According to a new report, published by KBV research, The Global Kids Storage Furniture Market size is expected to reach $28.6 billion by 2028, rising at a market growth of 17.9% CAGR during the forecast period.
The Wood segment acquired maximum revenue share in the Global Kids Storage Furniture Market by Material in 2021 thereby, achieving a market value of $13.2 billion by 2028. This segment will expand due to the growing popularity of contemporary storage furniture in children's rooms. Consumers choose wood over other materials due to its many benefits. As a result of wood's superior load-bearing capacity, furniture like wardrobes and baskets can hold a greater weight without collapsing. In addition, wood can be repainted and repolished after years of use to restore its luster.
The Online segment is showcasing a CAGR of 19.3% during (2022 - 2028). The expansion of the segment is attributed to the growing acceptance of online purchasing platforms. The availability of a wide range of products from domestic and foreign enterprises on online platforms is also expected to improve consumer inclination for online shopping. Manufacturers are developing online websites by utilizing numerous industry developments to increase their market share.
The Bookshelves segment is leading the Global Kids Storage Furniture Market by Type in 2021 thereby, achieving a market value of $9.2 billion by 2028. In classrooms, learning areas, libraries, labs, offices, and cafeterias, bookshelves designed to protect schoolbooks and instructional resources are utilized. Consequently, each book has a designated location on a bookshelf. In classes with a large number of students, shelves are regularly utilized. Additionally, bookshelves can be utilized as standalone shelves. The high utilization of these furniture pieces is responsible for the segment's growth.
The North America market dominated the Global Kids Storage Furniture Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9.7 billion by 2028. The Europe market is exhibiting a CAGR of 17.7% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 18.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/kids-storage-furniture-market/
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 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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