India Preschool Market is Fueled by 2-5 Years of Age Group During the Forecast Period
Increasing number working women and men,
rising penetration of preschools in the country are factors driving the India
preschool market in
the forecast period 2024-2028.
According
to the TechSci Research report, “India
preschool Market - Industry Size, Share, Trends, Competition, Opportunity, and
Forecast, 2018-2028F”
The
preschool market has been experiencing significant growth in recent years,
driven by changing parenting trends acknowledge the importance of early
socialization, peer pressure and societal norms, rising working parents having
busy schedules and commitments, rising need for skill development from an early
age due to the competitive nature of urban environments are the various factors
during the market of preschools in India during the forecasted period.
One
of the primary factors driving the growth of the preschool market is the growing
awareness of the holistic development in children. Parents are increasingly
seeking holistic development for their children. Preschools offer a range of
activities, including arts, sports, and language development, promoting
well-rounded growth. Moreover, urban lifestyles are often fast-paced, with
parents having busy schedules and commitments. Preschools provide a structured
and organized routine for children, fostering a sense of discipline and
consistency in their lives. Also, in Urban nuclear families might have fewer
opportunities for children to interact with siblings or extended family members
regularly. Preschools facilitate early socialization and peer interactions,
which are crucial for a child's social and emotional development.
Urban parents are generally more conscious of
the need for skill development from an early age due to the competitive nature
of urban environments. Preschools focus on cognitive, motor, language, and
social skill development, aligning with the aspirations of urban parents.
Urbanization has led to a rise in nuclear families, where extended family
support is limited. This can place extra responsibility on parents, making it
challenging to provide all-round care and stimulation for their children. Preschools
become essential partners in sharing this responsibility.
In
addition, many preschools are integrating technology into their curriculum in a
controlled and age-appropriate manner. This could include interactive learning
apps, educational games, and digital tools to enhance learning experiences. Educational
apps and games are being used to reinforce concepts taught in the classroom.
These apps often combined learning with play, making learning more enjoyable
for children while also reinforcing important skills. With the help of
technology, preschools are able to take children on virtual field trips to
places they might not be able to visit physically. This allowed children to
explore different environments and cultures from the comfort of their classrooms.
Preschools are adopting online communication platforms to keep parents informed
about their child's progress, activities, and events. This improved
communication between teachers and parents, fostering a sense of involvement
and transparency.
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The
preschool market is segmented based on age group, location, and region.
Based
on age group, the market is segmented into less than 2 years, 2-5 years. Among
these, less than 2 years contributes for major significant share in the market.
As this is the typical age range when parents seek to enroll their children in
preschools to provide them with a strong foundation for formal education.
Key
market players operating in the India preschool market include:
• Zee
Learn Limited
• S.K.
Educations Pvt. Ltd.
• Shemrock
Group of Preschools
• Hello
Kids Education India Pvt. Ltd.
• SCG
International India Pvt Ltd.
• Educomp
Solutions Ltd
• Brainbees
Solutions Pvt. Ltd.
• EuroKids
International Pvt Ltd.
• Founding
Years Learning Solutions Pvt Ltd.
• Smartkidz
Educare India Pvt Ltd.
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“The
preschool market is witnessing substantial growth driven by changing parenting
trends acknowledge the importance of early socialization, peer pressure and
societal norms, rising working parents having busy schedules and commitments,
rising need for skill development from an early age Additionally, urbanization
and the prevalence of nuclear families in India have led to an increased demand
for preschools due to the need for early education, care, socialization, skill
development, and support for working parents. Preschools have become an
integral part of the urban lifestyle, offering solutions to the challenges
posed by modern urban living. These factors are driving the market for
preschool in India during the forecasted period.” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“India Preschool Market By Age Group (Less
Than 2 Years, 2-5 Years), By Location (Standalone, School Premises, Office Premises),
By Region, By Competition Forecast & Opportunities, 2018-2028F, has evaluated the future growth
potential of the preschool market globally and provides statistics and
information on market structure, size, share, and future growth. The report
provides cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the
market of preschool in India.
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