Preschool or Childcare Market in China 2017-2021
About Preschool or Childcare
A preschool/kindergarten or a nursery school is an educational establishment wherein a learning space is offered to children, primarily aged below 6 years, which is early childhood. Training on many skills for cognitive development is provided to children in this age group before they commence compulsory education at primary and secondary schools. China is said to have one of the largest education systems in the world, in terms of value, with an almost 99% literacy rate. In China, children receive nine years of compulsory education. The maximum number of students spend six years in primary school, and some of them follow the five-year cycle of primary school. Primary education is for children from the age of six. This stage of education is followed by three to four years of junior secondary education.
Technavio’s analysts forecast the preschool or childcare market in China to grow at a CAGR of 14.01% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the preschool or childcare market in China for 2017-2021. To calculate the market size, the report considers the revenues generated by preschools by providing childcare services.Technavio's report, Preschool or Childcare Market in China 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 Childcare Market in China 2017-2021
Technavio recognizes the following companies as the key players in the preschool or childcare market in China: Golden Apple Education Group, Rainbow Bridge International School-Hong Qiao International School (RBIS-HQIS), Montessori School of Shanghai, Shanghai American School, and Yew Chung International School of Shanghai
Other Prominent Vendors in the market are: Beanstalk International Bilingual School, Canadian International School of Beijing, Crestar Education Group, Etonkids Educational Group, Little Tree Montessori International School, Noah Education Holdings Ltd., RYB Education Institution, and The International Montessori School of Hong Kong.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Rising investments in education sector. The growth of the education market and the rising importance of standardized tests have led to an increase in start-ups in the test preparation market in China. Initiatives such as Project 211 and Project 985 by the government of China help in strengthening the growth of higher educational institutions.”
According to the report, one of the major drivers for this market is Established and international players have pricing leverage. The number of preschools or childcare centers in China is growing at a rapid pace. Apart from independent preschools or kindergartens, which are prevalent in this sector, many international schools such as Hong Qiao International School and Canadian International School of Beijing are also providing preschool education. These are a few of the key established and international players with respect to the preschool or childcare market in China.
Further, the report states that one of the major factors hindering the growth of this market is Challenges related to high cost involved in constructing well-equipped preschools. The cost involved in building preschools or childcare centers is significant. High fixed costs and variable costs are incurred to establish preschools in urban China. Commercial real estate prices in China are very high. Many vendors of preschools, largely those operating on the franchise model, need to have a stipulated floor space to obtain a franchise. In addition, developing infrastructure, which involves buying suitable furniture and equipped washrooms, and buying various other essential equipment, also incur significant costs.
Golden Apple Education Group, Rainbow Bridge International School-Hong Qiao International School (RBIS-HQIS), Montessori School of Shanghai, Shanghai American School, Yew Chung International School of Shanghai, Beanstalk International Bilingual School, Canadian International School of Beijing, Crestar Education Group, Etonkids Educational Group, Little Tree Montessori International School, Noah Education Holdings Ltd., RYB Education Institution, and The International Montessori School of Hong Kong.
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