GITNUX MARKETDATA REPORT 2024

Childcare Industry Statistics

The childcare industry is a rapidly growing sector, with an estimated global market size of over $300 billion, driven by an increasing number of working parents seeking childcare services for their children.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we explore key statistics surrounding the childcare industry, shedding light on the significant role it plays in both national and global economies. From the substantial market sizes to the financial burdens on families, these statistics provide a comprehensive overview of the landscape of childcare services.

Statistic 1

"64% of parents with children under the age of 6 use some form of childcare in the United States."

Statistic 2

"The global childcare market size was valued at USD 445.2 billion in 2019."

Statistic 3

"In the U.S., the child care services industry was projected to reach revenue of about 57 billion U.S. dollars in 2019."

Statistic 4

"91% of children aged under 12 in daycare are in for-profit facilities."

Statistic 5

"Approximately 12.5 million children (0-5 years) are in some form of organized child care in the US."

Statistic 6

"The average weekly child care cost for one infant child is $211."

Statistic 7

"Only 10% of child care centers nationwide are accredited."

Statistic 8

"Around 20% of two-parent households in the U.S. had at least one child in child care in 2020."

Statistic 9

"About 200,000 people are employed in the childcare industry in Canada."

Statistic 10

"The childcare industry in New Zealand has grown by 4.3% from 2015 to 2020."

Statistic 11

"Typically, for every dollar spent on high-quality early childhood education, the economy is estimated to see a return of $16."

Statistic 12

"About 33% of children in Canada are in daycare centers."

Statistic 13

"In California, the cost of center-based infant care exceeds 18% of the median family income."

In conclusion, the statistics presented highlight the significant impact and importance of the childcare industry, both in the United States and globally. The data paints a picture of widespread utilization of childcare services, with a large proportion of children in organized care. The industry’s substantial market size and revenue projections underscore its economic significance. However, challenges such as high costs, limited accreditation, and disparities in access persist. Nevertheless, the potential return on investment in early childhood education suggests the benefits of prioritizing and investing in quality childcare services. These statistics emphasize the need for ongoing attention and support for the childcare sector to ensure the well-being and development of children and the overall economy.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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