Baby Stroller Market Size Hits $3.4 billion by 2031, Manifesting a CAGR of 5.7% from 2022 to 2031.

According to the report published by Allied Market Research, the global baby stroller market garnered $1.9 billion in 2021, and is estimated to generate $3.4 billion by 2031, manifesting a CAGR of 5.7% from 2022 to 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers a valuable guidance to leading players, investors, shareholders, and startups in devising strategies for the sustainable growth and gaining competitive edge in the market.

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The baby stroller market is anticipated to expand at the fastest rate in Asia-Pacific over the course of the forecast period due to urbanization, rising consumer standards of living, and a rise in the demand for high-end baby products. In addition, it is anticipated that the China, South Korea, Japan and India would continue to have economic growth, which will present several prospects for expansion.

Baby stroller industry have gained popularity among the generation of baby boomers. Despite the popularity, the state of innovations in the design of the baby stroller has reached different level in recent years. The basic function of a baby stroller to make parenting easier. Strollers come with different specification types and usage according to the age and needs of the toddler as well as needs of the customers which include needs based on their lifestyle. Factors that are encouraging the baby stroller market Significant factors such as the rise in the baby stroller market trends of travel among millennials and baby boomers expand the scope for easy travel with babies, accelerating the market growth rate. The single parent and nuclear families have to cope with multitasking along with taking care of their newborn or toddlers. Another important factor is that parents are willing to spend more for the toddlers.

A rise in refurbishment and leasing baby stroller market demand is expected to further propel the market growth. Nuclear families and single parents account for nearly one-third of the share of the baby strollers market. Customers are spending more on prams and strollers as a result of their fast-paced lifestyle, baby-care consciousness, and others. Consumers prefer baby stroller mostly due to the strict government regulations governing the safety standards of these strollers. The Consumer Product Safety Commission (CPSC) of the U.S. has established federal safety standards for strollers, which address the safety of various parts such as the latch/lock mechanism, wheel attachment, parking brakes, and seat belts.

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The research provides detailed segmentation of the global baby stroller market based on product type, age, distribution channel, and region. The report discusses segments and their sub-segments in detail with the help of tables and figures. Market players and investors can strategize according to the highest revenue-generating and fastest-growing segments mentioned in the report.

Based on product type, the lightweight stroller segment held the highest share in 2021, accounting for more than one-third of the global baby stroller market, and is expected to continue its leadership status during the forecast period. In addition, the same segment is expected to register the highest CAGR of 5.8% from 2022 to 2031. The report also identifies the segments such as full size stroller, jogging stroller, and double stroller.

Based on age, the 6 - 12 months segment accounted for the highest share in 2021, contributing to nearly half of the global baby stroller market, and is expected to maintain its lead in terms of revenue during the forecast period. In addition, the same segment is expected to manifest the highest CAGR of 6.1% from 2022 to 2031. The research also analyzes segments including 6 months and 12-36 months.

Based on distribution channel, the specialty store segment accounted for the highest share in 2021, holding more than two-fifths of the global baby stroller market, and is expected to continue its leadership status during the forecast period. In addition, the same segment is estimated to grow at the highest CAGR of 6.0% during the forecast period. The research also analyzes supermarket/hypermarket and e-commerce

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Based on region, North America held the largest share in 2021, contributing to more than one-third of the total baby stroller market share, and is projected to maintain its dominant share in terms of revenue in 2031. However, the Asia-Pacific region is expected to manifest the fastest CAGR of 6.9% during the forecast period. The research also analyzes regions including Europe and LAMEA.

Leading market players of the global baby stroller market analyzed in the research include Artsana Group, Baby Bunting, Britax Excelsior Limited, Dorel Juvenile, Goodbaby International, Newell Brand, Peg Perego SpA, Pigeon Corporation, Mothercare, Summer Infant, Inc.

The report provides a detailed analysis of these key players of the global baby stroller market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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