Demand for language instruction will also grow as the Canadian population becomes more diverse and businesses attempt to target new demographics.
New York, NY (PRWEB) February 06, 2015
Several positive economic trends have bolstered demand for the Language Instruction industry over the past five years, underpinning modest revenue growth through 2015. In particular, disposable income grew relatively consistently over the period, stimulating international travel by Canadian residents. Additionally, corporate profit performed strongly, allowing businesses to more easily carry out international expansion projects. Industry operators have also developed online-education platforms, increasing accessibility for students across the world.
Over the past two decades, significant economic growth has occurred in non-English-speaking regions, particularly China and India. This has led many companies to expand overseas operations, stimulating demand for foreign-language training. According to IBISWorld Industry Analyst David Witter, “In emerging economies, the rapidly expanding middle class has resulted in a growing student population that seeks out international education opportunities. As Canada's international-student population increased, demand for English and French language instruction courses also rose.” Positive demand growth has also allowed industry companies to maintain profit margins since 2010.
The Language Instruction industry is expected to benefit from consistent demand growth over the next five years, as outbound tourism, disposable income and corporate profit continue to rise. “Language schools will likely build on their success in the online, corporate and international markets to drive growth,” says Witter. “Demand for language instruction will also grow as the Canadian population becomes more diverse and businesses attempt to target new demographics.” In the coming years, steady immigration will likely support long-term demand for English- and French-language courses domestically. In particular, federal government efforts to increase the international student population in Canada will likely drive demand for language instruction.
For more information, visit IBISWorld’s Language Instruction in Canada industry report page.
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IBISWorld industry Report Key Topics
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.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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