Global Baby Safety Products Market Research Report: Information By Product Type (Car Seats, Strollers, Monitors, and Others), By Distribution Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast Till 2032.
The report offers the value (in USD Billion) for the above segments.
Global Baby Safety Products Market Size was valued at USD 102.2 Billion in 2022. The Baby Safety Products market industry is projected to grow from USD 108.9 Billion in 2023 to USD 166.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.62% during the forecast period (2023 - 2032). There are more government initiatives to decrease infant fatalities and more people are aware of the importance of newborn safety, are the key market drivers enhancing the market growth.
Rising demand for baby safety products is driving the market growth
The market is fueled by the rising demand for baby safety products as a result of product quality advancements, technological advancements, an increase in disposable income, and government social security laws. A substantial trend connected to product quality is expected to have an impact on organic growth during the projection period. To boost protection, governments are also enacting stricter regulations and legislation governing newborn safety products. Before newborn safety gadgets are introduced into the market, regulations must undergo comprehensive testing. Another development that is likely to enhance the market over the forecast period is the creation of distinctive and multipurpose baby strollers. The growing number of working parents and the concern for children's safety are factors promoting the growth. The market for baby products is expanding as a result of the introduction of innovative and ground-breaking products that strongly emphasize child safety.
The rising demand for baby safety products is one of the primary factors fueling the market boom. Major players' releases of innovative products fuel demand. Expansion is accelerating as a result of partnerships between leading players and e-commerce platforms. Because of this, the market for baby safety goods is projected to experience potential growth prospects in the near future.
Due to a rise in the frequency of child fatalities, the government is enforcing new laws and safety standards. For instance, the United Nations Economic Commission for Europe (UNECE) Regulations No. 44 and 129, which outline the requirements for child restraint systems, must be followed by all infant car seats in Europe. The bulk of baby safety products, such as mattresses, cribs, and strollers, are subject to laws set down by European governments.
Launches of innovative new products are increasing market growth and motivating customers to purchase newborn safety equipment. Baby Jogger, for instance, unveiled their new City Tour 2 Double Stroller in May 2019 for twin infants. The 3-in-1 Halo DreamNest sleep system serves as a portable crib, travel cot, and bassinet. Thus, driving the Baby Safety Products market revenue.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Baby Safety Products Market. On the basis of historic growth analysis and current scenario of Baby Safety Products market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Baby Safety Products market. This further helps users with their developmental strategy.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the Baby Safety Products market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The Baby Safety Products sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide Aerospace Foam industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the Baby Safety Products sector. Major players in the Baby Safety Products market, including Britax Child Safety, Chicco, Dorel Industries, Baby Cache, Baby’s Dream Furniture, Baby Jogger, Baby Trend, Comb, Cosatto, Graco, and Land of Nod, are attempting to increase market demand by investing in research and development operations.
In 1931, Britax Child Safety Ltd. was established. Offering services for newborn and child care is part of the company's operation. Child seats are made by Britax Child Safety, Inc. Strollers, travel systems, infant carriers, kick mats, window shelters, back seat mirrors, and other products are available from the company. Customers in the US are served by Britax Child Safety. The Marathon ClickTight adjustable car seat will now come in four new styles, according to Britax Child Safety, Inc., a prominent provider of child passenger safety technology in the United States, which made the announcement in March 2022. Because the slick and fashionable fabric designs are flame-retardant-free, machine washable, and dryable, parents can resume driving right away.
Walmart Inc. (Walmart) runs grocery stores, supermarkets, hypermarkets, department and discount stores, and local markets. The company's stores offer consistently low prices on goods in the categories of consumables, health & wellness, technology, office supplies, entertainment, hardlines, fashion, and home. It also manages Sam's Clubs and other warehouse clubs. Walmart sells goods under a number of private labels and licensed brands, including Equate, Mainstays, George, Onn, Parent's Choice, Time and Tru, Wonder Nation, and No Boundaries. In addition to other related products, the company offers financial services, fuel, gift cards, money orders, prepaid cards, money transfers, check cashing, and bill payment services. It sells stuff on several e-commerce websites in the Americas, Africa, and Asia. The headquarters of Walmart are in Bentonville, Arkansas, in the United States. Walmart and Diono announced their first in-store partnership in March 2022. As a result of the introduction, Diono is anticipated to offer a hand-picked selection of Cambria boosters and Radian car seats throughout an expanding retail footprint, making the products accessible to both new and existing customers.
June 2022: The Baby Jogger City Sights Strollers is the most compact folding four-wheel modular stroller on the market. The City Sights stroller from the company's lineup now gives parents modern style, versatility, and all-terrain capability.
June 2021: With the opening of the Pampers research laboratory within the P&G Singapore Innovation Center (SgIC), P&G boosted its research and development capabilities for its BabyCare portfolio with assistance from the Singapore Economic Development Board.
December 2021: Dada Group and Kimberly-Clark China deepened their partnership in order to create fresh healthcare brands for on-demand retail.
Baby Safety Products Product Type Outlook
Baby Safety Products Distribution Channel Outlook
Baby Safety Products Product Type Insights
The global Baby Safety Products market segmentation, based on Product Type, includes car seats, strollers, monitors, and others. In 2022, the market for infant car seats held the largest proportion. An upsurge in traffic accidents has fueled the demand for infant car seats. Customers are also drawn to the product by new car seat features like anti-rebound bars to keep the seats firm in the case of an accident and a foam layer with energy-absorbing properties. For instance, to ensure that the child is securely fastened in, the Britax Convertible Car Seat includes three levels of safety, anti-rebound bars, and a click-tight installation system.
Baby Safety Products Distribution Channel Insights
The global Baby Safety Products market segmentation, based on Distribution Channel, includes offline and online. In 2022, the largest amount of distribution was through the offline route. The main players in the market for baby safety products get most of their money from offline sales. The significant increase is mostly due to the benefits offered to the customers, such as the ability to scan the product before purchase, the availability of a wide range of options, free demonstrations, and guidance from sales staff on choosing the best product. The offline channel includes small businesses, supermarkets, hypermarkets, and convenience stores. For instance, First Cry is the largest retailer in Asia and has more than 400 locations in India.
Baby Safety Products Regional Insights
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. In 2022, the North American baby safety products market dominated the global market and held the biggest market share. The market has expanded in North America as a result of factors like strong purchasing power, technology improvements, working parents, and government measures for baby protection. Consumers with earnings over USD 150,000 exhibited increased penetration for infant products, according to the TABS Industry Report. Further, In the North American area, the U.S. Baby Safety Products market had the biggest market share, while the Canada Baby Safety Products market had the quickest rate of expansion.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
During the projected period, the market for European baby safety products is anticipated to expand at a respectable clip. One of the primary factors driving the regional market's growth is the vendors operating in the market's focus on cutting-edge product development in the baby care industry. Further, In the European region, the German Baby Safety Products market had the biggest market share, and the U.K. Baby Safety Products market had the quickest rate of growth.
The baby safety products market in Asia Pacific is anticipated to develop at the quickest rate during the forecast period. The rise in the birth rate and the proportion of working mothers in nations like China and India are the main forces behind this business. The increase in living conditions and the rise in disposable income are two additional important drivers propelling market expansion in this industry. Further, In the Asia-Pacific region, the Indian Baby Safety Products market had the quickest rate of growth while China's Baby Safety Products market had the greatest market share.
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Frequently Asked Questions
• The global Baby Safety Products market size was valued at USD 102.2 Billion in 2022.
• The global market is projected to grow at a CAGR of 5.62% during the forecast period, 2023-2032.
• North America had the largest share in the global market
• The key players in the market are Britax Child Safety, Chicco, Dorel Industries, Baby Cache, Baby’s Dream Furniture, Baby Jogger, Baby Trend, Comb, Cosatto, Graco, and Land of Nod.
• The Car Seats Product Type dominated the market in 2022.
• The Offline Distribution Channel had the largest share in the global market.
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