In 2023, the baby cribs market is estimated to be worth US$ 2,712.38 million, with projections indicating a rise to US$ 5,000 million by 2033. Over the forecast period, the adoption of baby cribs is expected to advance at a compound annual growth rate (CAGR) of 6.3%.
The increasing disposable income and a desire for an enhanced standard of living are driving the demand for premium and sustainable baby cribs in India. Additionally, with a rising interest in smart baby cribs in the country, major players are targeting the market to broaden their consumer reach.
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The global baby cribs market is predicted for significant growth, driven by a rise in birth rates around the world. This translates to a booming demand for baby care and safety products, with cribs taking center stage.
The Asia Pacific region is poised to lead the pack, experiencing explosive growth in the baby cribs market. This can be attributed to two key factors:
- Growing demand for baby care products: Parents are increasingly prioritizing quality and safety for their newborns, leading to a rise in essential items like cribs.
- Rise of online retail: The easy availability of medium-range and premium cribs through online platforms, particularly in countries like India, is making these products more accessible to parents.
Future Market Insights, a market research firm, dives deep into the dynamics of the baby cribs market. Their analysis highlights the influence of various factors, including:
- Industry innovation: Leading players are constantly pushing boundaries, introducing innovative features like lightweight, foldable, and convertible cribs. These advancements are expected to further propel market growth.
The current growth momentum is likely to continue, fueled by:
- Rising birth rates: As birth rates climb globally, the need for safe and comfortable sleeping solutions for infants will naturally increase.
- Increased focus on safety: Parents are becoming more aware of the importance of safe sleep practices, making cribs an essential purchase.
- Improved living standards and disposable income: As economies develop, parents have more resources to invest in high-quality baby products like cribs.
Rise in Demand for Multifunctional Baby Cribs among Consumers
Based on the product type, the convertible is expected to be the most attractive segment in the baby cribs market over the forecast period. Convertible type of baby cribs are mostly preferred by consumers as that are cost effective, high durability, and can be easily detachable bed rails is the primary factor expected to exhibit a significant growth in the global baby cribs market during the forecast period.
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Who is Winning?
Some of the leading players operating in the baby cribs market
- Goodbaby International Holdings Ltd.
- Delta Enterprise Corp.
- Silver Cross
- Artsana S.p.A.
- Fisher-Price Inc.
- Graco, Inc.
- Arm’s Reach Concepts, Inc.
- Million Dollar Baby Co.
- Dream On Me, Inc.
- Storkcraft, Sorelle Furniture
- BabyBjorn
- Chicco, Natart Juvenile, Inc.
- Baby’s Dream Furniture Inc.
- East Coast Nursery Ltd.
- Kolcraft Enterprises Inc.
- DaVinci Baby
- Mamas & Papas
- Bababou
- Me n Moms
- Stokke AS
These manufacturers are investing significantly on research and development activities to achieve various certifications and introduce environmental friendly products to meet growing consumer requirements for sustainable materials such as non-toxic paints used in developing baby cribs.
Moreover, expanding domestic distribution channel, strategic partnership, acquiring small scale companies, innovative marketing strategies, celebrity endowment, and enter into online platform remains the most popular strategy among the prominent players in the market. Companies intend to expand their geographical footprint through collaborating with local players.
- In 2018, Goodbaby International Holdings Ltd. was recognized with The Juvenile Products Manufacturers Association (JPMA) awards for four different innovations.
- In 2018, Bababou introduced Hugg Co-sleeping baby crib in Ireland. The company’s Hugg Co. sleeper baby bed is an organic, sustainable baby crib which was recognized with various awards such as Junior Design Awards for the best Co-sleeping Cot/Crib/ Pod/Bassinet Design.
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Baby Cribs Market by Category
Product:
- Standard
- Portable
- Convertible
- Bassinet
- Travel
- Multifunctional
- Others
Price Range:
- Economy
- Mid-Range
- Premium
Material:
- Plastic
- Metal
- Wood
- Others
Sales Channel:
- Direct Sales
- Modern Trade
- Convenience Stores
- Departmental Stores
- Specialty Stores
- Mono Brand Stores
- Online Retailers
- Drug Stores
- Other Sales Channels
Key Questions Answered in the Report
- How much is the current worth of the baby cribs?
- What was the sales of baby cribs between 2015 and 2021?
- What is a key trend shaping the growth of the baby cribs market?
- Which are the most prominent regions leading the baby cribs market?
- What was the demand outlook for baby cribs market in Japan?
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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