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Singapore Day Care Market Overview: Ken Research

Posted on 25 October 2017 by KenResearch

Day care market in Singapore has witnessed significant growth over the period 2013-2016. The market is highly regulated by ECDA. Number of enrollments has surged during the period and centers providing such services have also augmented at a considerable pace. The growth has been supported by several factors including government initiatives, growing child population and enhancing working population in the country. The market has grown at a CAGR of ~% during 2013 to 2016 with revenue estimated at SGD ~ million. Furthermore, the enrolments in child care center has increased from ~ in 2013 to ~ in 2016 while the enrolments in infant care centers has increased at a CAGR of ~% during 2013 to 2016.

Increasing number of parents now value early childhood programs for their toddlers to socialize and learn as soon as possible, even though they may not need childcare. Since parents are now more educated, their expectations have also increased.

Depending on the requirements of customers, day care services in Singapore is provided on daily or monthly basis and can be customized by full day and half day curriculums. Government has been planning to increase investment in this sector due to which the market is projected to grow at a CAGR ~% over the period 2016-2021. My First Skool, Sparkling Tots and Maple Bear are some of the major daycare centers in Singapore.

With the implementation of government initiatives to increase women participation in the Singapore workforce, the demand for day care centers escalated. More players in the sector led to a quick proliferation of childcare centers from VWOs, NTUC Childcare and the private for-profit centers. VWOs targeting at low-income families were offered capital grants.

Furthermore, review of current training aims to raise the image and professionalism of those who work with infants and toddlers.

Singapore Day Care Market Trends and Developments

By Type of Day Care Centers:  Child care centers have accounted for ~% of the revenue share in Singapore day care market in 2016.  This market caters to children of age 2-7years. Infant care centers have contributed to ~% in the Singapore day care market revenue in 2016. This market caters to children of age 2 months to 18 months.

By Type of Program: Full say programs have accounted for ~% of revenue in Singapore Child care Market and ~% of the revenue in Infant Care Centers in 2016. Other programs include half day programs and emergency care services. Such programs have accounted for a very small share in the day care market revenue in 2016.

By Major Cities: The top cities which have accounted for the largest share of enrolments in child care centers include Sengkang (~%), Jurong West (~%), Woodlands (~%),  Yishun (~%) and  Tampines (~%). The major cities contributing to the highest number of enrolments in infant care centers include Sengkang (~%), Bukit Merah (~%), Jurong West (~%), Central Area (~%) and Bedok (~%). The main driving factors include high baby population, developed infrastructure and changing lifestyle of urban population

By Type of Membership plan: Monthly membership plans have accounted for the largest share in the Singapore daycare market revenue in 2016 while a very small proportion of parents opt for day care centers on a daily basis.

Competition Scenario In Singapore Day Care Market

The Singapore daycare market is highly regulated by the government in terms of setting up a day care center, facilities to be provided and quality standards to be maintained by of day care centers. Moreover, the provision for government subsidy has enabled increasing number of parents to enroll their child in day care facilities. The day care centers majorly compete in terms of offering a tailored international curriculum suitable to the development of Singapore children, hygienic facilities ensuring emotional and intellectual growth of the child and increasing geographic presence in order to capture the growing demand for day care center due to rising awareness about the need for early childhood education. Positive word of mouth plays an important in role in creating a reputation for the day care center as most parents seek recommendations from other parents. A three-year national campaign will also be launched to recruit more pre-school teachers, and work on improving their salaries and career prospects. The market is expected to be dominated by government run day care centers as government has rolled out plans to set up more daycare centers in major cities in Singapore in phases.

Source: https://www.kenresearch.com/education-and-recruitment/education/singapore-day-care-market/142262-99.html

Contact Us: 
Ken Research
Ankur Gupta, Head Marketing & Communications
ankur [@] kenresearch.com
+91-9015378249
www.kenresearch.com

...

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Increasing Working Women Population and Changing Lifestyle in the country to Foster Future Growth of Singapore Day Care Market: Ken Research

Posted on 23 October 2017 by KenResearch

Day care market in Singapore has witnessed significant growth over the period 2013-2016. Number of enrollments has surged during the period and centers providing such services have also augmented at a considerable pace. The growth has been supported by several factors including government initiatives, growing child population and enhancing working population in the country. Building void deck childcare centers made it easier for the government to speed up the number of centers. More financial incentives were later offered to encourage couples to have more babies by defraying costs of raising young children by implementing schemes such as the Baby bonus Scheme in 2001. Furthermore, rising awareness of the benefits of early learning to cognitive development in children has encouraged more parents to opt for day care centers.

In order to maintain work life balance, daycare centers have become a convenient and safe option for parents to help in the learning and development of their child. This is further supported by increasing disposable income due to which parents look for quality education along safe and secure facilities in near proximity. The infrastructure of day care centers have evolved with centers focusing on overall development of the children. Major Day care centers are widening their service portfolio by offering both childcare and infant care services. The centers have come up with curriculum which focuses on the overall development of the child. Technology and innovation has played a key role in development of various facilities offered by the daycare centers. Now-a-days, daycare centers offer e-learning facilities, app based updates for individual parents and easier digital payment options. This has helped in smooth functioning of the daycare centers.

 

The report titled Singapore Day Care Market by Type (Childcare – Kindergarten, Playgroup, Nursery; Infant Care Centers), by Duration (Half Day and Full Day) – Outlook to 2021by Ken Research suggested a robust CAGR of 12.7% in revenue of the Singapore day Care by 2021 with growing importance of early education and infrastructure investment driving the revenues of this market in the future.

 Source: https://www.kenresearch.com/education-and-recruitment/education/singapore-day-care-market/142262-99.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-124 423 0204

...

Read more…

Increasing Working Women Population and Changing Lifestyle in the country to Foster Future Growth of Singapore Day Care Market: Ken Research

Posted on 18 October 2017 by KenResearch

Infrastructure development and increasing baby population have aided the demand for day care services in Singapore. 

Day care market in Singapore has witnessed significant growth over the period 2013-2016. Number of enrollments has surged during the period and centers providing such services have also augmented at a considerable pace. The growth has been supported by several factors including government initiatives, growing child population and enhancing working population in the country. Building void deck childcare centers made it easier for the government to speed up the number of centers. More financial incentives were later offered to encourage couples to have more babies by defraying costs of raising young children by implementing schemes such as the Baby bonus Scheme in 2001. Furthermore, rising awareness of the benefits of early learning to cognitive development in children has encouraged more parents to opt for day care centers.

In order to maintain work life balance, daycare centers have become a convenient and safe option for parents to help in the learning and development of their child. This is further supported by increasing disposable income due to which parents look for quality education along safe and secure facilities in near proximity. The infrastructure of day care centers have evolved with centers focusing on overall development of the children. Major Day care centers are widening their service portfolio by offering both childcare and infant care services. The centers have come up with curriculum which focuses on the overall development of the child. Technology and innovation has played a key role in development of various facilities offered by the daycare centers. Now-a-days, daycare centers offer e-learning facilities, app based updates for individual parents and easier digital payment options. This has helped in smooth functioning of the daycare centers.

The report titled Singapore Day Care Market by Type (Childcare – Kindergarten, Playgroup, Nursery; Infant Care Centers), by Duration (Half Day and Full Day) – Outlook to 2021by Ken Research suggested a robust CAGR of 12.7% in revenue of the Singapore day Care by 2021 with growing importance of early education and infrastructure investment driving the revenues of this market in the future.

 Source: https://www.kenresearch.com/education-and-recruitment/education/singapore-day-care-market/142262-99.html

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-124 423 0204

...

Read more…