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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 2016

Take care: High costs and budgetary concerns will limit industry growth

IBISWorld’s Day Care market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$48bn
Annual Growth 11-16
1.5%
Annual Growth 16-21
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Profit
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Employment
1,656,225
Businesses
786,584
Industry Analysis & Industry Trends

Although the Day Care industry grew rapidly in the 1990s, growth slowed in light of the economic downturn as costs exceeded what many families can bear. While high costs generated high profit margins for operators, tight state budgets combined with slow disposable income growth limited demand for industry services during the first half of the current five-year period. More recently, as per capita disposable income and government funding have been on the rise, the industry has once more returned to more rapid growth. Low accessibility to day care centers and preschools has prompted renewed attention to the subject, with the White House and Department of Education proposing new ways to expand funding to make day care services accessible to all US households... purchase to read more

Industry Report - Industry Analysis Chapter

The Day Care industry provides essential services to working families. It provides day care for children under age five, while also offering preschool instruction that prepares them for kindergarten. In the 1990s and early 2000s, demand for private day care centers was strong due to more parents entering the workforce. However, demand was tempered during the first half of the current five-year period, as the recession undermined demand and the slow recovery in disposable income limited the industry's growth. During this period, government funds also dried up as state budgets tightened, while day care costs continued to rise... 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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