The global durable juvenile market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The growing urbanization coupled with rising disposable income is anticipated to drive the growth of the global durable juvenile market. According to the data published by UNCTAD in 2021, the share of the urban population increased to 56.2% in 2020. In developed economies, 79.0% of people live in cities. Also, as per the data published by United Nations Organization, the global population is projected to increase by 2 billion persons in the next 30 years from 7.7 billion in 2020 to 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. The growth has been driven by increasing urbanization and accelerating migration. 61.0% of the global population lives in Asia, 17.0% in Africa, 10.0% in Europe, 8.0% in Latin America, and the remaining 5.0% in Northern America. Moreover, as per the data published by Statistics Canada, the share of disposable income for the household in the lowest quintile increased from 6.1% in the first quarter to a high of 7.2% in the second quarter of 2020. Also, as per OECD, the average household net adjusted disposable income per capita is $30,490 per annum.
Looking toward the demand for durable juvenile, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2020, Ergobaby launched Omni 360 carrier, an antimicrobial baby carrier. The Omni 360 is made with anti-microbial fabric with silver ion treatment which neutralizes odor-causing bacteria. The Omni 360 is adjustable from birth (7lbs/3.2kg) to toddlerhood (45lbs/20kgs). Further, in December 2019, Xiaomi Corp. launched QBORN 360, a rotating baby car seat. The QBORN 360 ensures safety and comfort for children from 0 to12 years. According to the company, the QBORN 360 possesses the necessary safety certifications in China and European Union. Thus such launches are anticipated to drive the growth of the global durable juvenile market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product
- By Age Group
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Artsana S.p.A, Stokke LLC, and Goodbaby among others
A full report Durable Juvenile Market of is available at: https://orionmarketreports.com/durable-juvenile-market/104885/
Global Durable Juvenile Market Report by Segment
By Product
- Safety Seats (Infant Car Seats, Booster, and Others)
- Stroller & Prams
- Baby Dining Products
- Carriers & Carrycots
- Walkers, Bouncers
- Rockers& Swings
- Baby Bedding Products
- Other
By Age Group
- 0-6 Months
- 6-12 Months
- 1 Year – 2year
- Above 2 Years
By Distribution Channel
- Online
- Offline
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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