The Asia Pacific Kids Storage Furniture Market would witness market growth of 18.3% CAGR during the forecast period (2022-2028).
Leading manufacturers prioritize expanding their product portfolios by introducing numerous new goods. As COVID-19 began to spread, government agencies urged residents to spend as much time as possible at home. Consequently, schools were closed for greater periods and adopted a paradigm of remote learning. As a result, people grew more conscientious of their household spaces, ensuring sufficient space for children to study, play, etc.
This created new opportunities for the utilization of children's furniture. The demand for these products in the household category is driven by manufacturers producing items that help create an appropriate atmosphere for working, studying, sleeping, playing, or unwinding. As a consequence of increasing real estate prices, the size of houses and children's rooms are expected to alter, creating growth opportunities for firms that provide lightweight, easy-to-assemble, and portable furniture for children's rooms.
In addition, the rising number of renovation projects has increased expenditures for playrooms, baby rooms, and study rooms. Furthermore, parents are introducing multifunctional furniture to store clothing, books, toys, etc., in a single location. These trends are anticipated to further stimulate industrial expansion. In addition, there has been an increasing market preference for 3D-printed furniture.
China's rapid economic growth has boosted people's awareness of their health and the environment by raising living standards. Chinese parents are becoming increasingly aware of the significance of eco-friendly and environmentally sustainable products for their children's development. Chinese customers prefer solid wood as the primary raw material for kids' furniture. From the perspective of Chinese consumers, eco-friendly furniture has the following essential features the use of natural, non-toxic, & odorless materials, acceptance of environmental certification, as well as confirmation of the wood's legal origin. Therefore, as the disposable income of people of this increases due to urbanization and the rapidly growing economy, it propels the demand for convenient products. Hence, the regional kids' storage furniture market will grow significantly in the coming years.
The China market dominated the Asia Pacific Toy Storage Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $177.3 Million by 2028.The Japan market is estimated to grow a CAGR of 18.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 20.3% during (2022 - 2028).
Based on Material, the market is segmented into Wood, Metal and Plastic. Based on Distribution Channel, the market is segmented into Offline and Online. Based on Type, the market is segmented into Bookshelves, Chests, Wardrobes, Boxes & Baskets, Hooks & Hangers and Toy Storage. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Kids Storage Furniture Market is Projected to reach USD 28.6 Billion by 2028, at a CAGR of 17.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Crate and Barrel (Otto Group), Wayfair Inc., Williams-Sonoma, Inc., Million Dollar Baby Co., Blu Dot Design & Manufacturing, Inc., KidKraft Inc., Sorelle Furniture (C&T International), Circu Magical Furniture, Casa Collection Design Inc, and FirstCry.com (BrainBees Solutions Pvt. Ltd.)
By Material
By Distribution Channel
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