Over the past five years, language instruction centers in Canada have seen solid growth despite a dip in 2020 amid a drop in demand from the COVID-19 pandemic. The closing of borders and reduction in travel cut enrolment for language courses, but the release of pent-up demand led to a surge in revenue as the pandemic subsided. This demand came from Canadians returning from travel and new Canadians looking to learn French, English, or both. Digital transitions have been necessary for many instruction centers switching to remote teaching to comply with social distancing measures. Industry-wide revenue has been growing at a CAGR of 1.1% over the past five years and is expected to total $300.0 million in 2023, when revenue will grow by an estimated 3.8%.Fully immersed: Industry demand will grow as the population becomes more diverse
This industry provides language instruction training for casual conversational skills and career and educational needs. Schools teach foreign languages, sign language and English or French as a second language.
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.
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
Methodology
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