[Latest] Global Educational Tourism Market Size/Share Worth USD 1,402.1 Billion By 2033 At A 11.57% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

(MENAFN- GlobeNewsWire - Nasdaq) [220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of Global Educational tourism Market size & share revenue was valued at approximately USD 409 Billion in 2023 and is expected to reach USD 456.6 Billion in 2024 and is expected to reach around USD 1,402.1 Billion by 2033, at a CAGR of 11.57% between 2024 and 2033. The key market players listed in the report with their sales, revenues and strategies are EF Education First, WorldStrides, ACIS Educational Tours, CIEE (Council on International Educational Exchange), API (Academic Programs International), AIFS (American Institute for Foreign Study), Contiki (Young Adventurer Tours), TravelBound, SGI (Study Group International), BUNTE Reisebüro (BUNTE Educational Tours), and others.

Austin, TX, USA, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “ Educational Tourism Market Size, Trends and Insights By Age Group (Less Than 15 Years, 16-25 Years, 26-40 Years, 41-55 Years), By Education Type (Primary, Secondary, College, Post-graduation), By Occupation (Students, Teacher, Government Officials, Corporation Managers, Enterprise Owners, Workers, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033 ” in its research database.

“According to the latest research study, the demand of global Educational Tourism Market size & share was valued at approximately USD 409 Billion in 2023 and is expected to reach USD 456.6 Billion in 2024 and is expected to reach a value of around USD 1,402.1 Billion by 2033, at a compound annual growth rate (CAGR) of about 11.57% during the forecast period 2024 to 2033.”

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Educational Tourism Market: Overview

Educational tourism involves travel with a primary focus on learning and gaining educational experiences, encompassing visits to educational institutions, historical sites, cultural landmarks, and participation in specialized programs, workshops, or courses. This sector promotes global understanding, personal growth, and academic enrichment through a blend of travel and education.

Market dynamics show that increased government support and favorable policies are significant drivers. Governments worldwide recognize the value of educational tourism in fostering cultural exchange and improving educational standards.

Countries like the United States, Canada, and Australia have implemented strategies to attract international students through various visa programs and initiatives. For example, the U.S. hosted over 1 million international students in the 2020/2021 academic year, contributing about $39 billion to the economy.

Similarly, Canada and Australia offer post-graduation work permits and simplified visa processes to attract more educational tourists.

The rising income and mobility of the global middle class, particularly in emerging economies like China, India, and Brazil, are also driving the market. As disposable incomes increase, more families can afford to send their children abroad for education.

The OECD projects the global middle class to grow from 3.6 billion in 2020 to 5.3 billion by 2030, with significant increases in Asia. This demographic shift has led to a surge in students from these regions seeking educational opportunities abroad. For instance, over 700,000 Chinese students studied abroad in 2019, driven by the prioritization of quality education.

However, the market faces restraints such as the high costs associated with international education. Tuition fees, living expenses, and travel costs can be prohibitive, deterring many potential students and their families.

For example, the average cost for international students at U.S. public universities exceeds $25,000 per year, making it a significant financial burden. Similarly, in the UK, international students face average tuition fees of around £12,000 per year, alongside accommodation and other expenses.

Geopolitical tensions and visa restrictions also pose challenges. Changes in government policies and international relations can create uncertainties and barriers for students wishing to study abroad.

Recent geopolitical tensions, particularly between China and several Western countries, have led to increased visa scrutiny and travel restrictions. Additionally, tightening immigration policies in countries like the U.S. have contributed to a decline in new international student enrollments.

Despite these challenges, there are significant opportunities in the market, especially with the expansion of online and hybrid learning models accelerated by the COVID-19 pandemic. These models allow institutions to reach a global audience without requiring students to relocate.

During the pandemic, over 1.6 billion students engaged in online learning, prompting many educational institutions to develop robust online programs. This trend enables students worldwide to access quality education remotely.

The growing demand for skill-based and experiential learning is another opportunity. There is an increasing interest in educational experiences that extend beyond traditional classroom settings, focusing on practical skills and cultural immersion.

Programs offering internships, work placements, and hands-on learning are gaining popularity. The European Commission's Erasmus+ program, for instance, supports over 800,000 learners annually in gaining skills and experience through study and training abroad. UNESCO also highlights the importance of technical and vocational education and training (TVET) in addressing skills gaps and enhancing employability.

Segment analysis reveals that the 16-25 years age group held the highest market share in 2023. This demographic includes individuals in higher secondary school, college, or university, who are most likely to engage in educational tourism through study abroad programs, internships, and exchange programs.

The“Less Than 15 Years” age group is also experiencing growth as parents increasingly expose their children to international education through summer camps, cultural exchanges, and international school trips.

In terms of education type, college students constitute the largest segment. They participate in exchange programs, internships, and specialized courses abroad, significantly enhancing their academic and professional prospects.

The post-graduation segment is also growing rapidly as more students pursue advanced degrees overseas to gain a competitive edge in the job market, supported by increasing scholarships and funding opportunities.

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Occupational segmentation shows that students are the primary participants in educational tourism, engaging in a wide range of education-related travel activities. Teachers represent the fastest-growing subsegment, driven by professional development programs, workshops, and exchange programs aimed at improving teaching skills and knowledge.

Regionally, North America leads the global educational tourism market, with the United States and Canada being major destinations due to their prestigious universities, cutting-edge research facilities, and diverse academic programs.

The region's robust economy, supportive governmental policies, and extensive cultural exchange programs make it a prime destination for international students. Institutions like Harvard, MIT, and Stanford contribute to North America's leadership, offering advanced technological integration in education and numerous professional opportunities post-graduation.

The Asia Pacific region is the fastest-growing market, driven by heavy investments in educational infrastructure by countries like China, India, South Korea, and Japan. Economic growth in these regions has increased disposable incomes, enabling more students to seek education abroad.

The region is also witnessing more collaborations between local universities and international institutions, enhancing its attractiveness as a study destination. Government initiatives like China's Belt and Road Educational Exchange Program and India's Study in India campaign aim to attract international students, showcasing the region's growing educational prowess.

Additionally, the relatively affordable cost of education in the Asia Pacific compared to Western countries adds to its appeal for budget-conscious students.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 456.6 Billion
Projected Market Size in 2033	USD 1,402.1 Billion
Market Size in 2023	USD 409 Billion
CAGR Growth Rate	11.57% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Age Group, Education Type, Occupation and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Educational Tourism report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Educational Tourism report has been modified to include the COVID-19 impact study prior to delivery.)

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CMI has comprehensively analyzed the Global Educational Tourism market . The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict in depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Educational Tourism industry.

The competitive landscape includes key innovators, after market service providers, market giants as well as niche players which were studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, the Report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships, and emerging business models.

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Key questions answered in this report:

• What is the size of the Educational Tourism market and what is its expected growth rate?
• What are the primary driving factors that push the Educational Tourism market forward?
• What are the Educational Tourism Industry's top companies?
• What are the different categories that the Educational Tourism Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Educational Tourism market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Educational Tourism Market: Regional Analysis

North America stands out as the leading region in the global educational tourism market . This dominance is largely attributed to the United States and Canada, both of which are home to some of the world's most prestigious universities and educational institutions.

The allure of high-quality education, cutting-edge research facilities, and diverse academic programs attracts a significant number of international students. Additionally, the region's well-established infrastructure, robust economy, and supportive governmental policies for international students further bolster its leadership.

Educational tourism in North America benefits from extensive cultural exchange programs and scholarships, which make it a prime destination for learners from around the globe.

North America's leadership is underpinned by its historical reputation and consistent quality in higher education. The presence of globally recognized institutions such as Harvard, MIT, and Stanford plays a critical role.

Furthermore, the region offers a multicultural environment, advanced technological integration in education, and extensive professional opportunities post-graduation, making it a preferred choice for students worldwide.

The Asia Pacific region is the fastest growing in the global educational tourism market. This rapid growth can be attributed to several factors. Firstly, countries like China, India, South Korea, and Japan are heavily investing in their educational infrastructure, aiming to become global educational hubs.

The region's economic growth has increased the disposable incomes of families, enabling more students to seek educational opportunities abroad. Moreover, the Asia Pacific is witnessing an increase in collaborations between local universities and international institutions, enhancing the attractiveness of studying in the region.

Additionally, governments in these countries are implementing favorable policies to attract international students and promote cross-border educational exchanges.

On the other hand, the Asia Pacific's rapid growth is driven by its emerging economies and strategic focus on education as a critical sector for development. Countries in this region are not only improving their own educational standards but also becoming more appealing destinations for students from neighboring countries.

Initiatives like China's Belt and Road Educational Exchange Program and India's Study in India campaign are designed to attract international students and showcase the region's growing educational prowess. Additionally, the cost of education in the Asia Pacific is often more affordable compared to Western countries, adding to its appeal for budget-conscious students seeking quality education.

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List of the prominent players in the Educational Tourism Market :

• EF Education First
• WorldStrides
• ACIS Educational Tours
• CIEE (Council on International Educational Exchange)
• API (Academic Programs International)
• AIFS (American Institute for Foreign Study)
• Contiki (Young Adventurer Tours)
• TravelBound
• SGI (Study Group International)
• BUNTE Reisebüro (BUNTE Educational Tours)
• Others

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The Educational Tourism Market is segmented as follows:

By Age Group

• Less Than 15 Years
• 16-25 Years
• 26-40 Years
• 41-55 Years

By Education Type

• Primary
• Secondary
• College
• Post-graduation

By Occupation

• Students
• Teacher
• Government Officials
• Corporation Managers
• Enterprise Owners
• Workers
• Others

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Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Educational Tourism Market Research/Analysis Report Contains Answers to the following Questions .

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Educational Tourism Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Educational Tourism Market? What Was the Capacity, Production Value, Cost and PROFIT of the Educational Tourism Market?
• What Is the Current Market Status of the Educational Tourism Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Educational Tourism Market by Considering Applications and Types?
• What Are Projections of the Global Educational Tourism Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Educational Tourism Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Educational Tourism Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Educational Tourism Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Educational Tourism Industry?

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Reasons to Purchase Educational Tourism Market Report

• Educational Tourism Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Educational Tourism Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Educational Tourism Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Educational Tourism Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Educational Tourism market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Educational Tourism market analysis.

• The competitive environment of current and potential participants in the Educational Tourism market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Educational Tourism market should find this report useful. The research will be useful to all market participants in the Educational Tourism industry.
• Managers in the Educational Tourism sector are interested in publishing up-to-date and projected data about the worldwide Educational Tourism market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Educational Tourism products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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