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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 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
$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 SWOT Analysis Chapter

After an explosion of growth in the 1990s, industry expansion has settled down over the past five years. Industry value added, which measures the industry's contribution to the overall economy, is projected to grow at an average annual rate of 2.6% over the 10 years to 2019. During the same period, US GDP is anticipated to increase at an average annual rate of 2.5%. However, the rate of industry expansion will not reach the growth rate of the 1990s, when the industry matured and consolidated after large players expanded rapidly before the recession. Needless to say, subprime mortgage holdings did force some players to quickly shed assets during the recession. As the economy gains stronger footing, industry consolidation is expected to continue... 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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