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Early Childhood Care and Education Market in India 2022

Early Childhood Care and Education Market in India 2022
  • Publish Date:January 2022

  • Number of Pages:61

  • Report ID:6009202

  • Format:PDF

  • Publisher:Netscribes (India) Pvt. Ltd.

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Summary

Early childhood care and education (ECCE) aims to holistically meet a child’s social, emotional, cognitive, and physical requirements to provide a strong and comprehensive foundation for lifelong learning and well-being. Pre-schools and day-care services offer various programs such as childcare, nursery, playgroup, kindergarten (LKG/UKG) for children in the age-group of four months to six years.

Market insights:
The number of pre-schools and childcare centers has increased significantly with the growth of tier II and tier III cities and the rise in the number of franchisees in untapped areas. In FY 2021, the ECCE market was valued at INR 267.89 Bn. It is expected to reach INR 1,155.95 Bn by FY 2027, expanding at a compound annual growth rate (CAGR) of ~27.60% during the FY 2022 – FY 2027 period. It accounted for about 1.71% of the education market in FY 2021.

Impact of COVID-19:
Pre-school teachers have devised e-learning groups, live interactions, several life skills, and experiential learning to teach remotely. Parents are co
ncerned about their children missing learning opportunities and they believe that it is crucial to keep continuing a child’s education during this pandemic. Most parents enrolled their children in some form of online learning or homeschooling.

Government initiatives:

The Ministry of Education introduced the National Education Policy (NEP) in 2020, under which schooling begins with ECCE at the age of three. The NEP 2020 recommends four models for implementing high-quality ECCE: Anganwadi centers in communities, Anganwadi centers on school grounds, pre-primary sections in schools, and standalone pre-schools. The Cabinet Committee has also approved the extension of the revised Samagra Shiksha Scheme from 2021 to 2026.

Market influencers:

Market drivers:
The demand for pre-schools and childcare centers has increased as parents have become aware of the importance of early childhood care and education. A rise in disposable income has resulted in quality education programs, and the development of advanced and innovative infrastructure for pre-schools. In the wake of the pandemic, pre-schools and childcare centers adopted the latest technology to ensure the continuity of children’s education.

Key deterrents to the growth of the market:
However, most of the teaching, at all levels, is of poor quality, with children expected to learn by rote and pass exams mechanically. Parents, especially in rural areas, are still unaware of the benefits of early education and childcare services investments for their children’s future. Another major challenge for pre-schools and childcare centers is the lack of development of a practical and interactive set of activities and curricula.

Table of contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure
3.2. Objective of early childhood care and education

Chapter 4: Market overview
4.1. Early childhood care and education market size and growth forecast (FY 2019 - FY 2027e)
4.1.1. Existing market scenario

Chapter 5: Market segmentation
5.1. Early childhood care and education market segmentation
5.1.1. Based on age-group
5.1.2. Based on ownership

Chapter 6: Impact of COVID-19
6.1. Effect of COVID-19 on the overall market
Chapter 7: Government initiatives
7.1. Government initiatives

Chapter 8: Market influencers
8.1. Market drivers
8.2. Market challenges

Chapter 9: Market trends
9.1. Market trends
Chapter 10: Competitive landscape
10.1. Tree House Education & Accessories Ltd.
- Company information
- Business description
- Products/Services
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographic segments
Note: Financial information covered only for public companies.
10.2. Zee Learn Limited (Kidzee)
10.3. EuroKids International Pvt Ltd
10.4. Hello Kids Education India Private Limited
10.5. Kangaroo Kids Education Ltd.
10.6. Little Millennium Education Pvt. Ltd.
10.7. Podar Education Systems Pvt. Ltd. (Podar Jumbo kids)
10.8. Shemrock
10.9. S.K. Educations Pvt. Ltd. (Bachpan)
10.10. T.I.M.E. Kids

Chapter 11: Recent developments

11.1. Recent developments

Chapter 12: Appendix

12.1. Research methodology
12.2. About Netscribes
12.3. Disclaimer

Companies Mentioned
•Tree House Education & Accessories Ltd.
•Zee Learn Limited (Kidzee)
•EuroKids International Pvt Ltd
•Hello Kids Education India Private Limited
•Kangaroo Kids Education Ltd.
•Little Millennium Education Pvt. Ltd.
•Podar Education Systems Pvt. Ltd. (Podar Jumbo kids)
•Shemrock
•S.K. Educations Pvt. Ltd. (Bachpan)
•T.I.M.E. Kids

Methodology

Our market research methodology is designed to provide the clients with comprehensive and accurate information on various industries and markets. It includes data collection, primary interviews, macro-economic factor analysis, country-level data analysis etc.

The data is gathered from a wide range of sources, including industry reports, government statistics, and company financials. This data is then analyzed and cross-referenced to ensure its accuracy and reliability. Next, primary interviews are conducted with industry experts and key stakeholders to gather their insights and perspectives on the market. This information is then combined with the data collected to provide a complete picture of the market. Macro-economic factor analysis is also carried out to understand the impact of external factors on the market. Finally, country-level data analysis is performed to understand the market dynamics in specific regions and countries.

Reportlinker's market research methodology is designed to provide clients with a clear understanding of the market, its trends, and its future potential.