Australia Pre-Primary Education Industry
Rising Traction of Private Players to Foster Growth of Australia Pre-primary Education Industry: Ken Research 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