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Day Care in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Day Care Market Research Report | NAICS 62441 | Jul 2016

Take care: High costs and budgetary concerns will limit industry growth

IBISWorld’s Day Care market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$48bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
1,656,225
Businesses
786,584
Industry Analysis & Industry Trends

Although the Day Care industry grew rapidly in the 1990s, growth slowed in light of the economic downturn as costs exceeded what many families can bear. While high costs generated high profit margins for operators, tight state budgets combined with slow disposable income growth limited demand for industry services during the first half of the current five-year period. More recently, as per capita disposable income and government funding have been on the rise, the industry has once more returned to more rapid growth. Low accessibility to day care centers and preschools has prompted renewed attention to the subject, with the White House and Department of Education proposing new ways to expand funding to make day care services accessible to all US households... purchase to read more

Industry Report - Industry Locations Chapter

The dispersion of day care centers largely reflects variations in the geographic distribution of children. Geographic distribution is also influenced by the cost and supply of child care; labor, income and housing affordability patterns; and child care subsidy policies. In addition, varying state and local regulations and licensing requirements affect employment in this industry. Government agencies generally review, among other things, the ratio of staff-to-enrolled children. Overall, however, the spread of establishments in the United States closely follows the national share of the population.

West

The West exhibits a greater negative discrepancy between establishments and population... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Day Care Industry?

Industry operators provide day care services for children, primarily those under the age of five. Industry operators may also run preschool programs that prepare three and four year olds for kindergarten. However, kindergarten education is excluded from industry services, as are in-home nanny services.

Industry Products
Child day-care servicesPreschool programsGovernment contributionsOther services and receipts
 
Industry Activities
Providing child and infant day careProviding preschool programs


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