Global Kids Furniture Market to Grow with a CAGR of 12.03% through 2028.
Rise in focus of parents on
creating a better and more efficient space and convenience for their children
are factors driving the global kids storage furniture market in the forecast
period 2024-2028.
According to the
TechSci Research report, “Global Kids Furniture Market– Global Industry
Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” The kids' furniture market is
a dynamic and ever-evolving segment of the global furniture industry.
Characterized by its unique design requirements, safety considerations, and
changing consumer preferences, the market for children's furniture has
experienced significant growth over the years. This comprehensive analysis
delves into the various facets of the global kids' furniture market, including
its current trends, market drivers, challenges, competitive landscape, and
future prospects.
The kids' furniture market
encompasses a wide range of products designed specifically for children,
including cribs, beds, dressers, desks, chairs, storage units, and playroom
furniture. The market's growth is influenced by factors such as rising disposable
income, changing lifestyles, urbanization, and increasing awareness of child
safety and ergonomics.
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As economies grow and
disposable incomes increase, parents are more willing to invest in higher
quality and aesthetically pleasing furniture for their children. Urbanization
has led to smaller living spaces and nuclear families, driving the demand for
space-saving and multifunctional kids' furniture. Parents' growing concern for
child safety has led to a focus on furniture designs that incorporate safety
features, non-toxic materials, and rounded edges. Media, including movies, TV
shows, and online platforms, play a role in shaping children's preferences for
themed furniture based on their favorite characters and stories. An
increasing emphasis on early childhood education has boosted the demand for
furniture that supports learning and creativity.
The global kids' furniture
market is poised for steady growth. As consumers prioritize quality, safety,
and environmental sustainability, manufacturers will need to invest in
innovative designs, materials, and manufacturing processes. The integration of technology,
such as smart furniture, is likely to gain further prominence, enhancing the
educational and entertainment value of children's furniture. Customization and
flexibility will remain crucial to cater to diverse consumer needs. The market
will also witness continued regional variations in design preferences and
consumer behavior.
The structure of families has
evolved, with more nuclear and single-parent households. Smaller family units
often translate to higher per-child spending, as parents focus on providing the
best possible upbringing for their children, which includes investing in
quality furniture that supports their growth and development.
The global Kids
Furniture market is segmented based on furniture type, material, sales channel,
and region.
Based on type, with the
largest market share in 2022, the bookshelves category led the sector.
Classrooms, libraries, labs, learning areas, offices, and cafeterias all have
bookcases that are designed to safely store textbooks and instructional
materials. Each thing has a designated place as a result. Shelves are typically
utilized in classes with a large number of students.
On the basis of materials,
the global industry has been further divided into wood, metal, and plastic. The
wood material segment, which had the biggest market share in 2022, topped the
sector. Typically, consumer preferences vary based on the type of furniture.
Wood among these materials has a few benefits. This market will develop as
modern furniture becomes more and more fashionable in children's rooms.
In 2022, North America held a
largest market share, dominating the market. The existence of major product
manufacturers, increased consumer demand for personalized kids' furniture, and
the recent increase in home renovation trends are the main drivers of regional
market growth.
Key market players operating in
the global kids furniture market include:
- Williams Sonoma Inc.
- Million Dollar Baby Co.
- Wayfair Inc.
- Blu Dot
- First Cry
- KidKraft
- Sorelle Furniture
- Circu Magical Furniture
- Crate and Barrel
- Casa Kids
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“The demand for kids'
furniture is rising due to a combination of societal, economic, and cultural
factors that have reshaped parenting trends and consumer behavior. The
global kids furniture market is a vibrant and evolving sector within the larger
furniture industry. Catering to the unique needs and preferences of children,
this market has witnessed substantial growth over the years. Moreover, the
market's growth is largely driven by factors such as increasing disposable
income, evolving parenting trends, urbanization, and a heightened focus on
child development.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Kids Furniture Market–
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Furniture Type (Wardrobes, Bookshelves, Toy Storage, Table &
Chair, Others), By Material (Wood, Metal, Plastic), By Sales Channel (Direct
Sales, Furniture Retail Outlets, Supermarket/ Hypermarket, Online), By Region,
By Competition Forecast & Opportunities, 2018-2028F, has
evaluated the future growth potential of the global kids furniture market
globally and
provides statistics and information on market structure, size, share, and
future growth. The report provides cutting-edge market intelligence and helps decision-makers
to make sound investment decisions. Besides, the report also identifies the
emerging trends along with essential drivers, challenges, and opportunities
present in the market of kids furniture globally.
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