Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Baby Safety Gadgets Market size is expected to reach $4.8 billion by 2028, rising at a market growth of 7.7% CAGR during the forecast period.
The Premium segment is showcasing a CAGR of 10.1% during (2022 - 2028). Many parents are drawn to the luxury and style that strollers offer, which is why they are inundating the market in massive quantities. The market is currently seeing a rise in the popularity of smart strollers. In the upcoming years, adoption is anticipated to be driven by smart strollers with extra intelligent features like webcams, automatic folding technology, microphones, wireless speakers, etc.
The Hypermarket/Supermarket segment is leading the Global Baby Safety Gadgets Market by Distribution Channel in 2021 thereby, achieving a market value of $1.8 billion by 2028. The biggest market participants for baby safety goods derive the majority of their income from sales in supermarkets and hypermarkets. The substantial rise is primarily attributable to the advantages provided to the customers, including the ability to scan the item before purchase, the availability of a wide range of options, free demonstrations, and advice from sales representatives on selecting the best product.
The Smoke & Carbon Detector segment has shown the growth rate of 8.8% during (2022 - 2028). It is because Carbon monoxide can almost go undetected in a home without a suitable alarm. Everyone could be at risk from carbon monoxide, particularly infants and young children who are more prone to poisoning and severe symptoms. In actuality, smoke alarms ought to be put in front of every sleeping place and on every floor of their house, including the basement.
The North America market dominated the Global Baby Safety Gadgets Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.8 billion by 2028. The Europe market is exhibiting a CAGR of 7.4% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 8.4% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of BRITAX Römer GmbH, Artsana Group Chicco, Dorel Industries, Inc., Newell Brands, Inc. (Baby Jogger, LLC), Baby Trend, Inc., Munchkin, Inc., Cosatto Limited, Summer Infant, Inc. (Kids2, Inc.), Nanit, and Owlet, Inc.
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