Global Baby Furniture Market Overview:
In today’s modern world, parents are constantly concerned about getting the best quality products in the market and doing everything right so that their babies are safe and sound. Market players are also focusing on the development of most cutting edge products according to the changing customer demands. Moreover, changing lifestyle standards and rising disposable income in developing economies expected to fuel the market growth during the forecasted period.
As per latest study released by AMA Research, the Global Baby Furniture market is expected to see growth rate of 5.8%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Adoption of Experiential Marketing Strategies by Market Players and Emphasizing On Development of Safe and Durable Baby Furniture
Market Growth Drivers:
Changing Lifestyle Standard Fueled by Rise in Disposable Income and Growing Number of Nuclear Families
Challenges:
Increasing Number of Local Manufacturers and Customer’s choice on selective buying patterns
Restraints:
Fluctuating Raw Material Prices
Opportunities:
Growing Demand for Portable and Multifunctional Baby Furniture and Rising Demand from the Developing Economies
Competitive Landscape:
The baby furniture market is competitive in nature having a large number of domestic and multinational players competing for market share with innovation in products being a major strategic approach. When it comes to babies, products are expensive and market players are looking to develop the most innovative product to increase their market share. Also, companies need to focus on the expansion of their distribution channels to increase their product availability and market penetration.
Some of the key players profiled in the report are Goodbaby (China), Delta Children (United States), Strokraft (United States), Million Dollar Baby Classic (United States), Silver Cross Ltd. (United Kingdom), Natart Juvenile, Inc. (Canada), Graco, Inc. (United States) and Dream on Me, Inc. (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Baby Furniture market by 2030. Considering Market by Distribution Channel , the sub-segment i.e. Online Retail will boost the Baby Furniture market. Considering Market by Material, the sub-segment i.e. Wood will boost the Baby Furniture market. Considering Market by Operation, the sub-segment i.e. Portable will boost the Baby Furniture market.
Latest Market Insights:
In November 2022, Delta Children partnered with Gap to create a babyGap-branded line of nursery furniture and baby gear. This collaboration aims to combine Delta Children's expertise in children's furniture with Gap's style in kids and baby apparel.
In 2021, GoodBaby International won 2 reddot awards for its POCKIT GO infant car seat carrier & POCKIT ARMOR car seat. and In 2020, Delta Enterprise Corp launched new foldable baby cots which saves a lot of space when packed up or folded while not in use.
What Can be Explored with the Baby Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Baby Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Baby Furniture
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Baby Furniture market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Baby Furniture market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Baby Furniture Manufacturers, Baby Furniture Distributors, Raw Material Suppliers, Potential Investors, Commercial Research & Development Institutions, Government Organizations, Research Organizations, and Consulting Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.