USD 1.23 billion
Baby Cribs and Cots Market Size, Share, Growth Analysis, By Type(Standard Cribs, and Convertible Cribs), By Distribution Channel(Offline Retail, and Online Retail), By Material(Wood, Metal, Plastic, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25F2016 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
89
|Figures:
76
Baby Cribs and Cots Market Insights
Baby Cribs and Cots Market size was valued at USD 1.23 billion in 2022 and is poised to grow from USD 1.30 billion in 2023 to USD 2.03 billion by 2031, growing at a CAGR of 5.70% during the forecast period (2024-2031).
The market for baby care products such as strollers, monitors, and cribs is expected to experience significant growth due to the increasing demand for advanced safety features in baby products. This trend is particularly evident in nuclear families, which are becoming increasingly prevalent in developing countries. The U.S. Consumer Product Safety Commission's (CPSC) stringent safety standards have motivated manufacturers to develop products with enhanced safety features, which is expected to increase demand for baby cribs and cots and further fuel market growth.
Major companies are expected to drive product demand further through technological advancements, such as convertible cribs with 3- and 4-in-1 conversions that can be adapted into a toddler bed, day bed, and full-sized bed for babies. Babyletto's 3-in-1 convertible crib is a good example, featuring four different height adjustments and multiple mattress settings. North America is expected to retain its position as the leading market for baby care products due to its high awareness levels of advanced baby safety products. However, Asia Pacific is projected to be the fastest-growing regional market between 2023 and 2030 due to an increase in working individuals and consumer disposable income levels.
US Baby Cribs and Cots Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Standard Cribs
Fastest Growth
Convertible Cribs
Growth Rate
5.70% CAGR
Global Baby Cribs and Cots Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Baby Cribs and Cots Market Segmental Analysis
Baby Cribs and Cots Market are segmented by type, application, and region. Based on type, the Baby Cribs and Cots Market can be segmented into standard cribs, and convertible cribs. With respect to segmentation by distribution channel, the Baby Cribs and Cots Market is segmented into offline retail, and online retail. Based on material, the Baby Cribs and Cots Market can be segmented into wood, metal, plastic, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cribs and Cots Market Analysis by Type
On the basis of type, the market can be segmented into standard cribs, and convertible cribs. Standard cribs are the traditional type of cribs that are fixed and cannot be converted into other types. They are the dominating segment in the baby cribs and cots market due to their affordability, simplicity, and availability. Standard cribs are a popular choice for parents who do not want to spend extra money on convertible cribs or who do not require the versatility of a convertible crib. Moreover, standard cribs are widely available in different sizes, designs, and materials, making them a convenient choice for parents.
Convertible cribs can be converted into a toddler bed, daybed, or full-size bed, which can be used as the child grows. The convertible cribs segment is the fastest-growing segment in the baby cribs and cots market due to its versatility, longevity, and convenience. Convertible cribs are more expensive than standard cribs, but they offer long-term value by accommodating the child's growth and development. They are also available in a variety of designs and materials, making them suitable for different lifestyles and preferences.
Cribs and Cots Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail, and online retail. Offline retail refers to the traditional method of purchasing baby cribs and cots from brick-and-mortar stores such as specialty stores, supermarkets, and hypermarkets. The offline retail segment is the dominating segment in the baby cribs and cots market due to the fact that parents often want to physically see and touch the products before making a purchase. Additionally, parents may require guidance and advice from store associates when choosing the right crib or cot for their child. Offline retail also offers the advantage of immediate availability and the ability to take the product home immediately after purchase.
Online retail refers to the method of purchasing baby cribs and cots through e-commerce websites and online marketplaces. The online retail segment is the fastest-growing segment in the baby cribs and cots market due to the increasing popularity of online shopping and the convenience it offers to busy parents. Online retail allows parents to shop for products from the comfort of their own homes, compare prices and features, and read reviews from other customers. Additionally, online retail often offers a wider range of products, including international brands that may not be available in local stores. Online retail also offers the advantage of doorstep delivery, which is especially attractive to parents with limited mobility or those who live in remote areas.
Global Baby Cribs and Cots Market Size By Type, 2022 (%)
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Baby Cribs and Cots Market Regional Insights
The North American market for baby care products is expected to continue to dominate the industry throughout the forecast period due to high levels of awareness and availability of advanced baby safety products. This region has a high adoption rate of new technologies, which has led to an increase in demand for innovative baby care products. Moreover, the region has a high number of working parents who are willing to invest in high-quality and safe baby care products for their children. The presence of major players, such as Johnson & Johnson, Procter & Gamble, and Kimberly-Clark, also contributes to the dominance of the North American market.
On the other side, the Asia Pacific region is expected to be the fastest-growing market for baby care products due to an increase in the number of working parents and a rise in disposable income levels. The region has a large population of children under the age of five, which creates a significant demand for baby care products. Additionally, the increasing urbanization and changing lifestyles have led to a shift in consumer preferences towards advanced and innovative baby care products. The presence of a large number of domestic players, such as Mead Johnson, Unicharm, and Pigeon, has also contributed to the growth of the baby care products market in the region.
Global Baby Cribs and Cots Market By Geography, 2022-2030
- Largest
- Fastest
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Baby Cribs and Cots Market Dynamics
Cribs and Cots Market Drivers
Increasing demand for advanced safety features in baby products
- One major driver of the baby care products market is the increasing demand for advanced safety features in baby products. With the rising number of nuclear families and working parents, there is a greater need for high-quality and safe baby care products. Manufacturers are developing products with enhanced safety features to meet the stringent safety standards set by regulatory authorities such as the U.S. Consumer Product Safety Commission (CPSC). As a result, the demand for baby cribs, cots, strollers, and monitors is expected to increase, thereby driving the growth of the baby care products market.
Cribs and Cots Market Restraints
High cost of Products may Hinder Growth
- One major restraint of the baby care products market is the high cost associated with advanced and innovative baby care products. Consumers are often reluctant to spend a large amount of money on these products, which can limit the growth of the market. Additionally, in developing countries, the lack of awareness and availability of advanced baby safety products can act as a restraint to market growth. Moreover, the high competition in the market and the presence of counterfeit products also pose a challenge to the growth of the baby care products market.
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Baby Cribs and Cots Market Competitive Landscape
The baby cribs and cots market is highly fragmented with the presence of numerous domestic and international players. Companies are focusing on developing advanced and innovative products to cater to the changing consumer preferences and to stay ahead in the market. Strategies such as mergers and acquisitions, collaborations, and partnerships are also being adopted by companies to expand their market presence. Moreover, companies are investing in marketing and promotional activities to increase their brand awareness and to gain a competitive advantage over other players in the market.
Cribs and Cots Market Top Player’s Company Profiles
- Procter & Gamble Co. (US)
- Kimberly-Clark Corporation (US)
- Johnson & Johnson (US)
- Unicharm Corporation (Japan)
- Nestle S.A. (Switzerland)
- Pigeon Corporation (Japan)
- Mead Johnson & Company LLC (US)
- Abbott Nutrition Inc. (US)
- Dorel Industries Inc. (Canada)
- Artsana S.p.A. (Italy)
- Munchkin Inc. (US)
- Koninklijke Philips N.V. (Netherlands)
- Baby Trend Inc. (US)
- Summer Infant Inc. (US)
- Fisher-Price Inc. (US)
- Newell Brands Inc. (US)
- Graco Children's Products Inc. (US)
- Britax Childcare Holdings Ltd. (UK)
- Chicco (Italy)
Cribs and Cots Market Recent Developments
- In April 2023, Delta Children announced a partnership with Amazon to launch a new line of smart baby cribs and cots, featuring integrated technology for monitoring and soothing infants.
- In March 2023, DaVinci announced the launch of its new Summit Crib, featuring a unique and contemporary design and eco-friendly materials.
- In January 2023, Chicco announced the launch of its new Next2Me bedside crib, designed to promote bonding between parent and child during sleep.
- In November 2022, Fisher-Price announced a new line of baby cribs and cots featuring innovative designs and interactive features to promote healthy sleep habits.
- In August 2022, Babyletto announced the launch of its new Kiwi Glider and Electronic Recliner, a high-tech and stylish addition to its line of nursery furniture.
Baby Cribs and Cots Key Market Trends
- One key market trend in the baby care products industry is the increasing focus on sustainable and eco-friendly products. Consumers are becoming more environmentally conscious and are seeking products that are made using sustainable materials, are recyclable, and have minimal impact on the environment. To cater to this trend, companies are introducing products made from organic materials, such as bamboo, and are using eco-friendly packaging. Moreover, companies are also investing in sustainable manufacturing processes and are adopting circular economy models to reduce waste and promote sustainable practices throughout the product life cycle.
Baby Cribs and Cots Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per our analysis, the Global Baby Cribs and Cots Market is expected to grow significantly in the coming years, driven by factors such as increasing demand for advanced safety features in baby products and the rising number of nuclear families and working parents. The market is highly competitive, with numerous domestic and international players competing to gain market share. Companies are focusing on developing innovative and sustainable products, investing in marketing and promotional activities, and adopting strategies such as mergers and acquisitions to expand their market presence.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.23 billion |
| Market size value in 2031 | USD 2.03 billion |
| Growth Rate | 5.70% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Baby Cribs and Cots Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Baby Cribs and Cots Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Baby Cribs and Cots Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Baby Cribs and Cots Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Baby Cribs and Cots Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Baby Cribs and Cots Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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