The baby safety products market share is projected to grow by USD 2.89 billion, accelerating at a CAGR of 4.4% during the forecast period. The market is fragmented due to the presence of several players and the vendors are deploying organic and inorganic growth strategies to compete in the market. Technavio's research report delineates the growth drivers that will boost market growth along with a detailed analysis of the market segments, trends, and challenges that are likely to impact market growth.
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Technavio has identified an increase in the number of government guidelines and regulations concerning baby safety as one of the key factors that will drive baby safety products market growth. The research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The baby safety products market report aims to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their businesses.
The baby safety products market is segmented by Product (Baby car seats, Baby strollers and prams, Baby cribs, and Baby monitors) and Geography (Europe, North America, APAC, South America, and MEA).
Based on the market segmentation by product, the baby safety products market size by the baby car seats segment will be significant during the forecast period. The availability of customized baby safety products will drive the baby safety products market growth in APAC over the forecast period. 32% of the market's growth will originate from APAC during the forecast period. China is the key market for baby safety products market in APAC.
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
Artsana Spa, BRITAX ROMER Kindersicherheit GmbH, Dex Products Inc., Dorel Industries Inc., Goodbaby International Holdings Ltd., Jané Group, KidKusion Inc., Newell Brands Inc., Nuna International BV, and RECARO Holding GmbH are some of the major baby safety products market. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations Download the Free PDF Sample Report