Baby Cribs Market size is expected to reach US$ 2,347.3 Mn by the end of 2029 | FMI

The global baby cribs market size is expected to reach ~US$ 2,347.3 Mn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at a CAGR of ~5.7% between 2019 and 2029. According to the report, rise in birth rates in developing countries and rapidly growing demand for baby safety products drives demand for baby cribs across the globe.

The report offers a comprehensive view of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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It includes in-depth insights into the baby cribs market. Some of these are:

• The estimated value of the baby cribs market was at ~US$ 1,351.8 Mn in 2019. Through the course of the report's forecast period, the market is exhibited to show a steady pace of growth.
• Regionally, North America dominates the baby cribs market globally attributed to increasing number of nuclear families led to expanding demand for baby safety products, as parents are now becoming more concerned about keeping baby alone on the bed.
• East Asia emerges as one of key markets owing to rise in per capita spending on baby care products such as monitors, strollers, cribs, and cots coupled with accelerating demand for eco-friendly products in the region.
• Rapidly growing online retailers' sales channel is expected to boost the sales of baby cribs over the forecast period.
• Companies in the market are evaluating consumer purchase pattern to understand the growing baby furniture trend. The company's focus remains on introducing multi-purpose baby cribs that come environmental friendly features.

Baby Cribs Market: Global Industry Analysis 2014-2018 & Opportunity Assessment 2019-2029

A recent market study published by Future Market Insights on the baby cribs market offers global industry analysis for 2014-2018 & opportunity assessment for 2019-2029. The study offers a comprehensive assessment of baby cribs market dynamics. After conducting a thorough research on the historical, as well as current growth parameters, the growth prospects of the market are obtained with maximum precision.

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Get Valuable Insights into Baby Cribs Market

Future Market Insights, in its new report, presents an unbiased analysis of the global baby cribs market, covering historical demand data and forecast figures for the period between 2019 and 2029. The study divulges compelling insights on the baby cribs market based on product type (standard, portable, convertible, bassinet, travel, multifunctional, and others), material type (plastic, metal, wood, and others), price range (economy, mid-range, and premium), sales channel (wholesalers/distributors, hypermarkets/supermarkets, multi-brand stores, exclusive stores, independent small stores, online retailers, and other sales channel), region (North America, Latin America, Europe, East Asia, South Asia, Oceania, Middle East & Africa).

Competitive Landscape

Key companies profiled in the baby cribs market are evaluation consumer purchasing patterns to capitalize on the growing trend of sustainable baby products. They are manufacturing eco-friendly and smart baby cribs to gain competitive edge in the industry.

Baby Cribs Market by Category

Product:

• Standard
• Portable
• Convertible
• Bassinet
• Travel
• Multifunctional
• Others

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Price Range:
• Economy
• Mid-Range
• Premium

Material:

• Plastic
• Metal
• Wood
• Others

Sales Channel:

• Direct Sales
• Modern Trade
• Convenience Stores
• Departmental Stores
• Specialty Stores
• Mono Brand Stores
• Online Retailers
• Drug Stores
• Other Sales Channels

Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• MEA

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.