Day Care in the US
Over the five years to 2018, IBISWorld expects revenue to rise. Over the five years to 2018, industry revenue has grown as a result of sustained low unemployment and increased disposable income amid high demand for child care services. During the period, demand for child care services has remained strong despite the high and increasing cost of day care services. Although regulations are created at the state level, across the nation, regulations have tightened to ensure the quality of care and safety of children. Over the five years to 2023, revenue for the Day Care industry is expected to grow. Sustained low unemployment and continued growth in per capita disposable income will benefit the industry as child care services will remain in high demand.
Industry operators provide day care services for children, primarily those under the age of five. Industry operators may also run preschool programs that prepare three- and four-year-old children for kindergarten. However, kindergarten education and in-home nanny services are excluded from industry services.
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.
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