Baby Stroller And Pram Market in US Size to Grow by $ 95.38 mn through 2021-2025
Technavio research projects the baby stroller and pram market in US to grow by $ 95.38 mn, accelerating at a CAGR of almost 4% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Baby Stroller And Pram Market in US: Key Market Driver
One of the primary factors that will trigger the growth of the baby stroller and pram market in US size is changing lifestyles and increasing disposable incomes. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The report also evaluates the developments in the baby stroller market in Europe to glean insights into the market in focus. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Baby Stroller And Pram Market in US: Vendor Analysis
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, Baby Trend Inc., Britax, Bugaboo International BV, Combi Corp., Dorel Industries Inc., Goodbaby International Holdings Ltd., Inglesina USA Inc., Newell Brands Inc., and Nuna International BV are some of the major market participants. 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. The report also takes into account the developments in the entire baby products industry to derive insights into the market in focus.
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 a pipeline analysis of vendor operations and the impact of government regulations.
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Baby Stroller and Pram Market in US to Grow by Over $ 95 Million | Key Driver, Segment and Trend Analysis
The baby stroller and pram market in the US has the potential to grow by USD 95.38 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.30%.
This baby stroller and pram market research report of US provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (baby comfort stroller, baby buggies, baby comfort pram, baby 3 wheeler stroller, and baby tandem stroller) and distribution channel (offline and online). The baby stroller and pram market report of US also offers information on several market vendors, including Artsana Spa, Baby Trend Inc., Britax, Bugaboo International BV, Combi Corp., Dorel Industries Inc., Goodbaby International Holdings Ltd., Inglesina USA Inc., Newell Brands Inc., and Nuna International BV among others.View Free Sample Report
Market Driver: Changes in consumer lifestyles to drive growth
Changes in consumer lifestyles have led to an increase in the number of working women professionals in the US. Parents have become more involved socially and do not like to compromise on their social commitments and leisure activities. The expected increase in the women participation rate in the US workforce and the consumers' continuous demand for convenience and safety will drive the market for baby strollers and prams in the US. With increased disposable income, consumers are now investing more in high-quality baby strollers and prams, a key factor that will drive market growth during the forecast period.
Leading Product Segment: Baby comfort stroller, Baby buggies, Baby comfort pram, Baby 3 wheeler stroller, and Baby tandem stroller
The baby comfort strollers segment will be the leading product segment during the forecast period. The comfort strollers have an aluminum-framed structure that makes them a little heavier in weight. These strollers possess varied features such as large storage baskets, canopy, parent and child trays, and full recline. Most vendors operating in this space focus on making the products lightweight and easily foldable with one arm, so that they can be carried during travel by bus or other vehicles.
Key Emerging Trend: Integration of innovative features
Innovation and portfolio extension that leads to premiumization of products is one of the major baby stroller and pram market trends that will gain traction during the forecast period. Baby strollers and prams with innovative features and functionality are priced higher as compared to the regular strollers and prams. Vendors are focusing on differentiating themselves from other competitors and are manufacturing strollers with add-on features and designs. The integration of innovative features in baby strollers and prams will lead to product premiumization.
Technavio offers custom research reports with detailed insights from the perspective of global industry trends, regional market influences and supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.
Technavio also provides three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download Free Sample Report