USD 287.37 billion
Report ID: SQSG25R2004 | Region: Global | Published Date: September, 2022 | Pages: 257 | Tables: 64 | Figures: 65
Children Day Care Services Market size was valued at USD 287.37 billion in 2021 and is poised to grow from USD 289.09 billion in 2022 to USD 305.09 billion by 2030, growing at a CAGR of 0.6% in the forecast period (2023-2030).
The children day care services market is made up of businesses (organizations, sole proprietors, and partnerships) that provide care for newborns either in their own homes, the homes of authorized child caregivers, or child care facilities. These businesses sell child care services like babysitting and learning services as well as related goods. When parents are at work or otherwise unavailable, the government or a nonprofit organization will care for newborns, newborns, preschoolers, and school kids. Businesses in this sector offer preschool and older children care services if they're not in school. Prekindergarten instruction is also available at several of these institutions. Both publicly funded and privately funded child care services are available in this market. Additionally, there are direct benefit transfers from the government to care workers in this sector.
One of the key factors projected to raise the children day care services market is a spike in the number of working parents due to the increased engagement of women in the workforce. The necessity for child day care services is rising in emerging regions as more parents are choosing to work.
US Children Day Care Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 287.37 billion
To get more reports on the above market click here to Buy The Report
The global children day care services market segmentation is based on type, application, and region. Based on type the Children Day Care Services Market is segmented into baby and child day centers, pre-kindergarten and preschools centers, and nursery schools. Based on application the Children Day Care Services Market is segmented into center-based and home-based. Based on region the global children day care services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Children Day Care Services Market Analysis by Application
In 2021, the center-based category had the highest share of the global children day care market and will significantly increase its market share for child day care services during the forecast period. The centers for children's daycare facilities focus on fostering children's whole development of an individual. They offer an educationally enhanced curriculum that supports the development of literature, communication, character, and other areas. Children also have more chances to interact with their peers socially. The demand for center-based child care services is rising as a result of these favorable conditions, rising the sales of market vendors.
To get detailed analysis on other segments, Request For Sample Report
In 2021, the children day care services market is dominated by the Asia Pacific. The two biggest markets in this region for child care services are China and India. Substantial growth benefits can be achieved for market players in APAC by the growing youth migration from rural to urban looking for better professional and vocational opportunities, as well as the growing involvement of women in the labor force. Additionally, the expansion of the middle class and growing earnings will support the market for child care services in APAC throughout the projection period.
The Europe market for child day care services was second only to Asia-Pacific. During the projection period, nations like the UK, France, and Germany are expected to considerably fuel market expansion.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Children Day Care Services Market Driver
Children Day Care Services Market Restraint
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
There are several significant participants in the moderately competitive children daycare market. A select number of the big firms presently control the majority of the market in terms of market share. Major providers now offer high-value services like tailored instruction, which encourages parents to select high-quality child care. For instance, in order to prepare the younger children for kindergarten, Parma City Schools established Kindergarten Launch Academy, which will put an emphasis on problem-solving, fundamental literacy, numeracy, and social and emotional learning.
Children Day Care Services Market Top Players Company Profiles
Children Day Care Services Market Recent Development
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the market for child day care services will have a large growth in the center-based category's market share during the projection period from its peak level in 2021. The Asia Pacific dominated the child day care services market in 2021. China and India are this region's two largest markets for child care services. The only other region in which child day care services were sold was Asia-Pacific.
|Market size value in 2021||USD 287.37 billion|
|Market size value in 2030||USD 289.09 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Children Day Care Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Children Day Care Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Children Day Care Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Children Day Care Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.