A SUNRISE SECTOR: CHILD SKILL ENHANCEMENT (CSE)
In the past few years Indian education sector has gained significant attention from policymakers, investors, entrepreneurs and media. The last couple of years have witnessed an increasing demand for diverse education formats.
India’s education sector presents an investment potential of US$ 100 billion over next 5 years- Intense peer competition is creating strong demand for supplementary learning & skill enhancement programs in K12 segment, especially among affluent urban sections
- Includes courses like speed reading, memory training, applied science, mental maths, IT skills, etc.
- From a market size of US$ 777 Mn in 2008, is expected to reach 2,331 Mn by 2012, at CAGR of 30%
- Enrollment volume is projected to grow at rate of 25% per year
PRE SCHOOL SEGMENT IN INDIA: GROWING ON A FAST-TRACK
With a rapidly increasing population, younger demographics, fast paced life and subsequent peer competition, parents want to equip their children with vital skills and learning across multiple levels, especially at an early age. Hence these rapidly evolving dynamics are fuelling the demand for novel programs and quality branded preschools.
- Indian market for pre-school was pegged at USD 410 Million in 2009; projected to become a USD 1 Billion market by 2012, at a CAGR of 36%
- Organized segment is growing faster than the whole sector (50% vs. 36% CAGR)
- Indian Preschool segment is slowly moving towards organized domain, as large players expand aggressively through franchising; currently 11 major chains & 10 smaller players are active in India
