Baby Cribs & Cots Market Steady Growth Represented by a CAGR of 6.0% During 2017-2022
Today’s parents are seeking baby cribs & cots that provide multipurpose uses, as such products are economical and convenient. Vendors in the market are introducing baby cribs & cots equipped with adjustable mattresses, as well as cribs & cots capable of transforming into toddler beds, facilitating accommodation of babies as they grow. Manufacturers are also offering several additional functionalities and features in baby cribs & cots, such as extended sleeping area, fixed wheels for better mobility, short distance between side slats so as to prevent baby’s body parts from getting through the center, and static side rails for preventing babies from rolling over.
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With growing awareness among consumers about sustainable products, vendors are now focusing on the development of eco-friendly baby cribs & cots using raw materials such as non-toxic paints and sustainable wood, depriving babies of any side effects from crib’s/cot’s constituents. In addition, parents across the globe are increasingly preferring aesthetically appealing baby cribs & cots, which in turn has led to development of a variety of styles in these cribs & cots. A major factor barring the market growth is low penetration of baby cribs & cots in underdeveloped economies, where cost of these products is the prime concern for people with low disposable income.
The global market for baby cribs & cots will exhibit an impressive CAGR throughout the forecast period (2017-2022), according to a recent research report by Fact.MR. Revenues from the market are forecast to reach approximately US$ 2,500 Mn by 2022-end.
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.
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.
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.
Report Analysis at https://www.factmr.com/report/314/baby-cribs-cots-market
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