Preschools are a great opportunity for little ones to build their future. Yes, you heard it right. Early education plays a very important role in later development of children. As childhood is the first stage of learning, it is important that toddlers grow as creative individuals during this stage. Playschools do play a vital role in ensuring holistic developments.
It is observed that parents tend to underestimate the power of kids experimenting with play and learning methods. Preschools are not meant for strict education and learning rather it is a place where little ones attract to what they find appealing. They are free to choose whatever they wish to do. Learning while playing is the motto behind Play schools.
India’s preschooling Industry is expected to grow at a CAGR of more than 23% during 2017-2022. Refer https://www.businesswire.com/news/home/20180116006184/en/India-PreschoolChild-Care-Market-Analysis-2012-2017-Forecasts.
Increasing number of nuclear families is one of the major reasons why parents tend to get their kids enrolled in kindergarten and preschools. Growing urbanization has left parents with no choice. They are too busy in earning money that they fail to give attention to their kids at home.
Preschools are thus a place for toddlers where they feel at home. When selecting a playschool parent should focus on helping their child to be more comfortable and secure.
As per the research, some of the major players operating in the market are Kidzee, Shemrock, Little Millenium, T.I.M.E Kids preschool, Kangaroo Kids and many more. https://www.businesswire.com/news/home/20180116006184/en/India-PreschoolChild-Care-Market-Analysis-2012-2017-Forecasts.
The Present Scenario of Early Education
According to the research, the preschool industry is increasing rapidly over years due to the urbanization. About 10 million kids participate in such playschool programmes offered by private organizations. http://digitallearning.eletsonline.com/2016/12/preschool-building-big-future-of-little-ones/
In a cosmopolitan world of the dual working culture, there is a growing need for parents to find a preschool which offers loyalty to their services.
The preschool segment is 1.6% of the total system of the education industry and is expected to grow by over 2% by 2020.
Low setting up costs, Low-interest rates and more expanding opportunities are some of the major ingredients for such a boom to preschool industry.
The Road Ahead
Preschool industry is one of the recession-proof industries and is expected to expand more over years. In addition to this, this particular industry is the 3rd largest expenditure group in the Indian households. Early education makes itself an integral part of a child’s life because it tends to have a great impact on their future.
Preschooling has emerged as one of the most profitable segments of the education industry in India. According to reports, this segment is expected to augment an annual growth of 21.84% during 2016-2020.
Parents today are very well-educated and hence they would look out for schools which can help inculcate global standards and methodologies in the learning segment. Preschool education has managed to prosper its place in India over the past few years due to affordability among parents and their busy lifestyles.
Thus, its time for upcoming business entrepreneurs to invest their handful amount of money in a business which would surely get them high returns.
The market size of the preschool industry is huge and thus inculcates in itself bagful opportunities for the franchise business.