NEW DELHI, India -- The pre-primary education and childcare markets in Australia have showcased separate growth trajectory over the years. The pre-primary market in Australia is an emerging market characterized by the rising awareness about the quality early childhood education and care amongst parents. Although the public spending on the pre-primary education in Australia is amongst the lowest spending countries in the OECD, the government has taken substantial steps to promote the access and the importance of the pre-primary education amongst the masses. The regional pre-primary markets in each of the state or territory differ from another as the governing system is decentralized. Henceforth while the market-run kindergartens account for a dominant share in the states such as New South Wales, Victoria and Queens land, in states including Western Australia, South Australia, Tasmania, Australian Capital Territory and Northern Territory, a vast majority of preschools are government funded and run. Subsequently, the format of education and age-group of the children varies accordingly.
The childcare market in Australia is a developed and matured market and is marked by a high degree of fragmentation. The childcare market caters to children aged up to twelve and has experienced a steady growth in the last six years, propelled by high demand prevailing in the market. In the last few years, childcare market has been increasingly recognized by the government as a means of increasing women's employability in the workforce. Henceforth, various provisions such as Child Care Rebates, Child Care Benefit have been provided, which has encouraged increasing enrollments in this sector. The market revenues of the childcare market have increased from USD 7,081.6 million in FY’2008 at a CAGR of 5.6% during FY’2008-FY’2012.
The marketplace of pre-primary education and childcare industry in Australia has witnessed a growing number of market players after the fall of the market leader ABC Learning in FY’2008. A majority of the ABC centers was taken over by Goodstart Learning, a nonprofit organization, which accounted for ~% of the market share of the childcare market in FY’2012. Other major players include G8 education and KU children services. The market has showcased an increasing number of profit-making players over the years, owing to the growing attractiveness of the market.
With the increasing number of Long-day care centers providing preschool education, the pre-primary education market of Australia has been reflecting signs of growing integration with the childcare market. As the number of nuclear families and women workers has grown in the Australian economy, the dependency on child care has also consequently increased, leading to many preschools providing child care services as well.
The report “Australia Pre-primary Education and Childcare Industry Outlook to FY’2017” provides detailed overview on the pre-primary education and childcare industry from various perspectives. The report encloses a comprehensive analysis of the various segments of the market reflecting the present scenario and future growth affected by changing industry dynamics in coming years. Additionally, the report also entails information about the public and private sector initiatives, rational analysis of the macroeconomic factors, along with the profiles of the major market players of the pre-primary education and childcare industry. The report will help industry consultants, companies and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.
For more information on the industry research report please refer to the below mentioned link:
http://www.kenresearch.com/education/pre-school-education...
