Language Instruction in Canada Industry Market Research Report from IBISWorld Has Been Updated
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.
Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
Gavin Smith, IBISWorld, +1 (310) 866-5042, [email protected]
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