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After-School Program Providers - Industry Market Research Report

  • March 2016
  • -
  • Ibisworld
  • -
  • 28 pages

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School is out: As parents return to work, demand for after-school programs will rise



Abstract

After-School Program Providers

Over the past five years, the industry has struggled to expand as a stubbornly high unemployment rate early led to only a marginal increase in per capita disposable income. Moreover, reduced government funding and the 2013 government sequester significantly constrained industry growth during the past five years. Despite these harsh conditions, both the percentage and the total number of children in the United States participating in an after-school program have been on the rise over the period. This strong demand kept the industry afloat despite poor funding conditions. Over the next five years, increased government funding and a declining unemployment rate are expected to support the After-School Program Providers industry. Moreover, increased disposable income levels will benefit industry operators, particularly after-school programs that charge tuition or membership fees. However, long-term trends, such as the gradual aging of the US population and a waning interest in community organizations among Americans is likely to subdue industry growth.

This industry organizes youth programs that take place outside of the traditional school day. After-school programs can occur at various times of the day and in a variety of places, including the school building, community centers, libraries or parks. Activities include everything from sports and study groups to performing and creative arts. As many industry operators are nonprofit organizations, they are exempt from federal income tax.

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.



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