Day Care in Illinois - Industry Market Research Report

  • ID: 4578605
  • Report
  • Region: Illinois
  • 27 pages
  • IBISWorld
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Pay to play: Industry revenue will grow due to the state's high cost of child care

FEATURED COMPANIES

  • Goddard Systems Inc.
  • Learning Care Group Inc.
  • Teddy Bear Day Care
  • MORE

Day Care in Illinois

Over the five years to 2017, the Day Care industry in Illinois has struggled due to unfavorable demographics and a higher than the national average unemployment rate. Despite increasing disposable income levels, the unemployment rate in Illinois remains higher than the national average. The high cost of child care in Illinois remains one of the primary factors that discourages families from seeking center-based day care. According to a report published by Child Care Aware of America in 2015, Illinois ranks third for the most expensive child care in the United States. Additionally, Illinois currently does not offer child tax credit or child and dependent care tax credit. The industry outlook is expected to be more positive than in the previous five years, with industry revenue forecast to increase. As the state's economy continues to strengthen, disposable income will increase. With more cash on hand, households will be better equipped to afford the cost of day care services.

Industry operators provide day care services for children, primarily those under the age of five. Industry operators may also run preschool programs that prepare three and four year olds for kindergarten. However, kindergarten education is excluded from industry services, as are in-home nanny services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Goddard Systems Inc.
  • Learning Care Group Inc.
  • Teddy Bear Day Care
  • MORE
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • Bright Horizons Family Solutions Inc.
  • Kiddie Academy Child Care Learning Centers
  • Learning Care Group Inc.
  • Goddard Systems Inc.
  • Teddy Bear Day Care
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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