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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 | May 2015

In decline: High costs and tight state budgets have reduced industry demand

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
$45bn
Annual Growth 10-15
-0.8%
Annual Growth 15-20
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Profit
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Employment
1,591,768
Businesses
773,043
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 Analysis Chapter

This industry provides essential services to working families. It provides day care for children under five, while also offering preschool instruction that prepares them for kindergarten. Over the 1990s and early 2000s, demand for private day care centers was strong, due to more parents entering the workforce. However, demand has since been tempered, first by the recession then by slow recovery in disposable income. Government funds have also dried up as state budgets tightened, while day care costs have continued to rise. As a result, industry revenue has declined an annualized 0.8% in the five years to 2015, to $44.9 billion... 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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