Child Care Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 231.85 Billion |
| Market Size (2029) | USD 305.79 Billion |
| CAGR (2024 - 2029) | 5.69 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Child Care Market Analysis
The Child Care Market size is estimated at USD 231.85 billion in 2024, and is expected to reach USD 305.79 billion by 2029, growing at a CAGR of 5.69% during the forecast period (2024-2029).
Factors such as the increasing number of single parents, rising demand for early childcare education, growing adoption of new learning technologies, and increasing onsite care facilities are expected to boost market growth over the forecast period.
The number of single-parent families is rising globally, increasing the demand for daycare or other childcare services for their early education and well-being owing to the difficulty in providing the required attention to the kids. This is expected to fuel the market growth over the forecast period. According to the 2022 statistics published by the United States CBS, about 57% of millennial children were born to unmarried mothers, and 15 million single-mother families were reported in the United States in the same year.
Adopting innovative techniques and tools to educate children has increased the demand for childcare services and centers, bolstering market growth. In February 2023, under the New Education Policy (NEP), childcare centers launched an activity-based learning tool, Jaadui Pitara, that allows kids to study while playing.
The rising initiatives to promote onsite childcare services and centers are expected to increase market growth over the forecast period. For instance, in August 2022, the state government of Kerala launched its new project, 'Workplace Child Care Center,' a creche in the Public Service Commission (PSC) office, to promote breastfeeding and normalize it in public spaces.
Therefore, the market is expected to grow over the forecast period due to factors such as the rising number of single-parent families, the adoption of new learning tools, and the increasing launches of onsite childcare centers. However, the high cost of childcare services and the lack of service providers are likely to impede the market's growth over the forecast period.
Child Care Market Trends
The Early Education and Daycare Segment is Expected to Witness Significant Growth Over the Forecast Period
The early education and daycare segment is expected to witness significant growth in the child care market over the forecast period owing to factors such as the increasing development of advanced learning techniques for children and growing government initiatives.
The growing number of new learning software and tools to make learning fun for children in the foundation stage are anticipated to fuel the segment's growth. For instance, in March 2023, Duolingo launched Duolingo ABC, a specially designed free-to-use app to assist children between the ages of three and eight years in learning how to read and write in English in India. The app offers over 700 concise lessons covering the alphabet, phonics, and sight words.
Rising government initiatives to promote early education and daycare services for children are expected to increase segmental growth over the forecast period. In December 2022, the Dawoodi Bohra community and Deepalaya launched a project, 'Rise - Early Childhood Care and Development Center,' to provide early childhood education and skills and nutritional and health support to underprivileged children in slum areas in New Delhi, India. The program supports around 100 children aged two to six years whose parents are daily wage workers in the adjoining factories and construction sites.
Therefore, the segment is expected to grow over the forecast period due to the launches of new learning tools for children and rising government initiatives and funding.
North America is Expected to Hold a Significant Market Share Over the Forecast Period
North America is expected to hold a significant share of the childcare market owing to factors such as the increasing demand for early daycare and education services, the rising number of single mothers, the adoption of new learning technologies for children, and growing government initiatives.
According to the 2022 statistics published by the US Census Bureau, there were approximately 11 million single-parent homes with children under 18, about 80% of which were headed by single mothers in the United States. Additionally, per the 2022 statistics published by the Canadian government, about 1.84 million single-parent families lived in Canada in 2022. The high number of single-parent families in the region increases the demand for daycare and other childcare services to raise children and give them proper education during their growth periods. This is anticipated to augment market growth over the forecast period.
Rising government initiatives and funding to support child care and education are also contributing to the market growth in the region. For instance, in September 2022, the Maine Department of Health and Human Services (DHHS) distributed USD 13.6 million in American Rescue Plan Act funds to improve Maine families' access to safe, affordable, and high-quality child care.
The Early Childhood Educator Workforce Pay Supplement Program in Maine aims to raise the general standard of care for young children, increase early childhood educators' regular salaries through monthly stipends, and encourage their continued education.
Also, in July 2022, Governor Kathy Hochul confirmed awarding nearly USD 70 million in grant funding to newly licensed, registered, or approved childcare programs in the state's "child care deserts," or regions without enough childcare spaces.
The funding supported the staff in acquiring COVID-19 vaccines and assisted new childcare providers in underprivileged communities with program development, start-up and personnel expenditures, staff recruitment, training, and retention. Such types of funding are expected to increase the number of childcare providers and their services across the region, thereby contributing to market growth.
Therefore, the market is expected to grow over the forecast period due to factors such as the rising number of single-parent families and growing government initiatives.
Child Care Industry Overview
The childcare market is fragmented due to the presence of large and small players. Some of the key players in the market include Bright Horizons Family Solutions Inc., KinderCare Education, Learning Care Group Inc., Cadence Education, Fortune Kindergarten, and Goodstart Early Learning.
Child Care Market Leaders
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Bright Horizons Family Solutions, Inc.
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KinderCare Education
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Learning Care Group, Inc.
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Cadence Education
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Goodstart Early Learning
*Disclaimer: Major Players sorted in no particular order
Child Care Market News
- February 2023: The US Department of Health and Human Services (HHS), through the Administration for Children and Families (ACF), launched the new National Early Care and Education Workforce Center (the ECE Workforce Center) with an investment of USD 30 million.
- January 2023: KLAY launched its preschool center in Ahmedabad and planned to launch it in Japan in Q4'23. In addition, KLAY launched the "Learn@Home" and "Kare@Home" programs, which offer in-home child care and online education offerings, in 2021.
Child Care Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Number of Single Parent
4.2.2 High Demand for Child Care and Early Education as well as Adoption of New Learning Technologies
4.2.3 Increasing Onsite Care Facilities
4.3 Market Restraints
4.3.1 High Service Cost
4.3.2 Lack of Service Providers
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Type
5.1.1 Early Care
5.1.2 Early Education and Daycare
5.1.3 Backup Care
5.1.4 Other Types (Shared Nanny, babysitter, Relative Care)
5.2 By Delivery Type
5.2.1 Organized Care Facilities
5.2.2 Home-based Settings
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Bright Horizons Family Solutions Inc.
6.1.2 KinderCare Education
6.1.3 Learning Care Group Inc.
6.1.4 Spring Education Group.
6.1.5 Cadence Education
6.1.6 The Learning Experience
6.1.7 Childcare Network
6.1.8 Goddard Systems
6.1.9 Heamac Healthcare Pvt. Ltd
6.1.10 Crestar Education Group
6.1.11 Fortune Kindergarten
6.1.12 Goodstart Early Learning
6.1.13 Beanstalk Education Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Child Care Industry Segmentation
As per the report's scope, child care is the caring and monitoring a child or multiple children whose ages span from two weeks to 18 years. Early childhood or elementary education may be provided as part of child care in sophisticated learning environments. Professional caregivers provide care in either a center-based setting (such as daycare centers, preschools, and schools) or at homes (nannies or family daycare).
The child care market is segmented by type, delivery type, and geography. By type, the market is sub-segmented into early care, early education, daycare, backup care, and other types. By delivery type, the market is sub-segmented into organized care facilities and home-based settings. By geography, the market is sub-segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across significant regions globally. The report offers the value (USD) for all the above segments.
| By Type | |
| Early Care | |
| Early Education and Daycare | |
| Backup Care | |
| Other Types (Shared Nanny, babysitter, Relative Care) |
| By Delivery Type | |
| Organized Care Facilities | |
| Home-based Settings |
| Geography | ||||||||
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Child Care Market Research FAQs
How big is the Child Care Market?
The Child Care Market size is expected to reach USD 231.85 billion in 2024 and grow at a CAGR of 5.69% to reach USD 305.79 billion by 2029.
What is the current Child Care Market size?
In 2024, the Child Care Market size is expected to reach USD 231.85 billion.
Who are the key players in Child Care Market?
Bright Horizons Family Solutions, Inc., KinderCare Education, Learning Care Group, Inc., Cadence Education and Goodstart Early Learning are the major companies operating in the Child Care Market.
Which is the fastest growing region in Child Care Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Child Care Market?
In 2024, the North America accounts for the largest market share in Child Care Market.
What years does this Child Care Market cover, and what was the market size in 2023?
In 2023, the Child Care Market size was estimated at USD 218.66 billion. The report covers the Child Care Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Child Care Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Child Care Industry Report
The Child Care Market Report provides a comprehensive industry analysis and market overview, detailing the segmentation by type, delivery type, and geography. The report offers a detailed market forecast, industry outlook, and market predictions, covering the global market and its growth rate. It includes an industry overview, industry trends, and valuable industry statistics, providing insights into market growth and market value. The report also highlights the market leaders and research companies involved in the industry, offering a thorough market review and market segmentation.
The industry report delves into the market data and industry information, presenting an organized view of the largest companies and their market share. It covers the industry size and industry sales, offering a detailed analysis of the target market and market segmentation. The report example provided in the report pdf download offers a snapshot of the industry research and industry reports available.
With a focus on industry revenue and market analysis, the report provides a detailed market outlook and market overview, highlighting the key trends and market growth. The industry statistics and market data included in the report offer a clear picture of the industry's current state and future prospects. The report is an essential resource for understanding the dynamics of the child care market and its potential for growth.
