Preschool or Childcare Market in China by Service, Age Group, and Ownership - Forecast and Analysis 2023-2027
| Published: Mar 2023 | Pages: 127 | SKU: IRTNTR44425 |
China Preschool Or Childcare Market Forecast 2023-2027
The preschool or childcare market in China is estimated to grow at a CAGR of 11.22% between 2022 and 2027 and size of the market is forecast to increase by USD 7.74 billion. The report includes historic market data from 2017 to 2021. It also extensively covers market segmentation by service (full-time preschool or childcare and on-demand preschool or childcare), age group (children aged below 3 years, children aged between 3 and 6 years), and ownership (public preschool or childcare and private preschool or childcare). This report also includes an in-depth analysis of drivers, trends, and challenges.
Rising demand for sustained enrollment is the key factor driving the growth of the China preschool or childcare market. Although the government in China does not facilitate subsidized education in preschools or kindergartens, there has been a rise in demand for preschool education in the country. However, the government has increased funding for preschool education. Rising disposable income has also created a demand for different types of preschool services. This has allowed domestic and international players to invest in this market
Parents also prefer their children to study at an international preschool. This is because these schools have accreditations that are recognized around the world. Moreover, owing to the increasing number of children enrolled in preschools, vendors are opening new branches to capture market share and sustain in the competitive market in China. Therefore, the development of new preschools or childcare services in China, which offer the above-mentioned types of learning programs for children, is expected to increase enrollment during the forecast period.
What will be the Size of the Preschool Or Childcare Market In China During the Forecast Period?
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Who are the Major Preschool or Childcare Market in China Vendors?
Vendors 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.
3e International School: The company offers child initiated dual language activities for children. Also, it offers preschool activities for children and child-teacher interactions.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
- Beanstalk Education Group
- Canadian International School of Beijing
- Crestar Education Group
- Etonkids International Educational Group
- Fortune Kindergarten
- Golden Apple Education Investment Group Co. Ltd
- Ivy Education Group
- Montessori School of Shanghai
- Muffys International Kindergarten
- Noah Education Holdings Ltd.
- RYB Education Inc.
- Shanghai American School
- Soong Ching Ling School
- The International Montessori School
- Yew Chung International School of Shanghai
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Market Segmentation by Service
Based on Service, the market share growth by the full-time preschool or childcare segment will be significant during the forecast period. In this segment, this education has been observed to have a more lasting effect on children than hourly programs. Parents in China lay significant emphasis on the overall curriculum development of children to prepare them for international standards of education.
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The full-time preschool or childcare segment was valued at USD 6.51 billion in 2017 and continued to grow by 2021. The general education system in China is very rigid, with limited focus on aspects other than curriculum and assessment. Due to the increasing number of international schools in China, the learning process at K-12 and higher education levels is significantly being revamped. Moreover, the current generation of parents in China consists of millennials educated under the traditional Chinese education system. They are also aware of the challenges they faced when entering the globalized workforce. Therefore, as an initiation for the overall grooming of their children during the formative years, parents intend to enroll them in full-time preschools. This is because these schools not only have a set curriculum and framework, but also a well-structured calendar that focuses on the child's learning process and self-development activities. Such factors will increase segment growth during the forecast period.
Preschool Or Childcare Market In China: Key Trends and Challenges
Trends
Growing dual-income households is the primary trend in the China preschool or childcare market growth. The number of working women in China has increased significantly in recent years. According to the World Bank Group, women constituted 48.69% of China's total population in 2020 and almost 43.71% of the country's workforce. Moreover, women are moving from Tier 2 cities to Tier 1 cities in search of better opportunities. An increase in the number of working mothers has led to a rise in disposable income with respect to dual-income households. This has increased the average household income.
Owing to this, an increasing number of families in China can avail of facilities of good preschools for their children. This will enhance the number of enrollments. In such households, parents also have higher awareness pertaining to the benefits of sending children to preschools for learning activities. Furthermore, dual-income households have a good understanding of the types of preschools and are in a position to choose the appropriate preschool for their children. Such factors will increase the market growth during the forecast period.
Challenge
Increased cost of raising children are a major challenge to the growth of the China preschool or childcare market. The cost of raising a child in China is close to seven times its per capita GDP, significantly higher than in the US and Japan. According to Beijing-based YuWa Population Research Institute, on average, it costs USD 76,760 to raise a child in China. The rapidly increasing education fees are among the major concerns of parents, which may reduce enrollment in preschools or childcare centers. This emphasizes the challenges Chinese officials face as they attempt to address the country's rapidly falling birth rates.
Moreover, the high expense of child-raising is one of the reasons for the rapidly decreasing birth rates. The nation's preschool market's income is impacted by the persistent decline in the birth rate due to all the above-mentioned factors, which also negatively affects the economy's overall growth rate. Thus, the high cost of raising children in the country will negatively impact the growth of the market in focus during the forecast period.
Customer Landscape
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.
Preschool or Childcare Market in China Customer Landscape
Segment Overview
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
- Service Outlook (USD Billion, 2017 - 2027)
- Full-time preschool or childcare
- On-demand preschool or childcare
- Age group Outlook (USD Billion, 2017 - 2027)
- Children aged below 3 years
- Children aged between 3 to 6 years
- Ownership Outlook (USD Billion, 2017 - 2027)
- Public preschool or childcare
- Private preschool or childcare
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Preschool Or Childcare Market In China Scope |
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Report Coverage |
Details |
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Page number |
127 |
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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 11.22% |
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Market growth 2023-2027 |
USD 7.74 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
10.06 |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3e International School, Beanstalk Education Group, Canadian International School of Beijing, Crestar Education Group, Etonkids International Educational Group, Fortune Kindergarten, Golden Apple Education Investment Group Co. Ltd, Ivy Education Group, Montessori School of Shanghai, Muffys International Kindergarten, Noah Education Holdings Ltd., RYB Education Inc., Shanghai American School, Soong Ching Ling School, The International Montessori School, and Yew Chung International School of Shanghai |
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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 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 Or Childcare Market In China In Country Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the market size and its contribution to the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market industry across China
- Thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Age Group
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Ownership
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 12: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 14: Chart on China: Year-over-year growth 2022-2027 (%)
- Exhibit 15: Data Table on China: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Preschool or childcare market in China 2017 - 2021
- Exhibit 16: Historic Market Size – Data Table on Preschool or childcare market in China 2017 - 2021 ($ billion)
- 4.2 Service Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Service Segment 2017 - 2021 ($ billion)
- 4.3 Age group Segment Analysis 2017 - 2021
- Exhibit 18: Historic Market Size – Age group Segment 2017 - 2021 ($ billion)
- 4.4 Ownership Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Ownership Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Service
- 6.1 Market segments
- Exhibit 27: Chart on Service - Market share 2022-2027 (%)
- Exhibit 28: Data Table on Service - Market share 2022-2027 (%)
- 6.2 Comparison by Service
- Exhibit 29: Chart on Comparison by Service
- Exhibit 30: Data Table on Comparison by Service
- 6.3 Full-time preschool or childcare - Market size and forecast 2022-2027
- Exhibit 31: Chart on Full-time preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 32: Data Table on Full-time preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 33: Chart on Full-time preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 34: Data Table on Full-time preschool or childcare - Year-over-year growth 2022-2027 (%)
- 6.4 On-demand preschool or childcare - Market size and forecast 2022-2027
- Exhibit 35: Chart on On-demand preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 36: Data Table on On-demand preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 37: Chart on On-demand preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on On-demand preschool or childcare - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Service
- Exhibit 39: Market opportunity by Service ($ billion)
- Exhibit 40: Data Table on Market opportunity by Service ($ billion)
7 Market Segmentation by Age Group
- 7.1 Market segments
- Exhibit 41: Chart on Age Group - Market share 2022-2027 (%)
- Exhibit 42: Data Table on Age Group - Market share 2022-2027 (%)
- 7.2 Comparison by Age Group
- Exhibit 43: Chart on Comparison by Age Group
- Exhibit 44: Data Table on Comparison by Age Group
- 7.3 Children aged below 3 years - Market size and forecast 2022-2027
- Exhibit 45: Chart on Children aged below 3 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 46: Data Table on Children aged below 3 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Chart on Children aged below 3 years - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Children aged below 3 years - Year-over-year growth 2022-2027 (%)
- 7.4 Children aged between 3 and 6 years - Market size and forecast 2022-2027
- Exhibit 49: Chart on Children aged between 3 and 6 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 50: Data Table on Children aged between 3 and 6 years - Market size and forecast 2022-2027 ($ billion)
- Exhibit 51: Chart on Children aged between 3 and 6 years - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on Children aged between 3 and 6 years - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Age Group
- Exhibit 53: Market opportunity by Age Group ($ billion)
- Exhibit 54: Data Table on Market opportunity by Age Group ($ billion)
8 Market Segmentation by Ownership
- 8.1 Market segments
- Exhibit 55: Chart on Ownership - Market share 2022-2027 (%)
- Exhibit 56: Data Table on Ownership - Market share 2022-2027 (%)
- 8.2 Comparison by Ownership
- Exhibit 57: Chart on Comparison by Ownership
- Exhibit 58: Data Table on Comparison by Ownership
- 8.3 Public preschool or childcare - Market size and forecast 2022-2027
- Exhibit 59: Chart on Public preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Public preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Public preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Public preschool or childcare - Year-over-year growth 2022-2027 (%)
- 8.4 Private preschool or childcare - Market size and forecast 2022-2027
- Exhibit 63: Chart on Private preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on Private preschool or childcare - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on Private preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Private preschool or childcare - Year-over-year growth 2022-2027 (%)
- 8.5 Market opportunity by Ownership
- Exhibit 67: Market opportunity by Ownership ($ billion)
- Exhibit 68: Data Table on Market opportunity by Ownership ($ billion)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 70: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 72: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 73: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 74: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 75: Matrix on vendor position and classification
- 12.3 3e International School
- Exhibit 76: 3e International School - Overview
- Exhibit 77: 3e International School - Product / Service
- Exhibit 78: 3e International School - Key offerings
- 12.4 Beanstalk Education Group
- Exhibit 79: Beanstalk Education Group - Overview
- Exhibit 80: Beanstalk Education Group - Product / Service
- Exhibit 81: Beanstalk Education Group - Key offerings
- 12.5 Canadian International School of Beijing
- Exhibit 82: Canadian International School of Beijing - Overview
- Exhibit 83: Canadian International School of Beijing - Product / Service
- Exhibit 84: Canadian International School of Beijing - Key offerings
- 12.6 Crestar Education Group
- Exhibit 85: Crestar Education Group - Overview
- Exhibit 86: Crestar Education Group - Product / Service
- Exhibit 87: Crestar Education Group - Key offerings
- 12.7 Etonkids International Educational Group
- Exhibit 88: Etonkids International Educational Group - Overview
- Exhibit 89: Etonkids International Educational Group - Product / Service
- Exhibit 90: Etonkids International Educational Group - Key offerings
- 12.8 Fortune Kindergarten
- Exhibit 91: Fortune Kindergarten - Overview
- Exhibit 92: Fortune Kindergarten - Product / Service
- Exhibit 93: Fortune Kindergarten - Key offerings
- 12.9 Golden Apple Education Investment Group Co. Ltd
- Exhibit 94: Golden Apple Education Investment Group Co. Ltd - Overview
- Exhibit 95: Golden Apple Education Investment Group Co. Ltd - Product / Service
- Exhibit 96: Golden Apple Education Investment Group Co. Ltd - Key offerings
- 12.10 Ivy Education Group
- Exhibit 97: Ivy Education Group - Overview
- Exhibit 98: Ivy Education Group - Product / Service
- Exhibit 99: Ivy Education Group - Key offerings
- 12.11 Montessori School of Shanghai
- Exhibit 100: Montessori School of Shanghai - Overview
- Exhibit 101: Montessori School of Shanghai - Product / Service
- Exhibit 102: Montessori School of Shanghai - Key offerings
- 12.12 Muffys International Kindergarten
- Exhibit 103: Muffys International Kindergarten - Overview
- Exhibit 104: Muffys International Kindergarten - Product / Service
- Exhibit 105: Muffys International Kindergarten - Key offerings
- 12.13 Noah Education Holdings Ltd.
- Exhibit 106: Noah Education Holdings Ltd. - Overview
- Exhibit 107: Noah Education Holdings Ltd. - Product / Service
- Exhibit 108: Noah Education Holdings Ltd. - Key offerings
- 12.14 RYB Education Inc.
- Exhibit 109: RYB Education Inc. - Overview
- Exhibit 110: RYB Education Inc. - Business segments
- Exhibit 111: RYB Education Inc. - Key offerings
- Exhibit 112: RYB Education Inc. - Segment focus
- 12.15 Shanghai American School
- Exhibit 113: Shanghai American School - Overview
- Exhibit 114: Shanghai American School - Product / Service
- Exhibit 115: Shanghai American School - Key offerings
- 12.16 The International Montessori School
- Exhibit 116: The International Montessori School - Overview
- Exhibit 117: The International Montessori School - Product / Service
- Exhibit 118: The International Montessori School - Key offerings
- 12.17 Yew Chung International School of Shanghai
- Exhibit 119: Yew Chung International School of Shanghai - Overview
- Exhibit 120: Yew Chung International School of Shanghai - Product / Service
- Exhibit 121: Yew Chung International School of Shanghai - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 122: Inclusions checklist
- Exhibit 123: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 124: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 125: Research methodology
- Exhibit 126: Validation techniques employed for market sizing
- Exhibit 127: Information sources
- 13.5 List of abbreviations
- Exhibit 128: 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
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preschool or childcare market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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