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 Dynamics

Kids Furniture Market Drivers

Growing Population of Kids

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.

Kids Furniture Market Restraints

High Competition

The market for kid’s furniture is highly competitive, with numerous established and new players vying for market share. This may result in reduced profit and price pressure margins for market players.

Kids Furniture Market Report Snapshots

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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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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

Kids Furniture Market Dynamics

Kids Furniture Market Report Snapshots

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