Baby Cribs & Cots Market
Baby Cribs & Cots Market By Product (Standard, Bassinet, Convertible, Portable, Travel, Multifunctional & Specialty), By Material (Plastic, Metal, Wooden), By Sales Channel, and By Region - Global Insights 2022 to 2032
Analysis of Baby Cribs & Cots market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Baby Cribs & Cots Market Outlook (2022-2032)
The global baby cribs & cots market is expected to expand slowly with a CAGR of 6.5% during the forecast period 2022-2032. In 2022, this market’s size is projected to market valuation of US$ 1.39 Billion. Observing the increasing demand, the baby cribs & cots market is expected to reach US$ 2.6 Billion by 2032.
Sleep is critical to the physical and mental well-being of newborns and young kids. It is a dynamic process of development that promotes growth, improves learning, and increases newborns' attention span, particularly during the first two years.
As a result, there is a huge increase in demand for baby cribs & cots all over the world. Baby cribs and cots are little beds meant to keep newborns and young children safe from tumbling on the ground. They also help to create a good sleeping pattern and provide restful sleep.
As a consequence of the increased demand for enhanced infant safety goods, increasing popularity and utilization of baby care items such as monitors, strollers, and cribs are likely to drive market expansion. Furthermore, an expansion in the number of nuclear families, especially in emerging nations, will benefit market growth.
The Consumer Product Safety Commission (CPSC's) strict safety rules have compelled manufacturers to produce goods with enhanced safety features. This is also expected to drive demand for baby cribs & cots, boosting market growth.
Anticipated Base Year Value (2021)
US$ 1.26 Billion
Expected Market Value (2022)
US$ 1.39 Billion
Projected Forecast Value (2032)
US$ 2.6 Billion
Global Growth Rate (2022-2032)
Expected Growth Rate of the APAC Market (2022-2032)
Anticipated Growth Rate of European Market (2022-2032)
Prominent Players in The Global Market
Thus, technology improvements by big corporations, such as convertible cribs with 3- and 4-in-1 conversions that can be transformed into a daybed, toddler bed, and full-sized bed meant for the newborns, are expected to push product demand even further.
Babyletto, for example, offers a 3-in-1 portable crib with four distinct height adjustments and multiple mattress options. Such developments and advancements are expected to propel the growth during the forecast period.
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2017-2021 Baby Cribs & Cots Market Demand Analysis vs. Forecast 2022-2032
According to market research and competitive intelligence provider Fact.MR- the market for baby cribs & cots reflected a value CAGR of 5.5% during the historical period, 2017- 2021. Globally, growing expenditure on infant items can be related to an increase in people's expendable cash.
Baby cribs and cots, being on the luxurious side of societal norms, have had moderate traction with middling demand during the historical period. However, an increase in disposable income, as well as an increase in the number of parents who are looking for baby cribs and cots, may alter the historical tendency and lead to greater demand throughout the predicted period.
During the first year, new mothers are anticipated to spend an average of $2,600 for baby gear and necessities such as sleep supplies, diapers, and formula. All of these considerations are driving buyers to purchase supplementary baby gear and sleep amenities to offer newborns with safe places to sleep, putting baby cribs and cots registry necessity.
With increasing consumer awareness of the need of providing suitable facilities for newborns, as well as the shift of end-users to eco-friendly and ecological goods, the market for baby cribs and cots is expected to rise at a strong CAGR of more than 6% during the projected period.
Prominent Growth Drivers influencing Baby Cribs & Cots Market
The increasing demand for smart cots and cribs are boosting demand
The key reason driving the expansion of the baby cribs industry is the rising quality of living and increased disposable income throughout the world. The consumer preference for environmentally friendly baby items will drive demand for metal baby cribs in the next few years.
Manufacturers' technological developments have led to the development of convertible cribs that can be converted into full-sized beds or junior beds for newborns. The growing demand for these things can be linked to the increasing number of families searching for baby cribs and cots that are affordable, comfortable, and multifunctional.
Furthermore, the incorporation of new generation technology in these baby cribs, such as sensors for monitoring and to keep the baby safe, is driving demand for advanced baby cribs. To capitalize on this trend, prominent firms are producing folding, light-weight, and compact-convertible smart cribs. This is expected to drive expansion in the baby cribs & cots industry.
Increased disposable income of the parents to accelerate demand
Increasing living standards and disposable income are important elements driving potential for makers of baby cribs and cots. The proclivity of parents to purchase baby gear and other ancillary items has prompted businesses to capitalize on the trend and gain significant traction.
Increased spending on baby gear in Europe and North America provides producers with a large pool of chances to shape the industry and achieve revenue generation potential. As a result, the Asia-Pacific region, which includes growing nations with significant growth rates in baby cribs & cots demand, would create a continuous chain of possibilities for important producers. During the forecast period, such advancements are anticipated to fuel the expansion of baby cribs & cots.
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What Could Possibly Hinder Baby Cribs & Cots market Demand?
Low disposable income in emerging countries and health concerns towards plastic to impede the market growth
One of the primary issues impeding the growth of the baby cribs and cots market is their low prevalence in developing as well as underdeveloped nations, where the cost of these items is a big worry for individuals with little disposable money.
The market for baby cribs and cots is expected to develop at a higher single-digit CAGR as the population grows. However, because of low disposable income and a lower level of life, the market may be hampered by developing nations, leaving a significant scar on the global market.
Additionally, growing environmental impacts about the use of plastics, as well as higher pricing for eco-friendly baby cribs, are expected to limit growth and act as significant hurdles for the baby cribs and cots industry.
Which Product Type is forecast to gain the Maximum Market Share?
The convertible baby cribs & cots segment will dominate the global market during the forecast period
The convertible baby cribs & cots category is expected to dominate the global baby cribs & cots market in 2022 and is likely to retain its dominance throughout the forecast period. This segment is predicted to gain a global market share of 55% by 2022.
Convertible baby cribs and cots are inexpensive and functional. They may also be transformed into other pieces of furniture such as chairs, tables, and sofas. The convertible segment is predicted to have the biggest market share since it is typically made of solid wood and can be changed into a toddler bed.
Furthermore, ongoing product innovation in the category will propel it forward. For example, the DaVinci Baby Kalani 4-in-1 Convertible Crib, which can be changed into a daybed, toddler bed, and full-sized bed. According to Fact.MR, convertible infant cot sales are predicted to reach US$ 958.6 Mn by 2022, with a 6.1% CAGR between 2022 and 2032.
What is the outlook of the Sales Channel Segment during the Forecast Period?
The supermarkets/hypermarkets will gain the dominant share of the market
In 2022, the supermarkets/ hypermarkets segment is predicted to hold the major portion of the global baby cribs & cots market by sales channel, accounting for almost 50% of the global market share.
These stores sell innovative infant safety goods such as prams, cradles, strollers, and cribs. The global expansion of hypermarkets and supermarkets will also stimulate the rise of the offline distribution channel category.
Furthermore, the parents have become quite conscious about what the child will be using. Hence they have the tendency to visit the offline stores and buy the product after investigating it properly. Such trends are expected to propel the growth during the forecast period.
What is the outlook of the APAC Baby Cribs & Cots Market?
Increasing disposable income in APAC countries will boost market demand
During the projected period, the APAC market would be the most profitable for baby cribs and cots. According to Fact.MR, the APAC market is predicted to obtain 65% of the market in 2022. Asia Pacific is predicted to be the most profitable market for baby cribs & cots suppliers, with an absolute dollar potential of roughly US$ 300 Million.
During the projected period of 2021-2031, China, which leads the Asian market, is expected to exhibit 1.3X the average Asian growth. With the rapid rise of its economy and level of life, China's interest in baby health and wellness has more than doubled in recent years. The country has a large population with diverse habits, implying that growth will be uneven. However, the availability of items at reasonable rates will drive up demand in the coming years.
Furthermore, Asia Pacific, excluding Japan, accounts for about one-third of worldwide market volume and is expected to develop faster than average due to growing population and improved living standards.
What can be expected from the European market for Baby Cribs & Cots?
Increasing demand for eco-friendly materials to boost the regional demand
The European market has evolved as one of the most lucrative markets for the sale of baby cribs and cots, with the greatest CAGR projected between 2022 and 2032. The Asian market for baby cribs and cots is estimated to rise at a 6.1% CAGR during the forecast period.
Europe ranks towards the top of the list of developed countries in terms of people's level of life, and sales of baby items such as cribs and cots exceed the worldwide average. Parents' preference for purchasing comfy baby cribs and cots to offer additional thrust. The availability of eco-friendly materials for crib and cot manufacture, as well as multifunctional features, has led to rising demand for baby cribs & cots.
Rising infant health awareness is also expected to propel growth in baby gear sales, leaving the baby cribs and cots market on a high note. Such developments will propel the demand for baby cribs & cots in this region during 2022-2032.
- Cradlewise manufactures smart cribs with integrated baby monitors that utilize artificial intelligence to understand the baby's sleep habits and adjust to changing demands. It combines a crib, monitor and a bassinet into one. The company holds two technological patents for the device in the United States and India. The technique was created in India by a startup with a group of 25 employees.
- PlayAbility Toys is a toy company that makes toys for children as well as newborns. Puppets, portable or mobile cribs, rib-it balls, picture matching games, color identification markers, paint pot palettes, and art or craft books are among their items. These are appropriate for development activities, educational reasons, and healthcare use.
- The Fisher-Price Play Lab has been able to design smart toys that aim to promote linguistic skills, cognition, causal learning, and education in each child that plays with such a Fisher-Price toy. The brand has introduced some new technologies. The Meditation Mouse, which has three relaxing modes, was created after seeing families with kids ages 2 to 5 years old engaged in meditation and mindfulness activities on-site and at home. According to the research, the cadence, length, and pace of the meditation activities needed to be altered to maximize them for youngsters. The Fisher-Price Play Lab has also discovered two main discoveries when studying how children engage with linked toys utilizing Eye Tracking and Observer XT technologies.
- Evenflo, a producer and seller of newborn and children's products, have released the All4One DLX, a 4-in-1 baby car seat, in March 2022. This All4One DLX is loaded with advanced features such as SensorSafe's integrated technology, which sends real-time notifications to four potentially dangerous conditions from the child's car seat via the phone: unforeseen chest clip unbuckling, kid unattended, dangerous temperature within the vehicle, and baby seated too long.
Key Segments Covered In the Baby Cribs & Cots Market Report
By Product :
- Other Product Types
By Sales Channel :
- Franchised Outlets
- Departmental Stores
By Material :
By Region :
- North America
- Latin America
- Middle East & Africa
- FAQs -
The global baby cribs & cots market is expected to grow with a 6.5% CAGR during 2022-2032.
The global baby cribs & cots market is currently worth more than US$ 1.26 Billion.
By 2032, the baby cribs & cots market is likely to reach a market size of US$ 2.6 Billion.
The convertible baby cribs & cots by product type category is predicted to have a 55% market share in 2022.
The supermarkets/hypermarkets segment is projected to hold a global market share of 50% in 2022.
The APAC region is predicted to acquire 65% of the global market share in 2022 and grow with a 7% CAGR during 2022-2032.
The European region is forecast to have a CAGR of 6.1% over the projection period of 2022- 2032.
From 2017-2021, the baby cribs & cots market grew at a CAGR of 5.5%.