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Global Kids Furniture Market was Valued at US$ XX Bn in 2019 and it is Expected to Reach More than US$ 43.17 Bn by 2028, Likely to Grow with the CAGR of 4.9% During the Forecast Period.
Kid’s furniture is nothing but small accessories that are used to do a particular function or task. There are numerous types of furniture available in the markets which are exclusively designed for kids. Commonly purchased kids furniture’s include cribs, tables, chairs, bed, and cloth organizers. This furniture’s are available in playful colour combination & textures and are designed in such a way that they are easily accessible, safe and comfortable.
130 Million Born Every Year to Continue to Steer the Kids Furniture Market Growth
According to the U.N every minute around 250 babies are born and every year the numbers of the newborn are around 130 million. Parents prioritize their spending to buy the best furniture products for their kids which are comfortable, safe and easily accessible. The number of new born children in Asia and Africa region is growing at the fastest rate. In today’s era both the parents are working and thus they have high disposable income that is mostly planned to save on their kids. Parents feel that dedicated furniture for their children helps a kid in keeping them engaged in their activity. Also helps them to bond better with their friends.
Product Innovations in Kids Furniture to Drive the Kids Furniture Market
Small kids spend most of the time in sitting position. It is believed that their sitting position affects their learning ability. The tradition furniture where the children’s sit is mostly not suitable for them with respect to their heights. This unbalance in orthopaedic requirement may affect their learning ability, blood circulation and voice clarity. The companies now manufacture products that are specially designed for kids that help kids in maintaining the required orthopaedic posture right from the young age. The young age is very crucial as during this phase the children’s body is rising rapidly. It is observed that that the right sitting posture increases the learning ability among the kids
E-Commerce Companies Have Created More Awareness Among The New Parents For Kids Furniture
E-commerce is a market place where several sellers advertise their products for selling. Several furniture manufacturers prefer e-commerce websites to advertise their products. On e-commerce, buyers can search for a variety of kids furniture. Buyers can search for products as per their colour requirements. Also, some of the sellers also provide customise furniture products this further provides value to the customers. Moreover, discounts and EMI-facilities offered by E-commerce website further manipulate the buyer in purchasing the products.
Among The Product Type, Cribs Has The Highest Market Share Among Other Product Types
Cribs are the most commonly purchased product for the new-born. Cribs are nothing but the bed specially designed for the new-born and are required to provide comfort for the new-born. Cribs are available in the wooden or metal material. A baby spends most of the time in their cribs. An infant uses cribs for the first 2 years of his/her life. Since due to its 2 year of life most manufacturers are designing convertible cribs which can be used for other purposes too.
Wood Contributes To The Highest Market Share Among The Material Type
Wood is most popular material used for preparing furniture since generations. Wood is a natural available from nature and more it provides more strength and durability. Besides this, plenty of wood types are available which can be used preparing kids furniture. Moreover, it is more environmentally friendly and provides rich appearance when compared with its counterpart
By Application, The Household Segment Has The Highest Market Share Among Other Applications
Kids spent most of the times in their house and during this modern parenting era, parents prefer to have a better lifestyle of their kids. They want their kids to experience the best product which will help them in keeping their kids happy and engaged in their functions.
Increased Number Of Newborn Each Year Has Led Asia Pacific Region Towards The Highest Market Share
Globally, The Asia Pacific region has the highest market share among other regions as these region houses around 2/3rd of the world’s population. Countries like India and China has the highest population and it is expected that by 2050 these countries might have the highest number of new born children. Stable economic condition, high disposable incomes and the presence of e-commerce websites are the factors that have led the highest market share of Asia Pacific region in the kid's furniture market. Apart from the Asia Pacific region, Africa region would have the highest number of new born children, currently, most of the African countries are economically weak, it is expected that in few years the economy might gain momentum and there would be an increased awareness regarding kids furniture.
Highly Fragmented Market With Companies Focusing On Product Innovation
The kids furniture market is a highly fragmented market with the presence of many small and established players. Every player in this market looks towards to develop an innovative product as this market is a highly fragmented market. The companies create kids furniture in different colour and décor as parents always looks at the comfort of their kids and look upon the design of the furniture with a view that it matches with the interior of their home. These companies mostly have their physical presence and also have their presence online on various e-commerce websites.
Some of the popular companies in this market include IKEA India Private Limited, Durian Industries Limited, Godrej & Boyce Manufacturing Company Limited, Nilkamal Limited, Damro Furniture Private Limited, Forte Furniture Products Private Limited, Haworth India Private Limited, Featherlite Office Systems Pvt. Ltd.Dynasty Modular Furniture Pvt. Ltd., First Cry and several others
Global Kids Furniture by Material
Global Kids Furniture by Product Type
- Cloth Organisers or closet
- Others (Toy Box, Stools)
Global Kids Furniture by Application
Global Kids Furniture by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America