USD 10.86 Billion
Kids Storage Furniture Market Size, Share, Growth Analysis, By Type(Toy storage, and Bookshelves), By Distribution Channel(Offline retail, and Online retail), By Material(Wood, Plastic, and Fabric), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30L2116 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
88
|Figures:
76
Kids Storage Furniture Market Insights
Global Kids Storage Furniture Market size was valued at USD 10.86 Billion in 2022 and is poised to grow from USD 13.06 Billion in 2023 to USD 57.31 Billion by 2031, at a CAGR of 20.30% during the forecast period (2024-2031).
Kids storage furniture is designed to help keep children's rooms organized and tidy. These pieces of furniture are typically designed with child-friendly features such as bright colors, fun shapes, and easy-to-use drawers and compartments. Some popular types of kid’s storage furniture include toy chests, bookcases, and cubbies. When choosing kids storage furniture, it is important to consider factors such as durability, safety, and the amount of storage space needed. The increasing cost of homes has led to a rise in home improvement and renovation projects rather than purchasing new properties. Homeowner equity has doubled due to the increase in property values, indicating a willingness among homeowners to invest in home improvement. As a result, the demand for home renovation project leads has risen. Manufacturers create products that provide a suitable environment for studying, working, playing, sleeping, or relaxing. As real estate prices continue to rise, there is expected to be an increase in spending on lightweight, portable, and easy-to-assemble furniture for children's rooms. Additionally, consumers are increasingly interested in 3D-printed furniture that can be customized to their individual décor needs. The trend toward eco-friendly furniture is also growing in popularity among manufacturers and consumers.
US Kids Storage Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Toy storage
Fastest Growth
Toy storage
Growth Rate
20.30% CAGR
Global Kids Storage Furniture Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Kids Storage Furniture Market Segmental Analysis
Global Kids Storage Furniture market is segmented by packaging type, distribution channel, material, and region. Based on type, the Kids Storage Furniture Market can be segmented into Toy storage, and Bookshelves. Based on distribution channel, the market is segmented into Offline retail and Online retail. Based on material, the Kids Storage Furniture Market is segmented into wood, plastic, and fabric. Based on region, the Kids Storage Furniture Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Kids Storage Furniture Market Analysis by Type
By type, the market can be segmented into Toy storage and Bookshelves. Toy storage segment dominated the market owing to the increasing demand for toy chests, organizers, and bins that are specifically designed to store children's toys. As children tend to have a lot of toys, parents are seeking storage solutions that can help them organize their children's toys and keep their rooms clean and clutter-free. Toy storage products are available in a wide range of sizes, shapes, and designs, catering to consumers’ varied needs. Additionally, toy storage products are often marketed as part of a larger furniture set that includes other storage solutions such as bookshelves and closet organizers, which further drives the demand for this segment.
Bookshelves segment is the fastest-growing segment due to the increasing emphasis on education and reading among parents, which drives the demand for bookcases and bookshelves designed to store children's books and other reading materials. The rise of e-learning and online education has also increased the demand for bookshelves and bookcases that can store electronic devices such as tablets and laptops. Additionally, bookshelves are often marketed as a versatile storage solution that can be used to display decorative items and personal belongings, which further drives the demand for this segment. With the increasing popularity of minimalist and modern interior design, bookshelves are expected to continue to grow in popularity as a functional and aesthetic storage solution for children's rooms.
Kids Storage Furniture Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail and online retail. The offline retail segment dominated the market as brick-and-mortar stores such as furniture stores, department stores, and specialty stores have existed for a long time and are trusted by consumers. These stores allow consumers to physically examine the products before making a purchase, which helps to build trust and confidence in the products. Additionally, offline stores often have knowledgeable staff who can provide consumers with personalized advice and recommendations on the best storage solutions for their children's rooms.
Online retail is the fastest-growing segment in the market due to the increasing popularity of e-commerce and online shopping. Online retail offers consumers the convenience of shopping from the comfort of their homes and provides access to a wider range of products and brands. Additionally, online retail offers competitive pricing and promotions, which often attracts price-conscious consumers. The rise of mobile shopping has also led to an increase in online retail sales, as consumers can now shop on-the-go using their smartphones and tablets.
Global Kids Storage Furniture Market Size By Type, 2021 (%)
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Kids Storage Furniture Market Regional Insights
North America dominated the global market due to its stable economic growth and high consumer demand. The United States is the dominant country in North America, accounting for the largest share of the region's economy. In terms of the furniture market, the United States is the leading market, followed by Canada and Mexico. The region has a well-established infrastructure, advanced technology, and a highly skilled workforce, making it an attractive market for furniture manufacturers.
On the other hand, APAC is a rapidly growing region with a diverse and expanding market. The region is home to some of the world's fastest-growing economies, including China, India, and Southeast Asia. The furniture market in APAC is expected to grow significantly due to the region's rising population, urbanization, and economic development.
Global Kids Storage Furniture Market By Geography, 2021-2030
- Largest
- Fastest
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Kids Storage Furniture Market Dynamics
Kids Storage Furniture Market Drivers
Rise in disposable income
- One significant driver of the growth of the furniture market is the rise in disposable income worldwide. As incomes increase, consumers are more likely to spend money on home furnishings and renovation projects, which drives demand for furniture. This trend is particularly evident in emerging economies such as China and India, where rising middle-class populations and urbanization contribute to the furniture market's growth. Additionally, increasing awareness about eco-friendly and smart furniture is driving demand for innovative and sustainable products, further contributing to the growth of the furniture market.
Kids Storage Furniture Market Restraints
Volatility of raw material prices
- One significant restraint on the growth of the furniture market is the volatility of raw material prices. The furniture industry relies heavily on natural resources such as wood, leather, and metal, which are subject to price fluctuations. As a result, furniture manufacturers may face challenges in maintaining consistent pricing and profitability. Additionally, the high cost of raw materials may discourage some consumers from purchasing furniture, particularly in low-income or price-sensitive markets. These factors can contribute to uncertainty and unpredictability in the furniture market, hindering its growth potential.
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Kids Storage Furniture Market Competitive Landscape
The global furniture market is highly fragmented, with a large number of small and medium-sized manufacturers and retailers operating in the industry. These companies compete on the basis of product design, quality, pricing, and brand image. Many furniture companies are investing in research and development to create innovative, eco-friendly, and technologically advanced products to meet changing consumer demands. Moreover, online sales channels are becoming increasingly important for furniture companies to reach a wider customer base and enhance their market presence. The competitive landscape of the furniture market is expected to remain intense, with companies vying for market share through strategic partnerships, mergers and acquisitions, and other growth strategies.
Kids Storage Furniture Market Top Player’s Company Profiles
- IKEA
- Delta Children
- KidKraft, Inc.
- The Land of Nod
- Little Tikes
- Ameriwood Home
- KidCo, Inc.
- Sauder Woodworking Co.
- South Shore Furniture
- Maxwood Furniture, Inc.
- Haba USA
- Sebra Interiør ApS
- P'kolino LLC
- Whitney Brothers
- Oeuf LLC
- DaVinci
- Dorel Industries Inc.
- Tot Tutors, Inc.
- Room Magic
- Gami
Kids Storage Furniture Market Recent Developments
- In March 2023, The Home Depot announced the launch of its new line of kids' storage furniture, including bookshelves and closet organizers.
- In January 2023, Wayfair announced an investment in its supply chain infrastructure to improve delivery times for its kids' storage furniture products.
- In September 2022, Amazon announced a new partnership with Pottery Barn Kids to offer exclusive storage solutions for kids' rooms.
- In July 2022, The Container Store announced a new line of modular storage solutions for kids' rooms, featuring customizable shelves and drawers.
- In May 2022, Kmart announced a new line of kids' storage furniture, including closet organizers and toy storage solutions.
Kids Storage Furniture Key Market Trends
- One key market trend in the global furniture industry is the increasing demand for eco-friendly and sustainable products. Consumers are becoming more conscious of their environmental impact and are willing to pay a premium for furniture made from sustainable materials such as bamboo, reclaimed wood, and recycled plastic. In response, many furniture companies are incorporating sustainable practices into their manufacturing processes and product offerings. This trend is expected to continue as environmental concerns remain at the forefront of consumer priorities and furniture companies strive to meet their demands.
Kids Storage Furniture Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global kids storage furniture market analysis, the market is driven by an increasing number of nuclear families and the growing trend of dual-income households, which leads to higher spending power and a demand for convenient and functional furniture. Additionally, e-commerce has made it easier for consumers to purchase kids' furniture online, further boosting market growth. However, the market faces challenges such as fluctuating raw material prices and increasing competition from regional and local players. Overall, the market is expected to continue growing as consumers prioritize the safety and functionality of kids' furniture.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 10.86 Billion |
| Market size value in 2031 | USD 57.31 Billion |
| Growth Rate | 20.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 Kids Storage Furniture 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 Kids Storage Furniture 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 Kids Storage Furniture 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 Kids Storage Furniture 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 Kids Storage Furniture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Kids Storage Furniture 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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