PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423952
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1423952
Child Care Services Market Share, Size, Trends, Industry Analysis Report, By Delivery Type (Center-based, Home-based), By Type, By Region, And Segment Forecasts, 2024- 2032
The global child care services market size is expected to reach USD 437.74 million by 2032, according to a new study by Polaris Market Research. The report "Child Care Services Market Share, Size, Trends, Industry Analysis Report, By Delivery Type (Center-based, Home-based), By Type, By Region, And Segment Forecasts, 2024- 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growth of the market can be linked to the escalating number of working parents seeking reliable childcare solutions. Additionally, the increasing awareness of the significance of early childhood education has played a pivotal role in driving market expansion. This heightened awareness has translated into a surge in demand for high-quality childcare services, prompting both the expansion of existing childcare centres and the establishment of new ones. As evidenced by data from the Australian Government's Department of Education, the number of approved childcare services witnessed an increase from around 14,382 in the first quarter of 2023 to approximately 14,510 in the second quarter of 2023, reflecting the growing demand and market response.
The global rise in women's workforce participation is anticipated to be a significant driver of increased demand for childcare services. As more women enter the workforce, the need for reliable and secure childcare options becomes paramount, particularly for working mothers. The surge in female workforce participation underscores the necessity for accessible and high-quality childcare services to accommodate the needs of working families. This growing demand is expected to have a positive impact on the market, as it addresses a critical aspect of modern employment dynamics. By providing reliable childcare services, there is a potential to enhance women's labor force participation, leading to increased productivity and contributing to overall economic growth.
Government initiatives play a crucial role in promoting and supporting the growth of the childcare services market. For instance, the initiative undertaken by the Minister of Families, Children, and Social Development in Canada. In July 2022, the Minister funded two projects through the Early Learning and Child Care Innovation Program. The University of British Columbia and the Mothers Matter Centre received significant federal funding-approximately USD 1 million and USD 1.7 million, respectively-for a two-year duration starting from April 2022. These funds are allocated to support innovative projects that aim to enhance early learning and childcare services. Such government initiatives contribute to the overall development and expansion of childcare services, ensuring better access and quality for families in need.
The absence of international legal regulations and standards in the market necessitates that market players comply with local or regional regulations. This dynamic is anticipated to limit the potential for widespread regional expansion as companies must navigate and adhere to varying regulatory frameworks in different regions. The market experiences low levels of regional expansion due to factors such as shifts in regulatory requirements, specific demands of the target population, and the unorganized nature of the industry, particularly in many low- and middle-income countries.
Child Care Services Market Report Highlights
Center based segment held the largest share, primarily due to surge in child care centers and family nuclearization
Home based services witnessed robust growth rate, owing to its high demand in developed economies
Latin America expected to grow with fastest pace, due to rise in lower- and middle-income group population
The key market players include Bright Horizons Family, KinderCare Learning, Learning Care, Spring Education, Cadence Education, Primrose School Franchising, & G8 Education.
Polaris Market Research has segmented the child care services market report based on delivery type, type, and region:
Child Care Services, Delivery Type Outlook (Revenue - USD Million, 2019 - 2032)
- Center-based
- Home-based
Child Care Services, Type Outlook (Revenue - USD Million, 2019 - 2032)
- Early Care
- Early Education & Early Daycare
- Backup Care
- Others
Child Care Services, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Table of Contents
Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Child Care Services Market Insights
- 4.1. Child Care Services Market - Industry Snapshot
- 4.2. Child Care Services Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising demand for child care services drives the market
- 4.2.1.2. Increasing Number of Working Parents
- 4.2.2. Restraints and Challenges
- 4.2.2.1. High Operational Costs
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Child Care Services Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Child Care Services Market, by Delivery Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Child Care Services, by Delivery Type, 2019-2032 (USD Billion)
- 5.3. Center-based
- 5.3.1. Global Child Care Services Market, by Center-based, by Region, 2019-2032 (USD Billion)
- 5.4. Home-based
- 5.4.1. Global Child Care Services Market, by Home-based, by Region, 2019-2032 (USD Billion)
6. Global Child Care Services Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 6.3. Early Care
- 6.3.1. Global Child Care Services Market, by Early Care, by Region, 2019-2032 (USD Billion)
- 6.4. Early Education & Early Daycare
- 6.4.1. Global Child Care Services Market, by Early Education & Early Daycare, by Region, 2019-2032 (USD Billion)
- 6.5. Backup Care
- 6.5.1. Global Child Care Services Market, by Backup Care, by Region, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. Global Child Care Services Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Child Care Services Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Child Care Services Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Child Care Services Market - North America
- 7.3.1. North America: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.3.2. North America: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.3.3. Child Care Services Market - U.S.
- 7.3.3.1. U.S.: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.3.4. Child Care Services Market - Canada
- 7.3.4.1. Canada: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4. Child Care Services Market - Europe
- 7.4.1. Europe: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.2. Europe: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.3. Child Care Services Market - UK
- 7.4.3.1. UK: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.4. Child Care Services Market - France
- 7.4.4.1. France: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.4.2. France: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.5. Child Care Services Market - Germany
- 7.4.5.1. Germany: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.6. Child Care Services Market - Italy
- 7.4.6.1. Italy: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.7. Child Care Services Market - Spain
- 7.4.7.1. Spain: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.8. Child Care Services Market - Netherlands
- 7.4.8.1. Netherlands: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.4.9. Child Care Services Market - Russia
- 7.4.9.1. Russia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5. Child Care Services Market - Asia Pacific
- 7.5.1. Asia Pacific: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5.3. Child Care Services Market - China
- 7.5.3.1. China: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.3.2. China: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5.4. Child Care Services Market - India
- 7.5.4.1. India: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.4.2. India: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5.5. Child Care Services Market - Malaysia
- 7.5.5.1. Malaysia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5.6. Child Care Services Market - Japan
- 7.5.6.1. Japan: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5.7. Child Care Services Market - Indonesia
- 7.5.7.1. Indonesia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.5.8. Child Care Services Market - South Korea
- 7.5.8.1. South Korea: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.6. Child Care Services Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.6.3. Child Care Services Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.6.4. Child Care Services Market - UAE
- 7.6.4.1. UAE: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.6.5. Child Care Services Market - Israel
- 7.6.5.1. Israel: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.6.6. Child Care Services Market - South Africa
- 7.6.6.1. South Africa: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.7. Child Care Services Market - Latin America
- 7.7.1. Latin America: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.7.3. Child Care Services Market - Mexico
- 7.7.3.1. Mexico: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.7.4. Child Care Services Market - Brazil
- 7.7.4.1. Brazil: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- 7.7.5. Child Care Services Market - Argentina
- 7.7.5.1. Argentina: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Bright Horizons Family Solutions Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. KinderCare Learning Centers LLC.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Learning Care Group, Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Spring Education Group
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Cadence Education
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Primrose School Franchising SPE, LLC.
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. G8 Education Ltd.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Kitty International School and Preschool
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Klay.co.in
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. The Learning Journey Day Nursery Ltd.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
List of Tables
- Table 1 Global Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 2 Global Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 3 Child Care Services Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 5 North America: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 6 U.S.: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 7 U.S.: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 8 Canada: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 9 Canada: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 10 Europe: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 11 Europe: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 12 UK: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 13 UK: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 14 France: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 15 France: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 16 Germany: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 17 Germany: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 18 Italy: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 19 Italy: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 20 Spain: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 21 Spain: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 22 Netherlands: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 23 Netherlands: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 24 Russia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 25 Russia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 28 China: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 29 China: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 30 India: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 31 India: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 32 Malaysia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 33 Malaysia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 34 Japan: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 35 Japan: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 36 Indonesia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 37 Indonesia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 38 South Korea: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 39 South Korea: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 44 UAE: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 45 UAE: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 46 Israel: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 47 Israel: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 48 South Africa: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 49 South Africa: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 50 Latin America: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 51 Latin America: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 52 Mexico: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 53 Mexico: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 54 Brazil: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 55 Brazil: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
- Table 56 Argentina: Child Care Services Market, by Type, 2019-2032 (USD Billion)
- Table 57 Argentina: Child Care Services Market, by Delivery Type, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Child Care Services Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Type
- Figure 7 Global Child Care Services Market, by Type, 2022 & 2032 (USD Billion)
- Figure 8 Market by Delivery Type
- Figure 9 Global Child Care Services Market, by Delivery Type, 2022 & 2032 (USD Billion)
- Figure 10 Child Care Services Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Child Care Services Market
