Forecast of the market of additional children's education in India
The relevance of research
Additional education is designed to solve the most important social problem associated with the development of those abilities and inclinations that will provide children with self-development in life.
Purpose of the study
Analysis of the state of the market of additional children's education in India, assessment of the market size, analysis of competitors, as well as identification of factors influencing the market of additional children's education
Education
Content
Chapter 1. Key components of the market of additional children's education
1.1. Market size
1.2. Growth rates of the market of additional children's education
1.3. Trends in the market of additional children's education
1.4. The main problems of the industry
1.5. Stage of the life cycle of the market of additional children's education
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. Analysis of sectoral indicators of financial and economic activity
1.9. Price analysis
Chapter 2
2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the market of additional children's education
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Compact location of industry companies in certain regions
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market of additional children's education
4.4. Prospects and growth drivers of the additional children's education market
4.5. Forecast for the development of the market for additional children's education in the context of the current economic crisis due to covid-19
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting
Research excerpt
Chapter 1. Key components of the market of additional children's education
1.1. Market size
In 2020, the market volume of additional children's education …% to … billion Rs. During quarantine due to coronavirus, most institutions of additional education were forced to …
In March 2020, ...
The disruption of systemic activity affected not only the implementation of programs, but also the social …
At the same time, in 2020, there is an increase in additional …
...
1.2. Growth rates of the market of additional children's education
For 2016–2020 volume of additional children's education market in India …%: from … to … bln Rs.
Market growth was driven by...
According to …, the size of the market of supplementary education for children is influenced by the structure of … and the share of their services in … The structure is dominated by … (…%), while schools provide …% of services of supplementary education for children; in … only … % of additional educational services are provided, despite the fact that the share of such institutions is …% of the number of institutions; share of organizations ...
Diagram 2. Structure of the network of organizations implementing additional education programs and their contingent by types of organizations, %
The situation is exactly opposite for … organizations: such organizations in the total amount to …, while the volume of services rendered occupies the most …%. Thus, organizations of additional education for children provide ...
1.3. Trends in the market of additional children's education
Among the trends in the market of additional children's education, it should be noted:
Development …;
...;
Blended learning is becoming…;
Active inclusion in the process ...;
...
1.4. The main problems of the industry
The main issues in the industry include:
Need …;
The objective necessity of horizontal ...;
The need for a broad list…;
...
1.5. Stage of the life cycle of the market of additional children's education
The market of additional children's education has been in the stage of …
...
The level of competition in the market has become...
1.6. Estimation of the number of buyers and their financial capabilities
During 2012–2017 India's population showed ... However, in 2018, the vector …
The current demographic situation in India is characterized by … which is accelerating and migratory ...
The resident population of India as of January 1, 2021, as of …, amounted to … million people, which is … thousand people less than as of January 1, 2020. A larger reduction was observed in India following the results of …
Diagram 4. Population dynamics in India, as of 01 Jan. 2012–2021, million people
Overall, according to the cabinet's estimate, India's population will decline over the course of …
Rosstat predicts that the birth rate (number of children per woman) … up to … by 2025
Earlier, Rosstat published a demographic forecast until 2036. The most optimistic scenario assumes …
...
At the same time, the dynamics of real incomes of the population during 2014-2017. population is negative, so in 2014 real incomes decreased by …% compared to 2013, in 2015 – by …% compared to 2014, in 2016 – the situation is …
According to Rosstat, the real disposable money income of Indians in 2020 decreased by …% compared to 2019. The consequences of the covid-19 pandemic and quarantine restrictions were a decrease in …
For Jan.-Sep. In 2021, real disposable income increased by …% against the same period in 2020. Consumer demand...
...
1.7. Estimated consumption per capita
Estimation of consumption per capita was made by GidMarket on the basis of the ratio …
In 2020, the costs of additional children's education increased by …% compared to 2016 and amounted to … Rs. /person However, relative to 2019, the indicator is …%.
1.8. Analysis of sectoral indicators of financial and economic activity
According to GidMarket’s calculation based on …, the gross profitability of the additional children’s education industry in 2016–2018 significantly ... the level of values for all industries as a whole.
In 2020, the indicator amounted to …%, which is …
Profit before tax reflects the share of revenue that remained in the enterprise as profit before tax. The value of the indicator in the sector of additional children's education at the end of 2020 is …%.
Diagram 7. Profitability of profit before tax (profit of the reporting period) in the industry of additional children's education in comparison with all sectors of the Indian economy, 2016–2020, %
Current liquidity characterizes the extent to which all short-term liabilities of the enterprise are secured by current assets. It shows that … Throughout the entire period under study, the indicator did not … times, which would allow us to say ... At the end of 2020, current liquidity amounted to … times.
Absolute liquidity shows what part of short-term liabilities can be repaid in the shortest possible time. For Indian companies, the normative value of the absolute liquidity ratio is ... In 2020, the indicator of the sector of additional children's education is ... normative values - ... times, which indicates ...
1.9. Price analysis
According to Rosstat, for the period 2016-2020. the average annual consumer price index in the market of additional children's education amounted to …%. In 2020, there was an increase of …%. For Jan.-Aug. In 2021, consumer prices for classes remained …%.
Average cost for extracurricular activities for preschool children in India in Jan-Aug. 2021 was … Rs./academic hour. The most expensive classes will cost for children .. Union Territories – … Rs. and … Union Territories – … Rs./academic hour. Cheaper additional classes for children are held in …
Table 4. Average prices in the market of additional children's education in the Union Territories, 2017, 2020-Aug. 2021, Rs./academic hour
Chapter 2
2.1. Economic components
India GDP
GDP is a macroeconomic indicator that reflects the market value of all final goods and services produced in a year in all sectors of the economy on the territory of the state for consumption, export and accumulation.
The dynamics of India's GDP is decisive in the vector of development of the entire economy of the country and determines the key trends in consumer effective demand and economic activity.
In 2012–2014 the GDP growth rate was …, but was constantly declining, and in 2015 ... In 2015, which was the peak of the crisis in the state, the decline in GDP was …% compared to the previous proportional to the well-being of citizens, then this indicates ...
In 2016, GDP stagnated, at the end of 2017, this indicator demonstrates …
In 2020, the decline in India's GDP, according to …, amounted to …%. This is the biggest drop in GDP since 2009, when the country's economy shrank by …%. According to Rosstat, the decline in GDP is mainly due to ...
...
2.2. Social Components
...
2.3. Technological components
...
2.4. Political Components
...
2.5. STEP-analysis of the market of additional children's education
According to the results of the performed STEP-analysis, macro-environment factors have a greater influence on the development of the market for additional children's education.
Significant negative factors include...
Table 5. STEP-analysis of factors influencing the market of additional children's education
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
...
3.2. Number of competitors and relative market shares of the largest competitors
The Indian market for additional education for children is formed by domestic organizations, which are represented by:
private companies, …;
organizations ... areas that have ...
...
The table below shows the largest federal state projects of additional education for children. …
Special attention should be paid to the project ...
Shares of competitors are allocated taking into account the range of services. The largest operators of the additional children's education market include LLC “…”, JSC “…” and … with shares of …% each.
In terms of competitive concentration, the market belongs to … (Herfindahl-Hirschman index (HHI …). …
Legal revenue number of industry leaders increases annually, however, in 2020, the growth rate of the TOP-5 largest market operators slowed down …% and amounted to … billion Rs.
3.3. Compact location of industry companies in certain regions
The largest number of companies in the industry are located in … (…%), … (…%). Then, in descending order, follow … (..%), …
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
...
In the first half of 2020, many markets felt the impact of the pandemic and the onset of the economic crisis. Let us analyze the data on the impact of recent crises on the market of additional children's education (the global crisis of 2008 and the currency crisis in India in 2014).
Table 8. Assessment of the impact of recent crises on the industry
The most significant difference between the current crisis and the previous ones is…
4.2. Analysis of the impact on the state aid industry at the current date
Since the introduction of restrictive measures in India related to the spread of a new coronavirus infection, the state has…
In the lists of the most affected sectors of the Indian economy was included ...
The measures described in the table are the support measures available in the industry under study and which have not expired.
4.3. Assessment of the degree of impact of the crisis due to covid-19 on the analyzed market. Barriers existing in the market of additional children's education
In a pandemic situation, additional education organizations found themselves in the most vulnerable situation in relation to other types of education due to their …
According to the survey of …, before the quarantine …% of the DOD organizations had no experience in implementing additional education programs in a distance format. Only …% systematically applied the remote format in the implementation of some areas, and …% of companies had …
... in the field of preschool education (we were able to switch to a distance learning format in a few days, and ...
Diagram 16. Duration of the process of transition to distance learning in the field of preschool education, %
The most significant difficulties of the transition to the distance were associated with the lack and unsuitability ...
The increase in load is mainly associated with the transformation ... (...%), as well as with the search for ...
The main barriers hindering the development of the market include:
...
4.4. Prospects and growth drivers of the additional children's education market
...
The main growth drivers will be:
...
4.5. Forecast for the development of the market for additional children's education in the context of the current economic crisis due to covid-19
...
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
...
5.2. Sources of information for forecasting
...
5.3. Timing of forecasting
...
Diagrams
Diagram 1. Dynamics of the market volume of additional children's education, 2016–2020, billion Rs.
Diagram 2. Structure of the network of organizations implementing additional education programs and their contingent by types of organizations, %
Diagram 3. Stage of the life cycle of the market of additional children's education
Diagram 4. Population dynamics in India, as of 01 Jan. 2012–2021, million people
Diagram 5. Dynamics of real incomes of the population of India, % to the previous year, 2012–Sep. 2021
Diagram 6. Consumption in the market of additional children's education per capita, 2016–2020, Rs./person
Diagram 7. Profitability of profit before tax (profit of the reporting period) in the industry of additional children's education in comparison with all sectors of the Indian economy, 2016–2020, %
Diagram 8. Current liquidity (total coverage) for the industry of additional children's education for 2016–2020, times
Diagram 9. Dynamics of India's GDP, 2012-Sep. 2021, % to the previous year
Diagram 10. Monthly dynamics of the US dollar against the rupee, Rs. for 1 US dollar, 2016-Oct. 2021
Chart 11. Percentage of children aged 0-14 years in the total population of India, as of 01 Jan. 2012–2021, %
Diagram 12. Shares of the largest competitors in the market of additional children's education in 2020, %
Diagram 13. Dynamics of the total revenue of the largest operators of the additional children's education market (TOP-5) in India, 2016–2020, million Rs.
Diagram 14. Compactness of location of companies in the industry in certain regions, Oct. 2021, %
Diagram 15. Experience in implementing distance learning programs before quarantine, %
Diagram 16. Duration of the process of transition to distance learning in the field of preschool education, %
Diagram 17. Forecast of the market size of additional children's education in 2021–2025, billion Rs.
Tables
Table 1. Gross profitability of the sector of additional children's education in comparison with all sectors of the Indian economy, 2016–2020, %
Table 2. Absolute liquidity of the sector of additional children's education in comparison with all sectors of the Indian economy, 2016–2020, times
Table 3. Consumer price indices in the market of additional children's education in India in 2016–Aug. 2021, %
Table 4. Average prices in the market of additional children's education in the Union Territories, 2017, 2020-Aug. 2021, Rs./academic hour
Table 5. STEP-analysis of factors influencing the market of additional children's education
Table 6. The main companies participating in the market of additional children's education in 2020
Table 7. Main federal state projects of additional education for children
Table 8. Assessment of the impact of recent crises on the industry
Table 9. Analysis of the impact on the industry of the state aid proposed as of April 01.11.2021,
Table 10. Forecast indicators of the development of the Indian economy
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