Over the past five years, strained household income and pressures on local budgets have reduced spending on nursery schools, causing industry revenue to decline. However, in the coming years, improved household income and greater public attention to early education is expected to help the industry turn the corner. Still, grand plans for preschool expansion, including a tentative plan to provide multibillion-dollar investment by increasing taxes on tobacco and on high-income households, are unlikely to come to fruition in the near future.
This industry provides preschool education services for children aged three and four, combined with day care. Establishments in this industry are private but may receive funding from a variety of sources, including state and federal grants. This industry excludes babysitting or infant care 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.