
ChinaEDU Corp.
EF Education First Ltd.
italki HK Ltd.
iTutorGroup
New Oriental Education and Technology Group Inc.
Pearson Plc
Puxin Ltd.
TAL Education Group
Xueda Education
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English Language Training Market In China Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of over 22%
Market growth 2021-2025
USD 80.54 billion
Market structure
Fragmented
YoY growth (%)
19.36
Regional analysis
China
Performing market contribution
China at 100%
Key consumer countries
China
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Berlitz Corp., ChinaEDU Corp., EF Education First Ltd., italki HK Ltd., iTutorGroup, New Oriental Education and Technology Group Inc., Pearson Plc, Puxin Ltd., TAL Education Group, and Xueda Education
Market Dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Browse Consumer Discretionary Market Research Reports
Key Topics Covered:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by End-user
Market segments
Comparison by End-user
Institutional learners – Market size and forecast 2020-2025
Individual learners – Market size and forecast 2020-2025
Market opportunity by End-user
Market Segmentation by Learning method
Market segments
Comparison by Learning method
Classroom-based – Market size and forecast 2020-2025
Online – Market size and forecast 2020-2025
Blended – Market size and forecast 2020-2025
COVID-19 pandemic impact and recovery in the market
Market opportunity by Learning method
Customer landscape
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Berlitz Corp.
ChinaEDU Corp.
EF Education First Ltd.
italki HK Ltd.
iTutorGroup
New Oriental Education and Technology Group Inc.
Pearson Plc
Puxin Ltd.
TAL Education Group
Xueda Education
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:[email protected]
Website: www.technavio.com/
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