Early Childhood Learning Centers
The Early Childhood Learning Centers industry comprises establishments that provide basic skill and education courses for children between the ages of about two and five years old. Over the five years to 2018, revenue fell early in the period as a result of low per capita disposable income levels and the decline in the labor force participation rate of women. However, the unemployment rate has declined each year since 2013. As more parents return to work, they are more likely to place their children in industry centers. Over the five years to 2023, the Early Childhood Learning Centers industry is expected to continue its growth, albeit more slowly. The industry will benefit from trends such as growing per capita disposable income. However, the unemployment rate is expected to rise during the period. With more parents out of work and spending more time at home, demand for early childhood learning centers will be mitigated.
Establishments in this industry, both public and private, primarily provide basic preparatory education courses for children aged two years to those reaching the compulsory school-entry age. This industry excludes establishments that primarily service adults and provide child-teaching 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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