Preschool or Child Care Market in India 2017-2021
About Preschool or Child Care
In the unregulated segment of the Indian education market, the preschool or child care market in India is one of the booming segments. Like other developing economies, parents in India realize the importance of early education and its implications on the overall learning process of children through the K-12 years. In addition, the improved standard of living and increase in income levels have assisted parents in enrolling their children in preschools. Despite the promising demand for preschools in India, unlike in other countries, they comparatively receive minimal government support. As a result, like with the K-12 education segment in India, enrollments in private preschools is significantly high, and this trend will continue during the forecast period.
Technavio’s analysts forecast the preschool or child care market in India to grow at a CAGR of 31.80% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the preschool or child care market in India for 2017-2021. To calculate the market size, the report considers the segmentation by age and by product.
Technavio's report, Preschool or Child Care Market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Preschool or Child Care Market in India 2017-2021
Technavio recognizes the following companies as the key players in the preschool or child care market in India: EuroKids, Kangaroo Kids Education, Kidzee, Little Elly, and TreeHouse
Other Prominent Vendors in the market are: Globe Tot'ers, Head Start, Little Einsteins, Modern Montessori International, SHEMROCK, Smartkidz, and Sunshine Preschool & Daycare.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Indian households increasingly spending on quality education. The living standards in India has improved over the years. The nationwide annual per capita disposable income is expected to increase during the forecast period. With the high living standards in India, people are engaging themselves in spending more on education and entertainment.”
According to the report, one of the major drivers for this market is Increasing change in lifestyle and demographics. The consumer segment in India is segregated into urban and rural markets. At present, the country's population is dominated by the rural segment. However, factors such as the increase in nuclear families and disposable income owing to globalization will lead to higher proportion of urban population. The growing urban sector will positively influence the demand for child care facilities. This is because urban consumers have become aware of the benefits of enrolling their infants, toddlers, and children in the early childhood stage in child care centers and preschools. This, however, has also become a trend, adding to the growth of the market in focus.
Further, the report states that one of the major factors hindering the growth of this market is High cost involved in building new preschools. The cost involved in building new preschools or child care centers is extensive. Setting up of such facilities first requires a significant investment in the real estate. At present, purchasing of land in India has become an expensive affair, especially in urban areas. In addition, other infrastructural work such as painting, and setting up the required furniture, washroom, and equipment also involve immense costs. Furthermore, hiring teachers and staff for security and administrative purposes require extensive monetary support.
EuroKids, Kangaroo Kids Education, Kidzee, Little Elly, TreeHouse, Globe Tot'ers, Head Start, Little Einsteins, Modern Montessori International, SHEMROCK, Smartkidz, and Sunshine Preschool & Daycare.