The
report titled, “Malaysia
Education Market Outlook to 2023 - By K-12 Education, Higher Education,
Test-Preparation Education and Vocational Education Market” provides an
overview on the industry revenue with prime focus on K-12 Private Education
Market, Higher Education Market and Test Preparatory Market.
The
report also covers future outlook and projections analysis along with SWOT
analysis, analyst recommendations and investors’ perspectives highlighting the
success factors for penetrating the market. The industry report has been
analyzed on the basis of the major players, government regulations, enrollment
and popular courses, emerging trends and future outlook. This report will
particularly help the readers to identify the ongoing trends in the industry
and anticipated growth in future depending upon changing industry dynamics in
upcoming years.
Malaysia Education Market Overview and
Size
Malaysia
aims to become the hub for higher education. The country has a target to enroll
higher number of international students in the next 5 years as compared to 2018.
Malaysia’s Gross Enrolment Ratio in 2017 in tertiary level education was of
41%, which is higher than most of the Asian countries, and higher than the
world average. Number of private schools and universities are higher than
number of government and government aided schools and universities, which
indicates the government’s motives to diversify and widen the education sector
by permitting private players to enter and run the industry. Malaysia is
increasingly becoming a globally preferred destination for higher education
owing to its world-class quality of education and reasonable cost of living.
Market Segmentation
By Sector (Higher Education, K-12
Education, E-Learning and Test Preparation Education)
Higher
education industry has dominated the market in terms of Revenue in the year
2018. Private universities charged the highest fee amongst all the educational
institutes in the overall industry and their fees have been rising sharply over
the years, thereby leading to a surge in revenues over the years.
Better
quality and global perspective to education in international schools led to
higher enrolments in these schools, consequently leading to K12 industry
contributing significantly to the overall market in the year 2018.
Declining
number of test takers and preference of institutes to move students to
Singapore has led to the fall in share of revenues for the test preparation
industry in 2018.
Malaysia Higher Education Industry
With
a multi-ethnic population of about 31.62 million, Malaysia has 477 private higher
education institutions, of which 53 are private universities and 36 are private
university colleges. Malaysia is also home to 10 foreign university branch
campuses, which serves the purpose of turning Malaysia into a regional higher
education hub. These HEIs offer a wide range of tertiary qualifications at
affordable prices.
By type of Universities (Government,
Private and Other Universities):
Out of the total number of people enrolled for higher education in the country
in 2018, majority was enrolled in private universities. The higher percentage
of enrollments in private universities than that of public universities is
because private universities provide opportunity and access for local students
to enroll in the courses of their choice whereas public universities have
limited seats. Public universities have more stringent policies in terms of
admission, which is absent in private universities.
By Gender (Male and female): In general, females have been observed to
have higher enrollments than males, despite male population being higher than
the female population. This is mainly due to the fact that females are observed
to crack entrance exams of universities more than males can; hence they secure
admissions to higher education institutions more than their male counterparts.
Malaysia K-12 Education Industry
The
Ministry of Education played a significant role in augmenting the industry
revenues during the review period by enforcing the Malaysia Education Blueprint
in 2013 which defined the course of education reform over the next decade. It
has mandated universal access of education to children and has an ambitious
goal of ensuring full enrollment of all children from preschool to upper
secondary school by 2020.
By Type of Schools (Public and
Private): The overall K-12 education industry
in Malaysia has been majorly captured by the public schools operating in the
country. There were 33,089 public schools in the country by 2017. The growing
demand for better quality education in the country has made private players to
tap this sector over the years. The total number of private schools in the
country has been evaluated at 10,192 in 2017.
By Level (Primary, Intermediate and
secondary): Primary
education has accounted for the highest share in the total revenue of K12
industry during 2018. Second largest share has been gathered by lower secondary
education. Upper secondary level has contributed the least in the total revenue
during 2017.
By Teacher Enrollments: Maximum teachers were hired in national
primary schools. This is because maximum students in K12 were enrolled in
primary level. Total teachers in government and government-aided schools are
reported to be 421,259 in 2017 out of which the maximum taught in secondary
schools.
Malaysia Vocational and Technical
Training Industry
By Teacher Enrollments: Maximum teachers that were enrolled to
various training institutes in Malaysia were in vocational colleges. Technical
and vocation education held a low share in total school enrolments in 2018.
This is a relatively low number; therefore, there exists a vast market to be tapped into. The government is
promoting vocational and technical skill sets.
By Students Enrollments: In 2017, maximum enrollments were found to be
in civil engineering and enrollments by males constitute a dominant share of
all students in 2018. For 2017, the highest enrollments for technical education
were projected to be in Perak area; therefore this appears to be a profitable
market for expansion of more technical institutes. In 2017, civil engineering
held the maximum share amongst all the fields of technical and vocational
education.
Malaysia Test Preparation Industry
Segmentation
The
overall enrolments in the Test preparation industry in Malaysia has been
declining in the past few years. As more and more universities are setting up
their branches in Malaysia and as Malaysia is slowly moving to become an
Educational Hub, students do not have the incentive to go abroad. In the future
it is expected that, the overall share of the test preparation industry is
expected to decline. IELTS is preferred more than TOEFL and GRE is preferred
more than GMAT.
By Type of Tests (SAT, IELTS, GRE,
TOEFL and GMAT): Maximum students
were enrolling to undertake IELTS in 2018. This is the highest in terms of enrolments,
owing to the fact that this exam tests proficiency in English and Malaysian
students sit for this exam to be at par with global communication skills.
Although the highest share of enrollments were from IELTS, but GRE contributed
to the highest share of the pie to revenues in 2018.
Malaysia Education Market Future
Outlook and Projections
The
Malaysian education industry is expected to grow at a CAGR of more than 6%
during the period 2018-2023. The allocation of USD 14.33 billion to education
sector of the country in the 2018 annual budget is anticipated to cause the
development of education industry during the projected period, thereby leading
to the growth of all sectors. The rise in number of private universities and
foreign universities of Australia and UK with branch campuses in Malaysia, as
well as higher influx of foreign students is expected to be one of the major
growth drivers of revenue in the outlook period.
Key Segments Covered
By Malaysia K-12 Education Market:
Level
of education (Kindergarten, Primary and Secondary Schools)
Ownership
of schools on the basis of various levels of education (Public and Private
Schools)
Gender
in various levels of education (Male and Female)
By
various regions on the basis of number of enrollments
Number
of schools (Public and Private)
By Malaysia Higher Education Market:
Type
of Universities (Public and Private Universities)
Gender
(Male and Female)
Academic
Degree (Bachelors, Master’s and Diploma)
By
Nationality (Domestic, International students)
By Vocational and Technical Training
Industry:
Region
Gender
(Male and Female)
Courses
By Malaysia Test Preparatory Market:
Types
of Tests (SAT, IELTS, GRE, TOEFL and GMAT)
Time Period Captured in the Report:
Historical Period – 2013-2018
Forecast Period – 2019-2023
Key Target Audience
Private
K-12 Schools
Government
Organizations
Test
Preparation Institutes
Private
Vocational Training Institutes
International
Schools
International
Colleges/Universities
Investors
in Education Sector
Companies/Schools/Universities
Covered:
Malaysia K-12 International Schools: Cempaka International Schools, Sunway
International Schools, Tenby International Schools, GEMS International Schools,
Regent
International Schools, Mont Kiara, St. John’s International Schools, The
International School of Parkcity, Global Indian International Schools.
Higher Educational Universities/Colleges: Universiti Teknologi Mara, Universiti
Teknologi Malaysia, Universiti Islam Antarabangsa Malaysia, Universiti Utara
Malaysia, Universiti Sains Malaysia, Universiti Putra Malaysia.
Test Preparation: Manhattan Review, Manhattan Elite Prep,
Benefit Prep, ELS Malaysia, Inspire Education
Key Topics Covered in the Report
Malaysia
Education Industry Size
Malaysia
Education Industry Future Outlook
Malaysia
K-12 Education Industry
Malaysia
K-12 Education Industry Segmentation
International
Schools in Malaysia
Trends
and Developments in Malaysia K-12 Education Industry
Competitive
Landscape of Malaysia K12 Education Industry
Malaysia
K-12 Education Industry Future Outlook and Projections
Trends
and Developments in Malaysia Test Preparation Industry
Competitive
Landscape of Malaysia Test Preparation Industry
Malaysia
Test Preparation Industry Future Outlook and Projections
SWOT
Analysis for Malaysia Education Industry
Government
Regulations
Analyst
Recommendations
Investment
Avenues
For more information, refer to below
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Ken
Research
Ankur
Gupta, Head Marketing & Communications
+91-9015378249
