Wilmington, Delaware, United States, Aug. 09, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global kids furniture market is projected to flourish at a CAGR of 5.7% from 2022 to 2031. As per the report published by TMR, a valuation of US$ 183.2 billion is anticipated for the market in 2031. As of 2023, the market for kids’ furniture is expected to close at US$ 117.7 billion
Increasing disposable income and growing investment in quality and well-designed furniture for children’s rooms, and surging preference for efficient and dedicated, themed spaces for kids in the form of nursery, play, and study rooms, are expected to drive the market for kids’ furniture during the forecast period.
Increasing awareness about child safety and the importance of ergonomic design drives the market. The growing demand for eco-friendly and sustainable kids' furniture, particularly in environmentally conscious regions drives the market
Increased preference for nuclear families has led to a focus on creating nurturing and engaging environments for children within the household. This has propelled the demand for kids' furniture’s in urban areas.
Don't miss out on the latest market intelligence. Get your sample copy today: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=45249
“Connect with our team of research specialists and unlock the optimal solution for driving your business growth”
Market Snapshot:
| Report Coverage | Details | |
| Market Revenue | US$ 111.4 Bn | |
| Estimated Value | US$ 183.2 Bn | |
| Growth Rate - CAGR | 5.7% | |
| Forecast Period | 2023-2031 | |
| No. of Pages | 150 Pages | |
| Market Segmentation | By Product Type, Price, Material, Application, Distribution Channel | |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, South America | |
| Companies Covered | Ashley Global Retail, LLC,, Crate and Barrel, Dream On Me, Inc., Graco, Inc., Inter IKEA Systems B.V., KidKraft, Legare, Milliard Brands, Summer Infant, Inc., Sorelle Furniture | |
Key Takeaways from the Market Study
- As of 2022, the Kid’s furniture market was valued at US$ 111.4 billion
- By product type, the cribs segment enjoys high demand, accumulating a high revenue share during the forecast period owing to the increased number of parents buying cribs for their newborns.
- Based on material, the wood segment accounts for the highest market share
- Based on the distribution channel, the online segment is expected to generate high revenue during the forecast period.
Kids Furniture: Key Trends and Opportunistic Frontiers
- The increasing need for kids furniture for schools and playschools due to increase in need for early childhood education and crèche services. Growing urbanization and increasing disposable income contribute to the expansion of the kids' furniture market
- Increase standard of living and high level of consumer affordability purchase of efficient and versatile consumer good has increased, which is likye to drive the market demand
- Ongoing research and development efforts have led to technological advancements and development to cater to specific age groups and interests
Direct Purchase This Premium Report at - https://www.transparencymarketresearch.com/checkout.php?rep_id=45249<ype=S
Kids Furniture Market – Regional Analysis
- North America holds a significant share of the kids' furniture market due to high disposable income levels and a strong emphasis on children's well-being. Urbanization and changing lifestyles have led to the demand for functional, space-saving, and aesthetically pleasing kids' furniture.
- Asia Pacific is projected to dominate the global industry during the forecast period. Rapid urbanization and rising middle-class populations are driving the growth of the kids' furniture market growth in the region. Parents in countries like China and India are investing in higher quality and more aesthetically pleasing furniture for their children.
Competitive Landscape
The kids furniture market is highly consolidated with the presence of a few market players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global kids furniture market report:
- Ashley Global Retail, LLC,
- Crate and Barrel
- Dream On Me, Inc.
- Graco, Inc.
- Inter IKEA Systems B.V.
- KidKraft
- Legare
- Milliard Brands
- Summer Infant, Inc.
- Sorelle Furniture
Key Developments in Global Kids Furniture Market
- Ashley Furniture has been focusing on creating furniture that can adapt to children's changing needs as they grow. They offer convertible cribs that can be transformed into toddler beds, daybeds, and full-size beds.
- IKEA has been focusing on sustainability in their kids' furniture offerings. They have introduced furniture lines made from sustainable materials and have been working on reducing their carbon footprint in the production process. Collaborations with designers and child psychologists have led to innovative designs that prioritize functionality and safety.
- Lil'Gaea is a startup that focuses on eco-friendly and sustainable kids' furniture. They use non-toxic and natural materials to create furniture that is safe for children and the environment.The company has been gaining attention for its innovative designs that combine aesthetics, functionality, and sustainability.
Discuss Implications for Your Industry Request Customized Research: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=45249
Kids Furniture Market – Key Segments
Product Type
- Table
- Chairs
- Beds
- Cribs
- Dresser
- Mattresses
- Others (stools, chest of drawers, etc.)
Price
- Under US$ 25
- US$ 25 - US$ 50
- US$ 50 - US$ 100
- US$ 100 - US$ 200
- Above US$ 200
Material
- Wood
- Plastic
- Metal
- Others (rattan, fiberglass, etc.)
Application
- Residential
- Commercial
Distribution Channel
- Online
- E-commerce Websites
- Company-owned Websites
- Offline
- Supermarket/Hypermarket
- Specialty Stores
- Other Retail Stores
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Read More Related Reports:
Home Textile Products Industry Growth Analysis [2023-2031] | Industry Share, Trends
Sales of Ergonomic Chair Market from 2023 to 2031 – Market Growth Analysis, Future Scenario
Industrial Protective Footwear Market Size, Trends, Analysis, Scope, Growth Drivers
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
