According to a new report, published by KBV research, The Global Baby Swing Market size is expected to reach $12.7 billion by 2031, rising at a market growth of 12.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 73,986.9 thousand units, experiencing a growth of 13.4% (2020-2023).
The Electric Baby Swing segment resisters a CAGR of 13.4% during (2024 - 2031). Electric swings offer a range of features that appeal to modern parents, such as adjustable speeds, multiple swinging motions, and built-in sounds or music to help soothe babies. Key factors contributing to the growth of the electric baby swing segment include convenience, soothing features, and time-saving benefits. Electric swings often come with automatic settings that allow parents to customize the swinging motion and speed, providing tailored comfort for their babies.
The Household segment is leading the Global Baby Swing Market by Application in 2023; thereby, achieving a market value of $6.6 billion by 2031. This segment is characterized by a high demand for baby swings that provide convenience and comfort for babies and parents in the home environment. Parents typically seek swings that can help soothe their infants, allowing them to attend to other tasks while ensuring their babies are secure and calm. The household segment benefits from the increasing trend of multitasking among parents, who often need to balance childcare with various household responsibilities.
The Online segment is experiencing a CAGR of 13.5% during (2024 - 2031). The growing popularity of e-commerce has significantly transformed the retail landscape, providing consumers the convenience of shopping from home. Online platforms offer various baby swing options, allowing parents to compare brands, features, and prices easily. This accessibility has led to an increase in online purchases, particularly among tech-savvy consumers who prefer the convenience and flexibility of e-commerce.
Full Report: https://www.kbvresearch.com/baby-swing-market/
The Asia Pacific region dominated the Global Baby Swing Market by Region in 2023; thereby, achieving a market value of $4.8 billion by 2031. The North America region is expected to witness a CAGR of 12.2% during (2024 - 2031). Additionally, The Europe region would experience a CAGR of 12.7% during (2024 - 2031).
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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