Preschools in China - Industry Market Research Report
Description
Preschools in China
China's preschool industry developed rapidly prior to 2019, largely thanks to increased government investment and the growing number of preschool-aged children. From 2019 to 2021, most preschools had to be closed temporarily due to the COVID-19 pandemic outbreak and companies' revenue growth slowed down over this period. With an overall increasing number of preschoolers – which reached a record high in 2020 – and consistently growing state input in preschool education, industry revenue kept increasing up to 2021. With continual birth rate decreases, the number of preschoolers are expected to drop in the coming years. Industry revenue is expected to decrease 1.0% in 2023, representing a CAGR of 1.4% in the five years to 2023, totaling $92.4 billion. Industry profit margins decreased to 8.5% in 202, affected by higher purchasing costs and wages.
Preschools in China follow the national preschool education regulations, and provide childcare and education to children aged between three and six years old. Both kindergarten and preschool education services are included in the industry. In China, kindergartens are for young toddlers, and comprise an educational approach based on practical activities to help children transition from home to school. Preschools help children adapt to formal schooling.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
China's preschool industry developed rapidly prior to 2019, largely thanks to increased government investment and the growing number of preschool-aged children. From 2019 to 2021, most preschools had to be closed temporarily due to the COVID-19 pandemic outbreak and companies' revenue growth slowed down over this period. With an overall increasing number of preschoolers – which reached a record high in 2020 – and consistently growing state input in preschool education, industry revenue kept increasing up to 2021. With continual birth rate decreases, the number of preschoolers are expected to drop in the coming years. Industry revenue is expected to decrease 1.0% in 2023, representing a CAGR of 1.4% in the five years to 2023, totaling $92.4 billion. Industry profit margins decreased to 8.5% in 202, affected by higher purchasing costs and wages.
Preschools in China follow the national preschool education regulations, and provide childcare and education to children aged between three and six years old. Both kindergarten and preschool education services are included in the industry. In China, kindergartens are for young toddlers, and comprise an educational approach based on practical activities to help children transition from home to school. Preschools help children adapt to formal schooling.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
30 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON
Search Inside Report
Pricing
Currency Rates
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