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 2025-2032


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

Kids Furniture Market Insights

Kids Furniture Market size was valued at USD 46.16 Billion in 2023 and is poised to grow from USD 48.93 Billion in 2024 to USD 195.43 Billion by 2032, growing at a CAGR of 6% during the forecast period (2025-2032).

The increase in real estate prices is expected to impact the size of houses and children's rooms, creating growth opportunities for companies that offer compact, easy-to-move, and "assemblable" furniture for kids' rooms. The COVID-19 pandemic and subsequent worldwide lockdowns and school closures have led to a surge in demand for kids' furniture, including chairs, tables, cabinets, dressers, and chests. With children attending online classes, there is now a need for a separate study space to ensure their comfort during extended school hours.

The global population rising per capita and disposable income, particularly in developing nations, is driving the expansion of the kids' furniture industry. Consumers with higher affordability are investing wisely to improve their standard of living, leading to the purchase of efficient and versatile consumer goods, which in turn boosts market growth. Furthermore, as the population continues to grow, and employment rates improve in emerging nations, a significant portion of the population can afford to spend on both essential and recreational items, contributing to the growth of the kids' furniture market. For instance, the Asia Pacific region witnessed an increase of about 23 million working people between 2017 and 2019, further driving the demand for kids' furniture in the region.

Due to the rising home prices, consumers are increasingly opting for home improvement or remodeling projects instead of purchasing new homes. The growth in home values has doubled homeowner equity, leading to homeowners feeling wealthier and more inclined to invest in home improvement projects. This trend is expected to drive the demand for kids' furniture in the foreseeable future.

US Kids Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.

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FAQs

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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