Child Care Market Analysis

Type (Early Care, Early Education & Daycare, Backup Care)

Early education and daycare segment is anticipated to account for more than 48% child care market share by the end of 2037. The role of early education in the learning process of a child has been increasingly appreciated in the recent past. Modern parents are likely to choose childcare services that embody provisions for learning activities. This is due to the fact that more and more parents are working which makes it difficult for them to find someone to look after their children when they young. The childcare providers are incorporating the use of innovative helping tools such as smart devices and methods to ensure that young learners find it possible to learn in early childhood. For instance, ‘Jadui Pitara’ set under National Curriculum Framework has been developed in India and is currently in 13 local languages. This is a step to enhance the learning-teaching process in a balanced, child friendly, and joyful manner, especially for the Amrit Generation in line with the NEP 2020.

Delivery Type (Organized Care Facilities, Home-based Settings)

By 2037, organized care facilities segment is set to account for around 56% child care market share. The segment growth can be attributed to the fact that in contrast to home settings, childcare settings are often formal, well-equipped, with proper teaching aids, and well-trained and qualified caregivers. These advantages make them more appealing to parents who are keen on getting a childcare center. Both formal and informal childcare providers are coming together to establish roof bodies to officially coordinate the provision of daycare services. For instance, the South Carolina First Steps 4K has worked together with private non nonlinear, and for-profit organizations, faith-based organizations, and other eligible providers to increase the 4-year-old kindergarten programs.

End-Use (Working Parents, Stay-at-Home Parents)

In child care market, working parents segment is projected to account for more than 54% revenue share by the end of 2037. This growth can be attributed to the families having working parents, as the working hours might make it a task for the parents to look after their child. The authoritative male breadwinner family model is changing, with new forms of family type, and more presence of men in childcare. This change in family disposition has pulled a stimulus of childcare services to working parents. The increase in female employment rate and more specifically the return to work of mothers as the head of households have created a high demand for affordable quality childcare services. In US, it was at 72.3 % in 2019 for mothers with children under the age of 18 for the labor force participation rate. Businessmen and businesswomen are challenging in demanding professional child care centers which help them to meet their work and family obligations.

Our in-depth analysis of the market includes the following segments: