China education market is expected to generate US $572.51 billion by the end of the forecast period, 2018-2023

By ITS Education Asia

The Chinese education market is estimated to reach US$572.51 billion by 2023, growing at a CAGR (compound annual growth rate) of 11.3%, for the period spanning from 2018-2023.

Factors such as increasing urban population, accelerating household wealth, rising government spending on education, growing internet penetration and inclining pre-school enrolments are expected to drive the market. However, the growth of the industry will be challenged by growing human capital cost and intense competition. A few notable trends include increasing preference for massive open online courses (MOOC), the emergence of a dual-teacher model in lower-tier cities, high consolidation and new education policy.

Scope of the report:

• The report provides a comprehensive analysis of China Education market, segmented on the basis of segment i.e. K-12 Education & Higher Education and by city i.e. Tier I, II & III.
• Market dynamics such as growth drivers, market trends and challenges are analysed in-depth.
• The competitive landscape of the market, along with the company profiles of leading players (TAL Education Group, New Oriental Education & Technology Group Inc., OneSmart International Education Group Limited, Sunlands Technology Group, Tianli Education International Holdings Limited and China Distance Education Holdings Limited) are also presented in detail.