The child day care services market includes establishments offering day care for infants or children. 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 and private child care services.
The top five companies covered are Bright Horizons Family Solutions, G8 Education, Learning Care Group, Goodstart Early Learning and Primrose Schools. Bright Horizons Family Solutions Inc. was the largest competitor in the child day care services market in 2017.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Child Day Care Services Market Size
The global child day care services market was valued at around $170 billion in 2017. North America was the largest region in the child day care services market in 2017, accounting for around 45% market share. The USA was the largest country in the market in 2017, accounting for around 30% market share.
Child Day Care Services Market Trend
Companies are offering corporate child care services to help employees to achieve work life balance. Corporate child care is a specific form of child care sponsored or managed by an employer. Companies are either offering in-house child care centers or partnering with the local child care centers to offer the services at discounted rates as a perk for attracting and retaining top employees.
Child Day Care Services Market Segmentation
Child day care services market is segmented into In-Home Care Services, Family Child Care, and Center-Based Care segments.
In-Home Care Services are provided by nannies,au pairs, or friends and family. The child is watched inside their own home or the caregiver`s home.
Family Child Care providers care for children in the provider’s own home. The children in family child care are generally in a mixed age group with a low adult to child ratio. The cost of care in a family child care is usually lower on average than that of a center based care center. The care provided in family child care services is more personalized.
Center-Based Care provides a standardized and regulated system of care for children. Some companies partner with center based care providers to offer child care services at their facilities for employees of children. Center-based care centers generally prepare children by providing skills development and readiness training, and also focuses on health and social development.