Global Early Childhood Education Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Early Childhood Education Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Early childhood education is a broad term used to describe any type of educational program that provides services to preschool children before they enter kindergarten. Early childhood education can include any number of activities and experiences designed to help preschool children gain cognitive and social development before primary school.

Market Overview:

The latest research study on the global Early Childhood Education market finds that the global Early Childhood Education market reached a value of USD 452837.43 million in 2022. It’s expected that the market will achieve USD 701599.57 million by 2028, exhibiting a CAGR of 7.57% during the forecast period.

Impact on operation

Due to the global pandemic of COVID-19, in order to stop the spread of the epidemic, the governments of many countries have issued the Stay at home order. Early childhood education institutions, kindergartens, preschools, etc. have also been closed for a period of time. Parents who worry about their children being infected with the virus even stop their children from going to kindergartens or other institutions. The operation and demand of private and public kindergartens has been greatly affected.

SME

The epidemic will have an impact on the cash flow of small and medium-sized Early childhood education institutions in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized early childhood education institutions in the market will shrink and the share of Large-scale early childhood education institutions will increase.

Strength

India and China, two populous countries combined, have more than 200 million children under the age of five. With the increase in population, especially China's second child policy, the number of newborn babies has increased, and the early education market has ushered in a golden period of development. In addition, the increase in per capita income also makes parents more willing to invest more in their children's early education.

Many countries in the world have incorporated early childhood education into the entire national education system as the starting point of lifelong education for their citizens. With the growth of the world economy and the steady increase of government investment in education as a proportion of the country's overall GDP, government funding support for early childhood education has also increased significantly. In Sweden, the government's investment in early childhood education has accounted for 2/3 of the total funding for basic education, and the status of early childhood education is evident.

Early childhood education projects are rich in diversity. Early childhood education pays more and more attention to the individualized and comprehensive development of children.

Weakness

The quality of teachers in the preschool education industry and the quality of education need to be improved.

The overall supply of high-quality and low-cost early childhood education is in short supply, and public kindergartens are insufficient.

Region Overview:

From 2022-2027, Asia-Pacific is estimated to witness robust growth prospects.

Company Overview:

RYB Education Institution, Crestar Education Group, Noah Education Holdings Ltd., Etonkids Educational Group and Beanstalk International Bilingual School are the five key players in the global Early Childhood Education market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Early Childhood Education market in the past 5 years.

RYB Education Institution

Founded on the core values of Care and Responsibility, RYB Education, Inc. (RYB) is a pioneer in the early childhood education market in China. Since opening its first play-and-learn center in 1998, the company has grown and flourished with the mission to provide individualized and age-appropriate education to stimulate and nurture children so they can realize their full potential.

RYB's education philosophy emphasizes the integration of classroom teaching, at-home education and social interaction, and focuses on building a solid foundation for children's continued growth. RYB's comprehensive early childhood education solutions meet the needs of children from infancy to 6 years old through structured kindergartens and play-and-learn centers, as well as at-home educational products and services.

Crestar Education Group

Established in 1977, Crestar Education Group (CEG) is a leading provider of infant and child care services, preschool education, enrichment and adult education programmes in the region. Its Early Childhood Education & Care Services are offered through 4 brands: Kinderland, ELFA, NurtureStars and Skool4kidz, with the former two enjoying strong regional presence.

Segmentation Overview:

As for product types, the Full-time preschools segment held the largest market share in 2021.

Full-time preschools

Full-time preschools refer to a form of studying in preschool all day, or engaged in most of the time.

On-demand preschools

The main feature of On-demand preschools is that you can decide whether you go or not according to personal needs. On-demand preschools here also includes online preschool education.

Application Overview:

The market's largest segment by application is the segment Children aged between 3 and 6 years, with a market share of 66.04% in 2021.

Key Companies in the global Early Childhood Education market covered in Chapter 3:

Crestar Education Group
The International Montessori School of Hong Kong
Beanstalk International Bilingual School
Golden Apple Education Group
Shanghai American School
Etonkids Educational Group
Rainbow Bridge International School
Canadian International School of Beijing
Noah Education Holdings Ltd.
RYB Education Institution
Little Tree Montessori International School
Yew Chung International School of Shanghai
Montessori School of Shanghai

In Chapter 4 and Chapter 14.2, on the basis of types, the Early Childhood Education market from 2018 to 2029 is primarily split into:

Full-time Preschools
On-demand Preschools

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Early Childhood Education market from 2018 to 2029 covers:

Children Aged below 3 Years
Children Aged between 3 and 6 Years

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)