Day Care in Canada - Industry Market Research Report
Description
Day Care in Canada
The industry provides care for infants or young children that are typically under the age of five. Additionally, operators may offer prekindergarten programs and care for older children when they are not in school. Over the five years to 2023, increased government consumption and investment and the rising number of women in the workforce have driven industry demand. As the maternal labour participation rate increases, fewer parents are available to take care of infants, toddlers and preschool-aged children. In addition, government subsidies have been critical in enabling families to afford the cost of day care. The COVID-19 pandemic is expected have erased these gains, as the industry's day cares temporarily closed or saw a drop in enrolment across multiple provinces. As a result, industry revenue is projected to stagnate at $10.1 billion over the five years to 2023. This includes a 3.4% increase in revenue in 2023 alone as pandemic-related restrictions ease and demand for day care services continue to recover.
The Day Care industry in Canada provides day care services for infants and children, primarily those under the age of five. These operators 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. Operators 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."
The industry provides care for infants or young children that are typically under the age of five. Additionally, operators may offer prekindergarten programs and care for older children when they are not in school. Over the five years to 2023, increased government consumption and investment and the rising number of women in the workforce have driven industry demand. As the maternal labour participation rate increases, fewer parents are available to take care of infants, toddlers and preschool-aged children. In addition, government subsidies have been critical in enabling families to afford the cost of day care. The COVID-19 pandemic is expected have erased these gains, as the industry's day cares temporarily closed or saw a drop in enrolment across multiple provinces. As a result, industry revenue is projected to stagnate at $10.1 billion over the five years to 2023. This includes a 3.4% increase in revenue in 2023 alone as pandemic-related restrictions ease and demand for day care services continue to recover.
The Day Care industry in Canada provides day care services for infants and children, primarily those under the age of five. These operators 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. Operators 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."
Table of Contents
40 Pages
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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