The global Kids Furniture market size is expected to be worth around US$ 130.4 billion by 2030, according to a new report by Vision Research Reports.
The global Kids Furniture market size was valued at US$ 36.7 billion in 2020 and is anticipated to grow at a CAGR of 17.7% during forecast period 2021 to 2030.
|Market Size||US$ 130.4 Billion by 2030|
|Growth Rate||CAGR of 17.7% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Material, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Williams Sonoma Inc.; Billion Dollar Baby Co.; Wayfair Inc.; Blu Dot; First Cry; KidKraft; Sorelle Furniture; Circu Magical Furniture; Crate and Barrel; Casa Kids|
Rising real estate prices are expected to impact the sizes of houses and children’s rooms, which is projected to create growth opportunities for companies offering compact, easy-to-move, and “assemblable” furniture for kids’ rooms. The outbreak of the COVID-19 pandemic led to worldwide lockdowns and school closures that resulted in an increase in demand for kids furniture, including chairs, tables, cabinets, dressers, and chests. Owing to the ongoing pandemic, children are now required to attend online classes, necessitating a separate study space in order to accommodate themselves comfortably for long school hours. Furthermore, children outgrow tables and chairs within 3 to 10 years, resulting in a high rate of furniture replacement in households, which, in turn, drives the market.
By Product Analysis
The beds, cots, and cribs segment dominated the market with a revenue share of more than 31.0% in 2020. The growth is attributed to the high emphasis of parents on the uninterrupted sleep of their child, which usually is linked to the overall wellbeing of the kids.
The mattresses segment is expected to register the fastest CAGR from 2021 to 2030. Children tend to need more sleep than adults making mattresses a vital component of kids’ furniture.
By Application Analysis
The household application segment dominated the market with a revenue share of more than 66.0% in 2020. With schools remaining shut due to the coronavirus pandemic and classes being conducted online, it is important to set up a comfortable classroom for the child at home to facilitate learning.
The commercial application segment is expected to register the fastest CAGR from 2021 to 2030. Several parents continue to work in order to maintain their standard of living and provide better education for their children, which implies less quality time for their children.
By Material Analysis
The wood segment led the market in 2020 with a revenue share of over 56.0%. Consumers intend to prefer different materials based on the type of furniture. Among these materials, wood is highly preferred by consumers due to its various advantages.
Wood is much stronger in load-bearing for both chairs and tables, owing to which wood can support a heavier load without breaking down. Furthermore, wood can be repainted and re-polished after years of usage to bring the luster back. Wooden chairs and tables also require less maintenance.
The polymer segment is expected to register the fastest CAGR from 2021 to 2030. Compared to metal or wooden furniture, polymer furniture is more affordable. They are also stylish and comfortable to sit on, making them ideal for kids who are required to sit for hours doing homework or other in-home activities.
By Regional Analysis
North America accounted for the largest revenue share of more than 31.0% and is expected to expand at a steady CAGR from 2021 to 2030. An increase in the number of childcare or daycare service providers in North America is a key factor contributing to the demand for kids’ furniture.
The Middle East and Africa is anticipated to register the fastest CAGR from 2021 to 2030. Rapid investments in the construction sector in line with the development of smart city projects are expected to open new opportunities for players in the market over the coming years.
Williams Sonoma Inc.
Billion Dollar Baby Co.
Circu Magical Furniture
Crate and Barrel
Beds, Cots & Cribs
Table & Chair
Cabinets, Dressers & Chests
Central & South America
Middle East & Africa
The Kids Furniture market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Kids Furniture market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Kids Furniture market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Kids Furniture market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Kids Furniture market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Kids Furniture capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Kids Furniture by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Kids Furniture market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Kids Furniture market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Kids Furniture market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Kids Furniture industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Kids Furniture market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Kids Furniture market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Kids Furniture market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Kids Furniture market. These factors have benefited the growth of the global market for Kids Furniture. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Kids Furniture. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Kids Furniture are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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