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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 2014

Taking care: Parents will demand child care again as employment rises, boosting revenue

IBISWorld’s Day Care market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$48bn
Annual Growth 09-14
1.2%
Annual Growth 14-19
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Profit
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Employment
1,723,295
Businesses
887,745
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 levels 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

The Day Care industry reported positive revenue gains each year during the five years to 2014. During the five-year period, industry revenue grew at an annualized 1.2% to about $48.0 billion. Throughout the recession and subsequent recovery, despite this industry's continually rising revenue, growth slackened as a result of increases in unemployment and drops in disposable income. This slow growth is exemplified by only an incremental revenue increase of 1.0% in 2010. Furthermore, a greater number of parents and family members were able to take over child-care duties themselves due to widespread unemployment, driving down demand for day-care services... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Day Care Industry?

Establishments in this industry provide day-care services for infants and children. These establishments generally care for preschool children, but may care for older children when school is not in session, such as during the summer or after school hours. Establishments may also offer educational programs.

Industry Products
Child-care servicesPre-primary grade instructional programsGovernment contributionsPrivate contributions
 
Industry Activities
Providing babysitting servicesProviding child and infant day careProviding group day careOperating Head Start programsOperating prekindergarten centers (except part of school system)Operating preschool centersOperating nursery school centers


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