Kids Furniture Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

A rise in disposable income owing to rising working parents, an emerging number of children, and surging investments in the kids room interior is contributing to the market growth. As per UNICEF, there are 1.3 billion adolescents in the world today, more than ever before, making up 16 percent of the world’s population. Consumers with a high level of affordability spend wisely in order to increase their standard of living, resulting in the purchase of efficient and versatile consumer goods. 

The Kids Furniture Market is expected to grow at a steady rate of around 6% owing to the surging preference for efficient and dedicated, themed spaces for kids in the form of nursery, play, and study rooms are contributing to the market growth. Housing contractors are adopting new strategies for developing end-to-end home infrastructures.  As per a study in Europe, parents spend more than USD 5,800 decorating their child’s nursery and bedrooms – before they turn 10. Also, Parents will splash out a further USD 4,7800 redecorating their children's rooms at least once every two years – parting with USD 970 each time – before their 10th birthday.

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 According to UnivDatos Market Insights (UMI)’ research report “Global Kids Furniture Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the growing number of nuclear families, the availability of affordable furniture, and the launch of smart furniture by players in countries.

Based on product, the market is segmented into beds-cots & cribs, tables & chairs, cabinets, dressers, & chests, mattresses, and others. The beds-cots & cribs category witnessed higher CAGR during the forecast period owing to the growing number of nuclear families in the country such as India, China, the United States, etc., Also, convenience and ease of use are some of the prominent factors. Also, factors such as the availability of tech-advanced beds and cribs, affordable prices, etc., are contributing to the growth of this segment.

Based on the material, the market is categorized into wood, polymer, and metal. Among these, the wood segment grabbed the major market share and dominated the market in 2020. Wood is highly preferred for furniture by consumers due to its various advantages. Wood is much stronger in load bearing for both chairs and tables, owing to which wood can support a heavier load without breaking down.

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Based on the distribution channel, the market is categorized into online and offline. Among these, the offline segment grabbed the major market share and dominated the market in 2020. The rising number of Speciality stores, and franchised stores, globally is contributing to the growth of this segment. However, surging internet penetration in developing countries is contributing to the growing share of the online segment.

Based on the end-user, the market is segmented into residential and commercial. The residential segment grabbed the major market share and dominated the market in 2020. The COVID-19 pandemic positively impacted the growth of this particular segment as Schools remained closed and classes were conducted online, it was important to set up a comfortable classroom for the child at home to facilitate learning.

APAC to witness extensive growth

For a better understanding of the market adoption of the Kids Furniture industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America region grabbed the major market share and dominated the market in 2020. The surging working population in the countries such as the United States and Canada is a key contributing factor to the demand for kids’ furniture in daycare. According to the U.S. Census Bureau, the youngest millennials reached their adulthood in 2020 and accounted for 28% of the U.S. population; they also accounted for 50% of the working population. However, APAC is anticipated to grow at a substantial CAGR during the forecast period.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Kids Furniture market are Cello Group, Cosmoplast Industrial Company LLC, Herman Miller, Inter Ikea Systems B.V., Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, Sauder Woodworking Company, Sleep Number Corporation, Tramontina.

“Global Kids Furniture Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Product (Beds-Cots, & Cribs, Table & Chair, Cabinets, Dressers, & Chests, Mattresses, Others)

2.      By Material (Wood, Polymer, Metal)

3.      By End-User (Residential, Commercial)

4.      By Distribution Channel (Online, Offline)

5.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

6.      By Company (Cello Group, Cosmoplast Industrial Company LLC, Herman Miller, Inter Ikea Systems B.V., Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, Sauder Woodworking Company, Sleep Number Corporation, Tramontina)

Key questions answered in the study:

1.      What are the current and future trends of the global kids furniture industry?

2.      How the industry has been evolving in terms of type, drive type, and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global kids furniture industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global kids furniture suppliers across various region and countries?