GITNUX MARKETDATA REPORT 2024

Test Prep Industry Statistics

The Test Prep Industry continues to grow steadily, with an increasing number of students seeking outside help to prepare for standardized tests such as the SAT and ACT.

Statistic 1

"The US test preparation market, encompassing both K-12 and higher education, was valued at $8.0 billion in 2021,"

Sources Icon

Statistic 2

"The estimated growth rate of global test prep market from 2021 to 2027 is 10.2%."

Sources Icon

Statistic 3

"The online segment of the test prep industry is projected to have the highest CAGR of over 15.0% from 2021 to 2027-"

Sources Icon

Statistic 4

"The Chinese test preparation market is projected to reach $17.9 billion by 2027."

Sources Icon

Statistic 5

"The Asia Pacific test preparation market is estimated to expand at a CAGR of above 15.0% from 2021 to 2027."

Sources Icon

Statistic 6

"The school exams preparation segment dominated the test prep market and accounted for over 30% revenue share in 2019."

Sources Icon

Statistic 7

"Graduate level examinations application segment is expected to grow at a CAGR of above 14% from 2021 to 2027."

Sources Icon

Statistic 8

"Number of SAT test takers in the United States in 2020/2021 school year was about 2.2 million."

Sources Icon

Statistic 9

"Approximately 1.7 million students in the United States took the ACT in 2019."

Sources Icon

Statistic 10

"In 2021, 54% of the high school graduating class took the ACT, and 47% took the SAT."

Sources Icon

Statistic 11

"About 80% of elite colleges and universities require SAT or ACT scores for admission."

Sources Icon

Statistic 12

"Approximately 16% of US high schools, serving about 500,000 students, don’t have any school-sponsored test preparation."

Sources Icon

Statistic 13

"Average cost for people to prepare for ACT or SAT exams varies between $200 and $800."

Sources Icon

Statistic 14

"The average score of ACT test at 20.9 in 2020, has been falling for last five years."

Sources Icon

Statistic 15

"Nearly one-quarter of students in 2019 used a fee-based test prep service or tutor for the SAT."

Sources Icon

Statistic 16

"For-profit test prep courses improve SAT scores by an average of about 30 points."

Sources Icon

Statistic 17

"Only 3% of the American test-prep industry is regulated, while in Japan it's around 87%."

Sources Icon

Statistic 18

"About 18% of ACT and SAT takers used a commercial test prep book in 2019."

Sources Icon

Statistic 19

"Over 80% of test-prep tutors earn more than the average U.S. teacher annually."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!