Durable Juvenile Products Market Size, Share, Growth and Industry Analysis, By Type (Strollers, Child Seats and Baby Carrier), By Application (Maternity and Childcare Store, Brand Store, Supermarket and Mall, Online Sale and Others) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast From 2023 To 2030

Updated On: 11 September 2023

Durable Juvenile Products Market Report Overview

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The global durable juvenile products market size was USD 85.51 billion in 2021 and is projected to touch USD 141.80 billion by 2028, exhibiting a CAGR of 7.4% during the forecast period.

For kids and children under the age of twelve, sturdy juvenile products are created. These products include cots, carriers, prams, cradles, and strollers. According to product type, age group, end-user, distribution channel, and region, the market for durable items is divided. All applicable safety regulations are followed in the manufacturing of products for children and adolescents. There is strict regulation of childcare products. As a result, there are serious worries about the safety of children's items, and several nations have developed their own standards and laws. Childcare facilities and daycare services also make considerable use of a variety of kid's products, which is helping the worldwide durable juvenile products industry.

COVID-19 Impact: Online Sales of these Products Helped Manufacturers from Suffering Greater Losses

The global COVID-19 pandemic has been unprecedented and staggering; with the durable juvenile products market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to durable juvenile products market growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to lockdowns and broad travel restrictions, the pandemic had a serious impact on the durable juvenile products industry. Due to supply chain interruptions caused by the COVID-19 epidemic, players in the durable goods industry have been significantly impacted. Online sales platforms had experienced significant growth during the pandemic. Players in the sector strengthened their online presence as a result. Kids' merchandise sales started to fall off during the pandemic. Unit sales of these goods on online marketplaces increased during the coronavirus scandal.

LATEST TRENDS

"Parent Concerns Regarding Health Hazards Linked with Manufacturing Strollers is Promoting the Market for Eco-Friendly One’s"

Parents are increasingly concerned about the components used in baby strollers today to ensure that the items won't injure their children. Strollers that are eco-friendly have become quite popular among clients who are concerned about the environment. When purchasing a stroller for their newborn, parents are curious about the manufacturing procedures, health hazards linked with the chemicals used in the stroller's construction, and the stroller's potential to be reused.

RESTRAINING FACTORS

"Strict Legislations and High Cost of Development Hinder New Entrants from Entering this Market"

The strict laws and regulations that govern this business are a big hurdle for new market entrants looking to enter the market for durable juvenile products. These items have a high cost of development, and they also have a high marketing cost. The market will encounter significant difficulties in regards to the expansion of these new entrants because the requirement for investments to develop innovative items is equally substantial. Following these guidelines when it comes to clinical trials is another barrier that this new entrance must overcome. As a result of the high production costs for these goods, many new businesses struggle to turn a profit.

Durable Juvenile Products Market Segmentation

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• By Type

Based on type, the market is distributed into Strollers, Child Seats and Baby Carrier

• By Application

Based on application, the market is divided into Maternity and Childcare Store, Brand Store, Supermarket and Mall, Online Sales and Others.

DRIVING FACTORS

"Increasing Disposable Incomes and Expanding Urbanization are Predicted to Drive the Growth of the Durable Products Sector"

Durable juvenile products that last are made to be safe and comfortable for kids. Baby cots and cradles, strollers, carriers, and prams offer convenience and simplicity to parents as well as comfort to children. Global demand for durable juvenile products is being driven by rising birth rates and accelerating urbanization. Parents' improved purchasing power as a result of having more disposable income is helping the industry expand. Parents' primary concerns are their children's safety and comfort, which has boosted sales of childcare products globally. Due to expanding urbanization and the accessibility of these products on e-commerce websites, the use of durable juvenile products is increasing.

"Latest Smart Products to Generate Better Market Opportunities and Increase in Product Sales"

The development of technologically advanced youth items has been supported by a number of technical interventions. Smart products like smart strollers and smart cribs have emerged as a result of technological improvements, and it is anticipated that in the near future, these products will have better market potential. Products with cutting-edge designs and superior functions offer greater comfort and ease of use. Nowadays, more and more people are using smart products, which are anticipated to increase sales of and expand the smart durable juvenile products market growth throughout the forecast period.

Durable Juvenile Products Market Regional Insights

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"Rapidly Growing Economy and Availability of Cheap Labor are Factors Aiding Asia Pacific to Lead in the Market"

Despite the fact that the standard of living in the Asia-Pacific region has significantly improved, this region continues to be the largest consumer market for durable juvenile products. Due to its rapidly growing economy and enormous population, China will hold the largest durable juvenile products market share in the Asia Pacific area. The Asia-Pacific region is where these products' primary production facility is located. Due to the advantage of affordable labor, these producers of long-lasting goods frequently construct the factories in this area.

KEY INDUSTRY PLAYERS

"Launch of New Products and Investments in R&D Activities are some Methods Adopted by the Players to Expand their Market Reach"

The important strategic moves made by the major companies in the durable juvenile products market, including mergers and acquisitions as well as the launch of new goods and services. In addition to this, the companies are involved in alliances and joint ventures, memorandums of understanding, funding operations, and other things. In order to increase their market reach and attract more customers to purchase their products, they are also investing in R&D projects and regional expansions.

List of Market Players Profiled

• Artsana (Italy)
• Newell Rubbermaid (U.S.)
• Goodbaby (China)
• Dorel (Canada)
• Britax (U.K.)
• Combi (Hong Kong)
• Stokke (Norway)
• Shenma Group (China)
• Peg Perego (Italy)
• Seebaby (U.S.)
• Joyson Safety Systems (U.S.)
• BabyFirst (U.S.)
• Ergobaby (U.S.)

REPORT COVERAGE

This report covers the durable juvenile products market. The CAGR expected to be in during the forecast period, and also the USD value in 2021 and what it is expected to be in 2028. The effect COVID-19 had on the market in the beginning of the pandemic. The latest trends taking place in this industry. The factors that are driving this market as well as the factors that are restraining the growth of industry. The segmentation of this market based on type and applications. The region leading in the industry and why they will continue to do so during the forecast period. Further, the key market players, what all is being done by them to stay ahead of their competition as well as retain their market positions. All these details are covered in the report.