The Indian pre-school/childcare market exhibited double-digit growth during 2014-2019. Preschool is a learning establishment that offers early childhood education to children who are between 2-4 years of age. Pre-schools are an essential part of the education system since in the first four years of age, children acquire the basic cognitive, physical, social and emotional capabilities that prepares them for later success in school and life. Pre-schools can operate both publicly and privately and they have been segmented into full day-care and after-school care categories.
The growth of the Indian pre-school/child care market is driven primarily by factors such as rising parent awareness for early childhood education and care, coupled with rising number of nuclear families and working women in the country. As both parents in the family are bound to be occupied with their professions, pre-schools offer a reliable system to ensure that the child’s growth is not hindered due to the absence of parents. Moreover, factors like increasing disposable income of parents and rapid urbanization has led to a rise in brand consciousness and penetration of international preschools in the country. This has resulted in the development of innovative and advanced infrastructures as well as quality education programs for preschools across the country. Additionally, with expansion in tier 2 and tier 3 cities and escalation of franchise numbers in untapped areas, the number of preschool/child care centres have significantly increased. The government of India has also launched the National Early Childhood Care and Education (ECCE) policy, promoting pre-schooling for children in low-income households of the country. Looking forward, IMARC Group expects the Indian pre-school/childcare market to continue its strong growth during the next five years.
IMARC Group’s latest report provides a deep insight into the Indian pre-school/childcare market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Indian pre-school/childcare market in any manner.
The report has also analysed the competitive landscape of the market with some of the key players being Kidzee, Bachpan, Eurokids, Tree House Education & Accessories Ltd., Shemrock, Kangaroo Kids, Hello Kids Education India Pvt., Little Millennium, Podar Jumbo kids, T.I.M.E. Kids Preschools, etc.
Key Questions Answered in This Report:
The Indian pre-school/childcare market was worth around US$ 3.4 Billion in 2019.
According to the estimates by IMARC Group, the Indian pre-school/childcare market will exhibit strong growth during the next five years.
Rising number of nuclear families and increase in the women employment rates in the country, are primarily driving the Indian pre-school/childcare market.
The Indian education system is now undergoing a rapid change in paradigms with the inclusion of lateral thinking and experiential learning methods, thereby representing one of the key trends in the Indian pre-school/childcare market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations in the country resulting in temporary closure of schools, preschools and childcare homes to mitigate the risk of disease transmission.
On the basis of the facility, the market has been bifurcated into full day care and after school care, where full day care facility hold the majority of the total market share.
On the basis of the ownership, the market has been classified into public and private childcare. At present, private childcare exhibit a clear dominance in the market.
On the basis of the age group, less than 2 years, 2-4 years, and 4-6 years. Amongst these, 2-4 years age group holds the majority of the total market share.
On the basis of the location, the market has been classified into standalone, school premises, and office premises. At present, standalone pre-schools exhibit a clear dominance in the market.
On the basis of the major cities, the market has been categorized into Delhi-NCR, Bengaluru, Hyderabad, Chennai, Mumbai, Kolkata, and Rest of India. Amongst these, the rest of India holds the majority of the total market share.
Region-wise, the market has been classified into North India, East India, West and Central India, and South India, where North India dominates the Indian pre-school/childcare market.
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