Latest News- Baby Cribs And Cots Market: Convertible cribs and cots is expected to lead the Product Type segment during 2024-2028

The Baby Cribs And Cots Market is being driven by Rise in disposable income and growing urbanization

The Baby Cribs And Cots Market is expected to grow at a CAGR of 4.5% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 701.2 million. In the baby cribs and cots market, there is a growing demand for eco-friendly and non-toxic products due to parents' concerns for their infants' health. Consumers are increasingly preferring cribs and cots manufactured from sustainable materials such as untreated wood and non-toxic paints, free from harmful chemicals like lead, phthalates, and formaldehyde. These toxins, commonly found in crib paints or finishes and glues, can lead to health issues such as hormone disruption, immune dysfunction, and even cancer. In response, market players are prioritizing the production of non-toxic, eco-friendly cribs and cots that adhere to the safety regulations of various countries. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product Type
  • Convertible cribs and cots
  • Standard cribs and cots
  • Potable cribs and cots
  • Multi-purpose cribs and cots
• Type
  • Traditional cribs and cots
  • Contemporary cribs and cots
  • Modern cribs and cots
  • Others
• Geography
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in disposable income and growing urbanization
• Increase in Internet penetration and online availability of baby products
• Innovation and portfolio extension leading to premiumization of products

However, the market also witnesses some limitations, which are as follows:

• Increase in availability of counterfeit products
• Safety regulations regarding baby cribs and cots
• Low affordability of cribs and cots by low-income parents

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Market Scope in Baby Cribs And Cots Market Research Report

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Research Analysis Overview

The Baby Care Journal highlights the growing Baby Cribs and Cots Market, driven by the rise of nuclear families and increasing disposable incomes. This market includes various products such as Cribs, Convertible Cribs, Toddler Beds, and Full-sized Beds, which cater to infants and young children. Strollers and Monitors are also related categories. Regulating authorities focus on safety standards, while consumers prioritize eco-friendly and sustainable products. Nuclear families, particularly working individuals, seek multifunctional solutions like Convertible Cribs. Import and export analysis, product type, material, and design are essential factors. Millennial parents prioritize child health and environmental issues, making the market dynamic and diverse.

Market Research Overview

The Baby Care segment within the parent global home furnishings market encompasses businesses involved in the production and distribution of baby care products, including cribs and cots. According to Technavio's market analysis, the home furnishings industry's size is determined by the consolidated revenue generated by manufacturers and marketers of consumer electronics, furnishings, decorative products, household appliances, and other homeware items. Factors fueling the expansion of the global home furnishings market include the growing trend of nuclear families and working individuals, as well as the increasing demand for full-sized beds and related accessories for infants. The market's growth is further propelled by the rising infrastructure development and the construction of new residential and commercial properties in major economies such as the US, China, and India.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/