The North America Children Furniture Market would witness market growth of 3.0% CAGR during the forecast period (2021-2027).
Manufacturers are concentrating on making furniture that is simple to construct, lightweight, and compact, which is expected to attract more customers. Moreover, baby furniture with built-in cameras, sensors, music, and other features that allow parents to monitor their babies' movements has increased product’s consumption.
Also, as compared to earlier generations of parents, the growing number of millennial parents has increased product utilization since they are more aware of the availability of numerous types of baby furniture on the market. According to data given by the National Retail Federation in April 2018, millennial parents are predicted to own 50% of all children, and over 1 million women who became mothers in the United States are considered millennials.
It is mandatory in North America to have the baby furnishings ready before the child is born. In addition, through billboards, radio, television, social media, and other marketing initiatives, manufacturers in the region are working hard to persuade parents into buying their products. In addition, there is a growing popularity of baby product exhibitions, in which manufacturers display a variety of products, including baby furniture, to the general public.
The US market dominated the North America Children Furniture Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $8,502.2 million by 2027. The Canada market is poised to grow a CAGR of 5.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 4.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Children Furniture Market is Estimated 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.
By Sales Channel
By Type
By Material
By End User
By Country
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