The global baby furniture market size is expected to grow in the forthcoming years. This information has been published by Fortune Business Insights™ in its report, titled “Baby Furniture Market, 2023- 2030”. Factors such as the growing disposable income and the increasing purchase of toddler furniture are likely to boost the demand for the product globally. Dual earning households around the world have contributed to the rising consumption of such products. For instance, according to a survey by YouGov in 2018, 55% of affluent households had dual incomes in the U.S.
Fortune Business Insights™ lists out all the baby furniture market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:
- Natart Juvenile
- FLEXA
- Lucky Baby
- Ikea
- Baby’S Dream
- Bassett
- Bellini
- Child Craft Industries
- Davinci
- Delta Children
- Land Of Nod
- Million Dollar Baby
- Williams-Sonoma
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What Does the Report Contain?
The report contains details of the market focusing on the primary and secondary drivers, leading segments, regional markets, market share, etc. The prediction provided by our experts gives insight into the opportunities available in the market presently. For the new entrants of the market, this report provides necessary insight and strategic advice by our experts to help in establishing themselves in the already competitive market landscape. The opinion and advice of our experts are based on primary and secondary data sources to obtain authentic inferences about the market.
Driving Factor
Increasing Purchasing Power of New Parents to Augment Market Growth
The rising purchasing power of young parents has given way to an increased demand for the baby furniture market growth. The growing demand for the product has led the manufacturers to make innovations in it. Certain innovations in the product are easy to assemble, compact, and lightweight, attracting lots of consumers. Extra features in the furniture structures such as sensors, music, built-in cameras, and others are helping the parents monitor their baby while being free to focus on other duties. According to 2020 data by the US Bureau of Labor Force, around 63% of mothers and 93% of fathers have a child under three. Owing to this, the increasing spending capacity of the parents will favor the adoption of the product during the forecast period.
Market Segmentation
The raw material segmentation of this product is wood, plastic, and metal. By type of product, it is segmented into crib, bassinet, cradle, and others. By sales channel, the division is the online store, furniture store, supermarket/hypermarket, and others. The geography of the market divides it into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
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Regional Insights
North America to Remain Dominant; Presence of Stringent Mandates to Aid Growth
North America is expected to dominate the baby furniture market share in the forecast period. It is mandatory to prepare the baby furniture before the child is born, and manufacturers work hard to attract these new parents. Various marketing campaigns and technological advances in the market are key strategies adopted by the manufacturers to grow their consumer base.
Asia Pacific is expected to showcase significant growth during the forthcoming years owing to the high birth rate in countries such as India. Rapid urbanization in the region and western influence has led to adopting such products, which traditionally were not used in these households.
The Global Baby Furniture Market Research/Analysis Report Contains Answers to your following Questions:
- Which Manufacturing Technology is used for Baby Furniture ? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Baby Furniture Market? What are Their Company Profile, Their Product Information, and Contact Information?
- What Was Global Market Status of Baby Furniture Market? What Was Capacity, Production Value, Cost and PROFIT of Baby Furniture Market?
- What Is Current Market Status of Baby Furniture Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Baby Furniture Market Trends by Taking Applications and Types in Consideration?
- What Are Projections of Global Baby Furniture Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
- What Is Baby Furniture Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Baby Furniture Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Baby Furniture Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Baby Furniture Industry?
Competitive Landscape
Prominent Players Invest in High-Quality Production to Expand Business Horizon
The major players of the market are focused on high-quality production while making innovations in the product. The demand of millennial parents to incorporate smart features in baby furniture is expected to revolutionize the product’s competitive landscape. With the introduction of various innovations such as two-in-one furniture, folding furniture, and compact furniture, expansion of the market has a high probability. Along with such dynamics in the market, the various mergers, collaboration, product launches, acquisition, partnership, and others keep the market horizon growing.
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