Future Growth of Global Child Day Care Services Market: Ken Research

 Asia Pacific was the largest region in the global child day care services market, accounting for 33% of the market in 2019. Western Europe was the second largest region accounting for 23% of the global child day care services market. Africa was the smallest region in the global child day care services market.

Companies are offering corporate child care services to help employees to achieve work life balance. Corporate child care is a specific form of child care sponsored or managed by an employer. Companies are either offering in-house child care centers or partnering with the local child care centers to offer the services at discounted rates as a perk for attracting and retaining top employees. For instance, Goldman Sachs has opened an on-site day care center in their offices in Tokyo and New York. In locations where they are not able to provide onsite nursery facilities, Goldman Sachs has partnered with local day care centers. Exxon Mobil has selected Bright Horizons to operate child day care center in Houston campus.

The child day care services market consists of the revenues from child day care services and related goods by entities (organizations, sole traders and partnerships) that provide care for infants or children. These establishments provide care services for preschool children, and for older children when they are not in school. Some of these establishments also offer pre-kindergarten education. This market includes both government and private child care services.

The global child day care services market is expected to grow from USD 294.8 billion in 2019 to USD 309.4 billion in 2020 at a compound annual growth rate (CAGR) of 5%. The low growth is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 10% from 2021 and reach USD 404.3 billion in 2023.

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Global Child Day Care Services Market

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Child Day Care Services Global Market Report 2019

Global Child Day Care Services Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)

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Child daycare is the care of a child during the day by a person excluding the child's legal guardians. Daycare is an ongoing service during definite periods, such as the parents' time at work or absent for other reasons. The type & quality of care may be of many types such as language development, math & reading achievement, school readiness, the nature of relationships with parents and teachers, work habits, social skills (dance & music), and behavioral adjustment.

According to the study, “Child Day Care Services Global Market Report 2019” the key companies operating in the global child day care services market are Bright Horizons Family Solutions, Learning Care Group, G8 Education, Primrose Schools, Goodstart Early Learning, KLA Schools, Sitters, and Tutors, College Nannies, PLASP Child Care Services, JP Holdings, Nobel Learning Communities Inc., Discovery Point, KU Children\’s Services, KidsPark, Seeking Sitters, Lightbridge Academy, KinderCare Education, The Goddard School, Genius Kids, Montessori Kids Universe, Kidzee, Eurokids, Bachpan, Tree House Education & Accessories Ltd., Kangaroo Kids, Shemrock, Hello Kids Education India Pvt., Podar Jumbo Kids, Little Millennium, Noah Education Holdings, Oriental Baby Care Consulting, Rockmybaby, Asquith Hendon Pre-School & Day Nursery, ADO Mini-Explorers Outdoor Pre-school, American Embassy Day Care/Pre-School, Kinder care education, Bright Horizons Family Solutions, Learning care group, WIZO, Bambinos Daycare, Dubai Autism Center (DAC), Bizzy Beez Group, C.H.I.L.D. Center UAE, Kidz College Nursery School, Brainiac Nursery and Preschool, Baby Bloom Nursery, Instituto Cultural y Educativo, Goddard Systems,  Jardin De Niños Leche Kids, Bloubosrand Montessori Pre-School, Parkmore Nursery School.

Based on type, global child daycare services market is segmented into pre-kindergarten education and care services. Based on the facility, the market is segmented into a full daycare facility and after school care facility. Based on ownership, the market is segmented into private and public. Based on the age group, the market is segmented into less than 2 years, 2 to 4 years, 4 to 6 years and above 6 years. Based on application, the market is segmented into children and infants. In addition, based on end-user, the market is segmented into baby & child daycare centers, nursery schools, and pre-kindergarten & preschool centers.

The child daycare services the market is driven by an increase in the percentage of working mothers & dual-income household, rise in parent awareness for early childhood education & care, increase in per capita disposable income, attractive returns on investment for employer-sponsor, rise in demand for high-quality childcare, increase in focus on early education, favorable public policy & government subsidies, and an increase in the population of children. However, maintenance of healthy atmosphere, staffing requirements, regulation & licensing requirements, availability of location and cost of quality childcare service may impact the market. Moreover, the increase in competition and a rise in labor cost are a few major trends for the market.

Based on geography, the Asian-Pacific region holds a major share in child daycare services market, followed by the Western European region owing to rapid urbanization and increase in disposable income of parents has led to a rise in brand consciousness & penetration of international preschools in the region. It is expected that the future of this market will be bright due to the growth in nuclear families over the forecast period.

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Global Child Day Care Services Market Report

Related Report:-

Global Child Day Care Services Market Size study, by Type (Community Services, Individual Services) and Regional Forecasts 2018-2025

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Sales@kenresearch.com

+91-9015378249