Baby Stroller Market Size to Surpass $3,490.5 Million by 2031

The Baby stroller market size was valued at $1,996.3 million in 2021 and is projected to reach $3,490.5 million by 2031, registering a CAGR of 5.7% from 2022 to 2031.

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In recent years, people have begun to migrate from rural to urban areas in search of better lifestyle amenities such as better education, transportation, and health care. Rapid urbanization resulted in people to adopt a better way of life and an increase in consumer disposable income. Changes in lifestyles of the customers have resulted in the adoption of smart and modern baby strollers. These are important factors in the baby stroller market growth, baby stroller market forecast from 2021 to 2031.

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. Baby strollers 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 are increasing the baby stroller market opportunity in the globe.

Moreover, factors that are encouraging the baby stroller market Significant factors such as the rise in trend 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 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. The aforementioned factors are increases the baby stroller market demand.

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Key findings of the study

By product type, the light weight stroller segment is estimated to witness the fastest growth, registering a CAGR of 5.8% during the forecast period.

By age, the 6-12 months segment was dominant in 2021, accounting for 46.85% of the global baby stroller market share.

By distribution channel, the specialty store segment held the highest share in 2021 and registering a CAGR of 6.0% during the baby stroller industry forecast period.

By region, North America was the most prominent market in 2021, and is expected to grow at a significant CAGR 5.0% throughout the forecast period

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Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the baby stroller industry analysis from 2021 to 2031 to identify the prevailing baby stroller market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the baby stroller market segmentation assists to determine the prevailing market opportunities.
Baby stroller market analysis with major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global baby stroller market trends, key players, market segments, application areas, and market growth strategies.

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