Child Care Market – Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools Research Analysis

Child Care Market - Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools Research Analysis

“Child Care Market By Type (Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools, And Overall Child Care), Market Overview And Market Players– Global Forecast To 2022”
Bright Horizons Family Solutions Was The Largest Company In The Child Care Market, According To TBRC’s Report (Companies: Bright Horizons Family Solutions, KinderCare Education, Learning Care Group, Primrose Schools And Goodstart Early Learning)

The global child care market was valued nearly at $339 billion in 2018. Asia Pacific is the largest market for child care, accounting for around 38% of the global market. The USA is the largest country in terms of value in the child care market.

The child day care services market consists of the revenues from child day care services and related goods by entities that provide care for infants or children either in the home of the baby or in a day care center.

Read More On The Global Child Care Market Report At:

https://www.thebusinessresearchcompany.com/report/child-care-market

Child Care Market Size

The global child day care services market is expected to grow to $520 billion in 2022 at a growth rate of around 11%. Growth in the historic period resulted from economic growth in emerging markets, rising awareness of the benefits of early learning, government funding in developed nations towards child care and change in parental social status. Going forward, government initiatives to support child care, rise in corporate profits which enables companies to spend more on social benefits to employees and awareness due to rise in the internet penetration, will drive growth. Factors that negatively affected growth in the historic period were increased unemployment rates and increased costs of raising children.

The child care market is highly fragmented, with the top ten competitors making up nearly 2% of the total market in 2018. Major players in the market include Bright Horizons Family Solutions, KinderCare Education, Learning Care Group, Primrose Schools, Goodstart Early Learning.

Bright Horizons Family Solutions Inc. was the largest competitor in the child day care services market in 2017 with around 0.55% share of the market. Bright Horizons Family Solutions Inc. was founded in 1986 and is headquartered in Massachusetts, the US.

Request A Free Sample Of The Global Child Care Market Report At:

https://www.thebusinessresearchcompany.com/sample.aspx?id=2342&type=smp

 

Some of the major drivers of the market are:

Government Initiatives – Government initiatives towards minimizing the cost of child day care services for parents with low household income are expected to drive the growth of the child day care services market in the forecast period. In Australia, the government in July 2018 replaced Child Care Benefit (CCB) and Child Care Rebate (CCR) with single, means-tested subsidy Child Care Subsidy program to encourage Australian parents with low household income to send their children to day care centers. According to the program, the subsidy is paid directly to child care providers to be passed on to families .

Increasing Women Employment – The expected increase in the women employment rate in the forecast period is expected to drive the market for child day care services. The share of women in the labor force in the USA is expected to increase from 46.8% in 2014 to 47.2% in 2024 , driving the demand for on-site child care facilities at corporates. The rise of the on-site child care services market is also highly supported by government initiatives to encourage women to work, which will directly contribute to the growth of the child day care services market in the forecast period.

About The Business Research Company.

The Business Research Company is a Business Intelligence Company which excels in company, market and consumer research. It has offices in the UK, the US and India and a network of trained researchers in 15 countries globally.

Contact Information

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 8897263534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow us on Linkedin: https://in.linkedin.com/company/the-business-research-company

Media Contact
Company Name: The Business Research Company
Contact Person: Nitin
Email: Send Email
Phone: 08897263534
Address:1st Floor, Anshu Colors Building, Road Number 1 Park View Enclave, Jubilee Hills
City: Hyderabad 500033
State: Telengana
Country: India
Website: https://www.thebusinessresearchcompany.com/report/child-care-market