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The latest report by IMARC, titled “ Juvenile Products Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 202 3-2028
” " the global juvenile products market reached a value of US$ 22.0 Billion in 2022. Juvenile products include various childcare items that are mainly utilized by children below the age of 12 years. They consist of infant carriers and play yards that provide care and comfort to the child. They are generally manufactured under the guidance of regulatory standards in order to ensure product safety. As a result, they are widely used across day-care facilities, schools, households, shopping malls and pediatric health centers. There has been a considerable rise in the popularity of juvenile products among the masses due to the easy product availability through offline and online organized distribution channels across the globe.
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The global market is primarily driven by the rising parental concerns regarding child’s safety. Along with this, continual improvements in the e-commerce sector and the inflating disposable income levels of the masses are creating a positive outlook for the market on the global level. Moreover, leading players in the market are heavily investing in product innovations and introducing a diversified product range, thereby providing an impetus to the market growth. For instance, the launch of smart strollers equipped with sensors for enhanced safety and convenience is propelling the market growth across the globe. Apart from this, aggressive marketing strategies and robust promotional activities adopted by major players in order to expand their existing consumer base are positively influencing the market growth. Some of the other factors contributing to the market growth include rapid urbanization and extensive research and development (R&D) activities conducted by key players for the continual launch of improved product variants at affordable price points. On account of the aforementioned factors, the market is expected to grow at a CAGR of 7.1% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Market Summary:
Breakup by Product Type:
• Strollers and Prams
• Car Seats
• Cribs and Cots
• Others
Breakup by Distribution Channel:
• Offline
• Online
Breakup by Age Group:
• 0-1 Year
• 2-4 Year
• 5-7 Year
• >8 Year
Breakup by Region:
• North America
• United States
• Canada
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Poland
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa
• Turkey
• Saudi Arabia
• United Arab Emirates
• Others
Note: We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report.
Competitive Landscape with Key Players: Goodbaby International Holdings Ltd.
Britax Chicco Stokke
BeSafe
Emmaljunga
Peg Perego
Combi Corporation
Bugaboo International B.V.
• RECARO Kids s.r.l.
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