The market for durable juvenile products was valued at USD 8.55 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% to reach USD 17.5 billion by 2031.
The retail consumer industry is a fast growing industry across the globe which is factored by various socio-economic factors like different geographical markets. The growth of retail market is owing to rise in population, improved financials and the increased spending capacity pattern of the consumers. These factors have collective increased the global market demand for various products.
The durable juvenile products market consists of baby products like child safety seats, cribs, strollers, tricycles and bicycles and similar other products. These products are designed for use of children below the age of twelve years. These products are aimed to give optimum security and comfort to the children along with and ease and convenience to parents.
Global Durable Juvenile Products market is growing owing to the higher income of parents that empowers them to demand for high quality product for their children. E-commerce is another reason for the substantial market growth and consumer awareness. The fact that people across the world prefer alternate resources like e-retail, websites rather than the traditional brick-and-mortar shops has caused rise in the market. With the help of smartphones and other various digital devices by use of internet, it has created an awareness about the products among the new parents. Parents now look, browse, like and buy products for their child easily without much thought. These are some of the factors that are influencing the growth of durable juvenile products market. The durable juvenile product market is also growing owing to the increased fertility rate in the region of Africa.
Durable juvenile products market size is segmented on the basis of type, application, and region. Segmentation on the basis of type is done as Strollers, Child seats and baby Carrier. The stroller type of product contributes maximum market share to the market as it is widely used by all. Child seats are also popular across the world, as it is a mandate by government in many countries. Child seat provides safety to children at the same time ensuring that drivers can focus on driving. Countries where it is not mandate to have child seats, have also accepted the product owing to its usability and security features.
Segmentation of Durable juvenile products market size on the basis of application is done as Maternity & Childcare Store, Brand Store and Supermarket. Based on region segmentation is done as United States, Canada, United Kingdom, France, Germany, China and India. The region of United States contributes to the maximum market share. Developing countries like India and China have growth prospects owing to increasing popularity of these products among users.
Some of the key players of Durable juvenile products market size are Artsana, Newell Rubbermaid, Dorel, Britax, Combi, Stokke, Goodbaby, Shenma Group, Peg Perego, Seebaby, kiddy and many others.
Durable Juvenile Products Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2031||USD 17.5 billion|
|Growth Rate||CAGR of 7.4 % during 2021-2031|
|Segment Covered||By Type, Geography|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Artsana, Newell Rubbermaid, Goodbaby, Dorel, Britax, Combi, Stokke, Shenma Group, Peg Perego, Seebaby, Artsana, BabyFirst, Ergobaby, Recaro, Mybaby, Best Baby, Inglesina, BabyBjÃ¶rn, BeSafe, Kiddy|
The various segments of Durable juvenile products market size are,
- Child Seats
- Baby Carrier
- Maternity and Childcare Store
- Brand Store
- United States
- United Kingdom