Major players in the market are Bright Horizons Family Solutions, Inc., KinderCare Education, Goodstart Early Learning, Primrose Schools, G8 Education Limited
LONDON, GREATER LONDON, UK, October 16, 2020 /EINPresswire.com/ — The global market for child care reached a value of nearly $339.1 billion in 2018, having grown at a compound annual growth rate (CAGR) of 8.3% since 2014, and is expected to grow at a CAGR of 11.3% to nearly $520.4 billion by 2022. An increase in the numbers of families where both parents are employed and a steady change in gender roles occurred in the historic period.
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.
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The global child care market is further segmented based on type and geography.
By Type Of Facility- The child care market can be segmented by type of facility into
a) Baby And Child Care
b) Pre-Kindergarten And Preschool Centers
c) Nursery Schools
By Location Of Facility- The child care market can be segmented by location of facility into
By Type Of Expenditure- The child care market can be segmented by type of expenditure into
a) Public Expenditure
b) Private Expenditure
By Geography – The global child care market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Asia-Pacific is the largest market for child care, accounting for almost 38.4% of the global market. It was followed by Western Europe, North America and then the other regions. Going forward, Africa and South America will be the fastest growing regions in this market. Child Care Competitive Landscape
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Trends In The Child Care Market
Corporates 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 for attracting and retaining top employees.
Child Care Market – By Type (Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools, And Overall Child Care), Market Overview And Market Players, By Region, Opportunities And Strategies – Global Forecast To 2022 is one of a series of new reports from The Business Research Company that provides child care market overviews, analyzes and forecasts child care market size and growth for the global child care market, child care market share, child care market players, child care market size, child care market segments and geographies, child care market trends, child care market drivers and child care market restraints, child care market’s leading competitors’ revenues, profiles and market shares. The child care market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Where To Learn More
Read Child Care Global Market Report 2020 from The Business Research Company for information on the following:
Markets Covered: Global Child Care Market
Data Segmentations: Child Care Market Size, Global And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Child Care Market Organizations Covered: Bright Horizons Family Solutions, Inc., KinderCare Education, Goodstart Early Learning, Primrose Schools, G8 Education Limited
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa
Time Series: Five years historic (2014-18) and forecast (2018-23)
Other Information And Analyses: PESTEL analysis, child care market customer information, child care market product/service analysis – product examples, child care market trends and opportunities, drivers and restraints, key mergers and acquisitions, key metrics covered: number of enterprises, number of employees, global child care market in 2020 – countries offering most new opportunities
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Child Care Industry: The report explains a number of strategies for companies in the child care market, based on industry trends and company analysis.
Opportunities For Companies In The Child Care Sector: The report reveals where the global child care industry will put on most $ sales up to 2023.
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