The Language Instruction industry is one of the smallest industries in the education sector and is shrinking even more. As language-learning apps have continued to find success with consumers, demand for language instructors has evaporated. These apps have had strong growth through the pandemic, but social distancing restrictions prevented language instruction centers from capturing heightened demand. Language instruction centers enjoyed growth in the years following, though changes were muted because of intense competition and shaky disposable income. Overall, industry-wide revenue has been dropping at an a CAGR of 2.1% over the past five years and is expected to total $1.8 billion in 2023, when revenue will sink by an estimated 1.8%. Language schools offer language instruction ranging from conversational skills for personal enrichment to intensive training courses for career or educational opportunities. Schools teach foreign languages, sign language and English as a second language. This industry does not include language instruction software. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.Becoming fluent: Industry operators will likely continue to struggle as online language software improves
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Graham Holdings Co
- Rosetta Stone Inc.
Methodology
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