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U.S. Child Care Market Size, Share & Trends Analysis Report By Type (Early Care, Early Education & Daycare, Backup Care), By Delivery Type (Organized Care Facilities, Home-based Settings), And Segment Forecasts, 2023 - 2030

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    Report

  • 67 Pages
  • May 2023
  • Region: United States
  • Grand View Research
  • ID: 5830879
The U.S. child care market size is expected to reach USD 83.6 billion by 2030, expanding at a CAGR of 4.18% over the forecast period. This growth can be attributed to an increase in awareness regarding early education, high demand for early education centers, and an increase in the number of working parents.

In February 2023, a new child care bill was proposed by lawmakers of the Biden government. The bill is expected to make child care more affordable for all families across the U.S. In addition, the advancement in learning technologies for children is resulting in further opportunities for the market. For instance, Starfall, one of the popular learning tools for children, is based on advanced technology allowing children to learn art, languages, and mathematics via engaging activities & games. The software and online portal are transforming the U.S. childcare market.

The COVID-19 pandemic resulted in the closure of facilities temporarily due to restrictions by the government. The services resumed shortly, despite the risk of infection involved. This resulted in higher operating costs for the service providers. According to the Center for American Progress, a nearly 47% increase in operations cost was observed in 2020. The cost of home-based services witnessed a 70% rise since the pandemic. The high cost of services has negatively impacted the market and worsened the affordability issues.

U.S. Child Care Market Report Highlights

  • Based on type, the early education & daycare segment dominated the market in 2022. This can be attributed to the partnership by child development & early education centers with employers to support employee child care and the adoption of advised technology aiming at the transformation of just daycare into proper early education
  • Based on the delivery type, organized care facilities dominated the market in 2022. This is due to the growing requirement for more facilities as a result of the increasing number of families with both parents working and single-parent families
  • The COVID-19 pandemic has promoted home-based services, as the corporate organizations supported their employees working from home, by facilitating home-based service
  • Strategic initiatives are undertaken by key players to expand their quality of service in the U.S. For Instance, in May 2022 , Bright Horizons Family Solutions, Inc., announced an agreement for the acquisition of Only About Children, a high-quality child care services provider based in Australia, aiming to apply their quality techniques in the U.S., enhancing the quality of services


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.1.1 Segment Definition
1.1.1.1 Type
1.1.1.2 Delivery Type
1.1.2 Estimates and Forecast Timeline
1.2 Research Methodology
1.2.1 Information procurement
1.2.1.1 Purchased database
1.2.1.2 GVR’S internal database
1.2.1.3 Secondary sources
1.2.1.4 Primary research
1.3 Information or Data Analysis
1.3.1 Data Analysis Models
1.4 Market Formulation & Validation
1.5 Model Details
1.5.1 Volume price analysis
1.6 List of Secondary Sources
1.7 List of Abbreviations
1.8 Objectives
1.8.1 Objective - 1
1.8.2 Objective - 2
1.8.3 Objective - 3
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Outlook
2.3 Competitive Landscape
Chapter 3 Market Variables, Trends & Scope
3.1 Market Dynamics
3.1.1 Market Driver Analysis
3.1.1.1 High demand for childcare & early education
3.1.1.2 Trend of providing onsite care facilities
3.1.1.3 Initiatives by government organizations
3.1.2 Market Restraint Analysis
3.1.2.1 High Service Costs
3.1.2.2 Supply of child care services across the U.S.
3.2 Business Environment Analysis Tools
3.2.1 Porter’s Five Forces Analysis
3.2.2 PESTLE Analysis
3.3 Impact of COVID-19 on Child Care
3.4 Number of Licensed Child Care Centers in the U.S. by States
Chapter 4 U.S. Child Care Market: Type Estimates & Trend Analysis
4.1 U.S. Child Care Market: Type Segment Dashboard
4.2 U.S. Child Care Market: Type Movement Share Analysis, 2022 & 2030
4.3 U.S. Child Care Market Size & Forecast and Forecasts, By Type (USD Billion)
4.3.1 Early Education & Early Daycare
4.3.1.1 Early education & early daycare market, 2018 - 2030 (USD Billion)
4.3.2 Early Care
4.3.2.1 Early care market, 2018 - 2030 (USD Billion)
4.3.3 Backup Care
4.3.3.1 Backup care market, 2018 - 2030 (USD Billion)
4.3.4 Others
4.3.4.1 Other type of child care market, 2018 - 2030 (USD Billion)
Chapter 5 U.S. Child Care Market: Delivery Type Estimates & Trend Analysis
5.1 U.S. Child Care Delivery Type Market: Segment Dashboard
5.2 U.S. Child Care Delivery Type Market Share Analysis, 2022 & 2030
5.3 U.S. Child Care Market Size & Forecast and Forecasts, By Delivery Type (USD Billion)
5.3.1 Organized Care Facilities
5.3.1.1 Organized child care facilities market, 2018 - 2030 (USD Billion)
5.3.2 Home-based Settings
5.3.2.1 Home-based child care settings market, 2018 - 2030 (USD Billion)
Chapter 6 Competitive Analysis
6.1 Participant’s Overview
6.2 Financial Performance
6.3 Service Mapping
6.4 Participant Categorization
6.5 Company Market Position Analysis
6.6 Strategy Mapping
6.6.1 Mergers & acquisition
6.6.2 Partnerships & collaborations
6.6.3 Expansion
6.7 Company Profiles
6.7.1 Bright Horizons Family Solutions
6.7.1.1 Company overview
6.7.1.2 Financial performance
6.7.1.3 Service benchmarking
6.7.1.4 Strategic initiatives
6.7.2 KinderCare Learning Centers LLC.
6.7.2.1 Company overview
6.7.2.2 Financial performance
6.7.2.3 Service benchmarking
6.7.2.4 Strategic initiatives
6.7.3 Learning Care Group, Inc.
6.7.3.1 Company overview
6.7.3.2 Financial performance
6.7.3.3 Service benchmarking
6.7.3.4 Strategic initiatives
6.7.4 Spring Education Group.
6.7.7.1 Company overview
6.7.4.2 Financial performance
6.7.4.3 Service benchmarking
6.7.4.4 Strategic initiatives
6.7.5 Cadence Education
6.7.5.1 Company overview
6.7.5.2 Financial performance
6.7.5.3 Service benchmarking
6.7.5.4 Strategic initiatives
6.7.6 The Learning Experience
6.7.6.1 Company overview
6.7.6.2 Financial performance
6.7.6.3 Service benchmarking
6..6.4 Strategic initiatives
6.7.7 Childcare Network
6.7.7.1 Company overview
6.7.7.2 Financial performance
6.7.7.3 Service benchmarking
6.7.7.4 Strategic initiatives
6.7.8 Kids ‘R’ Kids
6.7.8.1 Company overview
6.7.8.2 Financial performance
6.7.8.3 Service benchmarking
6.7.8.4 Strategic initiatives
6.7.9 Primrose Schools Franchising SPE, LLC.
6.7.9.1 Company overview
6.7.9.2 Financial performance
6.7.9.3 Service benchmarking
6.7.9.4 Strategic initiatives
6.7.10 Goddard Franchisor LLC
6.7.10.1 Company overview
6.7.10.2 Financial performance
6.7.10.3 Service benchmarking
6.7.10.4 Strategic initiatives
Chapter 7 Key Market Insights
List of Tables
Table 1 List of secondary sources
TABLE 2 List of abbreviations
TABLE 3 Public child care programs
TABLE 4 U.S. Child Care market revenue estimates and forecast, by type, 2018 - 2030 (USD billion)
TABLE 5 Summer childcare options
TABLE 6 U.S. child care market revenue estimates and forecast, by delivery type, 2018 - 2030 (USD billion)
List of Figures
Fig. 1 U.S. child care segmentation
FIG. 2 Market research process
FIG. 3 Data triangulation techniques
FIG. 4 Primary research pattern
FIG. 5 Market research approaches
FIG. 6 Value chain-based sizing & forecasting
FIG. 7 QFD modeling for market share assessment
FIG. 8 Market formulation & validation
FIG. 9 Market snapshot
FIG. 10 Segment outlook
FIG. 11 Competitive landscape
FIG. 12 U.S. child care market dynamics
FIG. 13 Labor force participation rate of parents by age of the youngest child, 2019-21 annual averages
FIG. 14 Average annual childcare expenditures by households (USD, Thousands)
FIG. 15 U.S. child care market: Porter’s Analysis
FIG. 16 U.S. child care market: PESTLE Analysis
FIG. 17 U.S. child care market: Type segment dashboard
FIG. 18 U.S. child care market: Type movement share analysis
FIG. 19 Early education & early daycare market, 2018 - 2030 (USD Billion)
FIG. 20 Early care market, 2018 - 2030 (USD Billion)
FIG. 21 Backup care market, 2018 - 2030 (USD Billion)
FIG. 22 Other type of child care market, 2018 - 2030 (USD Billion)
FIG. 23 U.S. child care delivery type market: Segment dashboard
FIG. 24 U.S. child care delivery type market share analysis
FIG. 25 Organized child care facilities market, 2018 - 2030 (USD Billion)
FIG. 26 Home-based child care settings market, 2018 - 2030 (USD Billion)
FIG. 27 Service Mapping
FIG. 28 Company/competition categorization
FIG. 29 Company market position analysis
FIG. 30 Strategy mapping

Companies Mentioned

  • Bright Horizons Family Solutions
  • KinderCare Learning Centers LLC.
  • Learning Care Group, Inc.
  • Spring Education Group.
  • Cadence Education
  • The Learning Experience
  • Childcare Network
  • Kids ‘R’ Kids
  • Primrose Schools Franchising SPE, LLC.
  • Goddard Franchisor LLC

Methodology

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Table Information