Child Care Market Overview, Development History And Forecast To 2022 Shared In Latest Research

Child Care Market - By Type (Baby And Child Day Care Centers, Pre-Kindergarten And Preschool Centers, Nursery Schools, And Overall Child Care), Market Overview And Market Players, By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global child care market reached a value of nearly $339.1 billion in 2018, having grown at a compound annual growth rate of 8.3% since 2014, and is expected to grow at a rate of 11.3% to nearly $520.4 billion by 2022.

The Key drivers of the child care market include:-
Increase In Two Working Parent Families: An increase in the numbers of families where both parents are employed and a steady change in gender roles occurred in the historic period. For instance, the proportion of families with both parents working in the USA increased from 46% in 2015 to 61.9% in 2017.

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Child Care Market Segmentation:-
By Type Of Facility
1. Baby And Child Care
2. Pre-Kindergarten And Preschool Centers
3. Nursery Schools

Pre-Kindergarten And Preschool Centers had the highest growth rate of nearly 8.9% during the historic period. The fastest growth of the pre-kindergarten and preschool centers can be attributed to the rise in the awareness levels about benefits of early leaning and care.

By Location Of Facility
1. Center-Based
2. Home-Based

By Type Of Expenditure
1. Public Expenditure
2. Private Expenditure

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By Geography - The child care market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in the child care market are
1. Bright Horizons Family Solutions, Inc.
2. KinderCare Education
3. Goodstart Early Learning
4. Primrose Schools
5. G8 Education Limited

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