Billion-Dollar Preschool Or Childcare Market In China Growth Analysis through 2023-2027
Preschool or Childcare Market in China is a billion-dollar sector in making with a forecasted revenue growth of USD 7.74 Bn. It is estimated the market will exhibit growth at a CAGR of 11.22% between 2022 and 2027 largely due to factors like rising demand for sustained enrollment driving the growth of the China preschool or childcare market, as these schools have accreditations that are recognized around the world.
Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers that are likely to impact the market in focus.
Market Analysis of the Preschool or Childcare Market in China
Preschool Or Childcare Market In China Segmentation Analysis
The Market can be categorized 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).
As per Service, the full-time preschool or childcare segment will witness significant growth during the forecast period as it has been observed this education has been observed to have a more lasting effect on children than hourly programs.
As per Technavio’s analyst “Parents in China lay significant emphasis on the overall curriculum development of children to prepare them for international standards of education.”
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Preschool Or Childcare Market In China: Market Players
Some of the prominent names worth mentioning are 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, Yew Chung International School of Shanghai, etc.
Schools like 3e International School offer child-initiated dual language activities for children. Also, it offers preschool activities for children and child-teacher interactions. Technavio's report includes qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem.
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