Market Research Future (MRFR) has published on the “Global Educational Tourism Market”.
The Educational Tourism market is estimated to register a CAGR of 13.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Educational Tourism market— World Expeditions Travel Group Pty Ltd, ACE CULTURAL TOURS, Atlantis Erudition & Travel Services, Kesari Tours Pvt. Ltd., ATG Travel, Global Educational Travel, Educational Tours, Inc., AAI EDUTOURZ, EF Education First, and Capital Tours, Inc
Market Highlights
The global educational tourism market is accounted to register a CAGR of 13.50% during the forecast period and is estimated to reach USD 1,155.0 Billion by 2032.
The educational tourism market is witnessing significant growth, driven by the increasing demand for experiential learning opportunities. Tourists are seeking destinations that offer a blend of cultural experiences and educational insights, leading to a rise in educational tours, workshops, and language learning programs.
Segment Analysis
The global educational tourism market has been segmented based age group, education type and occupation.
On the basis of age group, the market is segmented into less than 15 years, 16-25 years, 26-40 years, and 41-55 years. The 16-25 years segment dominated the global market in 2022. These are frequently the college and post-graduate years in terms of education. Customers in this age group desire to broaden their horizons, learn about a new culture, gain new skills, and increase their chances of securing overseas employment.
Based on education type, the global educational tourism market has been segmented into primary, secondary, college, and post-graduation. College segment dominated the global Educational Tourism market in 2022. This industry is driven by a high level of clarity about specialist degrees, flexible immigration laws, and competitively cost educational alternatives.
Based on occupation, the global educational tourism market has been segmented into students, teachers, government officials, corporation managers, enterprise owners, workers, and others. Students segment dominated the global market in 2022. Easy travel policies, such as low-cost modes of transit and straightforward student visas, are propelling industrial growth.
Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Educational Tourism Market Outlook
Regional Analysis
The global educational tourism market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Educational Tourism market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Educational Tourism market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Educational Tourism market comprises of Middle East, Africa, and Latin America.
In 2022, a sizable portion of the industry was accounted for by the North American educational tourism market. Customers from this region are lured to academically renowned universities in North America using a variety of strategies.
Moreover, the market for educational tourism in Europe is anticipated to increase significantly between 2023 and 2032. This is a result of the various nations' close proximity to one another and ease of transit between them. Students visiting one European country can easily travel to several other countries nearby, extending their perspectives and enriching their experiences.
Additionally, the Asia Pacific educational tourism market dominated this market in 2022 (45.80%). India and China continue to be the top two nations in the world for students who study abroad. Ivy Panda reports that 77% of all international students in the US are from Asia. Students from these areas are greatly influenced to travel for educational purposes by their parents, university rankings, the prospect of a better job, the involvement of agents and alumni, and the promise of a brighter future.
Furthermore, the rest of the world's educational tourism market is divided into the Middle East, Africa, and Latin America. The educational tourism market in Latin America is on the rise, driven by the region's rich cultural heritage and diverse landscapes. Countries like Peru, Mexico, and Costa Rica are becoming popular destinations for educational trips, offering unique learning experiences that combine history, nature, and language immersion.
Key Findings of the Study
- The global educational tourism market is expected to reach USD 1,155.0 Billion by 2032, at a CAGR of 13.50% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to Parents' influence, university rankings, the possibility of a better profession, the role of agents and alumni, and the promise of a better future
- Based on education type, the college segment was attributed to holding the largest market in 2022.
- World Expeditions Travel Group Pty Ltd, ACE CULTURAL TOURS, Atlantis Erudition & Travel Services, Kesari Tours Pvt. Ltd., ATG Travel, Global Educational Travel, Educational Tours, Inc., AAI EDUTOURZ, EF Education First, and Capital Tours, Inc
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Companies Covered | 15 |
Pages | 128 |
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