Global Early Childhood Education Market Share Is Expected To Grow At A CAGR Of 13.15% By 2030

24-Jan-2023 | Facts and Factors

According to Facts and Factors, the global early childhood education market size was worth around USD 247 billion in 2021 and is predicted to grow to around USD 487 billion by 2030 with a compound annual growth rate (CAGR) of roughly 13.15% between 2022 and 2030.

Global Early Childhood Education Market

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Early childhood is the period from the time a child is born until the age of 8 years. During these durations, a child is in the most vulnerable and impressionable phase of development since the child’s brain shows high sensitivity to its environment and surroundings. This period in unofficial terms is also called the period of remarkable growth and requires specialized training or educational programs that eventually contribute to shaping the child’s future.

Browse the full “Early Childhood Education Market Size, Share, Growth Analysis Report By Application (Below 3 Years, 3 to 5 Years, and 6 to 8 Years), By Type (Educational Institutes and Distance Learning), and By Region - Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030" report at https://www.fnfresearch.com/early-childhood-education-market

Early childhood education (ECE) is entirely focused on the overall well-being of the child and emphasizes critical developmental skills and milestones along with concepts that the child carries on for the rest of their life. It consists of imparting knowledge on social and emotional skills along with literacy, the beginning of numeracy, and critical thinking. The Organization for Economic Co-operation and Development considers high-quality early childhood care or education as an important indicator showcasing the future economic growth of the nation.

The global early childhood education market is projected to grow owing to the rising competition across the globe. Education holds the key to a bright future and early education is an important component. Parents or guardians are invested in providing their children access to the highest possible educational care right from a young age. This trend is partly driven by the increasing understanding of the role that education plays in the overall growth of the child.

Other factors like growing awareness amongst new parents about the benefits and importance of ECE further encouraged by growing disposable income as in most cases, both the partners are working have also led to global market growth in recent times. Early childhood care helps in reducing the gap between socially disadvantaged and advantaged children.

The global market growth may witness restrictions due to the lack of an effective curriculum. Not all regional curriculums may be created following a scientific approach. There is a significant absence of the right and efficient methodology related to early childhood care. In many remote areas, teachers or education providers do not possess the necessary skills to handle one of the most critical aspects of the education system in general which is early childhood care. Another major issue in the global market is the hesitancy amongst parents to send children to schools due to fear of safety and security due to growing school crime rates.

The growing number of players may provide growth opportunities while the remote working culture acts as a challenge

Global Early Childhood Education Market

Segmental Overview

The global early childhood education market is segmented based on application, type, and region

Based on application, the global market is segmented into below 3 years, 3 to 5 years, and 6 to 8 years. In 2021, the highest revenue-generating segment was the 6 to 8 years segment which dominated more than 42.59% of the global market share. Children falling in this age group are highly impressionable and are also capable of understanding new techniques for learning new subjects and lessons.

They can adapt to a new life far more quickly and with relatives as compared to younger children. Parents feel safer sending children between the age of 5 to 8 years to school since they can communicate well. Guardians or parents of children below 3 years may get reluctant in sending the children to school. 8% of the world’s children in the primary school age group do not go to school.

Based on type, the global market is divided into educational institutes and distance learning where the former led the global market growth in 2021 due to the high number of parents sending students to schools as the main goal of ECE is personality development which can be achieved more effectively in face-to-face and interactive learning sessions. Distance learning gained more popularity as a result of Covid-19 and will continue the growth rate if it can meet the efficiency of offline classes. In a 2020 report, more than 50% of parents preferred to send children to school instead of online classes.

Regional Overview

North America is projected to lead the global early childhood education market. More than 39.1% of the global market in 2021 was dominated by North America mainly due to the growing concern among parents related to access to early childhood education driven by rising awareness and the lack of time amongst working parents requiring them to undertake external help for the child’s education.

Growth in Asia-Pacific can be expected to be driven by the rising investments and players in the regional market as well as the growing number of non-profit organizations working toward creating an education system that is accessible to all. The regional market may also benefit from the rising use of technological systems and advanced teaching mechanisms in imparting knowledge which makes the entire process more student-friendly.

Report Scope

Report Attribute

Details

Market Size in 2021

USD 247 Billion

Projected Market Size in 2030

USD 487 Billion

CAGR Growth Rate

13.15% CAGR

Base Year

2021

Forecast Years

2022-2030

Key Market Players

New Oriental Education & Technology, Tadpoles, Blossom Educational, Kindertales, Ambow Education Holding, Scoyo., and others.

Key Segment

By Application, Type, and Region

Major Regions Covered

North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa

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Competitive Landscape

The global early childhood education market is led by players like New Oriental Education & Technology, Tadpoles, Blossom Educational, Kindertales, Ambow Education Holding, and Scoyo.

Recent Developments:

  • In November 2022, the Los Angeles Times announced the launch of an early childhood education program that is focused on exploring and managing critical issues that affect the young residents of California along with their parents, educators, and care providers. The program is a 2-year initiative and will launch in early 2023
  • In July 2022, the state government of Meghalaya, a city in India, announced an investment of INR 300 crore toward early childhood education programs in the state. The government has undertaken investments to encourage education architecture along with teacher training right from the grassroots level

The global early childhood education market is segmented as follows:

By Application

  • Below 3 Years
  • 3 to 5 Years
  • 6 to 8 Years

By Type

  • Educational Institutes
  • Distance Learning

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Nordic Countries
      • Denmark
      • Sweden
      • Norway
    • Benelux Union
      • Belgium
      • The Netherlands
      • Luxembourg
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Southeast Asia
      • Indonesia
      • Thailand
      • Malaysia
      • Singapore
      • Rest of Southeast Asia
    • Rest of Asia Pacific
  • The Middle East & Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of the Middle East & Africa
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America

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