The Business Research
Company added Child Care Market Global Market Report 2022 Report Under its “Social
Services” Industry.
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 either in the home of the baby or in a day care center.
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
sponsored and private child care services. This market also includes subsidies
and direct benefit transfers by governments.
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Major Players In Child Care Market:
Major players in the market
include Bright Horizons Family Solutions, KinderCare Education, Learning Care
Group, Primrose Schools, Good start Early Learning.
Some of the major drivers of the
market are:
Government Initiatives – Government initiatives towards minimizing
the cost of child day care services for parents with low household income are
expected to drive the growth of the child day care services market in the
forecast period. In Australia, the government in July 2018 replaced Child Care
Benefit (CCB) and Child Care Rebate (CCR) with single, means-tested subsidy
Child Care Subsidy program to encourage Australian parents with low household
income to send their children to day care centers. According to the program,
the subsidy is paid directly to child care providers to be passed on to
families.
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The child care market is segmented
by type
By Type- The child care market is segmented by type into Baby and
Child Day Care Centers, Pre-Kindergarten and Preschool Centers, Nursery
Schools, and overall child care. The baby and child day care centers market was
the largest segment of the child care market in 2018 at around 69%. The
pre-kindergarten and preschool centers market is expected to be the
fastest-growing segment .
By Geography- The gambling market is segmented into Asia Pacific,
China,Western Europe,Eastern Europe And North America . Among these regions,
Asia Pacific is the largest market for child care, accounting for around 38% of
the global market. It was followed by Western Europe, North America and then
the other regions. Going forward, Africa and South America will be the fastest
growing regions in this market. These will be followed by Middle East and Asia
Pacific.
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quality. Data is drawn from established sources and expert interviews, and is
fully referenced. All our content is edited by a team of UK academics.
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