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After-School Program Providers  in the US - Industry Market Research Report

After-School Program Providers in the US - Industry Market Research Report

  • November 2018
  • 31 pages
  • ID: 5065208
  • Format: PDF
  • By Ibisworld

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After hours: As more parents return to work, demand for after-school programs will rise

Abstract

After-School Program Providers
Over the five years to 2018, the number of students participating in after-school activities has risen due to increased demand, a large portion of which remains unmet. Rising per capita disposable income and greater workforce participation among two-parent households have driven revenue growth for the After-School Program Providers industry. In addition, continuous revenue growth for the industry has continued to climb as more children have participated in after-school programs. Over the five years to 2023, industry revenue is anticipated to continue growing, albeit at a marginal pace. Growing per capita disposable income and sustained low unemployment will continue to support demand for industry services.

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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