Published Date: 28-Feb-2022
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According to a new report Global Children Furniture Market, published by KBV research, The Global Children Furniture Market size is expected to reach $34 billion by 2027, rising at a market growth of 4.4% CAGR during the forecast period.
The Offline Channels market is generating high revenue in the Global Children Furniture Market by Sales Channel 2020, thereby, achieving a market value of $26.09 billion by 2027. The growth of this segment of the market is attributed to the fact that offline channels enable the customers to check the quality of goods as well as allow them to compare the quality along with the price of the good with the same product from a broad line of manufacturers. This factor facilitates parents to make a well-informed decision while purchasing the product.
The Beds, Cots & Cribs market acquired maximum revenue share in the Global Children Furniture Market by Type 2020, thereby, achieving a market value of $13.6 billion by 2027. The increase is due to parents' strong attention to their children's unbroken sleep, which is usually linked to their overall well-being. Infants and young children require adequate sleep to maintain their physical and mental well-being. Sleep is a dynamic developmental process that aids in encouraging growth, improving learning, and extending the attention span of babies, especially in the first two years.
The Polymers market shows highest growth rate of 4.2% during (2021 - 2027). This is attributed to the lesser cost of Polymer furniture than metal or wooden furniture. They're also fashionable and comfortable to utilize, making them suitable for kids who have to sit for long periods of time doing homework or other at-home activities. Plastic chairs are also ideal for children because they are generally durable and are not easily breakable.
The Commercial market this segment has high growth rate of 6.2% during (2021 - 2027). Several parents continue to work in order to maintain their standard of living and offer higher education for their children, which means that their children have less quality time. This has resulted in an increase in the number of daycare and crèche facilities in both schools and office complexes across the world. As more areas become child-friendly and the number of schools grows, commercial use of children's furniture is expanding.
The North America market is the fastest growing region in the Global Children Furniture Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $11.7 billion by 2027. The Europe market is expected to witness a CAGR of 3.7% during (2021 - 2027). Additionally, The Asia Pacific market is expected to witness a CAGR of 6.1% during (2021 - 2027).
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 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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