How is the Secondary School Market Poised for Growth: Trends and Opportunities Through 2034
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How has the secondary school market grown over the years?
The market size of secondary schools has experienced substantial growth in the past few years. From $449.06 billion in 2024, it is predicted to escalate to $489.78 billion in 2025, advancing at a compound annual growth rate (CAGR) of 9.1%. The notable growth during the historical period can be traced back to factors such as population and demographic expansion, economic progress, governmental policies related to education, the increase in parents’ aspirations for their children’s education, as well as the impacts of globalization and competition.
What Is the forecasted market size and growth rate for the secondary school market?
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What are the major factors driving growth in the secondary school market?
Rising demand for educational services predicts a surge in the growth of the secondary school market. Educational services, offered by either public or private entities, are instructional training or learning on various subjects extended to students and other individuals. Schools, whether primary, elementary, secondary, or even colleges, are the usual providers of these services. Therefore, the escalating requirement for these services is vital to the growth of the secondary school market. For example, in February 2023, the Australian Bureau of Statistics, a self-governed constitutional body in Australia accountable for data collection, analysis, and rendering evidence-based recommendations to national, state, and regional governments, reported an enrolment of 4,042,512 students in Australian schools for the year 2022. This was an increase of 0.3% or 11,795 students compared to 2021. The upward trend in student enrolment influences the need for educational services, further propelling the secondary school market.
What key areas define the segmentation of the global secondary school Market?
The secondary school market covered in this report is segmented –
1) By Type Of Expenditure: Public, Private
2) By Ownership: Government, Local Body, Others
3) By Fee Structure: Low-Income, Medium-Income, High-Income
Subsegments:
1) By Public: Government-Funded Schools, Charter Schools, Magnet Schools
2) By Private: Independent Schools, Parochial Schools, For-Profit Schools
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What are the top market players propelling the growth of the secondary school industry?
Major companies operating in the secondary school market include University of Pennsylvania, Stanford University, University of Michigan, KinderCare Learning Centers LLC, Harvard University, University of California, Yale University, TAL Education Group, New Oriental Education & Technology Group Inc., The Texas A&M University System, Bright Horizons Family Solutions Limited, Learning Care Group Inc., Adtalem Global Education Inc., Adtalem Global Education Inc., Goodstart Early Learning Ltd., Grand Canyon Education Inc., Primrose Schools Franchising SPE LLC, Perdoceo Education Corporation, Cornell University, GSX Techedu Inc., Mulpha International Bhd, Hailiang Education Group, Walla Walla Public Schools, Little Green Rascals Organic Nurseries Ltd., Tallahassee Classical School LLC, Nobel Learning Communities Inc., Copthall School, Massachusetts Institute of Technology, Columbia University
What are the key trends shaping the future of the secondary school market?
Prominent businesses functioning within the secondary school market comprise of University of Pennsylvania, Stanford University, University of Michigan, KinderCare Learning Centers LLC, and Harvard University. The list continues with the University of California, Yale University, and the TAL Education Group. It also includes New Oriental Education & Technology Group Inc., The Texas A&M University System, Bright Horizons Family Solutions Limited, and Learning Care Group Inc. Additional entities operating in this market include Adtalem Global Education Inc., Goodstart Early Learning Ltd., Grand Canyon Education Inc., and Primrose Schools Franchising SPE LLC. Perdoceo Education Corporation, Cornell University, GSX Techedu Inc., and Mulpha International Bhd are also key players. Hailiang Education Group, Walla Walla Public Schools, Little Green Rascals Organic Nurseries Ltd., Tallahassee Classical School LLC, Nobel Learning Communities Inc., Copthall School, Massachusetts Institute of Technology and Columbia University are also significant contributors to this market.
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What regions are dominating the secondary school market growth?
Asia-Pacific was the largest region in the elementary and secondary school market in 2024. The regions covered in the secondary school market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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