Industry operators provide childcare services, primarily to children aged 12 and under. The industry is fragmented, with no players enjoying a market share of over 5%. The industry returned to growth during the past five years after suffering a considerable decline prior to the start of the period. Although relatively high unemployment levels during the start of the period and falling real incomes hindered demand for industry services, the rise in childcare prices allowed revenue to grow during the past five years. The increase in the number of children aged 12 and under and government schemes to support parents' pay for childcare also contributed positively.
Companies in this industry provide childcare, mostly to children under the age of 12. This can come in the form of full-day care, occasional care, after-school care or holiday care. Childcare is increasingly supplementing education and holiday care as parents work longer hours. The industry does not cover early-years education or welfare-based social care for children.
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.