The market size of India coaching classes market is expected to reach more than USD 19 billion by 2030. The India coaching classes market is primarily driven by an increase in the number of students pursuing higher education and professional courses. Furthermore, rising preferences for high-quality education among parents have driven the demand for coaching centers in 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 great potential for 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 significant potential for the coaching classes to launch their coaching centers. Furthermore, parents’ reliance on coaching classes is expected to escalate the India coaching classes market.
The India coaching classes market is primarily driven by an increase in the number of students pursuing higher education and professional courses. Furthermore, rising preferences for high-quality education among parents have driven the demand for coaching centers in recent years. However, one of the key restraining factors is the lack of infrastructure for private coaching centers. Further strict regulation about private coaching classes is another factor that restricts the growth of private coaching centers. However, the impact of these restraining factors is minimal. Several government initiatives to promote skill development and create employment opportunities are expected to provide opportunities for new players to enter the India coaching classes market over the forecast period. Moreover, 100% FDI approval by Govt. of India in the education sector is anticipated to attract several international players to enter the Indian market in the near future.
The report segments the India coaching classes market by nature of courses as Govt. supported courses and other courses. On the basis of courses, the India 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, Andhra 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 into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the demand for India coaching classes market as well as in its zones. Moreover, the IGR-Growth Matrix analysis given in the report brings insight into 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 the India coaching classes market. Moreover, the study highlights current market trends and provides forecasts from 2023 to 2030. We also have highlighted future trends in the India coaching classes market that will impact the demand during the forecast period.
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