Report ID: UCMIG25F2024
Report ID:
UCMIG25F2024 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the global playroom furniture market was valued at USD 3.0 billion. The market is being driven by a growing emphasis on the comprehensive development of children, which has resulted in an increasing demand for a comfortable and dedicated space for kids to have fun and learn without disrupting the rest of the household. This has caught the attention of parents, teachers, and caregivers. With the rising awareness of the crucial role that playrooms play in the development of children, there is a need for a well-planned and organized playroom. Such a space can improve the intellectual, physical, and emotional well-being of children. Moreover, toys can clutter the rest of the house if children do not have a dedicated area with proper storage and organization for playing with them.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Home Furnishings by segment aggregation, the contribution of the Home Furnishings in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25F2024