India
Preschool and Daycare Services Market by
organized and unorganized, by regional analysis (Delhi NCR, Uttar Pradesh,
Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Madhya Pradesh and
Rajasthan), by number and revenue generated by preschools and daycare centers
(organized market and unorganized market), snapshot on corporate day care
market including government regulations, business models and company profiles
of major players including KLAY & The Little Company, Your Kids “R” Our
Kids, Little Big World, WeCare, IPSAA Daycare, Intellitots, Elly Child Care and
Amelio, Kidzee, Shanti Juniors, Hello Kids, Bachpan a Playschool, Shemrock, The
Treehouse, EuroKids, Little Millenium, SmartKidz, Podar Jumbo Kids, TIME Kids
and Apple Kids
•
Kidzee
has been the leading player in terms of number of centers and revenue generated
in CY’17. Bachpan, Euro Kids, Shemrock and The Treehouse collectively account
for majority share in terms of number of centers in India.
•
The
average revenue earned by organized players ranges from INR 34-INR 45 Lakhs per
center per annum for mediocre schools whereas it is INR 14- INR 20 Lakh for
unorganized market players. By CY’22 this is expected to rise with increase in
number of enrollments and expanding marketing channels.
The market has been anticipated to grow over
the coming period. This would be facilitated by increase in the number of
nuclear family structures/units, adaptation of child friendly curriculum based
on a blend of western and Indian values and growing penetration in Tier I and
Tier II cities. Rapidly rising brand consciousness in middle class would give
way for a relatively increased proportion of organised players
India’s baby population (0-6 years) has been
projected to grow rapidly. Furthermore, favorable government initiatives
towards increasing women participation in labour force will lead to rising
female working population. This will create significant demand for day care
centers. Moreover, penetration in Tier I and Tier II cities is expected to
enhance as these areas represent untapped potential. Tier II cities, in
particular will provide ample scope of opportunities for new entrants or
players who are looking to expand. Jaipur, Patna, Ahmedabad, Pune, Kochi,
Mysore, Madurai, and Vishakhapatnam will be the merging Tier II cities in the
future.
Shift away from memorizing concepts towards
logical and rational & lateral thinking would be the trend. Over the coming
years, more focus will be put on individual ability development and self
expression. Promotion of non-conventional subjects and activities for learning
such as music, dance, arts and drama will also be an upcoming trend. Trust of
parents in the sector will enhance further with faster real time checks
available for to keep an eye on the child from far
Off places. Live video feed, regular text
updates and emails, or multimedia-rich daily reports, parents can become more
engaged with their child’s care.
Analysts at Ken Research in their latest
publication “India
Preschool and Daycare Services Market Outlook to 2022 - by Market Structure
(Organized and Unorganized) and by Regions (Delhi NCR, Uttar Pradesh,
Maharashtra, Karnataka, Andhra Pradesh, Tamil Nadu, Madhya Pradesh, Rajasthan
and
Gujarat)” have analyzed the market to grow
registering a CAGR of 28.8% in the forecast period. Increase in government
regulations in the industry, introduction of new parent-child engagement
activities, better execution of exhaustive curriculum, higher market
penetration by leading players in Tier II and III cities, more focus on teacher
training and retention programs and venturing new marketing channels would
surge future market growth.
For more
information on the research report, refer to below link:
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Contact Us:
Ken Research
Ankur Gupta, Head Marketing &
Communications
+91-9015378249
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