In a recent published report, Kenneth Research has updated the market report for English Proficiency Test Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for English Proficiency Test Market products.
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A report on English Proficiency Test Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021. On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide.
The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Among all the types of English Proficiency Test that includes IELTS, TOEFL, OTHERS. IELTS holds the highest market share in the English proficiency test Market owing to its higher accepting rates in various universities, institution etc. globally.
Among the regions, Asia Pacific Market will continue to be the largest market in the forecast period, majorly driven by Increasing disposable income, growing number of candidates studying abroad, growing awareness among the candidates regarding the conduction of the proficiency Tests coupled with employment opportunities in the foreign countries, etc.
Scope of the Report
Global English Proficiency Test Market (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• English Proficiency Test Market – Size, Growth, Forecast
• Analysis By Testing System : IELTS, TOEFL, OTHERS
• Analysis By Application: Graduates/ undergraduates, Employers, Others
Regional English Proficiency Test Market – North America, Europe, APAC, and ROW (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• Regional English Proficiency Test Market – Size, Growth, Forecast
• Analysis By Testing System: IELTS, TOEFL, OTHERS
• Analysis By Application: Graduates/ undergraduates, Employers, Others
Country Analysis – U.S. Canada, India, China (Actual Period: 2017-2018, Forecast Period: 2019-2024)
• English Proficiency Test – Size, Growth, Forecast
• Analysis By Testing System IELTS, TOEFL, OTHERS
• Analysis By Application: Graduates/ undergraduates, Employers, Others
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Other Report Highlights
• Market Dynamics – Drivers and Restraints.
• Market Trends
• Porter Five Forces Analysis.
• SWOT Analysis.
• Major Testing Systems – IELTS, TOEFL
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
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