Key Insights on the Online Tutoring Services Market in the US| Technavio

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LONDON–(BUSINESS WIRE)–May 25, 2018– projects the to post a CAGR of more than 9% during the forecast period. The increase in tutoring support for test preparation services is a key driver, which is expected to impact market growth through 2018-2022.

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Technavio has published a new market research report on the online tutoring services market in the US from 2018-2022. (Graphic: Business Wire)

The US education system is merit-based, wherein the student population must write at least two competitive exams during their education tenure. This increased the demand for test preparation services. There is a direct relation between the changes in exam structure and the demand for test preparation courses and materials.

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In this report, Technavio highlights the growing customization of tutoring services as one of the key emerging trends to drive the online tutoring services market in the US:

Growing customization of tutoring services

Personalized training is a significant development in the online tutoring services market in the US. Vendors are increasingly trying to tailor and align courses to the needs of the students. A variety of learning tools are available for differentiated instruction. The application of analytics is helping the online tutoring service providers to design content based on the insights gained from analytics.

According to a senior analyst at Technavio for research , “The need to keep students engaged and provide them with specialized training will lead to the growth of the market. The use of analytics will enable content designers to understand learning patterns and create content to provide effectively train and mentor students. It also helps provide real-time assessment of student performance.”

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Market segmentation and analysis through 2022

This market research report segments the by end-user (higher education institutes and K-12 schools) and product (test preparation service and subject tutoring service).

The higher education institutes segment dominated the market in 2017, accounting for close to 66% of the market in 2017. The market share of this segment is expected to decrease by close to 5% over the forecast period in favor of the K-12 schools segment.

In 2017, test preparation service accounted for more than 56% of the market. The market share of this segment is expected to increase by a further 3% by 2022. The online tutoring services market in the US is growing because of the failure of the academic system to cope with the needs of the students.

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is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Top Insights for the Global Mobile Engine Filtration Market | Technavio

Technavio has published a new report on the global mobile engine filtration market from 2017-2021. (Graphic: Business Wire)

The latest market research report by Technavio on the global mobile engine filtration marketpredicts a CAGR of more than 6% during the period 2017-2021.

The report segments the global mobile engine filtration market by product type (liquid filter and air filter) and by geography (the Americas, EMEA, and APAC). It provides a detailed illustration of the major factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Here are some key findings of the global mobile engine filtration market, according to Technavio heavy industry researchers:

  • Rising global automotive sales: a major market driver
  • In 2016, the liquid filter segment dominated with a market share of more than 65%
  • APAC held the biggest share of the market followed by the Americas and EMEA
  • Bosch Auto Parts, Cummins Filtration, DENSO, MAHLE, Donaldson Company, and Parker Hannifin are the leading players in the market

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Market growth analysis

Global passenger cars and commercial vehicles witnessed a combined growth of close to 5% annually during 2011-2016. Commercial and passenger transport vehicles incorporate several different filters, including engine air intake filters, fuel oil filters, lubricating oil filters, and cabin air filters. Thus, the large volume of sales and the growth of the automotive market make the global automobile industry the biggest consumer and driver of filtration systems for mobile internal combustion engines.

According to Gaurav Mohindru, a lead analyst at Technavio for research on engineering tools, “The filtration systems in cars, buses, and other transport vehicles play a significant role in keeping the engine running smoothly while simultaneously extending the vehicle’s lifespan. Although advances in filtration technology have extended the maintenance cycle period after which the automotive engine filters need to be replaced, the market is expected to grow due to the increasing vehicle sales and demand for high-end filters.”

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Geographical analysis

Technavio researchers anticipate high growth for the global mobile engine filtration market in APAC due to the region being home to several major automobile manufacturers, two-wheeler users, and the bulk of the shipping industry, all of which explain its huge share in the global mobile engine filtration market. Many countries in APAC have been witnessing rapid economic growth and rise in the middle-class population, which is fueling the demand for new vehicles in the region.

Competitive vendor landscape

The larger vendors such as Bosch Auto Parts, Cummins Filtration, DENSO, Donaldson Company, MAHLE, and Parker Hannifin have been focusing on product innovation and developing high-performance products to meet the growing demands of end-use customers as well as increasingly stringent regulations. The smaller vendors, which mostly sell low-cost aftermarket alternatives, may be unable to compete successfully in the market as they do not have sufficient capital to invest in R&D operations. This is expected to fuel further consolidation among filtration system manufacturers as well as engine component vendors during the next five years. For instance, in February 2017, Parker Hannifin acquired major filter manufacturer, CLARCOR, which is expected to boost Parker Hannifin’s ranking in the global market significantly.

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Access Technavio’s continuously growing engineering tools research library and find expert analysis on hundreds of markets.

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Source:-businesswire