Baby Cribs And Cots Market Analysis Report By Product, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global baby cribs and cots market size was accounted for USD 1.22 billion in 2018. The market is expected to witness a CAGR of 4.6%, during the forecasted years, 2019-2025. This growth can be attributed to rising awareness about the usage of baby care and safety products like monitors, cribs, and strollers among the millennial population.

The emerging trend of nuclear families across developing regions like APAC and MEA is expected to positively impact the demand for such products in the upcoming years. In addition, strict standards of safety as prescribed by the U.S. Consumer Product Safety Commission have enforced the key players to add advanced features in such products for enhancing the safety of the baby. Thus, the market for baby cots and cribs is expected to fuel up in the upcoming years.

Therefore, the key players have started developing products with features like 3-in-1 and 4-in-1 conversions. These products can be used as full-sized beds, day beds, or toddler beds for babies. For example, Babyletto had launched a 3-in-1 crib that included features like 4-stage height and mattress settings.

North America held the highest share across the global regional market. It is anticipated to witness significant growth in the upcoming years due to rising awareness about such products among the millennial population coupled with increased levels of disposable income among working professionals.

Product Insights

In 2018, the convertible product segment held the largest share of over 53% across the global market. This growth can be attributed to its cost-effectiveness, ease of usage, durability, and detachable properties. Moreover, continuous product development and innovation are expected to pave the way for market growth for such products in the upcoming years. For example, DaVinci Baby launched a 4-in-1 crib that can be transformed into a day bed, full-sized bed, and toddler bed.

The multifunctional products segment is anticipated to register the highest CAGR of 5.4% during the forecasted years. This growth can be associated with their feature of accommodating more furniture pieces that serve various functions. In addition, rapid advances made in product design are anticipated to positively impact the baby cribs and cots market growth in the upcoming years. For example, Stokke LLC had launched a multi-functional and modular nursery named Stokke Home in 2015 which included a portable cradle, dresser, changer, and a crib.

Distribution Channel Insights

In 2018, offline channels held the largest share of over 75% across the global market. This growth can be attributed to the rising number of specialty stores in urban areas. Moreover, such stores are also equipped with baby care products like prams, cribs, strollers, and cradles. Moreover, the increasing number of supermarkets and hypermarkets is expected to positively impact the market growth in the upcoming years.

The online distribution channel segment is anticipated to witness the highest growth with a CAGR of 5.0% during the forecasted years, 2019 to 2025. This growth can be attributed to the availability of a wide range of products under one single platform for comparison coupled with the discounts and offers being provided by the e-commerce platforms. Moreover, the rising usage of smartphones and internet among the millennials is expected to boost the market growth.

Regional Insights

In 2018, North America held the largest share exceeding 32% across the global market. This region is anticipated to register significant growth in the upcoming years owing to rising disposable income among the working population coupled with increasing awareness among the millennials for the usage of safety products for babies. In addition, the rising number of single parents across this region is expected to pave the way for the usage of such products.

The Asia Pacific is anticipated to register the fastest growth across the global market from 2019 to 2025. This growth can be attributed to rising population across countries like China and India coupled with increasing per capita income. Moreover, the rising concept of nuclear families across this region is expected to pave the way for the demand for baby cribs & cots in the upcoming years.

Baby Cribs & Cots Market Share Insights

The market includes key players such as Silver Cross; Sorelle Furniture; Storkcraft; Dream On Me, Inc.; Delta Children's Products Corp.; Graco, Inc., and Natart Juvenile, Inc. These players are constantly engaged in product development and innovation to develop products with advanced features. For example, The Max Motor Dreams cot was launched by the Ford Motor Company, in 2017.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Million Insights has segmented the global baby cribs and cots market report based on product, distribution channel, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Convertible
    • Standard
    • Multifunctional
    • Portable

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • the Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East and Africa