US Child Care Market

US Child Care Market is expected to grow at significant CAGR during the forecast period due to the rising number of families where both the parents are employed or forbidden by law and the stress of leaving children at home alone have led parents to enroll their children in childcare centers.

Introduction of the US Child Care Market

Childcare means taking care of infants, preschool children after school hours by another person other than their parents. The main motive of childcare is to give a secure environment to the children. Childcare can be provided in a childcare center by family, friends, and neighbors.

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Market Dynamic

Key Drivers and Emerging Trends 

The rising number of families where both the parents are employed or forbidden by law and the stress of leaving children at home alone have led parents to enroll their children in childcare centers can be some of the major factors expected to benefit the US Child Care market size. Moreover, corporate sectors are providing childcare services to their employees for achieving work- life balance, which may further support the growth of the US Child Care market.

Additionally, the care quality and unavailability of slots are significant problems among the people while choosing childcare services. Hence, childcare service providers are adopting technology solutions to help parents choose the right childcare centers for their children. For instance, childcare centers such as Bright Horizons offer a mobile solution for parents to make backup reservations whenever care is unavailable.

Restraint in the US Child Care Market

However, the shortage of caregivers in developed countries like the US is expected to be limited in the childcare market. Factors such as low salary, lack of secure employment, lack of right skills, and lack of work experience can be a further restriction in the growth of the US Child Care market.

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Type- Segment Analysis

Based on type, the Early education and daycare segment is projected to dominate the US childcare market. The demand for early education is rising, and the availability of home daycare services is helping to meet the shortage of childcare centers. For instance, companies such as ‘Rain the Growth Agency’ has sponsored a childcare show to feature a daily live childcare show in the form of an educational program including story time, exercise activities, and snack ideas.

Delivery Type- Segment Analysis

Based on Delivery Type, organized care facilities are expected to grow in the US market. Organized care facilities provide supplementary education and flexible time hours to the parents to minimize the cost of childcare. Childcare centers are providing flexible hours to support the financial status of the families, which helps them to decrease their expenditure on child daycare.

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Key Developments:

• • In 2021, American Rescue Plan has announced child tax credit is to be given to the parents in monthly instalments of USD 300 per month.

 Segments covered in the Report:

The US Child Care Market has been segmented based on Type, Delivery Type. Based on type, the market is segmented into Early care, Early Education & Daycare, Backup care. Based on Delivery Type, market is segmented into Organized Care Facilities, Home-Based Settings. 

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Key questions answered in this research report:

• • At what pace is US Child Care market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in US Child Care Market? What will be the impact of drivers and restraints in the future?
  • What are the various Delivery Types of US Child Care Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

US Child Care Market by Type

• • Early Care
  • Early Education & Daycare
  • Backup Care

US Child Care Market by Delivery Type

• • Organized Care Facilities
  • Home-Based Settings