Preschool or Childcare Market Size in China to Grow by $ 60.91 Billion During 2020-2024 | Rising Infant Population to Boost Growth | Technavio

04-Dec-2020 Intellasia | BusinessWire | 7:45 AM Print This Post

LONDON--(BUSINESS WIRE)--#PreschoolorChildcareMarketinChina--Technavio has been monitoring the preschool or childcare market and it is poised to grow by USD 60.91 billion during 2020-2024, progressing at a CAGR of over 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the preschool or childcare market. The market growth in 2020 is likely to increase compared to the market growth in 2019.

Frequently Asked Questions:

  • Based on segmentation by service, which is the leading segment in the market?
    The full-time preschool segment led the market in 2019.
  • What are the major trends in the market?
    The rising demand for sustained enrollment is the major trend in the market.
  • At what rate is the market projected to grow?
    The market is projected to grow at a CAGR of over 11% during the forecast period.
  • Who are the top players in the market?
    Beanstalk Education Group, Crestar Education Group, Etonkids International Educational Group, Fortune Kindergarten, Golden Apple Education Investment (Group) Co. Ltd., Little Tree Montessori International School Inc., Montessori School of Shanghai, Shanghai American School, The International Montessori School, and Yew Chung International School of Shanghai are the top players in the market.
  • What are the key market drivers and challenges?
    The market is driven by the rising infant population. However, the lack of awareness about the benefits of early childhood education in rural areas will challenge growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Beanstalk Education Group, Crestar Education Group, Etonkids International Educational Group, Fortune Kindergarten, Golden Apple Education Investment (Group) Co. Ltd., Little Tree Montessori International School Inc., Montessori School of Shanghai, Shanghai American School, The International Montessori School, and Yew Chung International School of Shanghai are some of the major market participants. Although the rising infant population will offer immense growth opportunities, the lack of awareness about the benefits of early childhood education in rural areas is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this preschool or childcare market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Preschool or Childcare Market 2020-2024: Segmentation

Preschool or Childcare Market is segmented as below:

  • Service
    • Full-time Preschool Or Childcare
    • On-demand Preschool Or Childcare
  • Age Group
    • Children Aged Below 3 Years
    • Children Aged Between 3 And 6 Years
  • Ownership
    • Private Preschool Or Childcare
    • Public Preschool Or Childcare

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Preschool or Childcare Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The preschool or childcare market report covers the following areas:

  • Preschool or Childcare Market Size
  • Preschool or Childcare Market Trends
  • Preschool or Childcare Market Industry Analysis

This study identifies rising demand for sustained enrollment as one of the prime reasons driving the Preschool or Childcare Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Preschool or Childcare Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist preschool or childcare market growth during the next five years
  • Estimation of the preschool or childcare market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the preschool or childcare market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of preschool or childcare market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Service

  • Market segments
  • Comparison by Service
  • Full-time preschool or childcare - Market size and forecast 2019-2024
  • On-demand preschool or childcare - Market size and forecast 2019-2024
  • Impact of COVID-19 pandemic on the market
  • Market opportunity by Service

Market Segmentation by Age group

  • Market segments
  • Comparison by Age group
  • Children aged below 3 years - Market size and forecast 2019-2024
  • Children aged between 3 and 6 years - Market size and forecast 2019-2024
  • Market opportunity by Age group

Market Segmentation by Ownership

  • Market segments
  • Comparison by Ownership
  • Private preschool or childcare - Market size and forecast 2019-2024
  • Public preschool or childcare - Market size and forecast 2019-2024
  • Market opportunity by Ownership

Customer landscape

  • Overview
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Beanstalk Education Group
  • Crestar Education Group
  • Etonkids International Educational Group
  • Fortune Kindergarten
  • Golden Apple Education Investment (Group) Co. Ltd.
  • Little Tree Montessori International School Inc.
  • Montessori School of Shanghai
  • Shanghai American School
  • The International Montessori School
  • Yew Chung International School of Shanghai

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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