The global juvenile products market grew at a CAGR of 6.8% during 2014-2019. Looking forward, the market is anticipated to grow moderately during the next five years.
The growth of global juvenile product market is primarily driven by increasing disposable income levels, emergence of e-commerce platforms, growing working women population, rising parental concerns towards child safety, and implementation of various regulatory policies pertaining to child protection.
The growing number of women in the workforce, coupled with the rise in the consumer income levels have empowered parents to spend more on childcare products, thereby driving the market for juvenile products globally. Furthermore, the escalating global literacy rate, growing consumer awareness, and rising parental concerns towards child development have further catalyzed the demand for juvenile products.
Apart from this, the increasing penetration of smart devices and high internet connectivity, coupled with the wide availability of juvenile products across e-commerce sites, have further catalyzed the market growth. Additionally, the implementation of favorable regulatory policies, along with the introduction of several government initiatives for promoting child development and safety, have also bolstered the demand for juvenile products. For instance, the Consumer Product Safety Improvement Act (CPSIA) by the United States government enforces consumer safety standards and other safety requirements for childcare products.
Besides this, various government policies across several developing countries for using child safety car seats for minors, have bolstered the product demand in these regions. Adoption of technically advanced manufacturing process of juvenile products has resulted in improved and durable products, thus driving the sales across the globe. In addition to this, the increasing utilization of eco-friendly and safe raw materials, along with rising consumer inclination towards high-end and premium products for toddlers and infants will continue to fuel the growth of the global juvenile products market in the upcoming years.
The competitive landscape of the industry has also been examined with some of the key players being Dorel Industries Inc., Goodbaby International Holdings Ltd., Britax, Chicco, Stokke, BeSafe, Emmaljunga, Peg Perego, RECARO Kids s.r.l., etc.
Key Questions Answered
How has the global juvenile product market performed so far and how will it perform in the coming years?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the distribution channel?
What is the breakup of the market based on the age group?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the market?
What is the structure of the global juvenile product market and who are the key players?
What is the degree of competition in the market?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4 Introduction 4.1 Overview 4.2 Key Industry Trends