NEW YORK, April 26, 2023 /PRNewswire/ -- The preschool or childcare market in China is set to grow by USD 7,738.18 million from 2022 to 2027, progressing at a CAGR of 11.22% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the rising demand for sustained enrollment. The Chinese government does not facilitate subsidized education in preschools or kindergartens. However, there has been a rise in demand for preschool education in the country. The increase in disposable income has created a demand for preschool services in China. This has encouraged many local and international players to invest in this market and tap the growth potential. Vendors are opening new branches to capture market share and remain competitive in the market. All these factors drive the growth of the preschool or childcare market in China. Get a comprehensive report summary describing the market size and forecast along with research methodology. Download Sample Report in minutes!
Preschool Or Childcare Market in China 2023-2027 - Market Dynamics
- Key Trend – The growing number of dual-income households is identified as the key trend in the market. China has witnessed a considerable increase in the number of working women in recent years. According to the World Bank Group, in 2020, women constituted almost 43.71% of the labor force in China. Women in the country are moving from tier-2 cities to tier-1 cities seeking better opportunities. The rise in the number of working women has increased the number of dual-income households. This is increasing the spending capacity of people, which has enhanced the number of student enrollments. In addition, parents in China are becoming increasingly aware of the benefits of sending children to preschools for learning activities. These factors are positively influencing the growth of the market.
- Major Challenge – The increased cost of raising children will challenge the growth of the market. The cost of raising a child in China is significantly higher than in the US and Japan. The high expense of child-raising has drastically reduced birth rates in the country. The increase in education fees discourages many parents to enroll their children in preschools or childcare centers. Such factors are negatively affecting the growth of the market in focus.
Preschool or Childcare Market in China 2023-2027: Market Segmentation
The preschool or childcare market in China is segmented by service (full-time preschool or childcare and on-demand preschool or childcare), age group (children aged below 3 years, children aged between 3 and 6 years), and ownership (public preschool or childcare and private preschool or childcare).
The market growth in the full-time preschool or childcare segment will be significant during the forecast period. Many parents in China are becoming aware of the importance of full-time preschools, as they help in shaping up personalities of their children better than on-demand preschools. In addition, various vendors in the preschool or childcare market in China offer services with several facilities that focus on learning as well as the overall personality development of children. These factors drive the growth of the segment.
The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market - View a Sample Report
The preschool or childcare market in China covers the following areas:
- Preschool or Childcare Market Sizing in China
- Preschool or Childcare Market Forecast in China
- Preschool or Childcare Market Analysis in China
Companies Mentioned
- 3e International School - The company offers child-initiated dual language activities for children.
- Beanstalk Education Group - The company offers solutions for preschool or childcare, providing young learners with a well-rounded international education that integrates Chinese and Western educational philosophies, cultural elements, and best practices.
- Canadian International School of Beijing - The company offers preschool experimental activities, food offerings, libraries, online resources, and smart card entries.
- Crestar Education Group - The company offers solutions for preschool or childcare, which include dance, speech and drama, language, music, art, abacus, math, and Chinese language tuition.
- Etonkids International Educational Group
- Fortune Kindergarten
- Golden Apple Education Investment Group Co. Ltd
- Ivy Education Group
- Montessori School of Shanghai
- Muffys International Kindergarten
- Noah Education Holdings Ltd.
- RYB Education Inc.
- Shanghai American School
- Soong Ching Ling School
- The International Montessori School
- Yew Chung International School of Shanghai
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Preschool or Childcare Market in China Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.22% |
Market growth 2023-2027 |
USD 7,738.18 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
10.06 |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3e International School, Beanstalk Education Group, Canadian International School of Beijing, Crestar Education Group, Etonkids International Educational Group, Fortune Kindergarten, Golden Apple Education Investment Group Co. Ltd, Ivy Education Group, Montessori School of Shanghai, Muffys International Kindergarten, Noah Education Holdings Ltd., RYB Education Inc., Shanghai American School, Soong Ching Ling School, The International Montessori School, and Yew Chung International School of Shanghai |
Market dynamics |
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Key Topics Covered:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Age Group
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Ownership
- Exhibit 07: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 08: Parent market
- Exhibit 09: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 10: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 11: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 12: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 13: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 14: Chart on China: Year-over-year growth 2022-2027 (%)
- Exhibit 15: Data Table on China: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Preschool or childcare market in China 2017 - 2021
- Exhibit 16: Historic Market Size – Data Table on Preschool or childcare market in China 2017 - 2021 ($ million)
- 4.2 Service Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – Service Segment 2017 - 2021 ($ million)
- 4.3 Age group Segment Analysis 2017 - 2021
- Exhibit 18: Historic Market Size – Age group Segment 2017 - 2021 ($ million)
- 4.4 Ownership Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Ownership Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 20: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 21: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 22: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 23: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 24: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 25: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 26: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Service
- 6.1 Market segments
- Exhibit 27: Chart on Service - Market share 2022-2027 (%)
- Exhibit 28: Data Table on Service - Market share 2022-2027 (%)
- 6.2 Comparison by Service
- Exhibit 29: Chart on Comparison by Service
- Exhibit 30: Data Table on Comparison by Service
- 6.3 Full-time preschool or childcare - Market size and forecast 2022-2027
- Exhibit 31: Chart on Full-time preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 32: Data Table on Full-time preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 33: Chart on Full-time preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 34: Data Table on Full-time preschool or childcare - Year-over-year growth 2022-2027 (%)
- 6.4 On-demand preschool or childcare - Market size and forecast 2022-2027
- Exhibit 35: Chart on On-demand preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Data Table on On-demand preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 37: Chart on On-demand preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 38: Data Table on On-demand preschool or childcare - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Service
- Exhibit 39: Market opportunity by Service ($ million)
- Exhibit 40: Data Table on Market opportunity by Service ($ million)
7 Market Segmentation by Age Group
- 7.1 Market segments
- Exhibit 41: Chart on Age Group - Market share 2022-2027 (%)
- Exhibit 42: Data Table on Age Group - Market share 2022-2027 (%)
- 7.2 Comparison by Age Group
- Exhibit 43: Chart on Comparison by Age Group
- Exhibit 44: Data Table on Comparison by Age Group
- 7.3 Children aged below 3 years - Market size and forecast 2022-2027
- Exhibit 45: Chart on Children aged below 3 years - Market size and forecast 2022-2027 ($ million)
- Exhibit 46: Data Table on Children aged below 3 years - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Chart on Children aged below 3 years - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Children aged below 3 years - Year-over-year growth 2022-2027 (%)
- 7.4 Children aged between 3 and 6 years - Market size and forecast 2022-2027
- Exhibit 49: Chart on Children aged between 3 and 6 years - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Data Table on Children aged between 3 and 6 years - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Chart on Children aged between 3 and 6 years - Year-over-year growth 2022-2027 (%)
- Exhibit 52: Data Table on Children aged between 3 and 6 years - Year-over-year growth 2022-2027 (%)
- 7.5 Market opportunity by Age Group
- Exhibit 53: Market opportunity by Age Group ($ million)
- Exhibit 54: Data Table on Market opportunity by Age Group ($ million)
8 Market Segmentation by Ownership
- 8.1 Market segments
- Exhibit 55: Chart on Ownership - Market share 2022-2027 (%)
- Exhibit 56: Data Table on Ownership - Market share 2022-2027 (%)
- 8.2 Comparison by Ownership
- Exhibit 57: Chart on Comparison by Ownership
- Exhibit 58: Data Table on Comparison by Ownership
- 8.3 Public preschool or childcare - Market size and forecast 2022-2027
- Exhibit 59: Chart on Public preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Public preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Public preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Public preschool or childcare - Year-over-year growth 2022-2027 (%)
- 8.4 Private preschool or childcare - Market size and forecast 2022-2027
- Exhibit 63: Chart on Private preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Private preschool or childcare - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Private preschool or childcare - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Private preschool or childcare - Year-over-year growth 2022-2027 (%)
- 8.5 Market opportunity by Ownership
- Exhibit 67: Market opportunity by Ownership ($ million)
- Exhibit 68: Data Table on Market opportunity by Ownership ($ million)
9 Customer Landscape
- 9.1 Customer landscape overview
- Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 70: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 71: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 72: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 73: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 74: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 75: Matrix on vendor position and classification
- 12.3 3e International School
- Exhibit 76: 3e International School - Overview
- Exhibit 77: 3e International School - Product / Service
- Exhibit 78: 3e International School - Key offerings
- 12.4 Beanstalk Education Group
- Exhibit 79: Beanstalk Education Group - Overview
- Exhibit 80: Beanstalk Education Group - Product / Service
- Exhibit 81: Beanstalk Education Group - Key offerings
- 12.5 Canadian International School of Beijing
- Exhibit 82: Canadian International School of Beijing - Overview
- Exhibit 83: Canadian International School of Beijing - Product / Service
- Exhibit 84: Canadian International School of Beijing - Key offerings
- 12.6 Crestar Education Group
- Exhibit 85: Crestar Education Group - Overview
- Exhibit 86: Crestar Education Group - Product / Service
- Exhibit 87: Crestar Education Group - Key offerings
- 12.7 Etonkids International Educational Group
- Exhibit 88: Etonkids International Educational Group - Overview
- Exhibit 89: Etonkids International Educational Group - Product / Service
- Exhibit 90: Etonkids International Educational Group - Key offerings
- 12.8 Fortune Kindergarten
- Exhibit 91: Fortune Kindergarten - Overview
- Exhibit 92: Fortune Kindergarten - Product / Service
- Exhibit 93: Fortune Kindergarten - Key offerings
- 12.9 Golden Apple Education Investment Group Co. Ltd
- Exhibit 94: Golden Apple Education Investment Group Co. Ltd - Overview
- Exhibit 95: Golden Apple Education Investment Group Co. Ltd - Product / Service
- Exhibit 96: Golden Apple Education Investment Group Co. Ltd - Key offerings
- 12.10 Ivy Education Group
- Exhibit 97: Ivy Education Group - Overview
- Exhibit 98: Ivy Education Group - Product / Service
- Exhibit 99: Ivy Education Group - Key offerings
- 12.11 Montessori School of Shanghai
- Exhibit 100: Montessori School of Shanghai - Overview
- Exhibit 101: Montessori School of Shanghai - Product / Service
- Exhibit 102: Montessori School of Shanghai - Key offerings
- 12.12 Muffys International Kindergarten
- Exhibit 103: Muffys International Kindergarten - Overview
- Exhibit 104: Muffys International Kindergarten - Product / Service
- Exhibit 105: Muffys International Kindergarten - Key offerings
- 12.13 Noah Education Holdings Ltd.
- Exhibit 106: Noah Education Holdings Ltd. - Overview
- Exhibit 107: Noah Education Holdings Ltd. - Product / Service
- Exhibit 108: Noah Education Holdings Ltd. - Key offerings
- 12.14 RYB Education Inc.
- Exhibit 109: RYB Education Inc. - Overview
- Exhibit 110: RYB Education Inc. - Business segments
- Exhibit 111: RYB Education Inc. - Key offerings
- Exhibit 112: RYB Education Inc. - Segment focus
- 12.15 Shanghai American School
- Exhibit 113: Shanghai American School - Overview
- Exhibit 114: Shanghai American School - Product / Service
- Exhibit 115: Shanghai American School - Key offerings
- 12.16 The International Montessori School
- Exhibit 116: The International Montessori School - Overview
- Exhibit 117: The International Montessori School - Product / Service
- Exhibit 118: The International Montessori School - Key offerings
- 12.17 Yew Chung International School of Shanghai
- Exhibit 119: Yew Chung International School of Shanghai - Overview
- Exhibit 120: Yew Chung International School of Shanghai - Product / Service
- Exhibit 121: Yew Chung International School of Shanghai - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 122: Inclusions checklist
- Exhibit 123: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 124: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 125: Research methodology
- Exhibit 126: Validation techniques employed for market sizing
- Exhibit 127: Information sources
- 13.5 List of abbreviations
- Exhibit 128: List of abbreviations
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