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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 | Jan 2016

Under pressure: High costs and budgetary concerns will limit industry growth

IBISWorld’s Day Care market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$53bn
Annual Growth 11-16
2.5%
Annual Growth 16-21
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Profit
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Employment
1,664,311
Businesses
768,021
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

 


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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