Preschool Market in India by Area and Age Group - Forecast and Analysis 2022-2026
- Published: Mar 2022
- Pages: 120
- SKU: IRTNTR40211
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The preschool market share in India is expected to increase by USD 957.86 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.57%.
This preschool market in India research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers preschool market segmentation in India by area (urban and rural) and age group (children aged 3-6 years and children aged below 3 years). The preschool market in India report also offers information on several market vendors, including Best Entertainment Pvt. Ltd., EuroKids International Pvt. Ltd., Founding Years Learning Solutions Pvt. Ltd., Globetrotters Kids, S.K. Educations Pvt. Ltd., SHEMROCK Group of Preschools, Smartkidz Educare India Pvt. Ltd., Tree House Education & Accessories Ltd., WeCare Learning Pvt. Ltd., and Zee Learn Ltd. among others.
What will the Preschool Market Size in India be During the Forecast Period?
Download the Free Report Sample to Unlock the Preschool Market Size in India for the Forecast Period and Other Important Statistics
Preschool Market in India: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing participation of women in the labor force is notably driving the preschool market growth in India, although factors such as increased cost of raising children may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the preschool industry in India. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Preschool Market Driver in India
The increasing participation of women in the labor force is one of the significant factors driving the preschool market size growth in India. The rapid transition in the societal mindset, rise in female education, and availability of employment opportunities have encouraged greater female participation in the labor force. Constructive measures undertaken by the Government of India have also played a crucial role in boosting the female employment rate and reducing gender disparity. The increasing health expenditure, childcare cost, consumption expenditure, and inflation rate have driven women to join the labor force to support the rising household expenses. The participation rate of women in the labor force has increased, consequently fueling the preschool market growth in India.
Key Preschool Market Trend in India
The adoption of online preschool services is another major factor supporting the preschool market in India. Since the number of COVID-19 cases in India is still increasing, many parents are restricting preschool education for their children to prevent them from being infected. For this reason, many preschool vendors in India are adopting online preschool services for children to ensure that they are not deprived of their early education. Vendors are also inducing online preschool services with special programs for the children to encourage their curricular activities and enhance their understanding level. These classes are a consolidation of conceptual and co-curricular activities and are aimed at fostering the overall development of the children. Such vendors are expected to witness a gradual business growth in 2021, which will eventually lead to mass enrollments of children during the forecast period.
Key Preschool Market Challenge in India
The increased cost of raising children will be a major challenge for the preschool market in India during the forecast period. The cost of raising children has increased and, hence, parents have to spend a large portion of their income on providing their children with basic necessities. In many families, the cost of raising a child exceeds the major household expenses such as housing, college fees, transportation, and food. This acts as a major challenge, especially for low-income families. The increasing cost of childcare has been regarded as one of the reasons for the decline in the birth rate in India. The consistent decline in the fertility rate has a negative impact on the overall growth rate of the economy, which, in turn, impacts the revenue of the country’s preschool market.
This preschool market in India analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the preschool market in India as a part of the global education services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the preschool market in India during the forecast period.
Who are the Major Preschool Market Vendors in India?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Best Entertainment Pvt. Ltd.
- EuroKids International Pvt. Ltd.
- Founding Years Learning Solutions Pvt. Ltd.
- Globetrotters Kids
- S.K. Educations Pvt. Ltd.
- SHEMROCK Group of Preschools
- Smartkidz Educare India Pvt. Ltd.
- Tree House Education & Accessories Ltd.
- WeCare Learning Pvt. Ltd.
- Zee Learn Ltd.
This statistical study of the preschool market in India encompasses successful business strategies deployed by the key vendors. The preschool market in India is fragmented and the vendors are deploying growth strategies such as spending on major factors such as brand, labor, technology, and CAPEX to compete in the market.
Product Insights and News
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Brainbees Solutions Pvt. Ltd. - The company offers preschool program such as FirstCry intellitots preschool toddlers program, which includes fine motor skills development, gross motor skills development, personal, socio emotional skill development, and cognitive skills development.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The preschool market in India forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Preschool Market in India Value Chain Analysis
Our report provides extensive information on the value chain analysis for the preschool market in India, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the education services market includes the following core components:
- Inputs
- Operations
- Marketing and sales
- Support activities
- Innovation
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
What are the Revenue-generating Area Segments in the Preschool Market in India?
To gain further insights on the market contribution of various segments Request for a FREE sample
The preschool market share growth in India by the urban segment will be significant during the forecast period. With the growing awareness among parents about the importance of early childhood education and the rise in the number of dual-income households, the penetration rate of playschools in tier 2 and tier 3 cities will increase during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the preschool market size in India and actionable market insights on post COVID-19 impact on each segment.
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Preschool Market Scope in India |
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|
Report Coverage |
Details |
|
Page number |
120 |
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Base year |
2021 |
|
Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9.57% |
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Market growth 2022-2026 |
$ 957.86 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.40 |
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Regional analysis |
India |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Best Entertainment Pvt. Ltd., EuroKids International Pvt. Ltd. , Founding Years Learning Solutions Pvt. Ltd., Globetrotters Kids, S.K. Educations Pvt. Ltd., SHEMROCK Group of Preschools, Smartkidz Educare India Pvt. Ltd. , Tree House Education & Accessories Ltd. , WeCare Learning Pvt. Ltd., and Zee Learn Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Preschool Market in India Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive preschool market growth in India during the next five years
- Precise estimation of the preschool market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the preschool industry in India
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of preschool market vendors in India
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1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 6
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 7
2. Market Landscape
2.1 Market ecosystem
2.1.1 Parent Market
Exhibit 06: Parent market
Exhibit 07: Market Characteristics
2.2 Value chain analysis
Exhibit 08: Value chain analysis : Education Services
2.2.1 Inputs
2.2.2 Operations
2.2.2.1 Pitching and profiling
2.2.2.2 Resourcing and communicating
2.2.2.3 Delivery and support
2.2.2.4 Connecting and innovating
2.2.3 Marketing and sales
2.2.4 Support activities
2.2.5 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 09: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 10: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1 Estimating growth rates for emerging and high-growth markets
3.4.2 Estimating growth rates for mature markets
Exhibit 11: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 12: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 13: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 14: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 15: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 16: Threat of new entrants
4.5 Threat of substitutes
Exhibit 17: Threat of substitutes
4.6 Threat of rivalry
Exhibit 18: Threat of rivalry
4.7 Market condition
Exhibit 19: Market condition - Five forces 2021
5. Market Segmentation by Area
5.1 Market segments
The segments covered in this chapter are:
- Urban
- Rural
Exhibit 20: Area - Market share 2021-2026 (%)
5.2 Comparison by Area
Exhibit 21: Comparison by Area
5.3 Urban - Market size and forecast 2021-2026
Exhibit 22: Urban - Market size and forecast 2021-2026 ($ million)
Exhibit 23: Urban - Year-over-year growth 2021-2026 (%)
5.4 Telecommunication - Market size and forecast 2021-2026
Exhibit 24: Rural - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Rural - Year-over-year growth 2021-2026 (%)
5.5 Market opportunity by Area
Exhibit 26: Market opportunity by Area
6. Market Segmentation by Age group
6.1 Market segments
The segments covered in this chapter are:
- Children aged 3 to 6 years
- Children aged below 3 years
Exhibit 27: Age group - Market share 2021-2026 (%)
6.2 Comparison by Age group
Exhibit 28: Comparison by Age group
6.3 Children aged 3 to 6 years - Market size and forecast 2021-2026
Exhibit 29: Children aged 3 to 6 years - Market size and forecast 2021-2026 ($ million)
Exhibit 30: Children aged 3 to 6 years - Year-over-year growth 2021-2026 (%)
6.4 Children aged below 3 years - Market size and forecast 2021-2026
Exhibit 31: Children aged below 3 years - Market size and forecast 2021-2026 ($ million)
Exhibit 32: Children aged below 3 years - Year-over-year growth 2021-2026 (%)
6.5 Market opportunity by Age group
Exhibit 33: Market opportunity by Age group
7. Customer Landscape
7.1 Overview
Exhibit 34: Customer landscape
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Increasing participation of women in the labor force
8.1.2 Increased emphasis on teacher training
8.1.3 Rising disposable income and positive economic growth
8.2 Market challenges
8.2.1 Increased cost of raising children
8.2.2 Less focus on early childhood education
8.2.3 COVID-19 pandemic scenario in India
Exhibit 35: Impact of drivers and challenges
8.3 Market trends
8.3.1 Adoption of online preschool services
8.3.2 Rising trend of high-value services
8.3.3 Rising trend of corporate playschools
9. Vendor Landscape
9.1 Overview
Exhibit 36: Vendor landscape
9.2 Landscape disruption
Exhibit 37: Landscape disruption
Exhibit 38: Industry risks
9.3 Competitive scenario
10. Vendor Analysis
10.1 Vendors covered
Exhibit 39: Vendors covered
10.2 Market positioning of vendors
Exhibit 40: Market positioning of vendors
10.3 Brainbees Solutions Pvt. Ltd.
Exhibit 41: Brainbees Solutions Pvt. Ltd. - Overview
Exhibit 42: Brainbees Solutions Pvt. Ltd. - Product and service
Exhibit 43: Brainbees Solutions Pvt. Ltd. - Key offerings
10.4 EuroKids International Pvt Ltd.
Exhibit 44: EuroKids International Pvt Ltd. - Overview
Exhibit 45: EuroKids International Pvt Ltd. - Product and service
Exhibit 46: EuroKids International Pvt Ltd. - Key offerings
10.5 Founding Years Learning Solutions Pvt Ltd.
Exhibit 47: Founding Years Learning Solutions Pvt Ltd. - Overview
Exhibit 48: Founding Years Learning Solutions Pvt Ltd. - Product and service
Exhibit 49: Founding Years Learning Solutions Pvt Ltd. - Key offerings
10.6 Globetrotters Kids
Exhibit 50: Globetrotters Kids - Overview
Exhibit 51: Globetrotters Kids - Product and service
Exhibit 52: Globetrotters Kids - Key offerings
10.7 SK Educations Pvt Ltd.
Exhibit 53: SK Educations Pvt Ltd. - Overview
Exhibit 54: SK Educations Pvt Ltd. - Product and service
Exhibit 55: SK Educations Pvt Ltd. - Key offerings
10.8 Sebille Educations Pvt. Ltd.
Exhibit 56: Sebille Educations Pvt. Ltd. - Overview
Exhibit 57: Sebille Educations Pvt. Ltd. - Product and service
Exhibit 58: Sebille Educations Pvt. Ltd. - Key offerings
10.9 SHEMROCK Group of Preschools
Exhibit 59: SHEMROCK Group of Preschools - Overview
Exhibit 60: SHEMROCK Group of Preschools - Product and service
Exhibit 61: SHEMROCK Group of Preschools - Key offerings
10.10 Smartkidz Educare India Pvt Ltd.
Exhibit 62: Smartkidz Educare India Pvt Ltd. - Overview
Exhibit 63: Smartkidz Educare India Pvt Ltd. - Product and service
Exhibit 64: Smartkidz Educare India Pvt Ltd. - Key offerings
10.11 Tree House Education And Accessories Ltd.
Exhibit 65: Tree House Education And Accessories Ltd. - Overview
Exhibit 66: Tree House Education And Accessories Ltd. - Product and service
Exhibit 67: Tree House Education And Accessories Ltd. - Key offerings
10.12 Zee Learn Ltd.
Exhibit 68: Zee Learn Ltd. - Overview
Exhibit 69: Zee Learn Ltd. - Business segments
Exhibit 70: Zee Learn Ltd. - Key news
Exhibit 71: Zee Learn Ltd. - Key offerings
Exhibit 72: Zee Learn Ltd. - Segment focus
11. Appendix
11.1 Scope of the report
11.1.1 ????Market definition
11.1.2 Objective
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 73: Currency conversion rates for US$
11.3 Research Methodology
Exhibit 74: Research Methodology
Exhibit 75: Validation techniques employed for market sizing
Exhibit 76: Information sources
11.4 List of abbreviations
Exhibit 77: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- increasing participation of women in the labor force
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