USD 38.82 billion
Global Kids Furniture Market Size, Share, Growth Analysis, By Product(Beds, Storage), By Material(Wood, Polymer), By Application(Commercial, and Household) - Industry Forecast 2024-2031
Report ID:
SQMIG25F2059 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
95 |
Figures:
65
Global Kids Furniture Market Insights
Kids Furniture Market size was valued at USD 38.82 billion in 2021 and is poised to grow from USD 46.16 billion in 2022 to USD 184.37 billion by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).
The increase in real estate prices is expected to impact the size of houses and children's rooms, creating growth opportunities for companies that offer compact, easy-to-move, and "assemblable" furniture for kids' rooms. The COVID-19 pandemic and subsequent worldwide lockdowns and school closures have led to a surge in demand for kids' furniture, including chairs, tables, cabinets, dressers, and chests. With children attending online classes, there is now a need for a separate study space to ensure their comfort during extended school hours.
The global population rising per capita and disposable income, particularly in developing nations, is driving the expansion of the kids' furniture industry. Consumers with higher affordability are investing wisely to improve their standard of living, leading to the purchase of efficient and versatile consumer goods, which in turn boosts market growth. Furthermore, as the population continues to grow, and employment rates improve in emerging nations, a significant portion of the population can afford to spend on both essential and recreational items, contributing to the growth of the kids' furniture market. For instance, the Asia Pacific region witnessed an increase of about 23 million working people between 2017 and 2019, further driving the demand for kids' furniture in the region.
Due to the rising home prices, consumers are increasingly opting for home improvement or remodeling projects instead of purchasing new homes. The growth in home values has doubled homeowner equity, leading to homeowners feeling wealthier and more inclined to invest in home improvement projects. This trend is expected to drive the demand for kids' furniture in the foreseeable future.
US Kids Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Beds,Cots, & Cribs
Fastest Growth
Beds,Cots, & Cribs
Growth Rate
6% CAGR
Kids Furniture Market ($ Bn)
Country Share for North America Region (%)
Kids Furniture Market by product ($ Bn)
Kids Furniture Market by product (%)
To get more reports on the above market click here to Buy The Report
Global Kids Furniture Market Segmental Analysis
The global kids furniture market is segmented on the basis of Material, Application Channel, Product, and Region. With respect to segmentation by product, the market is segmented as Table & Chair, Cabinets, Dressers, & Chests, Beds, Cots & Cribs, Mattresses, and Others. Based on Material the market is segmented as, Wood, Polymer, and Metal. Based on Application Channel the market is segmented as, Commercial, and Household. Based on Regional the market is segmented as, North America, Asia Pacific, Latin America.
Kids Furniture Market Analysis By Product
In 2022, the beds, cots, and cribs segment emerged as the dominant force in the global market, accounting for a significant revenue share of over 30.0%. This growth is attributed to the ease and convenience of using these products for disinfecting and cleaning surfaces. Providing infants and young children with healthy sleep is crucial for their physical and emotional well-being, particularly during the first two years of life. Quality sleep promotes growth, improves learning, and enhances attention span, leading to a substantial increase in the demand for kids' cribs, cots, and beds worldwide.
The mattresses product segment is projected to exhibit the fastest Compound Annual Growth Rate (CAGR) of 20.4% from 2023 to 2030. Children require more sleep than adults, making mattresses a vital component of kids' furniture. The growing awareness regarding the importance of timely and appropriate sleep for children, coupled with increasing concerns about the suitability of mattresses, is expected to drive the demand for kids' mattresses in the foreseeable future.
Kids Furniture Market Analysis By Material
In 2022, the wood segment emerged as the leader in the global market, commanding a share of over 55.0%. Wood is highly favored by consumers for furniture due to its numerous advantages. It offers exceptional load-bearing strength for both chairs and tables, allowing it to support heavier loads without breaking down. Moreover, wood can be easily repainted and re-polished after years of use, restoring its luster and extending its lifespan.
The polymer segment is projected to witness the fastest Compound Annual Growth Rate (CAGR) of 19.7% from 2023 to 2030. Polymer furniture is more affordable compared to metal or wooden furniture, making it attractive to consumers. Additionally, polymer furniture is stylish and comfortable to sit on, making it ideal for kids who spend long hours doing homework or engaging in in-home activities. It offers enhanced safety as it is less prone to breakage or cracks, making it a secure choice for children. Furthermore, plastic chairs are lightweight, making them convenient for young kids to use. This trend is expected to continue in the coming years.
Kids Furniture Market by product, 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Kids Furniture Market Regional Insights
In the year 2022, the North American region claimed the dominant portion of revenue, exceeding 30.0%, within the worldwide market dedicated to children's furniture. The surge in the workforce within this area has notably fueled the need for children's furniture in establishments such as daycares. To illustrate, data from the U.S. Census Bureau reveals that the most recent generation to reach adulthood, the youngest millennials, achieved this milestone in 2020, constituting 28% of the total U.S. population and encompassing half of the working populace.
The Middle East and Africa region is projected to register the fastest Compound Annual Growth Rate (CAGR) of 22.8% from 2023 to 2030. The region's rapid investments in the construction sector, particularly in line with the development of smart city projects, are expected to create new opportunities for market players in the coming years. Additionally, the growing per capita income in developing countries across the region will further boost the demand for kids' furniture.
Kids Furniture Market By Geography, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Kids Furniture Market Dynamics
Kids Furniture Market Drivers
Growing Population of Kids
- The increasing global population of children is a significant driver for the kid’s furniture market. As the number of kids grows, the demand for furniture such as beds, cots, chairs, tables, and storage units also increases.
Kids Furniture Market Restraints
High Competition
- The market for kid’s furniture is highly competitive, with numerous established and new players vying for market share. This may result in reduced profit and price pressure margins for market players.
Request Free Customization of this report to help us to meet your business objectives.
Global Kids Furniture Market Competitive Landscape
The competitive landscape of the global kids furniture market is characterized by intense competition due to the presence of numerous international and regional players. To meet the changing preferences of consumers, many brands are shifting their focus towards trendy designs and multipurpose functions, making these products a significant part of their business. For example, in July 2021, Aldi introduced a new range of kids' garden furniture, including wooden benches, loungers, and tables. Similarly, Crate & Kids launched a kids' furniture line in the same month, catering to the needs of millennial parents. These products boast trending designs, multipurpose functions, gender-neutral styling, and sustainable materials, aligning with the evolving demands of modern consumers.
Kids Furniture Market Top Player’s Company Profile
- Williams Sonoma Inc.
- Billion Dollar Baby Co.
- Wayfair Inc.
- Blu Dot
- First Cry
- KidKraft
- Sorelle Furniture
- Circu Magical Furniture
- Crate and Barrel
Kids Furniture Market Recent Developments
- On September 1, 2022, H&M Home announced the launch of its kids’ furniture in its online and offline stores. The company’s tables for kids come with smart functionality including a holder compartment for pen, shelf, and hanging options.
- On January 1, 2022, Altor-owned Network of Design declared that it had acquired Kid’s Concept, a base furniture brand for kids. This acquisition is anticipated to help strengthen the development of Kid’s Concept.
- In April 2021, West Elm announced the launch of more than 200 new pieces of kids’ furniture. The furniture differs in style from mid century to boho, and lets children make their own spaces with a unique twist.
Global Kids Furniture Key Market Trends
- Eco-friendly and Sustainable Materials: There is a growing trend towards eco-friendly and sustainable kids' furniture materials. Consumers are increasingly conscious of environmental impact, leading to a demand for furniture made from renewable resources and non-toxic materials.
Global Kids Furniture Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global kids furniture market analysis, rising disposable income, changing lifestyle preferences, and a focus on creating personalized and attractive spaces for children are the key growth drivers. The market offers a wide range of designs, colors, and themes to suit different age groups and preferences. The beds and storage segment has been known to dominate the kids' furniture market. Children's beds and storage solutions like wardrobes, drawers, and toy organizers are essential items for any kids' bedroom or playroom. Key players in the industry focus on safety, durability, and eco-friendly materials to meet parents' concerns. Additionally, advancements in technology, such as augmented reality and virtual reality, are enhancing the shopping experience and driving market growth in this highly competitive segment. Asia-Pacific is witnessing rapid growth driven by urbanization, increasing consumer spending, and a growing trend of nuclear families seeking modern and child-friendly furniture solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 38.82 billion |
| Market size value in 2031 | USD 184.37 billion |
| Growth Rate | 6% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Kids Furniture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Kids Furniture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Kids Furniture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Kids Furniture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Kids Furniture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Kids Furniture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Kids Furniture Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
