Figure : Coaching Classes Market Projection
The market size of coaching classes in India is expected to reach USD 500 million by 2022. The coaching classes market is primarily driven by increase in number of students pursuing higher education and professional courses. Furthermore, rising preferences for the high quality education among the parents has driven the demand for coaching centers in the recent years.
India is one of the fastest emerging markets in the world and has experienced significant growth in per capita income and educational standards. India offers a great potential for the universities and educational institutes to expand their student intakes. Moreover, India accounts for over 29% of the population from the age group under 18 that goes to schools. This offers a significant potential for the coaching classes to launch their coaching centers. Furthermore, parents’ reliance on coaching classes is expected to escalate the coaching classes market in India. India currently accounts for the highest market share in the education market in the world, with market size over USD 150 billion in 2015. The schooling segment in the India’s education market accounted for over USD 144 billion.
The market size of coaching classes in India is expected to reach USD 500 million by 2022. The coaching classes market is primarily driven by increase in number of students pursuing higher education and professional courses. Furthermore, rising preferences for the high quality education among the parents has driven the demand for coaching centers in the recent years. However, one of the key restraining factors is the lack of infrastructure for private coaching centers. Further strict regulation about the private coaching classes is another factor that restricts the growth of the private coaching centers. However, the impact of these restraining factors is minimal. Several government initiatives to promote the skill development and create employment opportunities are expected to provide opportunities for the new players to enter the coaching classes market over the forecast period. Moreover, 100% FDI approval by Govt. of India in education sector is anticipated to attract several international players to enter the Indian market in the near future.
The report segments the coaching classes market by nature of courses as Govt. supported course and other courses. On the basis of courses the coaching classes market is segmented as schooling and pre-schooling, higher education and university level courses, professional vocational courses, skill development courses, crash courses and competitive exams, and others. Geographically the Indian market is segmented on the basis of zones as South zone, North zone, Central zone East zone and West zone. The west zone covers states such as Maharashtra and Goa, Rajasthan, and Gujarat, while south zone covers Karnataka, Tamil Nadu, Andhara Pradesh and Telangana and Kerala. East Zone covers West Bengal, Orrisa, Bihar and others, North Zone covers states such as Punjab, Uttar Pradesh, Haryana, New Delhi and others. Among the zones West Zone accounted for the largest market size followed by North Zone.
The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the demand of coaching classes in India as well as in its zones. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and value chain analysis of coaching classes market. Moreover, the study highlights current market trends and provides forecast from 2016 to 2022. We also have highlighted future trends in the coaching classes market that will impact the demand during the forecast period.