The term "private K–12 education sector" in Malaysia describes the network of privately managed schools that educate children from early childhood through the end of secondary school. These institutions, which are frequently referred to as private or international schools, are run by private businesses or people.
With numerous new schools establishing to accommodate the demand for high-quality education, Malaysia's private K–12 education sector has experienced tremendous growth in recent years. The International Baccalaureate (IB), Cambridge International Examinations (CIE), and the American curriculum are among the curricula offered by these schools.
The Ministry of Education in Malaysia has established rules and specifications for private schools, including minimum requirements for infrastructure, curriculum, and instructor certifications. Private schools must also deliver education that satisfies the government's established national criteria.
In Malaysia, the price of a private education can vary greatly, with some institutions charging rates that are much more than those of public institutions. Private schools, however, can provide a broader variety of extracurricular activities and facilities than public schools, which might make them appealing to parents who are prepared to pay for these extra perks.
Overall, Malaysia's private K–12 education industry gives parents a variety of options for their children's education and has grown to be a preferred option for families seeking a best education and a more individualised learning experience.
The private K–12 education market in Malaysia has been significantly impacted by the COVID-19 pandemic.
Closing of Schools: From March to June 2020, all Malaysian schools, including private K–12 institutions, were closed in an effort to stop the virus's spread. The academic calendar was severely disrupted as a result, which had an effect on student learning.
Private K–12 schools have to switch to online learning since physical classrooms had to be shut down. This gave students the opportunity to continue their education from a distance, but it also brought with it new difficulties, such gaining access to technology and having reliable internet connections.
Enrollment Decline: As a result of some parents losing their employment or encountering financial difficulties, the epidemic has led to a fall in enrolment in private K–12 institutions. This has caused several colleges to lower their tuition and provide scholarships in an effort to draw in more students.
Financial Stress on Schools: As a result of decreased enrollment and increased expenditures related to putting health and safety precautions into place, the pandemic has also put financial stress on private K–12 schools. To deal with the financial burden, some institutions had to slash or eliminate employee wages.
Demand for Health and Safety Measures Has Increased: Private K–12 schools have been forced to put in place stringent health and safety procedures in response to the epidemic, including routine temperature checks, facility sanitization, and social segregation policies. Schools now have to spend more money and hire more employees to implement these regulations as a result.
In conclusion, the COVID-19 epidemic has significantly impacted Malaysia's private K–12 education industry, leading to school closures, a switch to online learning, a drop in enrolment, financial hardship on schools, and an increase in demand for health and safety precautions.
Malaysia Private K-12 Education Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Alice Smith School, Beacon House Malaysia, Campus Rangers International, Cempaka International School, Collinz International School, Fair View International School, REAL International School, Regent International School, Sri KDU International School, St. John’s International School, Taylor’s International School, Tenby Schools, Wesley Methodist School
Malaysia Private K-12 Education Market Segmentation:
By Level of Education: Based on the Level of Education, Malaysia Private K-12 Education Market is segmented as; Pre-Primary, Primary, Secondary.
By Gender: Based on the Gender, Malaysia Private K-12 Education Market is segmented as; Male, Female.
By Region: This report also provides the data for key regional segments of Selangor, Sabah, Johor, Sarawak, Kuala Lumpur, Others.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.