DUBLIN–(BUSINESS WIRE)–The “India Preschool Market by Age Group (Less Than 2 Years, 2-4 Years, 4-6 years), by Location (Standalone, School Premises and Office Premises), Competition Forecast & Opportunities, 2016-2026” report has been added to ResearchAndMarkets.com’s offering.
The Indian Preschool Market was valued at USD 2.93 Billion in 2020 and is forecast to grow at a CAGR of 8.04% over the next five years.
Rising urbanization, increase in female workforce, and increasing penetration of preschools in the country is expected to aid the overall growth of preschools sector. As of 2016, only around 17% of children in the age group of 1.5-4 years enrolled in preschools in India. However, with a greater thrust on education and increasing awareness about the necessity of quality preschool education, the penetration level is set to rise, which is anticipated to result in the growth of the preschool industry.
Increase in the numbers of working women and men and having less time to spare for the children education is benefitting the preschool industry. Also, providing a common platform to children coming from all fields and disadvantaged families and environment is a major factor affecting the growth of the preschool market. Willingness of Indian parents to spend more for the better education of their ward and increasing number of nuclear families are fueling the growth of the market.
The major players operating in the Indian Preschool Market are Zee Learn Limited, S.K. Educations Pvt. Ltd., Shemrock Group of Preschools, Hello Kids Education India Pvt. Ltd, Educomp Solutions Ltd, Eurokids International Private Limited and others. Preschool facilities in tier 2 and 3 cities are partnering with corporations which is anticipated to positively influence the growth of the market.
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In this report, the Indian Preschool market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/bsec39
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