The North America Kids Storage Furniture Market would witness market growth of 17.3% CAGR during the forecast period (2022-2028).
Furniture options that efficiently store items like books, toys, clothes, and other products are in high demand. This increase can be ascribed to parents' growing demand for demarcated kids' space in homes, like play and study rooms that are purposeful, organized, and themed. In addition, housing contractors are using new approaches to create complete home infrastructures.
One of the most prominent trends that indicate expansion opportunities is the installation of functional and attractive kids' furniture by housing contractors. Children's furniture, like cabinets, dressers, and chests, is often smaller and can be put together at home. Scientific color schemes, ergonomic designs, and anthropometric measurements are just a few of the cutting-edge concepts influencing kids' storage furniture manufacturing.
In addition, consumers in today's information-driven society are cautious and display picky purchasing habits. As a result, market participants distinguish products based on aspects like the influence on the environment, safety, and design.
In North America, storage furniture that is easy to assemble, lightweight, and small in size is a focus for manufacturers to draw in more buyers. Additionally, millennial parents are more likely to use products than parents from prior generations since they are more aware of the variety of storage furniture options available on the market. Over 1 million women who became moms in the United States are millennials, according to data provided by the National Retail Federation in April 2018. In this region, it is required to have the nursery set up before the baby is born. This setup also includes provisions like closets for storing products. This supports the growth of the regional market.
The US market dominated the North America Kids Storage Furniture Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,005.3 Million by 2028.The Canada market is poised to grow at a CAGR of 19.9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 18.9% during (2022 - 2028).
Based on Material, the market is segmented into Wood, Metal and Plastic. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Bookshelves, Chests, Wardrobes, Boxes & Baskets, Hooks & Hangers and Toy Storage. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Kids Storage Furniture Market is Estimated to reach $28.6 Billion by 2028, at a CAGR of 17.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crate and Barrel (Otto Group), Wayfair Inc., Williams-Sonoma, Inc., Million Dollar Baby Co., Blu Dot Design & Manufacturing, Inc., KidKraft Inc., Sorelle Furniture (C&T International), Circu Magical Furniture, Casa Collection Design Inc, and FirstCry.com (BrainBees Solutions Pvt. Ltd.)
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