Baby Cribs And Cots Market Size, Share & Trends Analysis Report By Product (Portable, Convertible, Standard, Multifunctional), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2019 - 2025
The global baby cribs & cots market size is anticipated to reach USD 1.67 billion by 2025, according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.6% from 2019 to 2025. Growing need for advance baby safety products is the key factor responsible for the growth of this market. Rising number of working individuals across developing regions, such as India, China, and Indonesia, is also projected boost the market growth.
In addition, increasing number of nuclear families in these countries will have a positive impact on the market development. Stringent safety standards incorporated by the U.S. Consumer Product Safety Commission (CPSC) have impelled manufacturers to develop products with advanced safety features. This is also anticipated to fuel the demand for baby cribs and cots, thereby augmenting market growth. For instance, in 2019, Shnuggle introduced Shnuggle Air Cot Conversion Kit, which helps convert bedside crib into a cot. The product is designed with dual view mesh sides, hypoallergenic fabrics.
The convertible cribs & cots product type segment is estimated to lead the market, accounting for the largest market share by 2025. These products can be easily converted into a standard one, day bed, children’s bed, double bed, and a small sofa. Moreover, these products are cost-effective and highly durable. In addition, product innovations in this segment are projected to drive the segment further. For instance, Kalani 4-in-1 Convertible Crib by DaVinci Baby, which can be converted into a toddler bed, day bed, and a full sized bed.
The online distribution channel segment is expected to witness the highest CAGR of 5.0% from 2019 to 2025. Rapidly expanding e-commerce sector, especially in emerging regions and increasing popularity of online retailers, such as Amazon, are estimated to boost the segment growth. In addition, extensive usage of smartphone devices and internet will also support segment growth. Asia Pacific is expected to be the fastest-growing regional market from 2019 to 2025 on account of rising number of working individuals and increased consumer disposable income levels.
Further key findings from the study suggest:
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