India Preschool MarketPosted by Sophia Jones on February 2nd, 2021
India Preschool Market was valued USD 2.93 Billion in FY2020 and is forecast to grow at CAGR of 8.04% until the next five years. Rising urbanization, increase in female workforce, and increasing penetration of preschools in the country is expected to aid the overall growth of preschools sector. As of 2016, only around 17% of children in the age group of 1.5–4 years enrolled in preschools in India. However, with a greater thrust on education and increasing awareness about the necessity of quality preschool education, the penetration level is set to rise, which is anticipated to result in the growth of the preschool industry. Increase in the numbers of working women and men and having less time to spare for the children education is benefitting the preschool industry. Also, providing a common platform to children coming from all fields and disadvantaged families and environment is a major factor affecting the growth of the preschool market. Willingness of Indian parents to spend more for the better education of their ward and increasing number of nuclear families are fueling the growth of the market. The major players operating in the India preschool market are Zee Learn Limited, S.K. Educations Pvt. Ltd., Shemrock Group of Preschools, Hello Kids Education India Pvt. Ltd, Educomp Solutions Ltd, Eurokids International Private Limited and others. Preschool facilities in tier 2 and 3 cities are partnering with corporations which is anticipated to positively influence the growth of the market. Years considered for this report: Objective of the Study: Our Research performed primary as well as exhaustive secondary research for this study. Initially, Our Research sourced a list of Preschool players operating in India. Subsequently, Our Research conducted primary research surveys with the identified institutes. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our Research was able to include institutes that could not be identified due to the limitations of secondary research. Our Research analyzed facility, age group, location and regional presence of all the major Preschool players across the country. Our Research calculated the market size for the India Preschool market using a bottom-up approach, where revenue data for different facilities (full day care and after school care) of Preschool was recorded as well as forecast for future years. Our Research sourced these values from industry experts and institute representatives, and externally validated through analyzing historical revenue data of respective players to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also reviewed by Our Research. Key Target Audience: The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Preschool institutes, standalone schools and policy makers. The report would allow the stakeholder in identifying which market segments should be targeted in the coming years to strategize investments and capitalize on growth of the market. Report Scope: • Market, by Age Group: • Market, by Location: • Market, by Geography: • Market, by Leading City: Competitive Landscape: Channel Partner Analysis Browse our full report with Table of Content : About Market Reports on India: Contact us at: Like it? Share it!More by this author |