Baby Cribs Market is Anticipated to Witness High Growth Owing to Increasing Awareness on Infant Safety

Baby Cribs Market is Anticipated to Witness High Growth Owing to Increasing Awareness on Infant Safety

They provide protection, convenience of use, and comfort for babies during sleep. With rising awareness about risks associated with co-sleeping and importance of appropriate sleeping space for infants, the demand for high-quality and stylish baby cribs is growing.

The Global baby cribs market is estimated to be valued at US$ 1.78 Bn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the baby cribs market include Tasman Eco, Boori Australia, LittleBird India, Goodbaby International Holdings Ltd., Delta Children's Products Corp., Silver Cross, Storkcraft, Dream On Me, Inc., Sorelle Furniture, Million Dollar Baby Co., Natart Juvenile, Inc., Graco, Inc., Cradlewise, Inc., Fisher-Price, 4 Moms, HALO, Happiest Baby, Inc., Macari Baby, Inc., Mastela, and Ronbei. These players are focusing onproduct innovation, partnerships, and expansion strategies to strengthen their market position.

The rising working women population along with increasing disposable incomes in developing countries provide significant growth opportunities in the baby cribs market. Manufacturers are expanding their brick and mortar as well as online distribution networks globally to tap the untapped rural markets.

North America dominates the global Baby Cribs Market Size. However, Asia Pacific is expected to witness the fastest growth during the forecast period due to the large population, increasing middle-class income groups, and growing e-commerce industry in the region.

Market Drivers
- Increasing population: Rising population worldwide is leading to growth in the number of babies born every year, thereby driving demand for baby cribs.
- Growth in middle-class income groups: Expansion of middle-class households with discretionary spending power on baby products is a key driver for the market.

Market Restraints
- Availability of alternatives: Other baby beds, baby beds, bassinets, cradles provide alternatives to baby cribs, posing a challenge for market growth.
- Storage issues: Baby cribs require storage space, which can be a constraint in small homes, thus hindering sales.

Segment Analysis
The consumer segment for baby cribs market is divided into standard size cribs and portable/travel cribs sub-segments. The standard size cribs sub-segment currently dominates the market, accounting for over 65% share. This is because standard size cribs are a necessary furniture item for babies/toddlers to sleep in at home. Portable/travel cribs allow for mobility and are ideal for travelling or short trips away from home, though their use is occasional as compared to standard cribs.

Global Analysis
Regionally, the Baby Cribs Market Size And Trends in North America currently holds the largest share globally, estimated at over 35% of the total market size. This is primarily attributed to high birth rates, growing population of working women and nuclear families in the US and Canada who rely heavily on baby products and gear. Asia Pacific region is poised to be the fastest growing market during the forecast period, projected to expand at a CAGR of around 6%. Rapid urbanization, rising disposable incomes and growing middle class families in China, India and other Asian countries are expected to propel the demand for baby cribs in the coming years.

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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)