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Baby Car Seat Market To Exceed Valuation Of US$ 7.1 Bn By 2031 - TMR

11-20-2021 12:46 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Transparency Market Research delivers key insights into the global baby car seat market. In terms of revenue, the global baby car seat market is projected to expand at a CAGR of 4.7% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global baby car seat market.

The global market for baby car seats is largely affected by numerous factors, including increasing importance of child car safety and frequent new product launches by key brands. Key manufacturers of baby car seats are focused on strong research & development to design innovative products with improved features.

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The global baby car seat market has been segmented based on product type, category, weight, age, price, distribution channel, and region. In terms of product type, the market has been divided into infant seats, combination seats, convertible seats, and booster seats. Convertible car seats are largely preferred for their application in multiple age groups. Features such as the five-point harness, LATCH system, and side impact protection are common with infant car seats and offer premium protection. The increasing consumer confidence in infant car seats, along with evolving laws and regulations regarding child car safety drives the demand for infant-only car seats.

Based on category, the market has been divided into backward facing seats and forward facing seats. The backward-facing car seat market is driven by high demand for infant-only seats and convertible seats for infants and toddlers. The three common types of backward-facing seats include infant seats, convertible seats, and all-in-one seats.

In terms of age, the market has been classified into 0 to 8 months, 9 to 16 months, 17 to 24 months, 25 to 36 months, 37 to 48 months, 49 to 60 months, and 61 to 72 months, and older than 6 years. Babies below 2 years and between 25 to 60 months were considered the prime target market, which uses major share of baby car seats. However, age is not the only criteria for car seat selection according to different industry standards. Child weight and height are also an important consideration while selecting appropriate child car seats.

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Based on distribution channel, the market has been categorized into online channel and offline channel. Online websites are likely to be an area of opportunity for baby car seat manufacturers over the forecast period. Key brands such as Britax, Mothercare plc, and Graco, are already operating their online stores. With online stores, these companies provide discount coupons, cashback opportunities, and gift cards. Furthermore, the pandemic has provided multiple opportunities to baby car seat vendors to invest in eCommerce stores.

The global baby car seat market has been divided into North America (U.S., Canada, and Rest of North America), Europe (U.K., Germany, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa (GCC Countries, South Africa, and Rest of Middle East & Africa), and South America (Brazil and Rest of South America). The demand for baby car seats in Asia Pacific is anticipated to expand at a significant CAGR followed by South America during the forecast period, owing to rising consumer awareness, penetration of global brands, and expansion of departmental stores specializing in the retailing of child care products. The baby car seat market value in Asia Pacific is anticipated to expand at a CAGR of 5.9% during 2021-2031. Among the countries in Asia Pacific, Japan is the leading market, holding major share due to the prevalence of laws and regulations for child car seats. Japanese law does require all kids aged 0-6 to be buckled into a rear-facing car seat at all times while in a car. Older children are often allowed to be in booster seats (and infants in baby seats), but those are also required to be buckled into the rear seat. Manufacturing companies and distributors are expanding their presence in countries of South America and investing in extensive promotional and advertising activities.

Key players operating in the global baby car seat market are Britax, Dorel Industries, Goodbaby Internationl Holdings Ltd., Mothercare plc, Newell Brands, Diono LLC, RENOLUX, Artsana S.p.A. (RECARO), UPPAbaby, and InfaGroup.

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

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Email: sales@transparencymarketresearch.com

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