The Latin America, Middle East and Africa Children Furniture Market would witness market growth of 8.6% CAGR during the forecast period (2021-2027).
Consumers are increasingly investing in home improvement or remodeling projects rather than purchasing new homes as prices of property are rapidly rising. Property equity has doubled as a result of rising home values, reflecting a tendency of homeowners feeling wealthier and more inclined to spend money on home renovation projects. In the near future, this trend is estimated to increase with the rapid rate of urbanization.
Technology-based baby furniture which helps babies to sleep comfortably, is gaining popularity since it saves parents time and efforts in getting their baby to sleep. For example, Yves Behar's robotic Snoo crib has the ability to automatically rock the crib, making it easier for babies to fall asleep.
In addition, the increasing production of multifunctional furniture for newborns has aided product sales by providing different capabilities, such as a single furniture type that can be turned into a table, cot, or cradle, among other things, depending on the need.
The significant number of raw products that are available across the region would play a major role in driving the development across the children furniture market across LAMEA. With the increased production of timber products in lumber facilities, the trade of Africa respective to wooden children furniture would also increase. Hence, these factors are estimated to play a key role in propelling the growth of the regional children furniture industry.
The Brazil market dominated the LAMEA Children Furniture Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $634.9 million by 2027. The Argentina market is expected to witness a CAGR of 9.2% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 8.3% during (2021 - 2027).
Based on Sales Channel, the market is segmented into Offline Channels and Online Channels. Based on Type, the market is segmented into Beds, Cots & Cribs, Table & Chair, Cabinet, Dressers & Chests, and Others. Based on Material, the market is segmented into Wood, Polymers, and Metal. Based on End User, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Children Furniture Market is Predict to reach $34 Billion by 2027, at a CAGR of 4.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sauder Woodworking Co., Herman Miller, Inc., Nilkamal Limited, Pil Italica Lifestyle Limited (Dawood Investment Private Limited), Inter IKEA Systems B.V., Tramontina Multi S. A., Cosmoplast Industrial Company L.L.C. (Harwal Ltd.), Sleep Number Corporation, Keter Group B.V. (BC Partners), and Cello Group.
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