Kids Furniture Market: Current Analysis and Forecast (2022-2028)

Kids Furniture Market: Current Analysis and Forecast (2022-2028)

The global kids furniture market is expected to grow at a significant rate of around 6% during the forecast period. Emerging disposable income owing to the rising number of working parents coupled with the rapidly growing percentage of children in the countries such as the United States and Canada are contributing to the growing demand for kids’ furniture. Also, promulgating nuclear families in the counties is also acting as a growth catalyst to the industry.

Moreover, a surging investment in the kids room interior is contributing to the market growth. As per UNICEF, there are 1.3 billion adolescents in the world today, more than ever before, making up 16 percent of the world’s population. Consumers with a high level of affordability spend wisely in order to increase their standard of living, resulting in the purchase of efficient and versatile consumer goods. Also, surging preference for efficient and dedicated, themed spaces for kids in the form of nursery, play, and study rooms are contributing to the market growth. Housing contractors are adopting new strategies for developing end-to-end home infrastructures. As per a study in Europe, parents spend more than £5,300 decorating their child’s nursery and bedrooms – before they turn 10. Also, Parents will splash out a further £4,500 redecorating their children's rooms at least once every two years – parting with £900 each time – before their 10th birthday.

Cello Group, Cosmoplast Industrial Company LLC, Herman Miller, Inter Ikea Systems B.V., Keter Group, Nilkamal Limited, Pil Italica Lifestyle Limited, Sauder Woodworking Company, Sleep Number Corporation, Tramontina, etc., 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, beds- cots & cribs category to witness higher CAGR during the forecast period”

Based on product, the market is segmented into beds- cots & cribs, table & chairs, cabinets, dressers, & chests, mattresses, and others. The beds-cots & cribs segment grabbed the major market share in 2020 and dominated the market. The convenience and ease of use are some of the prominent factors. Also, factors such as the availability of tech-advanced beds and cribs, affordable prices, etc., are contributing to the growth of this segment.
"Amongst material, the wood segment to hold a significant share in the market in 2020”

On the basis of material, the market is categorized into wood, polymer, and metals. Among these, the wood segment grabbed the major market share and dominated the market in 2020. Wood is highly preferred for furniture 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.
"Amongst end-user, the residential segment to hold a significant share in the market in 2020”

Based on the end-user, the market is fragmented into residential and commercial. The residential segment grabbed the major market share and dominated the market in 2020. The COVID-19 pandemic positively impacted the growth of this particular segment as Schools remained closed and classes were conducted online, it was important to set up a comfortable classroom for the child at home to facilitate learning.
"North America to hold a significant share in the market”

North America region grabbed the major market share and dominated the market in 2020. The surging working population in the countries such as the United States and Canada is a key contributing factor to the demand for kids’ furniture in daycare. According to the U.S. Census Bureau, the youngest millennials reached their adulthood in 2020 and accounted for 28% of the U.S. population; they also accounted for 50% of the working population. However, APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the rising working population, emerging nuclear families, etc., As per United Nations, Department of Economic and Social Affairs, around 41.5% of families in India are nuclear families.

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.