In 2023, the global Child Safety Seats Market is likely to be valued at USD 2,940.3 million. The market is anticipated to reach nearly USD 6,003.8 million by 2033, with a growing CAGR of 7.4% from 2022 to 2032.
The demand for child safety seats is surging, owing to rising strict regulations pertaining to the installation of safety products, along with the growing significance of car seats in preventing fatal accidents. These factors are said to fuel the growth of the global market over the forecast period.
Child safety seats are fundamentally used for the safety of children while traveling in a car and must be installed in several developed countries. Such seats deliver necessary restraints to children’s movement and prevent them from falling off the seat. Depending on the weight and the age of the child, there are different types of child safety seats available on the market.
The demand for child safety seats with vibration-absorptive features is growing among parents. Such seats safeguard the child from jerks and vibrations during the time of travel.
Attributes | Details |
---|---|
Child Safety Seats Market CAGR (2023 to 2033) | 7.4% |
Child Safety Seats Market Size (2023) | USD 2,940.3 million |
Child Safety Seats Market Size (2033) | USD 6,003.8 million |
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The global child safety seat market is lucratively surging due to the stringent laws and mandates towards using child safety seats in most developed countries like Canada, the United States, and the United Kingdom, among several others. In some USA. states, children from age four to seven who ate less than 4’9” tall must mandatorily ride in a government-approved booster seat, or there is a fine of up to USD 75 per violation.
An alarmingly increasing number of car accidents owing to improper and less use of car seats and seat belts is fueling the growth of the market. According to Injury Facts, in the United States, road car accidents are the primary cause of death amongst children aged one to 14.
Moreover, according to the United States Centers for Disease Control and Prevention (CDC), the proper use of car seats and seat belts prevent death in children by 71% and in toddlers by 54%.
The growing need to assure a safe environment for infants and children boost the sales of child safety seats during the forecast period. Most market players worldwide are developing inventive solutions for consumers to fulfill their safety requirements. This is said to propel the growth of the child safety seats industry during the forecast period.
Technological advancements have resulted in the development of supremely comfortable and safe baby car seats, leading to expanding sales and overall growth of baby car seats worldwide. However, lack of awareness among customers is a considerable market hindering factor in the child safety seats business.
Besides, a lack of laws that make it compulsory to use child safety seats in countries with huge populations like China and India is another restraint in the child safety seats sector. A declining birth rate in developed countries also restrains this market.
Countries | Market Share (2023) |
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United States | 16.2% |
Germany | 4.5% |
Japan | 4.0% |
Australia | 0.9% |
In the global child safety seats market, Europe is accountable for a 24.3% market share for child safety seats. In the past few years, in Europe, government and regulatory bodies have outlined several strict regulations and laws about child safety.
In this region, countries such as France, Germany, Spain, Portugal, Netherlands, Denmark, Ireland, and Italy have mandatory car safety seats for children less than 150 cm in height. Therefore, child safety seats are anticipated to experience greater demand in the United Kingdom with a CAGR of 7% by 2033.
European Transport Safety Council in 2018 launched novel UN regulation ‘R129’ with regards to the use of novel safety standards in child seats designs. Moreover, the broader presence of a higher-income population in Europe, along with their growing adoption of safety products, is likely to surge the demand for child safety seats.
North America is accountable for 19.4% market share in the global child safety seats industry. The factors contributing to this region’s share are strict laws pertaining to child safety seats in countries such as Canada and the United States, coupled with a high rate of urbanization.
Young parents in North America are said to adopt easy-to-carry seats which are draped around the shoulder with an attached cross-body strap. A growing number of car accidents owing to improper and less use of child safety seats and seat belts is propelling the market growth in this region.
The bulk of the population in this region prefer using a rear-facing infant car seat with a dual base as, according to them, it is convenient to protect the baby in the car seat before putting it in the car.
Customers are being consciously aware about the significance of using child safety products. Primary market players of the child safety seats sector are therefore, constantly developing innovative products using different designs, colors, patterns, etc. Start-up companies are also contributing to the market growth with their own strategies.
Key Players’ Recent Development
Key Players
The global child safety seats market valuation is USD 2,940.3 million in 2023.
The global child safety seats market is likely to showcase a CAGR of 7.4% from 2023 to 2033.
Europe stands out as the region with the maximum demand for child safety seats, boasting a significant market share of 24.3%.
Online retail channels have proven highly effective for child safety seat sales due to convenience, extensive reach, and informative product listings.
By product type, the child safety seats market is segmented into convertible, booster, infant seats, combination seats, and all-in-one seat.
Market Estimated Size (2023) | USD 8,560.1 million |
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Market Forecasted Size (2033) | USD 18,429.3 million |
Market CAGR (2023 to 2033) | 8.0% |
Estimated Year Market Value (2022) | USD 10.1 Billion |
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Projected Year Value (2032) | USD 33.5 Billion |
CAGR (2022 to 2032) | 12.7% |
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