Social Services

Global Child Day Care Services Market Size, Forecasts, And Opportunities

December 16, 2021 by The Business Research Company

Learn about the global child day care services market through The Business Research Company, which provides information on child day care services market size, child day care services market drivers and restraints, child day care services market players, the COVID-19 impact on the child day care services market, and more.

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The global child day care services market is expected to grow from $271.67 billion in 2020 to $295.99 billion in 2021 at a compound annual growth rate (CAGR) of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $415.96 billion in 2025 at a CAGR of 9%.

An expected increase in the women employment rate in the forecast period is estimated to drive the market for child care.

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The child care market consists of the sales of child care services such as babysitting and learning services and related goods by entities (organizations, sole traders and partnerships) that provide care for infants or children either in the home of the child, in the home of the registered child caregiver or in a child care center. Child care is the care provided for infants and toddlers, preschoolers, and school-aged children by government or an organization while parents are at work or absent for other reasons. Establishments in this industry 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 to child care providers.

Global child day care services market segments include:

By Type: Baby And Child Day Care Centres, Pre-Kindergarten And Preschool Centres, Nursery Schools

By Type of Location: Centre-Based, Home-Based

By Type of Expenditure: Public, Private

By Age Group: Less Than 1 Year, 1-2 Years, 2-4 Years, 4-6 Years, Above 6 Years

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global child day care services market, accounting for 33% of the market in 2020.

Child day care centers are leveraging technologies to facilitate parents to stay connected with their children. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child at the care center by accessing videos and pictures of kids at child day care centers.

TBRC’s child day care services market report covers:

Major Market Players: Bright Horizons Family Solutions, G8 Education, Learning Care Group, Goodstart Early Learning, Primrose Schools.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Child Day Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides child day care services market overviews, analyzes and forecasts market size, share, child day care services market players, child day care services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s child day care services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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