Preschools in China - Industry Market Research Report

China's preschool industry developed rapidly prior to 2019, largely thanks to increased government investment and the growing number of preschool-aged children. From 2019 to 2021, most preschools had to be closed temporarily due to the COVID-19 pandemic outbreak and companies' revenue growth slowed down over this period. With an overall increasing number of preschoolers - which reached a record high in 2020 - and consistently growing state input in preschool education, industry revenue kept increasing up to 2021. With continual birth rate decreases, the number of preschoolers are expected to drop in the coming years. Industry revenue is expected to decrease 1.0% in 2023, representing a CAGR of 1.4% in the five years to 2023, totaling $92.4 billion. Industry profit margins decreased to 8.5% in 202, affected by higher purchasing costs and wages. Preschools in China follow the national preschool education regulations, and provide childcare and education to children aged between three and six years old. Both kindergarten and preschool education services are included in the industry. In China, kindergartens are for young toddlers, and comprise an educational approach based on practical activities to help children transition from home to school. Preschools help children adapt to formal schooling. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.