The USA Houses The Child Care Market’s Largest Players
The global child care market is highly fragmented, with a large number of small players. The top ten competitors in the market made up to 1.77% of the total market in 2018. This is mainly due to the presence of a large number of small players who cater to the local population, as a majority of customers enroll their kids in child care centers which are closer to their residential locations. However, this is expected to slightly change during the forecast period to 2022, as the majority of the players are trying to grow inorganically by acquiring smaller companies and expand their geographical outreach. Bright Horizons Family Solutions, Inc. was the largest competitor with 0.54% of the market in 2018, followed by KinderCare Education with 0.27%. Both these companies are US companies. The US was the second largest region in the global child care market, worth $53.6 billion in 2018. The US child care market was mainly supported by the large number of women workers in the country, relatively high child day care service prices, and a comparatively large proportion of families with both parents working.
Other major players in the global child care market include Goodstart Early Learning, Primrose Schools, G8 Education Limited, Learning Care Group, Inc., Noble Learning Communities, KU Children’s Services, PLASP Child Care Services, and JP Holdings, Inc.
Bright Horizons Family Solutions, Inc., the largest competitor in the child care market, is a provider of child care and related services such as schools and summer camps primarily in the USA. The company has more than 1,082 child care centers and early education centers and serves around 120,000 children and families globally. Bright Horizons Family Solutions Inc. was founded in 1986 and is headquartered in Watertown, Massachusetts, United States.
Bright Horizons Family Solutions’ growth strategy aims at increasing market share and expanding its operations through acquisitions. In November 2016, the company acquired Asquith Day Nurseries & Pre-Schools for approximately $206 million. The company also acquired ten centers in the Netherlands, six centers in the United States, and 20 centers in the United Kingdom in seven separate business acquisitions during the fiscal year 2018. In May 2015, Bright Horizons acquired Hildebrandt Learning Centers, LLC, for $19.2 million.
KinderCare Education, the second largest competitor in the child care market, is a privately held education services provider, and offers early childhood education and child development programs. The childcare was founded in 1969 and is based in Portland, Oregon, United States.
KinderCare Education’s growth strategy is also focused on expanding its services through acquisitions. In August 2018, the company acquired Michigan-based early education and child care services provider, Rainbow Child Care Center, to expand its learning centers in the US.