Massachusets After School Care Market

Massachusets After School Care Market

The Massachusetts After School Care Market was valued at $528.7 million in 2020 and is anticipated to grow at a CAGR of 2.41% from 2021 to 2028. This growth is attributed to several macros and microeconomic factors such as

Proliferation in the number of working parents

With a changing economic climate, the role of housewives has become extremely important. This is because they help support their families and need to do so while taking care of their households as well. As a result, many parents - particularly housewives - are finding it increasingly difficult to spend quality time with their kids and instruct them in the ways of the world. As this trend becomes more commonplace in communities across the globe, parents need daycare centers to help them out and educate their children as well.

The needs of after-school programs help working parents remain calm in the face of their children's busy schedules. Working parents may worry about what will happen if they don't have a class to attend or a program to attend with their children every day. In this scenario, working parents may be unable to pick up their children after school because of a busy work schedule for example, and not having time for child care arrangements. Family child care providers and student providers can assist with the supervision and guidance of the child and give them the special attention needed. With these types of services, it is easier for the parents to remain at their job location as opposed to having to commute time on back roads as well as take time out from work.

Further several factors restraining the market growth include

High cost of services coupled with low affordability in rural areas

The cost of after-school care is going up, and it is becoming increasingly difficult for parents to pay the high fees associated with after-school care. To keep up with the quality of services, the after-school care centers have to spend more on skilled workers required to supervise and handle the children. In addition to these with growing competition, there are various activities that after-school care programs are offering, require additional expenses, to purchase sports equipment, to bring in qualified professionals for a particular activity, and much more. Due to these costs, the prices of the daycares are also expected to shoot up, which can create hurdles in the growth of the After-school Care Market, especially in the rural regions, as the disposable income is lower there comparatively, which decreases the ability to afford high-class After-care school programs.

Collaborations and Alliances in the Massachusetts After School Care market are expected to generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the After School Care market. The pandemic has caused a decline in new orders and a corresponding decrease in production.

This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for After School Care.

In terms of COVID-19 impact, the Massachusetts After School Care market report also includes the following data points:

Impact on Massachusetts After School Care market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Government Policies
Key Player's Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in the Massachusetts After School Care market

Key Insight in the report:
The Massachusetts After School Care market report covers an executive summary, market dynamics, COVID impact & post-COVID scenario, market size and forecast, competitive intelligence, market positioning, and Spices Type offerings.

Our report covers extensive competitive intelligence which includes the following data points:

Business Overview
Business Segment Data
Financial Data
Spices Type Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis

Massachusetts After School Care Market Segmentation:

Type
Art and Crafts
Music and Dance
Cooking
Imaginative Play
Application
Aged below 3 Years
Aged between 3 and 6 Years

Key Players Analyzed in the Report:

KinderCare Learning Companies Inc
Bright Horizons Family Solutions Inc
Salem Community Childcare Center
Kiddietime
Braintree After School Enrichment
Quincy After School Child Care
For Kids Only Afterschool
Kids’ Corner
South Shor Stars, Inc.
Inch By Inch Child Care

REPORT CONTENT:

High-level analysis of the current and future market trends and opportunities
Detailed analysis of current market drivers, restraining factors, and opportunities in the future
Massachusetts After School Care market estimates for 2020 and forecast from 2021 to 2028
Vendor market share analysis at each product Level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.

Target Audience

Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultants
Anyone interested in understanding the industry dynamics of the Massachusetts After School Care market