The baby cribs & cots are small bed which is designed to protect the infants or young children from falling on the ground in sleep. They also aid in creating a comfortable and peaceful sleeping environment. As the cribs & cots fall under the category of non-essential products, the purchase decision depends majorly on the spending capacity. In the latest research report published by Bonafide Research, under the title of Global Baby Cribs & Cots Market Outlook, 2026 analyses the market based on the segment of the region, products, sales channels, and companies. The regions covered during the study of the market are namely- North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The most prominent products found in the market were standard cribs & cots, convertible cribs & cots, mini cribs and cots, and portable cribs and cots. The different sales channels considered are supermarkets/hypermarkets, specialty stores, and online & others.
In developing countries especially the demand for baby cribs & cots have inclined considerably, with the increase in disposable income. These products are considered to be multipurpose and thus the market value was evaluated to be more than USD 1200 Million in 2020. Engaging in research & development, the manufacturers are now focusing on developing models with adjustable mattress levels which can house the baby as it grows. Further, the companies are also focusing engaging on adding several functionality and features in baby cribs and cots such as wheels for mobility, side rails that prevent the baby from falling over, extended sleeping area, and various others. During the forecasted period of 2021-2026, the market is forecasted to grow at a CAGR of 5.10% till 2026. Owing to the rising demand the manufacturers are also focusing on eco-friendly products which are made from non-toxic paints and sustainable woods which do not have any adverse effects on the baby.
Globally the baby cribs and cots market have been growing steadily with very little impetus driven by growing baby 0-4 years population and increasing personal disposable income in growing economies. The market is majorly driven by the growing demand for convertible cribs and cots which accounted for 53.92% of the total market in 2015. Historically the fastest growing market was mini cribs and cots which grew at a CAGR of roughly 3%. It has been further forecasted that the mini cribs and cots segment will continue to grow rapidly during the forecast period as well by registering a CAGR growth of more than 6.00%.
The major sales channels are the specialty stores which contribute the highest to the total market revenue. It has been further forecasted that the online sales channels will continue to be growing at the fastest rate of 7.14% during the forecast period of 2021 to 2026 and is expected to generate sales worth USD 330.10 Million by 2026. Specialty stores will play a crucial role in driving the market forward and are anticipated to grow at a CAGR of 4.12%.
With the given, non-essential nature of the product, only such economies are driving the market forward who have greater spending capacity. The USA which is pretty much the trendsetter in North America accounts for about 1/4th of the total global market. Similar dynamics can also be observed in other economically prominent countries in Europe which enjoy a high personal disposable income. Even though the income levels in emerging economies in the Asia Pacific, and Latin America are expected to grow steadily, the usage of such baby discretionary products is expected to have lesser penetration, at least in the short term.
CONSIDERED IN THE REPORT
• Geography: Global
• Base year: 2020
• Historical year: 2015
• Forecasted year: 2026
REGIONS COVERED:
• North America
• Europe
• Asia Pacific
• Latin America
Middle East & Africa
ASPECTS COVERED IN THE REPORT
• Market Size by Value of Baby Cribs & Cots (Standard, Convertible / Multipurpose, Portable, Mini) for the period (2015-2026F)
• Market Share by Product Type (Standard, Convertible / Multipurpose, Portable, Mini)
• Market Share by Sales Channel (Hypermarket & Supermarket, Specialty Stores & Online)
• Market Share by Region
• Market Share by Country
The Baby Cribs & Cots Market is widely distributed on the predictable updates in the enhancement of parameters. The report contains general parameters, confinements, and in detail illumination of the noteworthy data close by the present and future examples that may concern the advancement. The comprehensive report elucidates within and outside representation of current advancements, parameters, and establishments. We have performed primary as well as exhaustive secondary research for the study. The primary research surveys were conducted with the identified top companies. We analyzed product offerings, distribution channels, and the regional presence of all major companies in the industry.
This market study would be useful in providing solutions to several critical questions that are important for industry stakeholders, about which market segments should be targeted to strategize investments and capitalize on the growth of the market.
A Bonafide Research industry report provides in-depth market analysis, trends, competitive insights, and strategic recommendations to help businesses make informed decisions.
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