About Juvenile Products
Juvenile products are products designed for residential use by infants and children under 12 years of age, such as a bassinet, booster seat, changing pad, floor playmat, highchair, highchair pad, infant bouncer, infant carrier, infant seat, infant swing, infant walker, nursing pad, and many others. These products are manufactured under strict government rules and regulations in order to avoid any health issues for infants and children. Growing urbanization and rising disposable incomes in developing nations are stimulating consumer expenditure on infant items, which is propelling the market's expansion. Market trends are also being shaped by an increasing focus on kid safety and product innovation, which includes eco-friendly materials and smart technology.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Juvenile Products market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Juvenile Products Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Juvenile Products market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Peg Perego (Italy), Goodbaby International Holdings Limited (China), Artsana Group (Italy), Dorel Industries Inc. (Canada), Stokke (Norway), Shandong Jiayin Commodity Co., Ltd. (China), Britax Child Safety, Inc. (United Kingdom), Combi USA, Inc. (United States), Inglesina USA Inc (United States) and Ergobaby (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Babybjörn (Sweden), Summer Infant, Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Juvenile Products market by Type (Infant Walkers, Carriages and Strollers, Hand-held Infant Carriers, Bassinets and Cradles, Toddler Beds, Full-Size Cribs, Play Yards/Play Pens/Non-Full-Size Baby Cribs, Bunk Beds and Others) and Region.
On the basis of geography, the market of Juvenile Products has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets will boost the Juvenile Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. 0 to 1 Year will boost the Juvenile Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Infants will boost the Juvenile Products market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand for Eco-Friendly Products
Market Growth Drivers:
High Demand for Durable Juvenile Products, Rise in the Disposable Income of the People in Developing Countries and Increased Marketing and Promotional Activities by the Manufacturers
Challenges:
Stringent Safety Requirements and Availability of the Low Quality Products in Cheaper Rates
Restraints:
High Cost of the Raw Materials Used In Juvenile Products
Opportunities:
Growing Population in Developing Regions Such As China and India, Growth in the Juvenile Product Industry and Robust Increase in Distribution Channels
Market Leaders and their expansionary development strategies
In July 2022, Dorel Juvenile, a segment of Dorel Industries and the world's largest juvenile products manufacturer, has launched Connected Suite, a collection of five smart essential products under the Safety 1st brand to help parents manage the nursery atmosphere through the Safety 1st Connected App.
In March 2019, SUMR Brands, a leading juvenile goods company offering innovative, proprietary products across a variety of categories, has announced the launch of a new consumer brand, born free, to strengthen the Company’s brand and product portfolio as well as growth outlook.
On October 5, 2021, the governor of the US state of California signed AB 652 into law to restrict PFAS in juvenile products.
Key Target Audience
Juvenile Products Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.