Industry Analysis & Industry Trends
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 is anticipated to have grown over the past five years. Although relatively high levels of unemployment at the start of the period negatively influenced demand for industry services, the rise in childcare prices allowed revenue to grow during each of the past five years. An increasing number of children aged 12 and under and government schemes to support parents' ability to pay for childcare also contributed positively. As a result, revenue is projected to increase at a compound annual rate of 3.8% over the five years through 2016-17.
In 2016-17, revenue is anticipated to expand by 4.1% to £3.6... purchase to read more
Industry Report - Industry Products Chapter
Most childcare is provided during working hours. The absence of any educational structure other than community playgroups for children under the age of four means there is high demand for full-day care options for those in this age group.
Dedicated day-care centres
Dedicated day-care centres in their various forms account for the lion's share of industry revenue. They encompass full-day care centres, full-day care centres in children's centres and sessional day-care centres, also known playgroups or pre-school playgroups. Between them, dedicated day-care centres are expected to generate 58.5% of total industry revenue.
Full child day-care centres look after children under eight for a continuous period of four hours or more in any day on non-domestic premises. Tho.. purchase to read more