BABY SAFETY SEATS MARKET REPORT OVERVIEW
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global baby safety seats market size was USD 3554.09 million in 2021 and market is projected to touch USD 6698.3 Million By 2031, exhibiting a CAGR of 6.54% during the forecast period.
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.
In many industrialised nations, baby safety seats are required to be fitted and are primarily intended to protect kids while they are riding in a car. These chairs provide the essential constraints for children's movement and guard against them sliding off. Different varieties of kid safety seats are offered on the market, depending on the child's age and weight. Parents are becoming more and more interested in kid safety seats with vibration-absorbing characteristics. These seats help protect the youngster from jerks and vibrations during travelling. The need for kid safety seats is expanding due to more stringent laws requiring their installation as well as the increased importance of car seats in averting tragic accidents.
COVID-19 Impact: The COVID-19 Underlying Condition Crippled the Market Growth
The COVID-19 epidemic had a negative impact on the market share for baby safety seats. The current lack of raw materials is due to disruptions in the supply chain. Due to a lack of interested investors, this has impacted the financial flow of composites. Lack of a workforce, poor transportation, and travel restrictions have all greatly decreased travel. However, the coronavirus outbreak has caused lockdown in several nations, which has a negative impact on consumer buying power. Retail stores have closed as a result of the lockout. It's possible that this had an impact on the sales of goods like kid safety seats.
LATEST TRENDS
"Major Players Offering Product Innovation and New Launches to Boost Market Growth"
In order to meet general safety criteria, major companies in the kid safety seat market throughout the world are providing clients with creative solutions. Launches of innovative new products are increasing market growth and motivating customers to purchase newborn safety equipment. A wide variety of products are readily available to meet specific needs related to baby weight and age requirements, and the market is growing as a result of these factors as well as the increasing popularity of the internet channel. Some examples of baby safety technologies are the Hello Baby video monitor, SimCam smart AI baby monitor & toddler cam, and the R542 smart car seat. Various manufacturers are launching a range of goods on the market in an effort to take advantage of the market opportunity for baby safety equipment.
BABY SAFETY SEATS MARKET SEGMENTATION
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- By Type
Based on type the baby safety seats market is classified as rearward-facing baby seat, combination seat (rearward and forward-facing), forward-facing child seat, high-backed booster seat, booster cushion and others.
- By Application
Based on application the baby safety seats market is classified as forward, rearward and others.
DRIVING FACTORS
"Rising Number of Car Accidents and Improper Use of Seat Belts to Multiply the Consumers"
The baby safety seats market is expanding as a result of an increase in auto accidents brought on by inadequate and improper use of seat belts and car seats. In the United States, deaths involving children aged one to 14 are most frequently caused by road accidents. Injury Facts reports that 675 kids under the age of 13 died in car accidents in 2017. According to the U.S. Centers for Disease Control and Prevention (CDC), the product's appropriate use can reduce the risk of baby and toddler fatalities by 71% and 54%, respectively.
"Safety Regulations by Government and Organizations to Witness Surplus Market Growth"
In the coming years, it is anticipated that increased consumer education initiatives by industry players about correct device installation and usage will increase the baby safety seats product acceptance. Additionally, groups like SAFE KIDS WORLDWIDE, the National Highway Traffic Safety Administration (NHTSA), and the National Child Passenger Safety Board have been raising awareness of child safety all around the world. For instance, the NHTSA Parents Central website offers guidance on choosing the proper car seat to guard against injuries caused by auto accidents. Due to a rise in the frequency of child fatalities, the government is enforcing new laws and safety standards. These initiatives should soon speed up the baby safety seats market growth.
RESTRAINING FACTORS
"Travel Restrictions and Worldwide Lockdown to Restrain the Market from Product Utilization"
The market's expansion might be aided by manufacturers working with major auto companies to sell kid safety seats together with e-commerce channels. However, the coronavirus outbreak has caused lockdown in several nations, which has a negative impact on consumer buying power. Retail stores have closed as a result of the lockout. It's possible that this had an impact on the sales of goods like kid safety seats.
BABY SAFETY SEATS MARKET REGIONAL INSIGHTS
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"European region to Lead Market With Stringent Laws and Presence of Key Manufacturers"
Europe dominated the baby safety seats market share and generated more than 30.0% of worldwide revenue throughout the anticipated period. Regulating organisations in Europe have created a number of strict laws and regulations regulating kid safety during the past few years. Germany, France, Portugal, Spain, Denmark, the Netherlands, Italy, and Ireland are among the nations that have made the use of the product compulsory for kids under 150 cm tall. Additionally, during the last few years, business growth has been boosted by kid safety rules in European nations. For instance, a rule in the United Kingdom mandates that all children who are less than 135 cm in height travel in car seats of the appropriate size. Children who are less than 150 cm must ride in a car seat in several nations, such as France and Germany. As a result, this area is anticipated to shortly have the greatest product penetration thus enriching the baby safety seats market growth.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- ArtsanaS.p.a (Italy)
- Diono LLC (U.S.A)
- Newell Brands Inc. (U.S.A)
- Goodbaby International Holdings Limited (China)
- Nuna International BV (Netherlands)
- Kiwi Baby Howick (New Zealand)
- BREVI MILANO S.P.A. (Italy)
- Britax Child Safety Inc (U.S.A)
- Clek Inc. (Canada)
- Mothercare Plc (U.K.)
- InfaSecure (Australia)
- Combi Inc. (Canada)
- Dorel Juvenile Group of Companies (U.S.A)
- Renolux France Industrie (France)
- Orbit Baby Inc. (U.S.A).
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 3554.09 Million in 2022 |
Market Size Value By |
US$ 6698.3 Million by 2031 |
Growth Rate |
CAGR of 6.54% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the baby safety seats market expected to touch by 2031?
The global baby safety seats market is expected to reach USD 6698.3 Million By 2031.
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What CAGR is the baby safety seats market expected to exhibit by 2031?
The baby safety seats market is expected to exhibit a CAGR of 6.54% by 2031.
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Which are the driving factors of the baby safety seats market?
The increasing number of car accidents, improper utilization of seat belts and the safety regulations by government and various organization are the driving factors of the baby safety seats market.
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Which are the top companies operating in the baby safety seats market?
Dorel Industries Inc.; Goodbaby International Holdings; UPPAbaby; RENOLUX FRANCE INDUSTRY; RECARO Holding GmbH; Newell Brands; Mothercare plc; InfaSecure; Kiwi Baby; Artsana Group and others are the top companies operating in the baby safety seats market.