The Baby Cribs Market is estimated to be valued at USD 2,712.38 million in 2023 and is expected to reach USD 5,000 million by 2033. The adoption of baby cribs is likely to advance at a CAGR of 6.3% during the forecast period.
Demand in the baby cribs market is expected to increase due to the growing adoption of convertible baby cribs. Because of this, the global baby cribs market is expected to create an absolute $ opportunity of USD 2,231 million in 2022.
With rising birth rates, globally and rapidly growing demand for baby care and safety products is improving the adoption of baby cribs. Regionally, Asia Pacific is expected to spearhead the growth of the global baby cribs market. Growth in the region is attributed to the growing demand for baby care products and availability of medium-range and premium baby cribs product through online platforms across India
Future Market Insights predict a comparison and review analysis of the dynamics of the baby cribs market, which is principally subjected to an array of industry factors along with a few definite influences concerning viewpoints that support industry innovation.
Some new advances that have taken place in the market include key players who are introducing smart cribs with attributes such as light-weight, foldable, and compact-convertibility. This is anticipated to propel the growth in the baby cribs market.
Key reasons for this change in growth rate are attributed to steady uptake of the market during the first half of the forecast period, owed to the rising birth rates globally and rapidly growing demand for baby care and safety products is improving the adoption of baby cribs, improving the standard of living and disposable income.
Despite these prospects, there are some likely challenges that stay ahead for the industry, which include low penetration of smart cribs in low-and middle-income countries and low disposable income in these countries is dampening the sales of baby cribs.
| Attribute | Details |
|---|---|
| Estimated Market Size 2023 | USD 2,712.38 million |
| Projected Market Size 2033 | USD 5,000 million |
| CAGR through 2023 to 2033 | 6.3% |
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As per Future Market Insights (FMI), the demand for baby cribs are projected to surge at a 6.3% CAGR, reaching USD 5,000 million by the end of 2033. Increasing disposable income and improved standard of living has increased the demand for luxury baby care products.
Baby cribs are considered an essential accessory for safety of an infant and toddlers. New parents are putting in much effort to increase the safety of their child, thereby, spending a significant amount in baby accessories. Backed by these factors, demand for baby gears and sleep utilities is projected to witness an upsurge, increasing the sales of baby cribs. Besides this, preference for eco-friendly and sustainable baby products will drive the market.
In terms of material, the metal segment is anticipated to gain immense traction over the forecast period. As per FMI, the metal segment is projected to reach USD 1,957 million through 2033.
Improving standard of living and disposable income across the globe is the primary factor driving the growth in baby cribs market. Consumer inclination for sustainable baby products will push the demand for metal baby cribs over the coming years.
integration of new age technology in these baby cribs such as baby monitor sensors for keeping the baby safe is propelling the demand for advanced baby cribs.
To capitalize on this trend, key players are introducing smart cribs with attributes such as lightweight, foldable, and compact-convertibility. This is anticipated to propel the growth in the baby cribs market.
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Low penetration of smart cribs in low-and middle-income countries is the major factor restraining the growth in the market. Low disposable income in these countries is dampening the sales of baby cribs in the underdeveloped regions.
In addition, growing environmental concerns regarding the use of plastic and high cost associated with sustainable and premium baby cribs is another factor limiting the sales in the market.
According to FMI, India baby cribs market is expected to be one of the most remunerative pockets in South Asia. Demand for baby cribs in India is expected to increase on the back of growing preference for premium baby care products.
Rising disposable income and inclination towards improved standard of living is fuelling the demand for premium and sustainable baby cribs in India. In addition to this, with growing demand for smart baby cribs in the country, key players are eyeing the market to expand their consumer base.
Penetration of social media platforms and availability of these premium baby care products among small businesses will create conducive environment for the market. As per the study, sales of baby cribs in India are projected to increase at 6.3% CAGR, totaling USD 759 million by 2033.
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According to FMI, the United States baby cribs market is poised to expand at a steady rate, creating an absolute $ opportunity of USD 127 million in 2023. Demand in the market is increasing due to the presence of leading players in the country.
Integration of advanced technology in these baby cribs is pushing the adoption of smart baby cribs in the United States Further, favourable initiatives by private organizations and healthcare companies to provide the babies with safe and comfortable products.
For instance, in November 2021, Cradlewise, a leading Silicon Valley-based technology raised a funding of USD 7 million to help the parents with new smart baby cribs. A slew of such initiatives will create incremental growth opportunities for the market.
FMI opines, the United Kingdom baby cribs market is expected to surpass a valuation of USD 515 million by 2033, creating an absolute $ opportunity of USD 30 million in 2023. Growing trend of nuclear families and increasing demand for baby safety products will boost the market.
Rising popularity of e-commerce platform and availability of different smart and convertible cribs will drive the sales in the United Kingdom Growing concerns regarding the safety and environment have increased the sales of sustainable baby cribs in the United Kingdom.
In terms of product, the multifunctional baby cribs segment is projected to catalyze the growth of the market. However, the global baby cribs market is primarily dominated by convertible segment.
Convertible baby cribs are cost effective and offer high utility. They can also be converted into multiple furniture such as chair, table, and sofa. The convertible segment is expected to hold the largest market share as they are mostly developed by using solid wood and can be converted into toddler bed. According to FMI, the sales of convertible baby cribs are expected to register a CAGR of 6.7% between 2023 and 2033.
In terms of price, the premium price baby cribs segment is estimated to witness impressive growth over the forecast period. Growth in the segment is attributed to the premiumization of baby cribs associated with high safety and quality standards.
Subsequently, availability of these premium products on e-commerce platforms and online sales channel will improve the growth in the market. Further, with growing preference for safe and sustainable baby products, the demand for metal baby cribs is expected to increase over the coming years.
The baby cribs market thrives in a competitive landscape characterized by innovative giants like Goodbaby International Holdings Ltd., renowned for safety-focused designs and sustainable materials. Delta Enterprise Corp. stands out with versatile convertible cribs, combining durability and style. Silver Cross elevates the luxury segment, blending classic and modern aesthetics.
Meanwhile, emerging players focus on technology-infused cribs, catering to digitally perceptive parents. Sustainable startups leverage eco-friendly materials, appealing to conscientious consumers. This dynamic market fosters rivalry, compelling players to continually enhance safety features, design ingenuity, and eco-conscious initiatives, ensuring parents have an array of choices for their little ones' secure and stylish slumber.
| Report Attribute | Details |
|---|---|
| Market Value in 2023 | USD 2,712.38 million |
| Market Value in 2033 | USD 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 USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Product, Price Range, Material, Sales Channel, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East & Africa |
| Key Countries Profiled | United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
| Key Companies Profiled | 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 |
| Customization & Pricing | Available upon Request |
The market is valued at USD 2,712.38 million in 2023.
The United Kingdom market is expected to surpass a valuation of USD 515 million by 2033.
The market is expected to reach USD 5,000 million by 2033.
The industry is predicted to surge at a CAGR of 6.3%.
The sales of convertible baby cribs are expected to register a CAGR of 6.7% between 2023 and 2033.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product 5.1. Standard 5.2. Portable 5.3. Convertible 5.4. Bassinet 5.5. Travel 5.6. Multifunctional 5.7. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Price Range 6.1. Economy 6.2. Mid-Range 6.3. Premium 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 7.1. Plastic 7.2. Metal 7.3. Wood 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 8.1. Direct Sales 8.2. Modern Trade 8.3. Convenience Stores 8.4. Departmental Stores 8.5. Specialty Stores 8.6. Mono Brand Stores 8.7. Online Retailers 8.8. Drug Stores 8.9. Other Sales Channels 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. South Asia and Pacific 9.6. East Asia 9.7. Middle East and Africa 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Goodbaby International Holdings Ltd. 19.2. Delta Enterprise Corp. 19.3. Silver Cross 19.4. Artsana S.p.A. 19.5. Fisher-Price Inc. 19.6. Graco, Inc. 19.7. Arm’s Reach Concepts, Inc. 19.8. Million Dollar Baby Co. 19.9. Dream On Me, Inc. 19.10. Storkcraft, Sorelle Furniture 19.11. BabyBjorn 19.12. Chicco, Natart Juvenile, Inc. 19.13. Baby's Dream Furniture Inc. 19.14. East Coast Nursery Ltd. 19.15. Kolcraft Enterprises Inc. 19.16. DaVinci Baby 19.17. Mamas & Papas 19.18. Bababou 19.19. Me n Moms 19.20. Stokke AS 20. Assumptions & Acronyms Used 21. Research Methodology
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Baby Cribs Market
