NEW YORK, Dec. 5, 2022 /PRNewswire/ -- Technavio categorizes the global children day care services market as a part of the specialized consumer services market, the parent market. The specialized consumer services market covers the revenue generated by consumer service providers, including residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. The global children day care services market size is estimated to increase by USD 164.11 billion from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 8.01%.

Discover some insights on market size before buying the full report. Request a sample

Global children day care services market - Customer landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria

• Adoption rates

• Adoption lifecycle

• Drivers of price sensitivity

Global children day care services market – Vendor analysis

Vendor landscape - The global children daycare services market was highly fragmented in 2022. The competitive landscape of the market is expected to remain fragmented in 2027, owing to the introduction of new players during the forecast period. A few prominent vendors that offer children daycare services in the market are Bright Horizons Family Solutions Inc., Busy Bees Daycare LLC, Cadence Education LLC, Founding Years Learning Solutions Pvt Ltd., G8 Education Ltd., Global Children's Center, Goddard Systems Inc., Growing Room, JP Holdings Inc., Kids R Kids International Inc, and others.

Vendors are focusing on factors such as brand, labor, technology, and capital expenditure (CAPEX) to compete in the market. They emphasize technology for providing innovative services to consumers. They are also focusing on building brands and brand equity in the market to differentiate themselves from other competing brands.

Vendor offerings -

• Bright Horizons Family Solutions Inc.: The company offers children day care services such as infant care, toddler care, and preschool.

• Busy Bees Daycare LLC: The company offers children day care services such as summer program, full-time program, and half-time program.

• Cadence Education LLC: The company offers children day care services such as infant care and toddler care.

• G8 Education Ltd.: The company offers children day care services through Pelican Childcare and Kinder Haven brands.

• For Details on vendors and their offerings – Buy report!

Global children day care services market - Segmentation assessment

Geography Overview

Based on geography, the global children day care services market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global children day care services market.

• North America will account for 30% of the growth of the global children day care services market during the forecast period. APAC is another region that offers significant growth opportunities for vendors. It is expected to be the fastest-growing region during the forecast period. This growth is attributed to factors such as the rising middle-class population and the increasing incomes of consumers.

Segment overview

Based on application, the global children day care services market is segmented into center-based and home-based.

• The market share growth of the center-based segment will be higher than the other segments during the forecast period. Center-based children's daycare facilities provide an advanced curriculum, which facilitates the overall development of children. This, in turn, is driving the growth of this segment. These centers provide an advanced curriculum that promotes literacy, language development, personality development, and other aspects.

Download a FREE sample report 

Global children day care services market – Market dynamics

• Impactful driver - The decrease in the child mortality rate is driving the children day care services market growth. According to The World Bank Group, the mortality rate for children under five years of age (per 1,000 live births) globally declined from 40.5 in 2016 to 37.7 in 2019. The infant mortality rate (IMR) has also recorded a downward trend. The IMR declined from 30.7 in 2016 to 28.2 in 2019. Moreover, advances in the medical field will further improve the growth prospects for the market during the forecast period.

• Key trend - The rising trend of high-value services is fueling the children day care services market growth. The increase in household disposable income, along with a rise in women's participation in the labor force, has driven the demand for high-value children day care services. Major vendors are offering high-value services such as personalized education. For instance, Learning Care Group offers a personalized learning experience for children. Therefore, the market is expected to record significant growth during the forecast period.
  

• Major challenge - The increased cost of raising children is a major challenge impeding the growth of the market. In many low-income families, the cost of childcare is more than the cost of housing, transportation, food, and others. For instance, the average cost of center-based children's daycare for an infant in the US is more than USD 1,200. The increasing cost of childcare is one of the main reasons for the decline in the birth rate. Such factors are expected to hamper the growth of the market during the forecast period.

Driver, Trends, and Challenges are the factors of market dynamics that state about consequences and sustainability of businesses. Find a few insights from a free sample report!

What are the key data covered in children day care services market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the children day care services market between 2023 and 2027

• Precise estimation of the size of the children day care services market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the children day care services market across APAC, North America, Europe, Middle East and Africa, and South America

• Thorough analysis of the market's competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of children day care services market vendors

Register for a free trial today and gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION platform

Related reports:

• The preschool market size in India is estimated to grow at a CAGR of 9.57% between 2022 and 2027. The size of the market is forecasted to increase by USD 957.86 million. The market is segmented by area (urban and rural) and age group (children aged 3-6 years and children aged below 3 years).
  

• The pet daycare and lodging market size is estimated to grow at a CAGR of 6.34 %. The size of the market is forecast to increase by USD 8.6 billion. The market is segmented by type (dog daycare and lodging, combined daycare and lodging, and cat daycare and lodging) and geography (North America, Europe, APAC, South America, and Middle East and Africa).

Browse for Technavio's Consumer Discretionary Market Reports

Table Of Contents:

1 Executive Summary

• 1.1 Market overview

2 Market Landscape

• 2.1 Market ecosystem

3 Market Sizing

• 3.1 Market definition

• 3.2 Market segment analysis

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

• 4.1 Global children day care services market 2017 - 2021

• 4.2 Application Segment Analysis 2017 - 2021

• 4.3 End-user Segment Analysis 2017 - 2021

• 4.4 Geography Segment Analysis 2017 - 2021

• 4.5 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

• 5.1 Five forces summary

• 5.2 Bargaining power of buyers

• 5.3 Bargaining power of suppliers

• 5.4 Threat of new entrants

• 5.5 Threat of substitutes

• 5.6 Threat of rivalry

• 5.7 Market condition

6 Market Segmentation by Application

• 6.1 Market segments

• 6.2 Comparison by Application

• 6.3 Center-based - Market size and forecast 2022-2027

• 6.4 Home-based - Market size and forecast 2022-2027

• 6.5 Market opportunity by Application

7 Market Segmentation by End-user

• 7.1 Market segments

• 7.2 Comparison by End-user

• 7.3 Preschool children - Market size and forecast 2022-2027

• 7.4 Infant and toddlers - Market size and forecast 2022-2027

• 7.5 Older children - Market size and forecast 2022-2027

• 7.6 Market opportunity by End-user

8 Customer Landscape

• 8.1 Customer landscape overview

9 Geographic Landscape

• 9.1 Geographic segmentation

• 9.2 Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027

• 9.4 Europe - Market size and forecast 2022-2027

• 9.5 North America - Market size and forecast 2022-2027

• 9.6 South America - Market size and forecast 2022-2027

• 9.7 Middle East and Africa - Market size and forecast 2022-2027

• 9.8 China - Market size and forecast 2022-2027

• 9.9 US - Market size and forecast 2022-2027

• 9.10 India - Market size and forecast 2022-2027

• 9.11 Germany - Market size and forecast 2022-2027

• 9.12 UK - Market size and forecast 2022-2027

• 9.13 Market opportunity by geography

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape

• 11.3 Landscape disruption

• 11.4 Industry risks

12 Vendor Analysis

• 12.1 Vendors covered

• 12.2 Market positioning of vendors

• 12.3 Bright Horizons Family Solutions Inc.

• 12.4 Busy Bees Daycare LLC

• 12.5 Cadence Education LLC

• 12.6 G8 Education Ltd.

• 12.7 Global Childrens Center

• 12.8 Goddard Systems Inc.

• 12.9 Growing Room

• 12.10 JP Holdings Inc.

• 12.11 Kids R Kids International Inc.

• 12.12 KinderCare Learning Centers LLC

• 12.13 KU Childrens Services

• 12.14 Learning Care Group

• 12.15 Penny and Peggy Nairn 24 Hour Childcare Inc.

• 12.16 Primrose School Franchising Co. LLC

• 12.17 Spring Education Group

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist

• 13.3 Currency conversion rates for US$

• 13.4 Research methodology

• 13.5 List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/children-day-care-services-market-size-to-grow-by-usd-164-11-billion-from-2022-to-2027-a-descriptive-analysis-of-customer-landscape-vendor-assessment-and-market-dynamics---technavio-301694380.html

SOURCE Technavio