Market Research Future (MRFR) has published a cooked research report on the “Baby Safety Products Market” that contains information from 2018 to 2032. The Baby Safety Products Market is estimated to register a CAGR of 5.51% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Baby Safety Products Market — Britax Child Safety, Chicco, Dorel Industries, Baby Cache, Baby’s Dream Furniture, Baby Jogger, Baby Trend, Comb, Cosatto, Graco, and Land of Nod.
Baby Safety Products Market Highlights
The global Baby Safety Products Market is accounted to register a CAGR of 5.51% during the forecast period and is estimated to reach USD 166.3 Billion by 2032.
the baby safety products market refers to the industry that produces and sells various products designed to ensure the safety and well-being of infants and young children. These products are intended to prevent accidents, injuries, and hazards that can occur in the home or while traveling. The market includes a wide range of products, from baby monitors and car seats to safety gates and outlet covers.
Segment Analysis
The global Baby Safety Products Market has been segmented based Product Type, and Distribution Channel.
The Baby Safety Products Market segmentation, based on Product Type, includes car seats, strollers, monitors, and others. In 2022, the car seats market had the greatest share. The demand for baby car seats has been driven by an increase in traffic accidents. New car seat features like anti-rebound bars to keep the seats firm in the event of a crash and a foam layer with energy-absorbing properties are also enticing customers to buy the product. For example, the Britax Convertible Car Seat has three levels of safety, anti-rebound bars, and a click-tight installation method to guarantee the child is safely buckled in.
The Baby Safety Products Market segmentation, based on Distribution Channel, includes offline and online. In 2022, the offline category for distribution had the biggest proportion. The primary market participants for baby safety items derive the majority of their revenue from offline transactions. The substantial rise is primarily attributable to the advantages provided to the customers, including the ability to scan the product before purchase, the availability of a wide range of options, free demonstrations, and advice from sales representatives on selecting the best product. Local shops, supermarkets, hypermarkets, and convenience stores are all part of the offline channel. For instance, First Cry has more than 400 stores in India, making it the biggest retailer in Asia.
Regional Analysis
The global Baby Safety Products Market, based on region, has been divided into North America, Europe, Asia-Pacific and Rest of the World. North America Baby Safety Products market dominated the Baby Safety Products Market in 2022 and accounted for largest market share. Due to reasons including high purchasing power, technological advancements, working parents, and government initiatives for baby protection, the industry has grown in North America. According to the TABS Industry Report, consumers with incomes over USD 150,000 showed higher penetration for baby products. Further, the U.S. Baby Safety Products market held the largest market share, and the Canada Baby Safety Products market was the fastest growing market in the North America region.
The European Baby Safety Products market is expected to witness a decent growth rate during the forecast period. The vendors operating in the market are concentrating on cutting-edge product development in the baby care sector by creating new facilities, which is one of the key reasons fueling the regional market's expansion. Further, the German Baby Safety Products market held the largest market share, and the U.K Baby Safety Products market was the fastest growing market in the European region.
Asia Pacific Baby Safety Products market is projected to exhibit the fastest growth over the forecast period. The major drivers of this industry are an increase in the birth rate and the proportion of working moms in countries like China and India. Two other significant factors driving market expansion in this sector are the improvement in living conditions and the rise in disposable income. Further, China’s Baby Safety Products market held the largest market share, and the Indian Baby Safety Products market was the fastest growing market in the Asia-Pacific region.
Key Findings of the Study
- The global Baby Safety Products Market is expected to reach USD 166.3 Billion by 2032, at a CAGR of 5.51% during the forecast period.
- Asia Pacific Baby Safety Products market is projected to exhibit the fastest growth over the forecast period. The major drivers of this industry are an increase in the birth rate and the proportion of working moms in countries like China and India.
- The Baby Safety Products Market segmentation, based on Product Type, includes car seats, strollers, monitors, and others. In 2022, the car seats market had the greatest share. The demand for baby car seats has been driven by an increase in traffic accidents.
- Britax Child Safety, Chicco, Dorel Industries, Baby Cache, Baby’s Dream Furniture, Baby Jogger, Baby Trend, Comb, Cosatto, Graco, and Land of Nod
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Companies Covered | 15 |
Pages | 128 |
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