Industry Analysis & Industry Trends
The economic recovery will greatly benefit the Day Care industry. As parents and guardians, particularly females, rejoin the workforce, demand for day care services will grow. Additionally, expected increases in disposable income will allow families to spend more on child care, including high-value services such as early education programs. One key area of growth for the industry is employer-sponsored child care services, which will become increasingly important as companies ramp up their efforts to attract and retain staff... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Although growth in the Day Care industry has tempered compared to the rapid expansion of the 1990s, the post-recessionary recovery has once more pushed the industry to growth. Between 2011 and 2021, IBISWorld expects industry value added, which measures contribution to economic output, to increase an annualized 3.4%. By contrast, US GDP is anticipated to increase an annualized 2.3% over the period.
This rising contribution to economic output reflects improving economic conditions that have better enabled consumers to pay for day care services. However, the rising costs of day care and scarcity of public funding indicates that the industry is in the mature phase of its life cycle. Other factors indicate industry maturity, including the widespread acceptance of day care services... purchase to read more