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Preschool / Child Care Market in India to Grow at 23% through 2022

Rising per capita expenditure on education, increasing working women population coupled with rising number of nuclear families are some of the factors to drive preschool/child care market in India through 2022

According to TechSci Research report, India Preschool/Child Care Market By Facility, By Age Group, By Location, Competition Forecast & Opportunities, 2012–2022, preschool / child care market in India is forecast to grow at a CAGR of around 23% during 2017 - 2022. Factors like rising parent concerns and awareness about early childhood education and care, coupled with increasing number of nuclear families and working women population are expected to contribute to the growing demand for preschool/child care centers in the country over the course of next five years. Moreover, rapid urbanization has led to an increase in brand consciousness and penetration of many international preschools in the country. This has consequently resulted in the emergence of innovative and advanced infrastructure as well as quality education in the preschools across the country.

Browse 38 Figures and Tables spread through 100 Pages and an in-depth TOC on "India Preschool/Child Care Market"

Surging personal disposable income and rising standard of living due to increasing influence of western culture is leading to parents opening to spending more on giving quality education to their child. Further, with expansion in Tier Il and Tier IIl cities and increasing franchise numbers in untapped areas, number of organized preschool/child care centers are expected to significantly increase across the country in the coming years. With maximum demand for preschools, North region has been the largest regional preschool/child care market over the last few years.

On the basis of facility, India preschool/child care market is broadly segmented into full day care and after school care. The full day care segment dominated India preschool/child care market in 2016, and the segment is projected to garner more than three-fourths of the market share in 2022. This growth can be attributed to increasing disposable income of customers, expanding working women population, rising dual income households and paucity of time among parents for child care. Among age groups, 2-4 years category dominates India preschool/child care market and is expected to dominate during the forecast period as well. On the basis of location, standalone preschools have dominated the India preschool/child care market. However, the demand for day cares within school premises is anticipated to rise at a fast pace in the coming years.

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Preschools & child care market is booming in India owing to increasing interest among parents for quality early education for their children, as well as due to emerging franchise model to scale up operations among preschool chain owners. Owing to these factors, Indian preschool market is expected to flourish in the coming years. Further, rising income levels and increasingly busy lifestyle, coupled with favorable government initiatives to support child education, are expected to have a significantly positive impact on the country’s preschool & child care market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  

“India Preschool/Child Care Market By Facility, By Age Group, By Location, Competition Forecast & Opportunities, 2012–2022” has evaluated the future growth potential of India preschool/child care market and provides statistics and information on market structure, size and trends. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in India preschool/child care market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


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