Dublin, Feb. 12, 2021 (GLOBE NEWSWIRE) -- The "Child Day Care Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
This report provides the strategists, marketers and senior management with the critical information they need to assess the global child day care services market as it emerges from the COVID-19 shut down.
The global child day care services market is expected to grow from $271.67 billion in 2020 to $295.99 billion in 2021 at a compound annual growth rate (CAGR) of 9%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $415.96 billion in 2025 at a CAGR of 9%.
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Where is the largest and fastest growing market for the child day care services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Child Day Care Services market global report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider child day care services market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The child day care services market section of the report gives context. It compares the child day care services market with other segments of the social assistance market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, child day care services indicators comparison.
Asia Pacific was the largest region in the global child day care services market, accounting for 33% of the market in 2020. Western Europe was the second largest region accounting for 23% of the global child day care services market. Africa was the smallest region in the global child day care services market.
Child day care centers are leveraging technologies to facilitate parents to stay connected with their children. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child at the care center by accessing videos and pictures of kids at child day care centers. For instance, in Canada, Trust Child Care Centers partnered with Parent Care Network to provide video over the internet to parents to help them monitor child activities at the daycare center. Bloomz, Eleyo, OnCare, myKidzDay, KidCheck are some of the companies providing child care software, applications and technologies utilized by care service providers.
The outbreak of Coronavirus disease (COVID-19) has acted as a restraint on the child day care services market in 2020 as governments globally imposed lockdowns that restricted the gathering of people in public places such as schools, colleges, child care and community centers. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity with countries entering a state of 'lock down' and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, some of the social services markets remained relatively unaffected as the outbreak did not impact their operations. It is expected that the child day care services market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.
An expected increase in the women employment rate in the forecast period is estimated to drive the market for child care. For instance, the share of women in the labour force in the USA is expected to increase to 47.2% in 2024, driving the demand for on-site child care facilities at corporates. The rise of the on-site child care market is also highly supported by government initiatives to encourage women to work, which will directly contribute to the growth of the child care market in the forecast period.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Child Day Care Services Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Child Day Care Services Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Child Day Care Services Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Child Day Care Services Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Child Day Care Services Market Trends And Strategies
8. Impact Of COVID-19 On Child Day Care Services
9. Child Day Care Services Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Child Day Care Services Market Regional Analysis
10.1. Global Child Day Care Services Market, 2020, By Region, Value ($ Billion)
10.2. Global Child Day Care Services Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
10.3. Global Child Day Care Services Market, Growth And Market Share Comparison, By Region
11. Child Day Care Services Market Segmentation
11.1. Global Child Day Care Services Market, Segmentation By Type
11.2. Global Child Day Care Services Market, Segmentation By Type of Location
11.3. Global Child Day Care Services Market, Segmentation By Type of Expenditure
11.4. Global Child Day Care Services Market, Segmentation By Age Group
12. Child Day Care Services Market Metrics
12.1. Child Day Care Services Market Size, Percentage Of GDP, 2015-2025, Global
12.2. Per Capita Average Child Day Care Services Market Expenditure, 2015-2025, Global
13. Asia-Pacific Durable Goods Wholesalers Market
14. Western Europe Durable Goods Wholesalers Market
15. Eastern Europe Durable Goods Wholesalers Market
16. North America Durable Goods Wholesalers Market
17. South America Durable Goods Wholesalers Market
18. Middle East Durable Goods Wholesalers Market
19. Africa Durable Goods Wholesalers Market
20. Child Day Care Services Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Bright Horizons Family Solutions
20.3.1.1. Company Overview
20.3.1.2. Products And Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. G8 Education
20.3.2.1. Company Overview
20.3.2.2. Products And Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Learning Care Group
20.3.3.1. Company Overview
20.3.3.2. Products And Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4. Goodstart Early Learning
20.3.4.1. Company Overview
20.3.4.2. Products And Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5. Primrose Schools
20.3.5.1. Company Overview
20.3.5.2. Products And Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers And Acquisitions In The Child Day Care Services Market
22. Market Background: Social Assistance Market
22.1. Social Assistance Market Characteristics
22.2. Social Assistance Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, By Segment, Value ($ Billion), Global
22.3. Global Social Assistance Market, 2020, By Region, Value ($ Billion)
22.4. Global Social Assistance Market, 2015-2020, 2020-2025F, 2030F, Historic And Forecast, By Region
22.5. Global Social Assistance Market, 2015-2020, 2020-2025F, 2030F, Segmentation By Type, Value ($ Billion)
23. Recommendations
23.1. Global Child Day Care Services Market In 2025- Growth Countries
23.2. Global Child Day Care Services Market In 2025- Growth Segments
23.3. Global Child Day Care Services Market In 2025- Growth Strategies
24. Appendix
24.1. NAICS Definitions Of Industry Covered In This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. The Publisher
25. Copyright And Disclaimer
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