Taiwan Kids Furniture Market

Taiwan Kids Furniture Market Size

The global taiwan kids furniture market was valued at USD 40.9 million in 2023 and is estimated to grow at a CAGR of over 7.4% from 2024 to 2032.

There's a growing demand for children's furniture in Taiwan due to an increase in family sizes along with birth rates. As more families start to give birth to kids, there is a greater necessity for furniture that is age-appropriate, which includes cribs, beds, study desks, and more. This has resulted in an upgrade in existing furniture and has also spurred new purchases. There is a growing realization about the importance of creating environments that are favorable toward a child's development. Aside from desks, event-specific furniture is needed in class to help them foster creativity. This includes multi-functional furniture that can adapt as children grow, like adjustable desks and convertible beds, which can foster both play and study. Urban living, which has become more common in Taiwan, comes with its own challenges, like space constraints in homes. This creates the need for compact space-saving furniture like bunk beds, folding desks, and modular storage.

Taiwan Kids Furniture Market Trends

• Children's furniture that tends to the demands and changing needs is on the rise. Parents are more inclined toward multi-purpose furniture, for example, beds with storage or desks that can be adjusted as the child grows. This trend solves the issue of limited space that is often encountered in cities while making sure to increase functionality.
  
• As faulty ergonomics are starting to gain traction, there is an increase in the need for furniture that is posture-friendly and comfortable. There is a growing demand for ergonomically designed chairs and desks for children owing to the increasing focus of children on studying and screen time. There is an increasing inclination toward the use of technology in children's furniture as well. Today's modern lifestyle tends to favour smart furniture along with all-in-one charging ports, lights, and more. This phenomenon exists alongside the use of digital devices for education, entertainment, or any other purpose by children.
  

Taiwan Kids Furniture Market Analysis

Children's furniture aimed at enhancing creativity and fun has gained popularity. Items such as imaginative chairs, themed beds, and DIY play zones are now available and are being put in children's rooms to encourage creative thinking. This points in the direction of appreciating the importance of play in a child's growth. There is still growth in e-commerce, which is enabling families to purchase children's furniture online. Online shopping is a time saver and provides better options and prices. Numerous brands are now concentrating on the online shopping experience, which includes actual stores and augmented reality features that help customers visualize the furniture in their space.

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• Based on product type, the market can be segmented into bedroom furniture, nursery furniture, playroom & study furniture and others. It has been forecasted that the revenue generated from the bedroom furniture segment will exceed USD 15.4 million by the year's end of 2023. They are also forecasted to increase at the rate of 7.4% CAGR in the period of 2024 to 2032. With countless families living in urban areas with limited space, there exists a need for multifunctional bedroom furniture such as storage beds and other furniture pieces that change with the child.
  
• The demand for bedroom furniture is propelled by the growth in birth rates and family size. As the number of children in a household increases, so does the necessity for beds, dressers, and other storage units designed for their age.
  

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• Based on the material, the market is categorized as sensor wood, plastic, metal and others. The wood segment held around 45% of the total market share in 2023 and is anticipated to grow at a CAGR of 7.4% during the forecast period.
  
• The appeal of this wooden furniture can be attributed to its natural beauty, which makes settings where children are likely to have a warmer appeal than parents tend to seek. It is possible to finish and style it in a way that will suit the home's interior. Wooden children's furniture is best because kids are tough on furniture. Parents often consider wooden furniture to be a good investment because it pays off during all stages of a child's growth.
  

Taiwan Kids Furniture Market Share

In 2023, several market leaders such as A-Z Furniture, Baby Home, Bibo Kids, B&Q, Cozy Home, Dream House, Good Night, and even IKEA had around 10% and 20% of the market share. All these companies are doing what it takes to improve their position in the market, such as entering new mergers and acquisitions, expanding current facilities, and new collaborative efforts, which include adding new portfolio products.

Providers are pouring funds into the development of alternative power technologies to meet the changing needs of the sector, especially sustainability and smart tech. Businesses tend to focus their competitively aggressive strategies on geographic penetration into emerging markets and on new product development, where enhancements are made to the existing product. In order to exploit growth opportunities offered by this environment, firms that manage to innovate and adapt to market changes stand a chance of gaining a competitive edge.

Taiwan Kids Furniture Market Companies

Major players operating in the industry are:

• A-Z Furniture
• Baby Home
• Bibo Kids
• B&Q
• Cozy Home
• Dream House
• Good Night
• IKEA
• KUKA Home
• Little Bear Furniture
• Momo Shopping
• PAPA Home
• PChome
• Ubon
• Uni-Furniture
  

Taiwan Kids Furniture Industry News

• In July 2023, Dream on Me Industries, a long-standing supplier of cribs, strollers, and other baby products to Buy Buy Baby, acquired the intellectual property of Buy Buy Baby from its parent company, Bed Bath and Beyond, which was facing insolvency. Additionally, Dream on Me secured 11 leases from Buy Buy Baby, positioning itself favorably to reopen those locations.
  
• In September 2022, H&M Home introduced a line of children's furnishings, available in both its online and brick-and-mortar stores. Their children's tables boast features like pen holders, shelves, and hanging options.
  
• In September 2022, H&M Home began selling a line of children's furnishings, available in both online and physical stores. Their children's tables come with pen holders, shelves, and hanging features.
  
• In April 2021, West Elm took the approach of care and sustainability first and introduced over 200 new children's furniture items.
  
• West Elm Kids is committed to "good design" and prioritizes the highest safety protocols while sourcing and manufacturing materials in an ethical manner.
  

This Taiwan kids furniture market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) & volume (Million Units) from 2021 to 2032, for the following segments:

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Market, By Product Type

• Bedroom furniture
  • Beds & trundles
  • Dressers & nightstands
  • Desks & desk chairs
  • Others
• Nursery furniture
  • Cribs & bassinets
  • Changing tables
  • Others (side tables etc.)
• Playroom & study furniture
  • Toy storage
  • Play tables & chairs
  • Bookcases
  • Others (shelves and hooks etc.)
• Others

Market, By Material

• Wood
• Plastic
• Metal
• Others

Market, By Price Range

• Low
• Medium
• High

Market, By Age Group

• New Born & Infant
• Toddler
• Pre-Schoolers
• School-Aged Child

Market, By End Use

• Residential
• Commercial
• School & playgroup
• Daycare centers & preschools
• Healthcare
• Others (camps, HoReCa, etc.)

Market, By Distribution Channel

• Online
  • Company Website
  • E-Commerce Site
• Offline
  • Specialty Stores
  • Mega Retail Stores
  • Others