PUBLISHER: The Business Research Company | PRODUCT CODE: 1414341
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414341
“Kids Furniture Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on kids furniture market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for kids furniture? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The kids furniture market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Kid's furniture refers to any fixed or movable furniture designed with the anatomical dimensions and ergonomic requirements of children in mind, aiming to encourage excellent posture and provide comfortable seating for kids.
The primary types of products included in kids' furniture are beds, cots, and cribs, tables and chairs, cabinets, dressers and chests, mattresses, and others. A mattress is a rectangular piece of bedding used for sleeping or resting, comprising layers of materials that offer support and comfort to the body. Mattresses come in various styles and materials, including memory foam, innerspring, and latex. The materials used for kids' furniture include wood, polymer, and metal, and these products are distributed through online and offline channels. The applications of kids' furniture are seen in both residential and commercial settings.
The kid's furniture market research report is one of a series of new reports from The Business Research Company that provides kid's furniture market statistics, including kid's furniture industry global market size, regional shares, competitors with a kid's furniture market share, detailed kids furniture market segments, market trends, and opportunities, and any further data you may need to thrive in the kid's furniture industry. This kid's furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The kids furniture market size has grown rapidly in recent years. It will grow from $55.34 billion in 2023 to $66.32 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The expansion observed in the historical period can be attributed to factors such as population growth and demographics, shifts in consumer lifestyles, urbanization, the influence of media and trends, adherence to safety standards and regulations, and the growth of e-commerce.
The kids furniture market size is expected to see rapid growth in the next few years. It will grow to $128.11 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The anticipated growth in the forecast period can be attributed to the development of smart and interactive furniture, a heightened focus on ergonomics, increased parental emphasis on learning furniture, the globalization of design trends, and the rise in single-child families. Key trends expected in the forecast period include the adoption of virtual and augmented reality shopping experiences, collaborations with popular brands, the introduction of subscription-based models, the integration of smart storage solutions, the creation of licensed and themed furniture, and the availability of personalized and customizable options.
The projected increase in the child population is set to drive the growth of the kid's furniture market in the future. The term "children population" refers to individuals below a specified age threshold, typically those under 18. A larger population of children implies a heightened demand for furniture specifically designed for kids, including beds, dressers, and desks. This surge in demand can result in a larger market for companies specializing in kid's furniture, leading to increased sales and profits. For example, in 2021, the Centers for Disease Control and Prevention reported 3,659,289 births in the United States, representing a 1% increase from the 3,613,647 births recorded in 2020. Consequently, the growth in the child population is a driving force behind the expansion of the kid's furniture market.
The escalating expansion of e-commerce and online shopping is expected to propel the kid's furniture market's growth in the coming years. Online platforms offer transparency in pricing, customer reviews, and customization options, providing convenience for busy parents. E-commerce platforms also extend the market reach, enabling manufacturers and retailers of kids' furniture to showcase their products to a global audience. This increased visibility can lead to more sales opportunities and enhanced market penetration. For instance, the United States Department of Commerce reported a significant 39.0% increase in U.S. e-commerce sales in the first quarter of 2021 compared to the same period in 2020. Hence, the expanding reach of e-commerce and online shopping is a driving factor for the growth of the kid's furniture market.
Major players in the kid's furniture market are introducing innovative, nature-inspired products to gain a competitive advantage. In August 2022, H & M Hennes & Mauritz AB, a Sweden-based clothing company, launched a kids' furniture collection featuring a variety of styles for children with different tastes. The collection includes classic pieces such as a functional table with smart features, matching chairs, and a versatile storage bench in various colorways. Nature-inspired rattan furniture, a miniature lounge chair, sofa, table, and playful stool, adds a whimsical touch to children's rooms. The collection also encompasses colorful and playful furniture pieces, including a chair with cloud-inspired edges, a puzzle-inspired table, and charming stools in vibrant colors. Additionally, the collection offers soft squishy toys, tableware, and creative accessories, providing a diverse range of options to cater to various preferences.
Major players in the kid's furniture market are forming partnerships to introduce new products and strengthen their market positions. For instance, Delta Children, a U.S.-based children's furniture company, collaborated with Gap Inc., a U.S.-based clothing company, to launch the first-ever babyGap-branded nursery furniture and baby gear collection in the U.S. The partnership combines Delta's 50 years of expertise in children's furniture with Gap's strong reputation in kids and baby apparel. The collection includes cribs, crib mattresses, bedding, recliners, strollers, bassinets, and swaddles, with additional categories planned. This collaboration aims to deliver high-quality, elevated, and versatile products for parents, showcasing Gap's modern American style across all stages of parenting.
In January 2022, Network of Design, a Sweden-based retail furniture and home furnishings company, acquired Kid's Concept for an undisclosed amount. Through this acquisition, Network of Design aims to broaden its export capabilities. Acquiring Kid's Concept may grant Network of Design access to new markets and customers served by Kid's Concept, potentially increasing overall sales and profitability. Kid's Concept is a Sweden-based design company specializing in kid's toys and furniture.
Major companies operating in the kids furniture market report are Williams-Sonoma Inc., Wayfai Inc., Blu Dot Inc., KidKraft Inc., Sorelle Furniture LLC, Circu Magical Furniture Inc., Crate and Barrel Holdings Inc., Casa Kids LLC, IKEA Group, Billion Dollar Baby Co. LLC, First Cry Retail Services Private Limited, Ashley Furniture Industries Inc., Legare Furniture Group LLC, Summer Infant Inc., Cello Group Holdings Limited, Berkshire Hathaway Inc., Rooms to Go Inc., Bambizi LLC, Gigi Brooks Interiors Inc., Lulu & Georgia Inc., Babyletto Inc., Disney Consumer Products Games and Publishing Inc., Sanrio Inc., Dreamyears Inc., Dream On Me Inc., Milliard Bedding LLC, Bombay Dyeing & Manufacturing Company Limited, Delta Children Inc., Storkcraft Manufacturing Inc., Graco Children's Products Inc.
North America was the largest region in the kids furniture market in 2023. The regions covered in the kids furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the kids furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The kid's furniture market consists of sales of toddler beds, bunk beds, dressers and chests, playroom furniture and others. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.