Baby Cribs and Cots Market: Current Analysis and Forecast (2022-2028)
Emphasis on Product Type (Standard Cribs and Cots, Portable Cribs and Cots, Convertible Cribs and Cots, Multifunctional Cribs and Cots, Others); Material (Metal, Plastic, Wood, Others); Application (Residential, Hospital, Others); Distribution Channel (Offline Channel, Online Channel); and Region/Country
The baby cribs and cots market is expected to register a CAGR of approx. 5% over the period of 2022-2028. A crib also called a cradle, is a type of crib that is specially designed for infants and younger children. They are usually made with a cage-like design that limits the risk of injury to infants and serves as a safety feature. Cots and cribs are small beds designed to keep infants and toddlers comfortable and prevent them from falling to the floor. It also helps create a sleeping environment and ensures restful sleep. The growing adoption of baby cribs and cots can be attributed to the rising birth rates of babies globally coupled with launch new products by manufacturers such as introduction of convertible cribs that can be converted into infant beds, daybeds, and full beds for babies. Furthermore, the baby cribs and cots market is anticipated to grow on account of the increasing consumer purchasing power, and the increasing popularity and utilization of baby safety products such as cribs and strollers.
Mamas & Papas, Bugaboo International B.V., Goodbaby International Holdings Ltd., Graco Inc., Cosatto, Stokke AS, My Babiie Ltd, Newell Brands, Stork Craft Manufacturing Inc., Delta Children’s Products Corp. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst product type, the convertible cribs and cots category accounted for the majority share in the market in 2020”
Based on the product type, the baby cribs and cots market are segmented into standard cribs and cots, portable cribs and cots, convertible cribs and cots, multifunctional cribs and cots, and others. The convertibles segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe due to they are inexpensive and the bed rails can be easily removed and have longer durability. Moreover, constant product innovation and advancement in the beds for comfort and safety will drive the segment growth.
“Among materials, the wood is expected to witness considerable CAGR during the forecast period”
Based on material, the market is fragmented into metal, plastic, wood, and others. The wood segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Wood is much stronger in load bearing for beds, owing to which wood can support a heavier load without breaking down which is contributing to the growth of the segment.
“Among applications, the residential is expected to witness considerable CAGR during the forecast period”
Based on application, the market is fragmented into residential, hospital, and others. the residential segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period due to the rising disposable income of parents coupled with the benefits such as safety and comfort, cost less than a single bed, etc.
“Among distribution channel, the offline channel is expected to witness considerable CAGR during the forecast period”
Based on distribution channels, the market is fragmented into offline channels and online channels. the offline channel segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. These stores have a wide variety of advanced baby safety products such as cradles, prams, strollers, and cribs.
“North America to witness significant growth during the forecast period”
For a better understanding of the market dynamics of the baby cribs and cots market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. North America constitutes a major market for the baby cribs and cots market industry and generated revenue owing to the increased awareness about the availability of innovative products for baby care and safety.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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Table of Contents
Research Methodology for the Global Baby Cribs and Cots Market Analysis (2022-2028)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global baby cribs and cots market were the three major steps undertaken to create and analyze the adoption of baby cribs and cots in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global baby cribs and cots market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the baby cribs and cots market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the baby cribs and cots market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product type, material, application, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the baby cribs and cots market. Further, we conducted factor analysis using dependent and independent variables such as rising demand for customized products and increasing popularity and utilization of baby safety products globally. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the baby cribs and cots market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global baby cribs and cots market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the baby cribs and cots market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global baby cribs and cots market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global baby cribs and cots market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, material, application, and distribution channel in the global baby cribs and cots market.
The main objective of the Global Baby Cribs and Cots Market Study
The current & future market trends of global baby cribs and cots market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the baby cribs and cots market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, material, application, and distribution channel.
- Define and analysis of the regulatory framework for the baby cribs and cots market industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the baby cribs and cots market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
- Company profiles of the baby cribs and cots market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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