Child Day-Care Centres in the UK
Over the five years through 2023-24, child day-care centre revenue is projected to fall at a compound annual rate of 3.3% over the five years through 2023-24 to £4.4 billion, including a forecast jump of 0.7% in 2023-24. A falling number of children aged 10 and under has limited demand. Centres were greatly affected by the COVID-19 pandemic. National lockdowns, remote working and fear among parents regarding infection rates in childcare settings reduced demand for services over the two years through 2021-22. The lifting of all restrictions in February 2022 and falling infection rates are supporting a rise in industry demand and revenue in 2023-24.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook