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After-School Program Providers in the US - Industry Market Research Report

Publisher IBISWorld
Published Oct 26, 2024
Length 69 Pages
SKU # IBSS19340770

Description

After-School Program Providers in the US - Industry Market Research Report


After-School Program Providers in the US

After-school programs have struggled to survive the challenges of the past five years. Despite their position as essential for some families, daily life was massively altered as COVID-19 spread and social distancing guidelines became the norm. Many schools and workplaces went fully remote for several months, completely removing the need for after-school care. Despite many workers returning to the office, lingering work-from-home policies often give consumers the flexibility to perform many of the duties they would have relied on after-school programs for. When combined with post-pandemic inflation that led per capita disposable income to plummet, many parents simply weren't willing to pay for services they could do themselves. Because of lackluster usage, industry-wide revenue has been falling at a CAGR of 2.4% over the past five years and is expected to total $23.1 billion in 2023, when revenue will drop by an estimated 3.3%.

This industry organizes youth programs that take place outside of the traditional school day. After-school programs can occur at various times of the day and in a variety of places, including the school building, community centers, libraries or parks. Activities include everything from sports and study groups to performing and creative arts. As many industry operators are nonprofit organizations, they are exempt from federal income tax.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Table of Contents

69 Pages
TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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