Report ID: SQMIG25F2016
Report ID:
SQMIG25F2016 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|
Tables:
89 |
Figures:
76
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.
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Report ID: SQMIG25F2016