Global Children Day Care Services Market 2019-2023

Global Children Day Care Services Market 2019-2023

About this market

There has been a considerable decline in the child mortality rate, globally, owing to a significant increase in health awareness and medical advances. The trend of the neonatal death rate has also recorded a downward trend. The situation of the infant mortality rate (IMR) has recorded a downfall trend. The continuous decline in the child mortality rate has played a pivotal role in increasing the revenue of the global children day care services market. The constant growth in medical advances will further enhance the growth prospect of the market during the forecast period. Technavio’s analysts have predicted that the children day care services market will register a CAGR of almost 4% by 2023.

Market Overview

Positive government initiatives

Governments have a significant role in driving revenues for the global children day care services market. The implementation of stringent regulations by governments, coupled with increased funding to day care centers, has helped parents, especially from low-income families. In the US, the government initiated the Child Care and Development Fund, which aims at assisting low-income families that need childcare due to work or work-related activities. Different state governments use this fund to invest in improving quality education through teacher workforce, initiating child care programs to achieve higher standards, and promoting consumer education to help parents select suitable child care.

Increased cost of raising children

Raising a child is a costly affair in today's era. Parents have to spend a large portion of their income on providing their children with necessities. In many families, the cost of child care exceeds the cost of housing, college fees, transportation, and food. This acts as a significant challenge, especially for low-income families. Families have to spend approximately more than 15% of their income to cover the expenditure of child care for an infant and approximately more than 12% for a preschool child. The consistent decline in fertility rate harms the overall growth rate of the economy.

For the detailed list of factors that will drive and challenge the growth of the children day care services market during 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented. The presence of several companies, including Bright Horizons Family Solutions Inc. and G8 Education Ltd. makes the competitive environment quite intense. Factors such as the increasing labor force participation of women and decrease in child mortality rate will provide considerable growth opportunities to the children day care services vendors. KinderCare Education LLC, Learning Care Group, and Nobel Learning Communities Inc. are some of the major companies covered in this report.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Children Day Care Services Market 2019-2023

Technavio recognizes the following companies as the key players in the global children day care services market: Bright Horizons Family Solutions Inc., G8 Education Ltd., KinderCare Education LLC, Learning Care Group, and Nobel Learning Communities Inc.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing trend of employer-sponsored children day care programs.”

According to the report, one of the major drivers in this market is the increasing labor force participation of women.

Further, the report states that one of the major factors hindering the growth of this market is the increasing health concerns for children.

Companies Mentioned

Bright Horizons Family Solutions Inc.

G8 Education Ltd.

KinderCare Education LLC

Learning Care Group

Nobel Learning Communities, Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global consumer staples market
      • Table Segments of global consumer staples market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Center-based - Market size and forecast 2018-2023
      • Table Center-based - Market size and forecast 2018-2023 ($ billions)
      • Table Center-based - Year-over-year growth 2019-2023 (%)
    • Home-based - Market size and forecast 2018-2023
      • Table Home-based - Market size and forecast 2018-2023 ($ billions)
      • Table Home-based - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Household disposable income and household and NPISHs final consumption expenditure 2012-2017 ($ per capita)
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market Trends
    • Rising trend toward high-value services
    • Increasing stress on school franchisees
    • Growing trend of employer-sponsored children day care programs
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Bright Horizons Family Solutions Inc.
      • Table Bright Horizons Family Solutions Inc. - Vendor overview
      • Table Bright Horizons Family Solutions Inc. - Service segments
      • Table Bright Horizons Family Solutions Inc. - Organizational developments
      • Table Bright Horizons Family Solutions Inc. - Geographic focus
      • Table Bright Horizons Family Solutions Inc. - Segment focus
      • Table Bright Horizons Family Solutions Inc. - Key offerings
    • G8 Education Ltd.
      • Table G8 Education Ltd. - Vendor overview
      • Table G8 Education Ltd. - Business segments
      • Table G8 Education Ltd. - Organizational developments
      • Table G8 Education Ltd. - Segment focus
      • Table G8 Education Ltd. - Key offerings
    • KinderCare Education LLC
      • Table KinderCare Education LLC - Vendor overview
      • Table KinderCare Education LLC - Service segments
      • Table KinderCare Education LLC - Key offerings
    • Learning Care Group
      • Table Learning Care Group - Vendor overview
      • Table Learning Care Group - Service segments
      • Table Learning Care Group - Organizational developments
      • Table Learning Care Group - Key offerings
    • Nobel Learning Communities Inc.
      • Table Nobel Learning Communities Inc. - Vendor overview
      • Table Nobel Learning Communities Inc. - Service segments
      • Table Nobel Learning Communities Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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