Noida, UP -- (SBWire) -- 05/09/2011 --According to our research report “Indian Preschool Market Forecast”, Indian preschool market has been witnessing rapid growth for the past few years on the back of rise in disposable income, rising number of working mothers, increasing trend of nuclear families, and escalating demand for high quality preschool education for toddler. However, low market penetration and low barriers to entry along with the increasing awareness, popularity, and propensity of young working professionals to pay, are some of the drivers, which suggest that the market offers considerable opportunity for investors. Moreover, it is expected that, the preschool market will reach to US$ 1,833 Million by 2014, growing at a CAGR of around 13% during 2011-2014.
Ongoing research found that, the preschool, as an institution, provides stimulation for the child's physical, intellectual, social, and emotional development, in ways that one could not get in the home environment. This sector has shown tremendous growth during the past few years and is familiar not only with the high-end income groups or the affluent class, but is also rapidly gaining popularity among the middle class households, which have the capability and willingness to pay for quality education.
Our report identifies that, although the demand for preschools is higher in metros, they are steadily making inroads in tier 2 and tier 3 cities of the country. Anticipating the true potential, the expected future growth rate will be highly dependent on the net increase in the income of Indian households coupled with their aspiration to get their children educated at one or the other kind of preschools at the very initial stage of their learning.
“Indian Preschool Market Forecast” also provides information of the key competitors in the market along with their business information and areas of expertise. The report shows a highly concentrated structure of the market, with the top players dominating the market. We have also tried to provide reason-based analysis of the prospective market projection for the number of schools and location that will be critical to successfully meet the soaring demand for preschool education among Indian consumers. In this way, the report presents a complete and coherent analysis of the Indian preschool market, which will prove influential for clients. Detail data and analysis will help investors to navigate through the latest trends in the preschool segment.
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Preschool Market in India to grow at 13% CAGR
Increasing demand for high quality education will drive the preschool market to grow at a CAGR of nearly 13% during 2011-2014, RNCOS identified.