Baby Cribs and Cots Market Size, Opportunities and Challenges Forecast Year 2018–2028
Growing awareness of child safety and increasing popularity for multi-functional products are the factor driving the global baby cribs and cots market in the forecast period 2024-2028.
According
to the TechSci Research report titled "Global Baby
Cribs and Cots Market - Industry Size, Share, Trends,
Competition Forecast & Opportunities, 2028," the market
reached a valuation of USD 1.40 billion in 2022 and is expected to witness a
CAGR of 5.42% during the forecast period from 2024 to 2028. This market, an
integral segment of the childcare industry, provides essential nursery
furniture for infants. Driving factors include safety concerns, regulatory
compliance, product premiumization, urbanization, and the surge of e-commerce.
Emphasizing safety standards is a priority, and rising disposable incomes
contribute to the demand for premium features and designs. Urban living demands
space-saving solutions, fueling the popularity of convertible and modular
designs. The convenience of e-commerce and online retailing is a notable trend,
while sustainable materials and gender-neutral designs are increasingly sought
after. North America leads the market due to high birth rates and consumer
affluence.
Fundamentally,
the global baby cribs and cots market is driven by the paramount concern for
infant safety during sleep. The market responds to heightened safety concerns
among parents and caregivers, resulting in a surge in demand for cribs and cots
meeting stringent safety standards. Organizations like the Consumer Product
Safety Commission (CPSC) in the United States set rigorous guidelines to
minimize potential hazards. Manufacturers continually innovate by incorporating
features like adjustable mattress heights, teething rails, and anti-pinch
mechanisms to enhance safety. Additionally, the use of non-toxic, eco-friendly
materials addresses environmental concerns. As parents become more educated
about crib safety, they willingly invest in high-quality products offering
peace of mind.
A
significant trend in the global baby cribs and cots market is the move toward
premiumization. With rising disposable incomes, parents seek products that
fulfill functional needs while also offering aesthetic appeal and advanced
features. This shift prompts manufacturers to create cribs and cots with
innovative designs, luxury materials, and advanced technology. Premium options
often feature built-in sound systems, adjustable lighting, and convertible
designs, extending their usability. Parents are increasingly willing to invest
in high-end nursery furniture that enhances the ambiance of their baby's room.
Urbanization
is another key driver of the market, particularly in densely populated areas
where living spaces are smaller. Parents in urban settings seek compact and
space-saving crib and cot designs. Convertible options that can be easily
folded or transformed into smaller configurations are gaining popularity. These
multifunctional solutions allow parents to optimize limited space without
compromising on comfort and safety.
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The
global baby cribs and cots market is segmented based on product, material,
sales channel, regional distribution, and company. Regarding sales channels,
the online retail sector is the fastest-growing segment. The proliferation of
e-commerce platforms has led consumers to increasingly turn to online channels
for purchasing nursery furniture, a trend accelerated by the COVID-19 pandemic.
Online shopping offers convenience, extensive product choices, and the ability
to compare prices and read reviews from home. As consumer preferences continue
to shift toward online retailing, this segment is poised to remain the
fastest-growing in the baby cribs and cots market.
Major
companies operating in Global Baby Cribs and Cots Market are:
- Delta
Children's Products Corp.
- Graco
Childrens Products Inc
- Natart
Juvenile, Inc.
- Artsana
S.p.A.
- Goodbaby
International Holdings Limited
- Stokke
LLC
- Dream
On Me Inc.
- East
Coast Nursery Ltd.
- Silver
Cross (Fosun International Ltd.)
- Goodbaby
International Holdings Limited
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Mr.
Karan Chechi, Research Director with TechSci Research, stated, “The global baby
cribs and cots market is a dynamic industry influenced by various factors.
Safety remains paramount, with stringent regulatory compliance being a
challenge and driver. Rising disposable incomes drive premiumization, while
urbanization fuels demand for space-efficient designs. The rise of e-commerce
and online retailing is reshaping how consumers shop for these products.
Moreover, innovations like smart cribs and modular designs cater to changing
consumer preferences, while sustainability gains traction with eco-friendly
materials. Gender-neutral and stylish designs reflect evolving aesthetics.
North America dominates the market due to its high birth rate, affluent
population, and brand presence. Overall, this market continues to evolve to
meet the diverse and evolving needs of parents and caregivers worldwide.”
The
report titled “Baby Cribs and Cots Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Product (Portable, Convertible,
Standard, Multifunctional), By Material (Plastic, Metal, Wood, Other), By Sales
Channel (Hypermarkets/Supermarkets, Online, Specialty Stores, Others (Direct
Sales, etc.)), By Region, Competition” evaluates the future growth potential of
the global baby cribs and cots market, providing statistics and information on
market size, structure, and future market growth. The report aims to provide
cutting-edge market intelligence and help decision-makers make sound investment
decisions, identifying and analyzing emerging trends, drivers, challenges, and
opportunities in the global baby cribs and cots market.
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