Baby Cribs and Cots Market: Current Analysis and Forecast (2022-2028)
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.
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