Kids Furniture Market
Kids Furniture Market By Product Type (Beds, Cots & cribs, Table & Chair, Cabinet, Dressers & Chests), By Raw Material (Wood, Polymer, Metal), By Application (Commercial, Household), By Region - Global Market Insights 2019 to 2029
Kid’s Furniture Market Set for Stable Returns
Rising real estate prices accompanied by increased spending potential is expected to thrust the demand for kid’s furniture. There is a spike in demand for furniture solutions that accommodate clothes, books, toys, and other products in space efficient ways. On this backdrop, the global kid’s furniture market will grow at a CAGR of 4.1% between 2019 and 2029.
This growth can be attributed to surging preference for efficient and dedicated, themed spaces for kids in the form of nursery, play, and study rooms. Housing contractors are adopting new strategies for developing end- to-end home infrastructures. Installation of necessary and aesthetically appealing kid’s furniture by housing contractors is among top trends that point to growth opportunities.
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Sleeping Arrangement Products Garner Customer Attention
Bed, Cot, & Crib segment holds a majority market share of more than 40% of kid’s furniture sales with sluggish annual growth rate. Owing to improving economic prospects for middle-class citizens in developing nations, this segment is well poised for 1.4X gain during the forecast period.
The segment is followed by Table & Chair and Cabinet and Dresser, & Chest which collectively account for more than 45% of market share. Kid’s furniture such as table, chair, cabinet, dresser, & chest are comparatively smaller in size, can be assembled at home, and require low investments from mothers and fathers. The low-cost and space-friendly factor of these products present opportunities for manufacturers to gain increased customer traction.
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Europe Leads in Kid’s Furniture Market, South-Asia Buckling up
Global market dynamics are largely influenced by European households that collectively form a market share of more than 35%. The region is followed by East Asia and North America which together account for more than 2/5th market share. Another region worth a mention is South Asia where countries such as India are nurturing individual household economics that exhibit immense future potential.
The rising young adult population of India is giving birth to tech-savvy parents that wish to spend on purpose-built kids furniture. South Asia presents lucrative growth opportunities as the market is set to follow an upward trajectory with promising growth rate of higher than 6%.
Product Innovation – Key Differentiating Strategy
Anthropometric measurements, ergonomic designs, and scientific color palettes are few of many innovative ideas that are driving kid’s furniture manufacturing trends. Today’s information-driven world presents concerned customers that exhibit selective buying patterns. Market players are differentiating products based on factors such as environmental impact, safety, and design.
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Global Kids furniture Market: In-Depth Assessment on Key Segments
The global kids’ furniture market is segmented on the basis of product type, raw material, application and region.
By Product Type :
- Beds, Cots & cribs
- Table & Chair
- Cabinet, Dressers & Chests
By Raw Material :
By Application :
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
This taxonomy and the detailed toc prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.
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