Global Baby Cribs & Cots Market Is Projected To Bring In US$ 2,500 Mn Revenue By 2022

A new report by Fact.MR projects the global baby cribs & cots market to ride on an impressive 6% CAGR during the forecast period, 2017 to 2022. Global sales of baby cribs & cots are estimated to bring in roughly US$ 2,500 Mn revenues by 2022-end.  

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Rising demand for better lifestyle is a key factor influencing growth of the baby cribs & cots market globally, particularly in developing regions. Consumers in developing countries are rapidly adopting western culture, altering their lifestyle accordingly. In addition, comparatively higher birth rates in developing countries than the developed regions have complemented to sales of baby cribs & cots. Asia-Pacific excluding Japan (APEJ) currently dominates the market, and is further expected to be the largest market for baby cribs & cots over the forecast period. Sales of baby cribs & cots in APEJ are expected to register the highest CAGR through 2022.

Convertible Baby Cribs & Cots are more Durable & Provide Higher Utility

Although standard baby cribs & cots will remain preferred among products across the globe, sales of convertible baby cribs & cots are expected to witness a relatively faster expansion through 2022. Standard baby cribs & cots are the most preferred as they are economical among all the product types. Several market players are currently focusing on providing standard cribs & cots by using high-quality materials such as maple, birch or pinewood.

Preference for convertible baby cribs & cots is gaining momentum mainly because of their capability of transforming into multiple forms, along with their provision of higher utility. Convertible baby cribs & cots are more durable and manufactured using solid wood, which make them less hazardous to baby’s health as compared to those manufactured by using metal or plastic.

Portable and travel baby cribs & cots are also expected to gain huge traction among parents across the globe, with their sales estimated to exhibit a similar CAGR as that of convertible baby cribs & cots through 2022. In addition, specialty baby cribs & cots are also expected to witness a rapid expansion in sales, although projected to account for a restively lower revenue share of the market over the forecast period.

Standard Baby Cribs & Cots to remain Most Lucrative among Products in the Market

On the basis of product type, sales of convertible, portable and travel baby cribs & cots are expected to register the fastest expansion, with portable baby cribs & cots expected to reap relatively larger revenues by 2022-end. Standard baby cribs & cots are anticipated to remain the most lucrative among products, followed by portable baby cribs & cots.

Departmental stores and hyper/super market will continue to be the dominant sales channels in the global baby cribs & cots market. Revenues from these two sales channels will collectively surpass US$ 1,000 Mn by 2022-end.

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APEJ to Remain Largest Market for Baby Cribs & Cots

Asia-Pacific excluding Japan (APEJ) is anticipated to remain the largest market for baby cribs & cots, with sales estimated to reach nearly US$ 850 Mn in revenues by 2022-end. Europe and North America will also remain lucrative for growth of the baby cribs & cots market. In contrast, Middle East & Africa (MEA) is expected to be the least lucrative region in the market over the forecast period.

Plastic will remain the most lucrative material for baby cribs & cots throughout the forecast period, followed by metal. Baby cribs & cots manufactured by using wood will account for a relatively lower revenue share of the market than those manufactured from plastic and metal during 2017 to 2022.

Competition Tracking

Fact.MR’s report on the global market for baby cribs & cots profiles key players actively participating in the market, which include Delta Enterprise Corp., Artsana S.p.A, Goodbaby International Holdings Limited, Stork Craft, Fisher-Price Inc., Graco Children’s Products Inc., Silver Cross (U.K.) Ltd., Arm’s Reach Concepts, Inc., Million Dollar Baby, Inc., and Dream On Me, Inc.

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This release was published on openPR.