The United States baby crib market is poised to expand steadily, creating an absolute $ opportunity of US$ 127 million in 2023. Demand in the market is increasing due to the presence of leading players in the country.
NEWARK, Del, Oct. 25, 2023 (GLOBE NEWSWIRE) — The baby cribs market is predicted to be valued at US$ 2712.38 million in 2023 and US$ 5,000 million by 2033. Over the projection period, sales in the baby cribs market are expected to increase at a CAGR of 6.3%.
Among the emerging prospects lies in integrating smart technology, as IoT-enabled cribs offer features like sleep tracking, temperature control, and soothing sounds, enhancing parental convenience. Another unexplored avenue is personalized customization, where parents can tailor cribs to match their aesthetic preferences and functional needs.
The rise of sustainable parenting drives the demand for eco-friendly cribs crafted from organic materials and non-toxic finishes, opening doors for manufacturers to innovate in green production. Collaborations with interior designers and influencers present an intriguing trend, creating stylish and photogenic nursery setups influence consumer choices.
The market is witnessing a shift towards multifunctional cribs that transform into playpens or toddler beds, catering to longer product lifecycles. As parental awareness grows about the importance of safe sleep practices, opportunities abound for companies that prioritize advanced safety features and certifications.
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Key Takeaways from the Baby Cribs Market Report
- FMI predicts steady United States baby cribs market growth, US$ 127 million opportunities in 2023.
- India’s baby crib sales to expand at 6.1% CAGR by 2033.
- Germany to surge at a CAGR of 6.2% through 2033.
- Metal leads, and wood follows in the crib market with a stellar 6.5% CAGR in the next ten years.
- Convertible crib sales to thrive at a 6.7% CAGR from 2023 to 2033.
“The baby crib market is witnessing substantial growth driven by evolving safety regulations, adaptable designs, and a rise in eco-conscious preferences. These factors present potential for continuous innovation and market growth,” opines Sneha Verghese, Senior Consultant for Consumer Goods and Products at Future Market Insights (FMI).
How Key Players are Revolutionizing the Baby Cribs Market?
Key players are spearheading a revolution in the baby cribs market through innovative designs, enhanced safety features, and sustainable materials. These industry leaders are setting new standards by prioritizing both infants’ comfort and parents’ convenience. Advanced technology integration, convertible models, and customizable options reshape the market.
Key players are actively promoting eco-friendly practices, influencing a shift towards greener choices. Their competitive strategies and consumer-centric approach are driving market growth and redefining how parents perceive and select baby cribs, ultimately ensuring a safer, more comfortable, and sustainable sleep environment for infants.
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Product Portfolio:
- Offering a diverse range of baby cribs, Goodbaby combines safety, style, and functionality. From classic designs to modern aesthetics, their cribs cater to various preferences, ensuring infants a secure and comfortable sleeping environment.
- Delta Enterprise Corp. excels in convertible baby cribs that adapt as a child grows. Their innovative designs merge convenience with durability, providing parents with versatile options for long-term use while maintaining a focus on safety.
- Silver Cross presents luxury baby cribs that epitomize elegance and artisanship. Meticulously designed with attention to detail, their cribs blend traditional and contemporary elements, delivering a regal slumber experience for babies while upholding the highest standards of quality and aesthetics.
More Insights Available
Future Market Insights offers an unbiased analysis of the baby cribs market, providing historical data from 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the baby cribs market, the report is segmented on the basis of Product (Standard, Portable, Convertible, Bassinet, Travel, Multifunctional and Others), Price Range( Economy, Mid-Range and Premium), Material (Plastic, Metal, Wood and Others), Sales Channel (Direct Sales, Modern Trade, Convenience Stores, Departmental Stores, Specialty Stores, Mono Brand Stores, Online Retailers, Drug Stores and Other Sales Channels), across seven major regions (North America, Latin America, Western Europe, Eastern Europe, South Asia and Pacific, East Asia, and Middle East & Africa).
About the Consumer Products at Future Market Insights
The consumer product team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations to provide authentic insights and accurate results to help clients worldwide. With over 100+ reports and 1 Billion+ data points, the team has analyzed the industry lucidly in 50+ countries for over a decade. The team briefly analyzes key trends, including competitive landscape, profit margin, and research development efforts.
Report Scope:
| Report Attribute | Details | ||
| Market Value in 2023 | US$ 2,712.38 million | ||
| Market Value in 2033 | US$ 5,000 million | ||
| Growth Rate | CAGR of 6.3% from 2023 to 2033 | ||
| Base Year for Estimation | 2022 | ||
| Historical Data | 2018 to 2022 | ||
| Forecast Period | 2023 to 2033 | ||
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 | ||
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis | ||
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Market Segmentation
By Product:
- Standard
- Portable
- Convertible
- Bassinet
- Travel
- Multifunctional
- Others
By Price Range:
- Economy
- Mid-Range
- Premium
By Material:
- Plastic
- Metal
- Wood
- Others
By Sales Channel:
- Direct Sales
- Modern Trade
- Convenience Stores
- Departmental Stores
- Specialty Stores
- Mono Brand Stores
- Online Retailers
- Drug Stores
- Other Sales Channels
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East & Africa
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.
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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 over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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Originally published at https://www.einpresswire.com/article/664035060/global-baby-cribs-market-to-total-us-5-000-million-by-2033-rising-at-a-cagr-of-over-6-3-future-market-insights-inc
