Child care market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation – Technavio |


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NEW YORK, Jan. 28, 2023 /PRNewswire/ — According to Technavio, the global childcare market size is estimated to grow by USD 189.07 billion from 2022 to 2027. The market is estimated to grow at a CAGR of 12.8% during the forecast period. North America will account for 36% of the market’s growth during the forecast period 

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Global Child Care Market – Five Forces

The global child care market is fragmented, and the five forces analysis covers– 

  • Bargaining Power of Buyers 
  • The threat of New Entrants
  • Threat of Rivalry
  • Bargaining Power of Suppliers
  • Threat of Substitutes
  • Interpretation of porter’s five models helps to strategize the business, for entire details – buy the report!

Global child care market – Customer landscape 

The report includes the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global child care market – Segmentation assessment

Segment overview

Technavio has segmented the market based on type (early education and daycare, early care, and backup care), and geography (North America, Europe, APAC, South America, and Middle East and Africa) 

  • The organized care facilities segment will grow at the highest rate during the forecast period. This is attributed to the rising number of working parents, and the growing demand for child care is expected to drive the segment during the forecast period. The child care centers aim at working on the overall personality development of children. They are more likely to offer an educationally enriched curriculum that promotes literacy, language, personality, and other skills. Children also have more chances to interact with their peers socially. These advantageous elements are raising demand for organized facilities and raising the income of market merchants.

Geography Overview

By geography, the global childcare market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global child care market.

  • North America will account for 36% of the market’s growth during the forecast period. The regional market is expected to grow due to the rising millennial populations, rising female labor force participation, and rising household disposable income. Canada is also recognized as a potential market. Due to the increased employment of women and the consequent rise in dual-income families, the need for childcare has been gradually increasing.

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Global Child Care Market – Market Dynamics

Key factor driving market growth

  • The growing parent awareness of early childhood education and care is notably driving the market growth.
  • Children that receive appropriate stimulation from their parents from birth to age five outperform other kids in the long term. As a result, children who receive quality education are more likely to graduate from high school, earn better academic performance, and experience healthier, more productive lives as adults.
  • Thus, the increasing participation of parents will fuel the growth of the market during the forecast period.

Leading trends influencing the market 

  • Corporations offering corporate childcare services to their employees is an emerging trend in the market.
  • In addition to lowering work absences, employer-sponsored childcare schemes increase employee retention rates.
  • Furthermore, factors like the rising trends toward high-value services, and increasing stress on school franchisees will drive the market during the forecast period.

Major challenges hindering the market growth

  • The rise in unemployment rates is a major challenge impeding the market. 
  • The growth in the unemployment rate affects the global market in two ways. First, it reduces household income, resulting in reduced spending on child care. Second, as more parents are forced to stay at home, the demand for childcare declines.
  • In addition, due to the sharp increase in the cost of childcare services, few parents are forced to quit the job.
  • It has also been noticed that one of the main factors contributing to the fall in female involvement in the US labor market as a whole is the cost of child care

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this child care market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the childcare market between 2023 and 2027
  • Precise estimation of the size of the childcare market and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the child care market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of child care market vendors

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Child Care Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.8%

Market growth 2023-2027

USD 189.07 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

12.0

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 36%

Key countries

US, Canada, China, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Beanstalk Education Group, Benesse Holdings Inc., Bright Horizons Family Solutions Inc., Cadence Education LLC, Child Development Schools, Crestar Education Group, Fortune Kindergarten, G8 Education Ltd., Goddard Systems Inc., Goodstart Early Learning, Kids and Co., KinderCare Learning Centers LLC, Learning Care Group, Pigeonhearts Corp., Poppins Holdings Inc., Primrose School Franchising SPE LLC, Smartkidz Educare India Pvt Ltd., Spring Education Group, The Learning Experience, and Tree House Education And Accessories Ltd.

Market dynamics

Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio “Consumer Discretionary” Research Reports

Table of Contents

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Delivery
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global child care market 2017 – 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global child care market 2017 – 2021 ($ billion)
  • 4.2 Delivery Segment Analysis 2017 – 2021 
    • Exhibit 19: Historic Market Size – Delivery Segment 2017 – 2021 ($ billion)
  • 4.3 Type Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ billion)
  • 4.4 Geography Segment Analysis 2017 – 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)
  • 4.5 Country Segment Analysis 2017 – 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Delivery

  • 6.1 Market segments 
    • Exhibit 30: Chart on Delivery – Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Delivery – Market share 2022-2027 (%)
  • 6.2 Comparison by Delivery 
    • Exhibit 32: Chart on Comparison by Delivery
    • Exhibit 33: Data Table on Comparison by Delivery
  • 6.3 Organized care facilities – Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Organized care facilities – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 35: Data Table on Organized care facilities – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 36: Chart on Organized care facilities – Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Organized care facilities – Year-over-year growth 2022-2027 (%)
  • 6.4 Home-based settings – Market size and forecast 2022-2027
    • Exhibit 38: Chart on Home-based settings – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 39: Data Table on Home-based settings – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 40: Chart on Home-based settings – Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Home-based settings – Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Delivery 
    • Exhibit 42: Market opportunity by Delivery ($ billion)

7 Market Segmentation by Type

  • 7.1 Market segments 
    • Exhibit 43: Chart on Type – Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Type – Market share 2022-2027 (%)
  • 7.2 Comparison by Type 
    • Exhibit 45: Chart on Comparison by Type
    • Exhibit 46: Data Table on Comparison by Type
  • 7.3 Early education and daycare – Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Early education and daycare – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 48: Data Table on Early education and daycare – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 49: Chart on Early education and daycare – Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Early education and daycare – Year-over-year growth 2022-2027 (%)
  • 7.4 Early care – Market size and forecast 2022-2027
    • Exhibit 51: Chart on Early care – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 52: Data Table on Early care – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 53: Chart on Early care – Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Early care – Year-over-year growth 2022-2027 (%)
  • 7.5 Backup care – Market size and forecast 2022-2027
    • Exhibit 55: Chart on Backup care – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 56: Data Table on Backup care – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 57: Chart on Backup care – Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Backup care – Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Type 
    • Exhibit 59: Market opportunity by Type ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 North America – Market size and forecast 2022-2027
    • Exhibit 65: Chart on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 66: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 67: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 9.4 Europe – Market size and forecast 2022-2027
    • Exhibit 69: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 70: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 71: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 9.5 APAC – Market size and forecast 2022-2027
    • Exhibit 73: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 74: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 75: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 9.6 South America – Market size and forecast 2022-2027
    • Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 9.8 US – Market size and forecast 2022-2027
    • Exhibit 85: Chart on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 86: Data Table on US – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 87: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 9.9 Germany – Market size and forecast 2022-2027
    • Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 9.10 China – Market size and forecast 2022-2027
    • Exhibit 93: Chart on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 94: Data Table on China – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 95: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 9.11 UK – Market size and forecast 2022-2027
    • Exhibit 97: Chart on UK – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 98: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 99: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 9.12 Canada – Market size and forecast 2022-2027
    • Exhibit 101: Chart on Canada – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 102: Data Table on Canada – Market size and forecast 2022-2027 ($ billion)
    • Exhibit 103: Chart on Canada – Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Canada – Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027

11 Vendor Landscape

  • 11.2 Vendor landscape 
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 Beanstalk Education Group 
    • Exhibit 112: Beanstalk Education Group – Overview
    • Exhibit 113: Beanstalk Education Group – Product / Service
    • Exhibit 114: Beanstalk Education Group – Key offerings
  • 12.4 Benesse Holdings Inc. 
    • Exhibit 115: Benesse Holdings Inc. – Overview
    • Exhibit 116: Benesse Holdings Inc. – Business segments
    • Exhibit 117: Benesse Holdings Inc. – Key offerings
    • Exhibit 118: Benesse Holdings Inc. – Segment focus
  • 12.5 Bright Horizons Family Solutions Inc. 
    • Exhibit 119: Bright Horizons Family Solutions Inc. – Overview
    • Exhibit 120: Bright Horizons Family Solutions Inc. – Business segments
    • Exhibit 121: Bright Horizons Family Solutions Inc. – Key news
    • Exhibit 122: Bright Horizons Family Solutions Inc. – Key offerings
    • Exhibit 123: Bright Horizons Family Solutions Inc. – Segment focus
  • 12.6 Cadence Education LLC 
    • Exhibit 124: Cadence Education LLC – Overview
    • Exhibit 125: Cadence Education LLC – Product / Service
    • Exhibit 126: Cadence Education LLC – Key offerings
  • 12.7 Child Development Schools 
    • Exhibit 127: Child Development Schools – Overview
    • Exhibit 128: Child Development Schools – Product / Service
    • Exhibit 129: Child Development Schools – Key offerings
  • 12.8 Crestar Education Group 
    • Exhibit 130: Crestar Education Group – Overview
    • Exhibit 131: Crestar Education Group – Product / Service
    • Exhibit 132: Crestar Education Group – Key offerings
  • 12.9 Fortune Kindergarten 
    • Exhibit 133: Fortune Kindergarten – Overview
    • Exhibit 134: Fortune Kindergarten – Product / Service
    • Exhibit 135: Fortune Kindergarten – Key offerings
  • 12.10 G8 Education Ltd. 
    • Exhibit 136: G8 Education Ltd. – Overview
    • Exhibit 137: G8 Education Ltd. – Product / Service
    • Exhibit 138: G8 Education Ltd. – Key offerings
  • 12.11 Goddard Systems Inc. 
    • Exhibit 139: Goddard Systems Inc. – Overview
    • Exhibit 140: Goddard Systems Inc. – Product / Service
    • Exhibit 141: Goddard Systems Inc. – Key offerings
  • 12.12 Goodstart Early Learning 
    • Exhibit 142: Goodstart Early Learning – Overview
    • Exhibit 143: Goodstart Early Learning – Product / Service
    • Exhibit 144: Goodstart Early Learning – Key offerings
  • 12.13 Kids and Co. 
    • Exhibit 145: Kids and Co. – Overview
    • Exhibit 146: Kids and Co. – Product / Service
    • Exhibit 147: Kids and Co. – Key offerings
  • 12.14 KinderCare Learning Centers LLC 
    • Exhibit 148: KinderCare Learning Centers LLC – Overview
    • Exhibit 149: KinderCare Learning Centers LLC – Product / Service
    • Exhibit 150: KinderCare Learning Centers LLC – Key offerings
  • 12.15 Learning Care Group 
    • Exhibit 151: Learning Care Group – Overview
    • Exhibit 152: Learning Care Group – Product / Service
    • Exhibit 153: Learning Care Group – Key offerings
  • 12.16 Pigeonhearts Corp. 
    • Exhibit 154: Pigeonhearts Corp. – Overview
    • Exhibit 155: Pigeonhearts Corp. – Product / Service
    • Exhibit 156: Pigeonhearts Corp. – Key offerings
  • 12.17 Poppins Holdings Inc. 
    • Exhibit 157: Poppins Holdings Inc. – Overview
    • Exhibit 158: Poppins Holdings Inc. – Product / Service
    • Exhibit 159: Poppins Holdings Inc. – Key offerings

13 Appendix

  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 160: Inclusions checklist
    • Exhibit 161: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 162: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 163: Research methodology
    • Exhibit 164: Validation techniques employed for market sizing
    • Exhibit 165: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 166: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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