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Kids Furniture Market size was valued at more than USD 42 billion in 2022 and is projected to observe over 8% CAGR from 2023 to 2032. Companies investing in product development and upgrades will drive the industry expansion.
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The rise in the trend of online purchasing has raised kids’ furniture sales throughout the globe, especially in the Europe region. Parents these days have access to a greater selection of furniture brands. They can easily compare the costs and product characteristics through online shopping portals.
International retailers also have access to the European market and provide a wide range of distinctive designs and goods. This has led to more competition, which enhanced affordability for parents. As a result, there has been an increase in demand for kids' furniture in Europe, and online shopping is anticipated to continue to play a significant role in this trend.
Report Coverage | Details |
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Base Year: | 2022 |
Market Size in 2022: | USD 42.2 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 8.1% |
2032 Value Projection: | USD 91.7 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 250 |
Tables, Charts & Figures: | 177 |
Segments covered: | Material, Product, Age Group, Distribution Channel & Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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High cost of raw materials and production could influence the growth of kids furniture market. To assure higher durability and safety, several furniture manufacturers are employing premium, non-toxic materials, which can increase the cost of production. This makes kids' furniture a bit more expensive than conventional furniture, which may reduce its appeal to consumers who are concerned about pricing. The rising demand for conventional furniture may hamper the growth of kids furniture industry in the years to come.
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Kids furniture market share from the beds segment is anticipated to cross USD 30 billion by 2032. Kids beds are created to fulfill their specific demands as they grow. They usually have low heights, safety rails, and vibrant colors that appeal to children and their parents. The development of a wide variety of kids beds with aesthetic designs would encourage parents to upgrade their existing kid’s beds. Factors like comfortable designs, space-saving, and multi-purpose use are expected to influence product sales in the coming years.
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Based on material, the kids furniture market share from wood segment is predicted to observe more than 7.5% CAGR from 2023 to 2032. Wood is a strong, long-lasting material that can withstand the wear and tear caused by daily usage. With furniture being a long-term investment, wood is the preferred customer choice because of its durability and strength. Wooden furniture for kids lasts for a long time, making it a wise investment for parents.
Kids furniture market share from the online retailer segment is forecasted to witness over 9.5% CAGR from 2023 to 2032. Online shops provide more options than traditional retailers, making it simpler for parents to find the specific furniture they need. With the demand for aesthetic, theme-based, and gender-specific furniture, the market is set to generate more revenue over the next few years. With multiple offers, discounts, and home-delivery features, parents would prefer online shopping rather than going out to buy furniture.
North America kids furniture market size is expected to surpass USD 34.4 billion by 2032. The trend of homeschooling and online learning have increased ever since the COVID-19 pandemic. With this, kids are spending more time at home and need furniture that is both comfortable and practical to meet their learning needs. The demand for modern kids furniture across countries like the U.S. and Canada is expected to influence the regional growth over the years. Apart from this, the growing birth rate in the region will drive the need to design baby rooms and nursing rooms.
BABYLETTO, Flexa, First Cry, Circu Magical Furniture, Sorelle Furniture, Wayfair LLC, Blu Dot, Boingg, Casa Kids, Crate and Barrel, KidKraft, and Williams Sonoma Inc., are some of the leading industry players in the global kids furniture business. Companies are working on developing several strategies like new product launches, collaborations, and partnerships.
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