Baby Cribs and Cots Market Size, Share, Growth, and Industry Analysis, By Type (Convertible Cribs and Cots, Multi-Purpose Cribs and Cots, Standard Cribs and Cots, and Portable Cribs and Cots), By Application (Specialty Baby Product Stores, Traditional Furniture Stores, E-Retailers), Regional Insights and Forecast to 2031

Updated On: 29 April 2024

Baby Cribs and Cots Market REPORT OVERVIEW

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The global baby cribs and cots market size was USD 1108.41 million in 2021 and the market is projected to touch USD 1786.37 million by 2031, exhibiting a CAGR of 4.89% during the forecast period. 

The global baby cribs and cots market is expected to gain remarkable growth over this forecast period. The growing consumers’ disposable income around the world, rising safety standards for babies, and increasing popularity of baby care products are some of the prominent factors driving the growth of the market. Along with this, the expansion of the e-commerce industry has significantly accelerated the market demand. Furthermore, the trend of online shopping and e-commerce platforms has made it easier for consumers to access a wide variety of cribs and cots. Thus, the market is anticipated to benefit from these factors to witness a spike in demand for the products.

COVID-19 Impact: Economic Uncertainties Reduced Consumers’ Expenses for Non-Essential Goods

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels. The pandemic restrictions immensely hit the global supply chain, particularly of non-essential goods. Also, the economic uncertainties reduced the consumer’s expenses on non-essential goods and services. Consequently, the market experienced a downturn in demand and revenue during the pandemic. While the industry may eventually recover as the situation improves, the immediate impact of COVID-19 was predominantly negative for the global market.

LATEST TRENDS

"Popularity of Convertible Cribs to Develop Market Potentials"

Convertible cribs have gained popularity due to their versatile design. This sort of crib has enhanced the demand for cribs that are designed to transform into different bed configurations as a child grows. Companies have been expanding their market research on trends and technology to adopt and promote these types of products with a strong quality and safety features. Manufactures focusing on these convertible cribs that have consistent design throughout transitions which maintains the room's aesthetics, and safety standards, offers a reliable and customizable sleeping solution from infancy to adolescence. Apart from this, the trend of technology-integrated cribs is also escalating demand for these products due to their modern and innovative approach to providing comfort, convenience, and safety for both infants and parents. These cribs incorporate various technological features to enhance the overall nursery experience and also provide parents with useful tools for monitoring and adjusting various aspects of their baby's sleep experience.

baby cribs and cots market SEGMENTATION

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• By Type

Based on type the global market can be categorized into convertible cribs and cots, multi-purpose cribs and cots, standard cribs and cots, and portable cribs and cots.

The market has a variety of cribs however, each crib has its unique advantages and features. The selection of a particular type of crib and cot may depend on factors such as available space, design preferences, the desire for added functionality, and the intention to use the crib as a long-term investment or for travel purposes.

• By Application

Based on application the global market can be categorized into specialty baby product stores, traditional furniture stores, and E-retailers.

These application categories offer different shopping experiences and advantages. Consumers can select the one that aligns with their preferences, whether it's receiving expert guidance from a specialty baby product store, exploring a range of options in a traditional furniture store, or enjoying the convenience and extensive choices of online shopping through e-retailers.

DRIVING FACTORS

"Expanding Consumer’s Disposable Income to Fuel Product Sales"

The baby cribs and cots market growth is propelling due to several significant factors. One key driver is the growing disposable income of consumers. Which allows parents to invest in high-quality and safe sleeping solutions for their infants. As disposable income increases, parents are more willing to spend on baby care products, including cribs and cots, to provide the best for their children.

"Growth of the E-Commerce Industry to Stimulate Market Demand"

Additionally, the expansion of the e-commerce industry has played a pivotal role in accelerating market demand. Online shopping and e-commerce platforms have revolutionized the way consumers access and purchase baby cribs and cots. The convenience and extensive product offerings provided by online retailers make it easier for parents to research, compare, and buy these essential items from the comfort of their homes.

RESTRAINING FACTOR

"High Price of the Product Can Restrict Market Progress"

Despite the growing market demand, some present restraining factors can slow down the market potential. The high price of the product and the availability of alternative sleep solutions for babies such as bassinets, and co-sleepers are some of the main constraints of the market that may impact the growth of this market.

baby cribs and cots market REGIONAL INSIGHTS

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"North America Dominates the Market due to a Strong Emphasis on Safety Standards"

According to market research, North America has been a leading market for baby cribs and cots and is projected to account for the largest baby cribs and cots market shares over this forecast. Factors such as strong consumer purchasing power, a strong emphasis on safety standards, and the demand for innovative, high-quality nursery furniture are attributed to augment the growth of the market in this region. In addition, manufacturers and retailer in the nursery furniture industry are also thriving the market by offering a wide range of smart cribs and cots in the region.

KEY INDUSTRY PLAYERS

"Key Players’ Collaboration Strategies with E-Commerce Platforms & Retailers Shaping Market Dynamics"

Leading companies in the global marketplace for baby cribs and cots strive to maintain their position through a combination of strategies. They prioritize product innovation, ensuring their offerings meet evolving consumer needs, especially in terms of safety, design, and functionality. Prominent companies adhere to and exceed stringent safety standards, maintain high product quality, engage with consumers for feedback, and establish strong branding and marketing. Moreover, they also build strategic partnerships with distribution networks and retailers, expand globally, embrace sustainability, offer customization options, provide excellent customer service, and remain adaptable to market trends. 

List of Market Players Profiled

• Silver Cross (U.K.)
• Kolcraft (U.S.)
• Storkcraft (Canada)
• Babys Dream Furniture (Gorgia)
• Chicco (Italy)
• Delta Children (U.S.)

INDUSTRIAL DEVELOPMENT

March 2022: Evenflo, a company specializing in infant and children's products, introduced the All4One DLX, a versatile 4-in-1 baby car seat featuring integrated SensorSafe technology that provides real-time updates.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.