Sales Revenue In Baby Cribs & Cots Market To Witness Growth At Robust CAGR During 2022 - 2031 : Fact.MR

Growing inclination of parents to provide safe and comfortable sleep gear is witnessing a significant surge, driving the evolution of baby cribs and cots. Rising standard of living and disposable income is leading to high openings for the sales of baby cribs and cots. Relentless development of suitable beds for babies by manufacturers is expected to further push market growth over the years to come.

Asia Pacific excluding Japan, remained to be most lucrative opportunity for market leaders, as the region tops the list by accounting 2/5 of global revenue. Over the past years, advent of baby cribs and cots with ergonomic designs and rigid & robust features has opened new avenues for baby cribs and cots. Increasing purchase of baby gear by new generation parents will fuel market growth as the years go by.

As per the revised report published by Fact.MR, the baby cribs and cots market is anticipated to surpass US$ 2.5 Bn by 2031, expanding at a CAGR of around 6.5% over the next ten years.

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Key Market Segments Covered
By Product

Standard Baby Cribs and Cots
Bassinet Baby Cribs and Cots
Convertible Baby Cribs and Cots
Portable Baby Cribs and Cots
Travel Baby Cribs and Cots
Multifunctional Baby Cribs and Cots
Specialty Baby Cribs and Cots
Other Product Types
By Sales Channel

Baby Cribs and Cots Sold at Hypermarkets/Supermarkets
Baby Cribs and Cots Sold through e-Commerce
Baby Cribs and Cots Sold at Franchised Outlets
Baby Cribs and Cots Sold at Departmental Stores
Others
By Material

Plastic Baby Cribs and Cots
Metal Baby Cribs and Cots
Wooded Baby Cribs and Cots
Other Material Types
By Region

North America
Latin America
Europe
Japan
APEJ
MEA

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Key Takeaways from Market Study

The baby cribs and cots market is anticipated to add 1.6X value by 2031.
Baby cribs and cots made of plastic material to account for major portion at the global level, and create three-fold $ opportunity over 2021-2031 as compared to 2016-2020.

Among the sales channels, departmental stores has been the lucrative opportunity for sales.

Asia Pacific excluding Japan is set to dominate market revenue in 2021, and is expected to remain the tall-standing region by gaining 130 BPS by 2031.

The market in China, Russia, and the U.S is expected to increase at around 6% CAGR each through 2031.

Due to the COVID-19 crisis, demand for baby cribs and cots was hit in 2020, which saw a decline of 2% over the 2nd and 3rd quarters of the year.

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What is the Impact of COVID-19 on the Sales of Baby Cribs and Cots?

COVID-19 has significantly hindered the sales of baby cribs and cots as a result of closure of many manufacturing units. Decline in supply of baby cribs and cots is observed making the market see a sudden dip growth in 2020. The highest dip in sales was observed in the 2nd quarter which resulted and showcased annual dip of 2.5%.

However, the manufacturers have planned their comeback after relief in lockdown restrictions, the demand growth is observed to be quiet below the par as the consumers are yet to over the effect. The market is expected to get back on track by the end of 2021 as the economies are still on their way to recover from the never foreseen disruptions.

Source - https://www.factmr.com/report/314/baby-cribs-cots-market

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