May 29, 2020
According to the research report titled ‘Global Baby Durable Products Market – Analysis By Product (Strollers, Baby Car Seats, Baby Carrier, Others), Distribution Channel, By Region, By Country (2020 Edition): Market Insights, COVID-19 Impact, Competition and Forecast (2020-2025)’, available with Market Study Report, global baby durable products market generated revenues worth USD 20760.4 million in the year 2019 and is predicted to grow substantially over the study period.
Growing urban population in tandem with favorable government initiatives aimed at boosting internet connectivity are major factors driving the growth of the baby durable products market. Numerous market majors are focusing on offering innovative products as well as expanding their individual product portfolio, which in in turn is further aiding the market expansion. However, the Covid-19 pandemic, which has affected the global demand, logistics, and supply chain may decelerate the speed of market expansion, claim market analysts.
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Based on the product landscape, the strollers market segment is expected to register substantial growth during the analysis timeframe. Rising concerns regarding the safety of kids among parents have bolstered the demand for safe, durable, and high quality products. In addition to this, easy availability of strollers is fueling the segmental share.
Citing the distribution channel, the maternity & childcare stores acquired a considerable industry share in 2019, trailed closely by supermarkets. A wide range of products are offered by maternity and childcare stores. In addition to this, escalating investments towards online distribution channels in order to expand customer base coupled with rising adoption of impactful marketing strategies by industry behemoths are favoring the market outlook.
Regionally, Asia-Pacific baby durable products industry is reckoned to witness significant growth during the study period, followed by North America and Europe. Increased presence of international and local manufacturers and significant expenditure towards baby products are facilitating the business scenario in the region. Moreover, high concentration of major e-commerce players is augmenting the regional demand for baby durable products.
The prominent companies operating in worldwide baby durable products industry are BabyBjorn, BeSafe, Peg Perego, Stokke, Combi Corp., ERGO Baby, Dorel, Goodbaby, Newell Rubbermaid, and Artsana among others.