COVID-19 Impacts: English Language Training Market in China will Accelerate at a CAGR of over 22% through 2020-2024 | Emergence of M-learning to Boost Growth | Technavio

Technavio has announced its latest market research report titled English Language Training (ELT) Market in China 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the English language training market in China and it is poised to grow by USD 69.51 billion during 2020-2024, progressing at a CAGR of over 22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • What was the value of the English language training market in China in 2019?
  • Technavio says that the value of the market was at USD 40.94 billion in 2019 and is projected to reach USD 110.45 billion by 2024.
  • At what rate is the market projected to grow in the forecast period 2020-2024?
  • Growing at a CAGR of almost 22%, the market growth will accelerate in the forecast period of 2020-2024.
  • What is the key factor driving the market?
  • The emergence of m-learning and the introduction of live streaming English language courses are among the key factors driving the market growth.
  • Who are the top players in the market?
  • Berlitz Corp., ChinaEDU Corp., EF Education First Ltd., iTutorGroup, New Oriental Education & Technology Group Inc., Pearson Plc, Sprout4Future, TAL Education Group, The Walt Disney Co., and Xueda Education Group are some of the major market participants.
  • Based on segmentation by end-user, which segment is expected to hold the highest market share?
  • Institutional Learners

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Berlitz Corp., ChinaEDU Corp., EF Education First Ltd., iTutorGroup, New Oriental Education & Technology Group Inc., Pearson Plc, Sprout4Future, TAL Education Group, The Walt Disney Co., and Xueda Education Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The emergence of m-learning has been instrumental in driving the growth of the market.

English Language Training Market in China 2020-2024: Segmentation

English Language Training Market in China is segmented as below:

  • End-user
    • Institutional Learners
    • Individual Learners
  • Learning Methods
    • Classroom-based
    • Online
    • Blended

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40432

English Language Training Market in China 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our English language training market in China report covers the following areas:

  • English Language Training Market in China Size
  • English Language Training Market in China Trends
  • English Language Training Market in China Industry Analysis

This study identifies the introduction of live streaming English language courses as one of the prime reasons driving the English language training market growth in China during the next few years.

English Language Training Market in China 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the English language training market in China, including some of the vendors such as Berlitz Corp., ChinaEDU Corp., EF Education First Ltd., iTutorGroup, New Oriental Education & Technology Group Inc., Pearson Plc, Sprout4Future, TAL Education Group, The Walt Disney Co., and Xueda Education Group. Backed with competitive intelligence and benchmarking, our research reports on the English language training market in China are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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English Language Training Market in China 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist English language training market growth in China during the next five years
  • Estimation of the English language training market size in China and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the English language training market in China
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of English language training market vendors in China

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • 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 placement
  • Institutional learners - Market size and forecast 2019-2024
  • Individual learners - Market size and forecast 2019-2024
  • Market opportunity by End-user

Market Segmentation by Learning Method

  • Market segments
  • Comparison by Learning Method placement
  • Classroom-based - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Blended - Market size and forecast 2019-2024
  • Market opportunity by Learning Method

Customer Landscape

  • Overview

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Berlitz Corp.
  • ChinaEDU Corp.
  • EF Education First Ltd.
  • iTutorGroup
  • New Oriental Education & Technology Group Inc.
  • Pearson Plc
  • Sprout4Future
  • TAL Education Group
  • The Walt Disney Co.
  • Xueda Education Group

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 focuses on emerging market trends and provides 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The English Language Training (ELT) Market in China will grow by USD 69.51 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/