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The India - preschool market size is estimated to grow at a CAGR of 8.49% between 2022 and 2027. The market size is forecast to increase by USD 34.65 million. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by area (urban and rural) and age group (children aged 3-6 years and children aged below 3 years). This report also includes an in-depth analysis of drivers, trends, and challenges.
Rising disposable income and positive economic growth is the key factor driving the growth of the market. The improved economic situation in the country has further encouraged the emergence of new startups in the country. Rising per capita income has boosted spending in key areas such as healthcare and education, which has also boosted the Indian preschool market. In addition, aggressive government measures have increased investment opportunities in India. Therefore, positive measures taken by the government have led to increased investment in educational institutions, including preschools, which in turn fueled the growth of the India preschools market during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The India preschool market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the urban segment will be significant during the forecast period. The demand for preschools in urban areas has been enhanced by the increased penetration of branded preschool places in Tier 1 and 2 cities, together with increasing disposable income. In addition, a number of international childcare brands are making their presence felt in India and providing supplementary services to parents. In addition, current distributors are upgrading their curricula in order to comply with the standards laid down by international brands.
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The urban segment shows a gradual increase in the market share of USD 56.89 million in 2017 and continue to grow by 2021. In urban areas of India, especially in Tier 1 and Tier 2 cities, preschools that use Montessori and Playway methods to teach children are expected to see an increase in enrollment compared to other regular preschools. While the Montessori method of teaching in preschools is based on independent activity, hands-on learning, and collaborative play, the Playway methodology is based on activity-based learning, where children are exposed to familiar learning environments. Therefore, such preschools are expected to drive market growth in urban areas across India during the forecast period.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Adoption of online preschool services is the primary trend in the market. In India, the growing demand for a flexible and adaptable education system has increased the acceptance of online preschool services. For this reason, many preschool providers in India are launching online early childhood education services to prevent children from getting early education. Market players such as Footprints Childcare Pvt. Ltd. and SatNav Preschools Pvt. Ltd. offer online preschool services in India to stay competitive and attract more enrollees.
Moreover, to encourage curricular activities and enhance their comprehension level, the India - preschool market players are also offering online preschool education with special programs for children. Consequently, a gradual growth in revenues is expected to be observed by players who offer these online early education services as this will eventually lead to widespread enrolment of children in the market during the forecast period.
The increased cost of raising children is a challenge that affects the growth of the market. The cost of taking care of a child is much higher than the household expenditure, including housing, educational fees, transportation, and food, in many families. It constitutes a major problem, in particular for low-income families. In addition, childcare expenses that include schooling and related costs amount to over 15 % of income for families.
Moreover, one reason for the reduction in the fertility rate in India was considered to be rising childcare costs. The trend in the declining birth rate also negatively impacts economic growth as a whole and is expected to impede the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
India Preschool Market Customer Landscape
The India preschool market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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India Preschool Market Scope |
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Report Coverage |
Details |
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Page number |
119 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.49% |
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Market growth 2023-2027 |
USD 34.65 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
6.61 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Brainbees Solutions Pvt. Ltd., Footprints Child Care Pvt. Ltd., Founding Years Learning Solutions Pvt Ltd., Globetrotters Kids, Hello Kids, KRS Educreations Pvt. Ltd., Learning Curve Edutech Solutions Pvt. Ltd., Learning Edge India Pvt. Ltd., Lighthouse Learning Pvt. Ltd., Little Millennium Education Pvt. Ltd, MOTHERS PRIDE EDUCATION PVT. LTD., Pebbles Pre School, Podar Education Network, SK Educations Pvt. Ltd., Sebille Educations Pvt. Ltd., SHEMROCK Group of Preschools, Smartkidz Educare Global Pvt. Ltd., Sunshine Preschool And Daycare, Tree House Education And Accessories 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, and 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. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Area
7 Market Segmentation by Age Group
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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