Product ID: UCMIR25S2022
Report ID:
UCMIR25S2022 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the U.S. child care market was valued at USD 60.4 billion, and it is projected to exhibit a compound annual growth rate (CAGR) of 4.18% from 2023 to 2030. The primary catalyst behind this expansion is the increasing need for early childcare and educational services, driven by the return of more parents to office work, the growing population of single and employed mothers, advancements in educational technologies for children, and the availability of government funding. Childcare costs in the United States are notably high, reflecting the strong demand for such services within the country. Single-parent households often find it challenging to provide the necessary attention to their children, leading them to depend on childcare centers and early childhood education programs.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialized Consumer Services by segment aggregation, the contribution of the Specialized Consumer Services in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR25S2022