PreSchool Market research
Presented by Rahul Yadav
1 2 3 Pre School Market - OverView Key Drivers, Trends, and Challenges Major Pre School Players Tableof contents
Pre-School industry comprises companies that operate by providing daycare services for infants and Kids. These centers usually cater to people in Pre School, but they may care for older children when school is not in session, such as during the summer or after school. Companies can also offer some educational programs. Pre School education includes formal education, which is usually given to children under the age of four, because it is important to learn and expose themselves before they start formal primary education.
It is a growing industry because of the increasing number of families in which parents work full time, this industry is one of the fastest growing in countries that developed and developed countries have a good environment, wealth and opportunities for growth. On the other hand, working parents often work overtime or hold multiple jobs and require more childcare, which reduces downtime. Now that the economy is improving, parents are employed and more people are choosing to have children, which will create a greater need for the preschool industry.
The preschool market share in India is expected to increase by USD 957.86 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.57%.
This preschool market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.
Furthermore, this report extensively covers preschool market segmentation in India by area (urban and rural) and age group (children aged 3-6 years and children aged below 3 years)
Key Drivers, Market Segmentation & Challenges
PRE-SCHOOL MARKET IN INDIA
PRE-SCHOOL MARKET DRIVER IN INDIA
The increasing participation of women in the labor force is one of the significant factors driving the preschool market size growth in India. The rapid transition in the societal mindset, rise in female education, and availability of employment opportunities have encouraged greater female participation in the labor force. Constructive measures undertaken by the Government of India have also played a crucial role in boosting the female employment rate and reducing gender disparity.
The increasing health expenditure, childcare cost, consumption expenditure, and inflation rate have driven women to join the labor force to support the rising household expenses. The participation rate of women in the labor force has increased, consequently fueling the preschool market growth in India.
MARKET SEGMENTATION
The preschool market in India is segmented by area (urban and rural) and age group (children aged 3-6 years and children aged below 3 years).
By area, the urban segment will account for the largest market share over the forecast period. The high penetration of playschools in tier 2 and tier 3 cities and the rising number of dual-income households are driving the growth of the preschool market in urban areas.
Similarly, by age group, children aged 3-6 years will exhibit high demand for preschool in India during the forecast period.
PRE-SCHOOL MARKET CHALLENGE IN INDIA
The increased cost of raising children will be a major challenge for the preschool market in India during the forecast period. The cost of raising children has increased and, hence, parents have to spend a large portion of their income on providing their children with basic necessities. In many families, the cost of raising a child exceeds the major household expenses such as housing, college fees, transportation, and food. This acts as a major challenge, especially for low-income families.
The increasing cost of childcare has been regarded as one of the reasons for the decline in the birth rate in India. The consistent decline in the fertility rate has a negative impact on the overall growth rate of the economy, which, in turn, impacts the revenue of the country's preschool market.
This preschool market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
MAJOR PRE-SCHOOL PLAYERS
EUROKIDS INTERNATIONAL PVT. LTD. SHEMROCK GROUP OF PRESCHOOLS SMARTKIDZ EDUCARE INDIA PVT. LTD.
Apple Kids Little Millennium Tree House Education & Accessories Ltd
Learn Ltd
Global
klayschools Zee
Bachpan
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