The Kids Furniture Global Market Report 2023, provides comprehensive information on the kids furniture market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Kids Furniture Global Market Report 2023, the global kids furniture market size is expected to grow from $46.14 billion in 2022 to $55.34 billion in 2023 at a compound annual growth rate (CAGR) of 19.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global kids furniture market size is expected to reach $108.8 billion in 2027 at a CAGR of 18.4%.
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Product innovations are a key trend gaining popularity in the kid’s furniture market. Companies operating in the kid’s furniture market are innovating new products to sustain their position in the market. For instance, in January 2020, Cradlewise, a US-based electronics and baby products manufacturing company, launched Smart Crib for babies. The baby crib is designed with advanced artificial intelligence (AI) technology that observes and analyzes the baby’s sleeping patterns, detects the initial signs of waking up, and automatically initiates bouncing movements along with playing music to help lull the baby back to sleep. The Cradlewise crib is equipped with a built-in baby monitor that detects early signs of waking up, which is essential for ensuring the baby’s sleep is protected and undisturbed.
The kids furniture market is segmented:
1) By Product: Beds, Cots and Cribs, Table and Chair, Cabinets, Dressers and Chests, Mattresses, Other Products
2) By Material: Wood, Polymer, Metal
3) By Distribution Channel: Online, Offline
4) By Application: Residential, Commercial
North America was the largest region in the kids furniture market in 2022.
The table of contents in TBRC’s kids furniture market report includes:
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Top 5 Major Key Players Are:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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