Children’s Furniture Market Size, Share and Trend Analysis Report by Product (Beds, Cots & Cradles, Mattresses), by Material (Wood, Polymer, Metal), by Application (Commercial, Home) , by Region and Segment Forecast, 2021-2028
New York, December 03, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the “Children’s Furniture Market Size, Share and Trend Analysis Report by Product, Material, Application, by region and segment forecast, 2021 – 2028 “- https://www.reportlinker.com/p06187930/?utm_source=GNW
Children’s furniture market growth and trends
The global children’s furniture market size is expected to reach USD 121.41 billion by 2028. It is expected to grow at a CAGR of 16.7% from 2021 to 2028. With the exponential growth of residential sector in countries and demand With more vertical apartments and luxury dwellings, buyers are taking a keen interest in decorating their homes, children’s bedrooms, living rooms and bathrooms with modern, space-saving furniture. In addition, the increase in the number of nurseries and nurseries in schools and offices has led to an increase in demand for children’s furniture in these facilities.
In addition, consumers prefer to buy children’s furniture through online portals and official websites in order to receive value-added services, such as cash on delivery, return policy and after-sales service. Discounted prices, holiday sales and the availability of a wide range of products on e-commerce websites are expected to boost sales through online platforms.
In addition, the majority of manufacturers are increasingly focusing on creating environmentally friendly children’s furniture. Many consumers prefer products that enhance the exterior appearance and match the architectural patterns and layout of living spaces and backyards of homes.
As a result, manufacturers are increasingly focusing on providing innovative, luxurious and aesthetic children’s furniture.
In addition, market growth is supported by governments taking initiatives to bridge the gap between demand and supply of housing. For example, in July 2017, the Algerian government took the initiative to build 26,000 housing units by 2019.
This initiative will contribute to the growth of the household segment. Such initiatives are likely to promote market growth.
Highlights of the Children’s Furniture Market Report
• The beds, cots and cribs product segment accounted for the largest revenue share of over 30.0% in 2020 due to parents’ focus on their child’s uninterrupted sleep, which is generally related to the general well-being of children
• The wood materials segment accounted for the largest revenue share of over 55.0% in 2020. This can be attributed to the high consumer preference for wood due to various advantages associated with it.
• Home applications segment accounted for the largest revenue share of over 65.0% in 2020. The growth of this segment can be attributed to the growing need to provide a comfortable classroom for the child at home. to facilitate learning
• Middle East & Africa is expected to grow at the fastest CAGR of 20.8% during the forecast period. Per capita income growth in developing countries in the region will increase demand for children’s furniture
Read the full report: https://www.reportlinker.com/p06187930/?utm_source=GNW
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