Over 2015-16, roughly 1.6 million children aged 12 and under are expected to attend some form of government-approved or government-funded childcare service. Government assistance has increased for parents who want to put their children in formal care arrangements as they return to the workforce, which has aided the Child Care Services industry over the past five years. This assistance has helped drive industry revenue growth over the past five years, with revenue expected to grow by an annualised 11.7%. In 2015-16, the industry is expected to generate revenue of $10.6 billion, up 12.2% on the previous year due to higher fees and strong growth in government funding.
Companies in this industry provide childcare. Childcare services are principally provided for children under 12 years of age and include long day care centres, family day care, occasional care, outside school-hours care and vacation care. While long day care centres providing early childhood education services as part of the government's preschool program are included in the industry, separate preschools are excluded.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.