Indian Pre-School/Childcare Market Expanding at a CAGR of 12% during 2021-2

Indian Pre-School/Childcare Market Expanding at a CAGR of 12% during 2021-2026

amaramurray
amaramurray
6 min read

The latest report by IMARC Group, titled “Indian Pre-School/Childcare Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the indian market reached a value of US$ 3,480 Million in 2020. estimates that the Indian pre-school/childcare market is expanding at a robust rate. Pre-schools refer to educational institutions for kids belonging to the age group of 2 to 4 years that focuses on the early development of skills in the children. These establishments provide early education to the children, which aim to boost their self-esteem and enhance their learning habits. These learning spaces focus on optimizing their social, emotional as well as language skills to improve upon their basic motor, cognitive, physical, social, language and emotional capabilities. These institutes may also conduct team building activities for the children to promote the importance of teamwork while instilling a sense of empathy for their peers.

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A significant increase in the women employment rates over the past few years is primarily driving the growth of the market in India. Hectic lifestyles and late working hours of both the parents have led them to turn toward pre-schools and childcare services. A rise in the participation of women in the workforce has also inflated the per capita income levels of families, which further enables them to provide high-quality childcare and early education to their children. In addition to this, the emerging trend of nuclear families in the country has resulted in the increasing demand for pre-schools with well-curated programs by professionally trained staff. Apart from this, the Indian education system is currently undergoing a rapid paradigm shift with the incorporation of lateral thinking and experiential learning approaches. This trend is steadily gaining preference among the parents, which has led them to shift from kindergartens with a traditional teaching approach to pre-schools focusing on the overall development of the students through a creative approach. Looking forward, IMARC Group expects the market to grow at a CAGR of around 12% during 2021-2026.

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Competitive Landscape with Key Players:

KidzeeBachpanEurokidsTree House Education & Accessories Ltd.ShemrockKangaroo KidsHello Kids Education India Pvt.Little MillenniumPodar Jumbo kidsT.I.M.E. Kids Preschools

Key Highlights of the Market Segmentation:

Breakup by Region:

North IndiaEast IndiaWest and Central IndiaSouth India

Breakup by Facility:

Full Day CareAfter School Care

Breakup by Ownership:

PublicPrivate

Breakup by Age Group:

Less Than 2 Years2-4 Years4-6 YearsAbove 6 Years

Breakup by Location:

StandaloneSchool PremisesOffice Premises

Breakup by Major Cities:

Delhi-NCRBengaluruHyderabadChennaiMumbaiKolkataRest of India

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Key highlights of the report:

Market Performance (2015-2020)Market Outlook (2021-2026)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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