Global Kids Furniture Market

Kids Furniture Market Size, Share, Growth Analysis, By Product(Beds, Storage, Cribs, Table & Chair), By Material(Wood, Polymer, and Metal), By Application(Commercial, and Household), By Region - Industry Forecast 2024-2031

Report ID: SQMIG25F2059 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 95 | Figures: 65

Kids Furniture Market Regional Insights

In the year 2022, the North American region claimed the dominant portion of revenue, exceeding 30.0%, within the worldwide market dedicated to children's furniture. The surge in the workforce within this area has notably fueled the need for children's furniture in establishments such as daycares. To illustrate, data from the U.S. Census Bureau reveals that the most recent generation to reach adulthood, the youngest millennials, achieved this milestone in 2020, constituting 28% of the total U.S. population and encompassing half of the working populace.

The Middle East and Africa region is projected to register the fastest Compound Annual Growth Rate (CAGR) of 22.8% from 2023 to 2030. The region's rapid investments in the construction sector, particularly in line with the development of smart city projects, are expected to create new opportunities for market players in the coming years. Additionally, the growing per capita income in developing countries across the region will further boost the demand for kids' furniture.

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Kids Furniture Market size was valued at USD 38.82 billion in 2022 and is poised to grow from USD 46.16 billion in 2023 to USD 184.37 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

The competitive landscape of the global kids furniture market is characterized by intense competition due to the presence of numerous international and regional players. To meet the changing preferences of consumers, many brands are shifting their focus towards trendy designs and multipurpose functions, making these products a significant part of their business. For example, in July 2021, Aldi introduced a new range of kids' garden furniture, including wooden benches, loungers, and tables. Similarly, Crate & Kids launched a kids' furniture line in the same month, catering to the needs of millennial parents. These products boast trending designs, multipurpose functions, gender-neutral styling, and sustainable materials, aligning with the evolving demands of modern consumers. 'Williams Sonoma Inc.', 'Billion Dollar Baby Co.', 'Wayfair Inc.', 'Blu Dot', 'First Cry', 'KidKraft', 'Sorelle Furniture', 'Circu Magical Furniture', 'Crate and Barrel'

The increasing global population of children is a significant driver for the kid’s furniture market. As the number of kids grows, the demand for furniture such as beds, cots, chairs, tables, and storage units also increases.

Eco-friendly and Sustainable Materials: There is a growing trend towards eco-friendly and sustainable kids' furniture materials. Consumers are increasingly conscious of environmental impact, leading to a demand for furniture made from renewable resources and non-toxic materials.

In the year 2022, the North American region claimed the dominant portion of revenue, exceeding 30.0%, within the worldwide market dedicated to children's furniture. The surge in the workforce within this area has notably fueled the need for children's furniture in establishments such as daycares. To illustrate, data from the U.S. Census Bureau reveals that the most recent generation to reach adulthood, the youngest millennials, achieved this milestone in 2020, constituting 28% of the total U.S. population and encompassing half of the working populace.

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Global Kids Furniture Market

Report ID: SQMIG25F2059

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