China Preschool or Child Care Market Drivers, Latest Trends and Challenges

Posted by Emma johnson on January 17th, 2018

The preschool or childcare market in China is projected to post a phenomenal CAGR of 14.01% from 2017 to 2021 (forecast period). In general, a preschool or a childcare center offers a learning environment, which is tailored to individual personalities and characteristics of each child, primarily aged below 6 years. Booming education sector in China is poised to augment the market.

Demand for preschool and childcare is on a steep rise in China owing to favorable amendments in government policies such as the end of one-child policy and increase in prominence of the English language in educational curriculums. As a result, the number of international playschool and daycare centers in the country is rising. Recently, the Department for International Trade (DIT) started the GREAT Early Years Education mission in China. Under this mission, DIT sent 10 representatives of nursery chains, nursery training providers, and U.K. nurseries to Shenzhen, Beijing, and Shanghai in September 2017. It is anticipated that China will be able to benefit from the outstanding expertise and education of U.K. in the early years sector. Children will be able to experience various activities, which will help them in building better personality.

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Spiraling competition among students to secure admissions in premium schools is encouraging parents to focus on ensuring quality education for their children from an early stage. This, in turn, is expected to provide a fillip to the preschool or childcare market in China, indicates a report added to Radiant Insights, Inc. Growing investments by the government in preschool education along with widening base of dual-income households can positively influence the market.

International preschools and childcare service providers provide stiff competition to regional players in terms of ambiance, quality, and price. Some of the prominent companies operating in the market are Yew Chung International School of Shanghai, Golden Apple Education Group, Montessori School of Shanghai, Rainbow Bridge International School- Hong Qiao International School (RBIS-HQIS), and Shanghai American School.

Radiant Insights, Inc. offers a plethora of tailor-made and syndicated reports for various domains, including healthcare, chemicals, medical devices, energy, materials, and technology. Each report is collated using data from both primary and secondary types of research.

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