Over the past five years, the rising number of women in the workforce has helped drive demand for industry services, as fewer parents are available to take care of infants, toddlers and preschool-age children. In addition, government subsidies have been critical in enabling families to afford the cost of day care, with subsidies currently accounting for nearly two-thirds of all spending on day care in Canada. Demand for industry services is expected to moderate over the next five years as the government is not expected to change its child care aid policies over the next five years. Furthermore, as the unemployment rate stabilizes and declines at a slower rate in conjunction with the economy continuing to recover, revenue will become less volatile.
This industry provides 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 some educational programs.
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.