Owing to benefits such as increased safety of infants and children in car and a minimized risk of fatal accidents, the global child safety market is experiencing a surge in its demand lately. Compared to more conventional options, there has been more demand for these seats.
With the need for installing safety products for children in order to prevent fatal accidents, the demand for child seats has been on a rise. The strict rules and regulations enlisted by the government also push the demand for the child seat market upwards. These factors have further propelled the demand for child seats thus, increasing the dependence on this market.
Rapid usage of child safety seats in both developed and developing countries in order to ensure the safety of the child and also align with the regulatory measures of the government fosters remarkable progress in the global child seat market. The market consistently undergoes a series of developments in order to provide better services.
Advantages such as the provision of a safe as well as a comfortable environment for children and infants especially, while traveling encourage further adoption of the child seat market in the long run. Considering these factors, it is reasonable to say that the global child seat market is growing at an appreciable compound annual growth rate (CAGR) of 7.3%. It is expected that the market might acquire a size of USD 4.56 billion during the forecast period, that is, 2021-31.
Child safety seats are usually installed in cars so as to prevent the children from falling off the seat in case of an accident. They restrict the movement of the child while lending him safety and help the parent to drive without fear of his child getting hurt. On the basis of the age and of the child, different types of child seats are available and some can be customized too. Recently, manufacturers of child seats have been manufacturing seats that have the capacity to absorb vibrations thus, protecting the child from jerks and vibrations during travel.
The significant rise in the number of road accidents happening on a daily basis is boosting the sales of child seats as people are becoming more aware and concerned about the safety of their children. They find it much more convenient to put their baby in the car with all the safety measures rather than traveling unsafely with their child.
However, there are a number of limitations that are linked to the global child seat market. Lack of awareness about this market in developing countries like India and China is a hindrance to the growth of this market. There are nearly nil laws for child safety in these countries. Apart from this, the declining birth rate in various countries may also make this market suffer in the long run. In spite of all these restraints, the market is expected to experience a considerable rate of growth with new additions and developments that might take place in the market during the forecast period, that is, 2021-31.
The key players in the global child seats market are TOPEAK Inc., Artsana Group, Thule Group, Bellelli S.R.L., RECARO Holding GmbH, Britax Child Safety Inc., Nuna International BV, Combi Corporations, Newell Brands Inc., Diono LLC, Kiwi Baby, Dorel Juvenile Group, Jane Group, Goodbye International Holdings Ltd., and Graco Children’s Products Ltd. among others. These players operate in the child seat market and adopt a number of strategies to stay in the market and establish themselves at a higher position than their competitors.
Backless Type to Remain the Most Lucrative Segment
On the basis of type, the child seat market can be segmented into high-back seats and backless seats. Amongst these, the backless car seats are expected to hold a larger share of the market as compared to the former. This is because they are economical and are preferred by a higher number of parents.
Online Sales to Yield Maximum Revenue
Online sales are the most preferred application because they allow consumers to shop at any time of the day without bounding them by the specific timings of the retail stores. The option of free delivery and delivery at the doorstep is something that lures the customers as they find it much more convenient. Manufacturers display the details of the product on their own website or on that of the e-retailers (third party). They make sure to add key features along with pictures of the product to help the customers in developing a better understanding of the product before they proceed to buy it.
Europe is Expected to Render Ample Investment Avenues
Europe is more likely than any other region to have the largest share of the market during the forecast period. This is because of the rules and regulations imposed by the government. The implementation of these policies resulted in a rise in demand for child safety seats. North America is expected to follow Europe as there are strict regulations present even today in this region.
Covid-19 Impact and Market Status
The crisis of the novel coronavirus was received by different industries in varying manners. The production process got adversely affected and the flow of raw materials was disturbed. The demand and supply chain was impacted negatively. Due to various regulatory measures imposed by the government, the manufacturers had to bear a number of challenges. The pandemic era saw a decline in the sales of automobiles, further impacting the sales of child safety seats negatively. Despite these setbacks, the global child seat market is all geared up to acquire a moderate rate of growth during the forecast period, that is, 2021-31 as the restrictions are gradually being relaxed.
Latest Innovations in the Global Child Seats Market: a Snapshot
• With children's safety as its top priority, Children's Resource and Referral of Santa Barbara County held a car seat safety event, "Get Me There Safely," in December 2022. The gathering was organised as a result of the recent occurrences in the area of children being ejected from car seats during collisions.
• In November 2022, Hyundai partnered with the Children's Hospital of Philadelphia for the latest program of car seat safety.
Child Seats Market Scope:
|Revenue forecast in 2030
|USD 4.56 billion
|CAGR of 7.3 % during 2021-2031
|Type, Application, by Distribution Channels, Regions
|North America, Europe, Asia Pacific, South America, Middle East and Africa
|Key Players Profiled
|TOPEAK Inc., Artsana Group, Thule Group, Bellelli S.R.L., RECARO Holding GmbH, Britax Child Safety Inc., Nuna International BV, Combi Corporations, Newell Brands Inc., Diono LLC, Kiwi Baby, Dorel Juvenile Group, Jane Group, Goodbye International Holdings Ltd., and Graco Children’s Products Ltd. among others
Key Segments of the Child Seats Market
By Type Overview, 2021-2031 (USD Billion)
By Application Overview, 2021-2031 (USD Billion)
- Online Sales
- Offline Sales
By End User Overview, 2021-2031 (USD Billion)
By Regional Overview, 2021-2031 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific