USD 287.37 billion
Children Day Care Services Market Size, Share, Growth Analysis, By Application(Center-based, Home-based), By Type(Baby, Child Day Centers, Pre-Kindergarten, Preschools Centers), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25R2004 |
Region:
Global |
Published Date: July, 2001
Pages:
257
|Tables:
64
|Figures:
65
Children Day Care Services Market Insights
Children Day Care Services Market size was valued at USD 287.37 billion in 2019 and is poised to grow from USD 289.09 billion in 2023 to USD 305.09 billion by 2031, growing at a CAGR of 0.6% in the forecast period (2024-2031).
The children day care services market is made up of businesses (organizations, sole proprietors, and partnerships) that provide care for newborns either in their own homes, the homes of authorized child caregivers, or child care facilities. These businesses sell child care services like babysitting and learning services as well as related goods. When parents are at work or otherwise unavailable, the government or a nonprofit organization will care for newborns, newborns, preschoolers, and school kids. Businesses in this sector offer preschool and older children care services if they're not in school. Prekindergarten instruction is also available at several of these institutions. Both publicly funded and privately funded child care services are available in this market. Additionally, there are direct benefit transfers from the government to care workers in this sector.
One of the key factors projected to raise the children day care services market is a spike in the number of working parents due to the increased engagement of women in the workforce. The necessity for child day care services is rising in emerging regions as more parents are choosing to work.
US Children Day Care Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Center-based
Fastest Growth
Center-based
Growth Rate
0.6% CAGR
Global Children Day Care Services Market 2022-2028 ($ Bn)
Country Share for Asia-Pacific Region- 2021 (%)
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Children Day Care Services Market Segmental Analysis
The global children day care services market segmentation is based on type, application, and region. Based on type the Children Day Care Services Market is segmented into baby and child day centers, pre-kindergarten and preschools centers, and nursery schools. Based on application the Children Day Care Services Market is segmented into center-based and home-based. Based on region the global children day care services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Children Day Care Services Market Analysis by Application
In 2021, the center-based category had the highest share of the global children day care market and will significantly increase its market share for child day care services during the forecast period. The centers for children's daycare facilities focus on fostering children's whole development of an individual. They offer an educationally enhanced curriculum that supports the development of literature, communication, character, and other areas. Children also have more chances to interact with their peers socially. The demand for center-based child care services is rising as a result of these favorable conditions, rising the sales of market vendors.
Global Children Day Care Services Market By Application, 2021 (%)
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Children Day Care Services Market Regional Insights
In 2021, the children day care services market is dominated by the Asia Pacific. The two biggest markets in this region for child care services are China and India. Substantial growth benefits can be achieved for market players in APAC by the growing youth migration from rural to urban looking for better professional and vocational opportunities, as well as the growing involvement of women in the labor force. Additionally, the expansion of the middle class and growing earnings will support the market for child care services in APAC throughout the projection period.
The Europe market for child day care services was second only to Asia-Pacific. During the projection period, nations like the UK, France, and Germany are expected to considerably fuel market expansion.
Global Children Day Care Services Market By Geography, 2022-2028
- Largest
- Fastest
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Children Day Care Services Market Dynamics
Children Day Care Services Market Driver
- Child care facilities are using technology to help parents keep in touch with their kids. Numerous daycare facilities use applications to transmit images of children to their parents and stream videos of class discussions. Viewing videos and images of children at childcare facilities, this technique helps parents to keep an eye on their children while they are at the facility.
- The children day care services market is predicted to be driven by due to rising in the employment rate of women during the projected period. The demand for corporate on-site child care services is predicted to rise as the percentage of women in the labor force rises. Government activities to encourage women to work are also very supportive of the expansion of the on-site child care market, and these efforts will significantly lead to the expansion of the child care market throughout the projection period.
Children Day Care Services Market Restraint
- In 2020, the children day care services market was constrained by the global lockdowns implemented by governments in response to the COVID-19 epidemic, which prohibited crowding in public locations like schools, colleges, and child care facilities, and community centers. A viral illness called COVID 19 causes flu-like symptoms like fever, coughing, and breathing difficulties.
- In the modern era, raising a child is an extremely expensive endeavor. Children's fundamental needs require parents to spend a significant percentage of their income on them. Child care expenses frequently outweigh those for housing, tuition, transportation, and food in households. This poses a significant obstacle for the global childcare business.
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Children Day Care Services Market Competitive Landscape
There are several significant participants in the moderately competitive children daycare market. A select number of the big firms presently control the majority of the market in terms of market share. Major providers now offer high-value services like tailored instruction, which encourages parents to select high-quality child care. For instance, in order to prepare the younger children for kindergarten, Parma City Schools established Kindergarten Launch Academy, which will put an emphasis on problem-solving, fundamental literacy, numeracy, and social and emotional learning.
Children Day Care Services Market Top Players Company Profiles
- Bright Horizons Family Solutions Inc. (US)
- Busy Bees Daycare LLC (US)
- Cadence Education LLC (US)
- G8 Education Ltd. (Australia)
- Global Childrens Center (US)
- Goddard Systems Inc. (US)
- Growing Room (US)
- JP-Holdings Inc. (Japan)
- Kids R Kids International Inc. (US)
- KinderCare Learning Centers LLC (US)
Children Day Care Services Market Recent Development
- In June 2022, in order to make it simpler for child care providers to acquire staff, Winnie just announced the creation of a new child care job marketplace. The firm Winnie, which assists families in finding child care, is now focusing on the opposite side of the issue—assisting carers in finding employment that pays a living wage.
- In December 2021, one of North America's top early childhood education providers, Cadence Education, LLC, announced today The organization has selected Leigh-Ellen Louie as its new CEO. Upon completion of prior obligations, she will start working at Cadence Education in early 2022.
Children Day Care Services Key Market Trends
- Due to a significant rise in medical knowledge and advancements, the child mortality rate has significantly decreased throughout the world. Neonatal mortality rates have similarly seen a decreased trend. The most important time for a child's survival is during the newborn era. It is a child's first four weeks of existence. The infant mortality rate (IMR) scenario has also shown a downward trend. The market for children daycare services has seen an increase in revenue as a result of the ongoing drop in the child mortality rate. The children day care services market's growth prospects would be further enhanced during the projected timeline by the ongoing growth in medical advancements.
Children Day Care Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the market for child day care services will have a large growth in the center-based category's market share during the projection period from its peak level in 2021. The Asia Pacific dominated the child day care services market in 2021. China and India are this region's two largest markets for child care services. The only other region in which child day care services were sold was Asia-Pacific.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 287.37 billion |
| Market size value in 2031 | USD 305.09 billion |
| Growth Rate | 0.6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Children Day Care Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Children Day Care Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Children Day Care Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Children Day Care Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Children Day Care Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Children Day Care Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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