The Asia Pacific Children Furniture Market would witness market growth of 6.1% CAGR during the forecast period (2021-2027).
Increased expenditure on playroom, nursery, and study room décor is one of the primary factors propelling the children furniture industry forward. For convenience, parents want to keep books, toys, and clothes in one area. The growing size of residences and children's rooms has increased demand for children's furniture. In addition, over the last two decades, the popularity of theme-based interior décor, particularly for children's rooms, has grown in both industrialized and developing countries in all regions.
Additionally, the growing tendency of customers to choose 3D furniture would be an emerging trend in the market and encourage many key players to optimize this opportunity. However, the increased concerns among parents about the safety of children's furniture is estimated to hamper the growth of the market. Rising consumer desire for furniture with multi-functionality and more durable materials is expected to provide further growth possibilities for key players in the children furniture market.
According to the World Bank, developing countries, such as India and China, account for more than three-quarters of the global population. Moreover, the growing middle-class population, rising female labor force participation rate, and rapid urbanization in both developed and emerging markets have aided the rapid adoption of convenience-oriented lifestyles, resulting in increasing the demand for children-based products and accessories, including children furniture.
The China market dominated the Asia Pacific Children Furniture Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $2,947.1 million by 2027. The Japan market is experiencing a CAGR of 5.5% during (2021 - 2027). Additionally, The India market would exhibit a CAGR of 6.7% during (2021 - 2027).
Based on Sales Channel, the market is segmented into Offline Channels and Online Channels. Based on Type, the market is segmented into Beds, Cots & Cribs, Table & Chair, Cabinet, Dressers & Chests, and Others. Based on Material, the market is segmented into Wood, Polymers, and Metal. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Children Furniture Market is Projected to reach USD 34 Billion by 2027, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sauder Woodworking Co., Herman Miller, Inc., Nilkamal Limited, Pil Italica Lifestyle Limited (Dawood Investment Private Limited), Inter IKEA Systems B.V., Tramontina Multi S. A., Cosmoplast Industrial Company L.L.C. (Harwal Ltd.), Sleep Number Corporation, Keter Group B.V. (BC Partners), and Cello Group.
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