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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

The Day Care market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 Products Chapter

Child-care services

The industry derives the majority of its revenue from standard child-care services, which accounts for 56.9% of the industry's revenue, according to the latest data from the US Census. These include child-care centers, family day care, nanny or babysitting services. Child-care centers are licensed facilities that offer relatively large numbers of enrollments. Child-care centers are typically slightly more expensive than nanny or babysitting services. According to the latest data from Child Care Aware of America, the average annual cost of full-time center-based child care for a four-year-old ranged from about $4,515 in Tennessee to nearly $12,320 in Massachusetts in 2013 (latest data available)... 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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