Kids Furniture Market Projected To USD 39.96 Billion by 2025 With CAGR of 4.48%: Grand View Research, Inc.

Kids Furniture Market Projected To USD 39.96 Billion by 2025 With CAGR of 4.48%: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report by Grand View Research, Inc the global kids furniture market size was valued at USD 29.4 billion in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 4.48% from 2019 to 2025. Rising spending on nursery rooms, playroom, and study room d├ęcor is expected to drive the growth. Parents prefer incorporating clothes, books, toys, and other products in one place for convenience and decluttering.

The global kids furniture market is expected to value at USD 39.96 billion by 2025, expanding at a CAGR 4.48%, according to Grand View Research, Inc. Growing demand from hospital, playschool and residential is anticipated to have a huge significance on the market development. Kids furniture enable good physical and mental health in kids. Therefore, manufacturers are now focusing on user-friendly products.

Modern parenting include giving the best for their children and encouraging an all-round development. Out of this, many parents prefer incorporating modern lifestyle that suits their kids. Having kids furniture is one of the modern lifestyle concepts that gained traction in the past few years. Besides, the availability of a variety of furniture for kids has attracted a high consumer base in developing countries.

Growing preference for 3D printed furniture is expected to maintain dominance in the market as there are customized solutions better suited for individual needs. In addition, the use of SMART concepts for temperature regulation is one of the value-addition in the kids furniture market. Use of digital sensors enable auto warming and auto cooling to comply with external surroundings.

 U.S. kids furniture Market size

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Covid-19 Effect:

Amid the pandemic and shutdown of schools in most parts of Asia Pacific the demand for kids furniture is expected to stride higher in the forthcoming years. However, as the economies are resuming to normal the supplies in the furniture industry is getting restored. Retail companies are now trying and adopting to new normal working conditions to ensure the staff safety.

From consumer perspective, the demand has narrowed down specifically for cabinets and dressers. Parents are getting more conscious with the change in learning models for students. For instance, there is high adoption of online learning and live interaction between students and teachers through online medium and hence, the need for proper furniture is expected to balance the demand.

 Global kids furniture Market share

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Further Findings From the Report Suggest:

l  The demand through online channels is expected to enlarge in the forecast period attributing to the popularity of easy to move articles and consumer preference for online shopping

l  Dressers, cabinets, and chests segment accounted for high CAGR attributing to the growing popularity    

l  Beds, cribs and cots accounted for a significant share attributing to the rise in demand for baby products 

l  Wood based furniture is expected to account for a large share owing to the features of foldable and movable materials

Major Players:

l  Williams Sonoma Inc

l  Hooker Furniture

l  Bassett Furniture Industries

l  Lulu & Georgia

l  Casa Kids

l  Blu Dot

l  Circu

l  WayFair

l  Crate and Barrel

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About Grand View Research

 

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research Guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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