Global English Language Learning Industry

Global English Language Learning Industry

  • April 2021 •
  • 273 pages •
  • Report ID: 5956704 •
  • Format: PDF
Abstract:
- Global English Language Learning Market to Reach $27 Billion by 2027
- Amid the COVID-19 crisis, the global market for English Language Learning estimated at US$9.6 Billion in the year 2020, is projected to reach a revised size of US$27 Billion by 2027, growing at aCAGR of 15.8% over the period 2020-2027. Digital, one of the segments analyzed in the report, is projected to record 16.6% CAGR and reach US$21.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Through Books segment is readjusted to a revised 12.9% CAGR for the next 7-year period.
- The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 20.7% CAGR
- The English Language Learning market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.4 Billion by the year 2027 trailing a CAGR of 20.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 14.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.6% CAGR.

- Select Competitors (Total 42 Featured) -
  • Berlitz Languages, Inc.
  • Edusoft Ltd.
  • EF Education First
  • Global Education Limited
  • HAWO English International, Inc.
  • Houghton Mifflin Harcourt (HMH)
  • inlingua International Ltd.
  • Linguatronics, LC
  • McGraw-Hill Education
  • New Channel International Education Group Limited
  • New Oriental Education & Technology Group
  • OKpanda, Inc.
  • Pearson English Language Teaching (ELT)
  • Rosetta Stone Ltd.
  • Sanako Corporation
  • Sanoma Group
  • SANS Inc.
  • Shenzhen METEN International Education & Technology Co. Ltd.
  • Transparent Language, Inc.
  • TutorABC Inc
  • Vipkid
  • Voxy, Inc.
  • WSE Hong Kong Limited