The global kids furniture market size is expected to reach USD 184.52 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 18.9% from 2022 to 2030. With the exponential growth of the residential sector in countries and increased demand for vertical apartments and luxury housing facilities, buyers are taking a keen interest in decorating their homes, kids’ rooms, living rooms, and bathrooms with modern and space-saving furniture. Moreover, the increase in the number of daycare and crèche facilities in both schools as well as office compounds has resulted in an increased demand for kids’ furniture in these facilities.
Kids Furniture Market Report Highlights
- The beds, cots, and cribs product segment accounted for the largest revenue share of over 30.0% in 2021. The growth is attributed to its ease and convenient use for disinfecting and cleaning surfaces
- The wood material segment accounted for the largest revenue share of over 55.0% in 2021. Wood is much stronger in load bearing for both chairs and tables, owing to which wood can support a heavier load without breaking down
- The household application segment accounted for the largest revenue share of over 65.0% in 2021. The commercial application segment is expected to register the fastest CAGR of 21.4% from 2022 to 2030.
- The Middle East and Africa is expected to register the fastest CAGR of 22.8% during the forecast period. The growing per capita income in developing countries across the region will augment the product demand
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Moreover, consumers prefer to purchase kids furniture through online portals and official websites in order to receive value-added services such as cash on delivery, return policy, and aftersales service. Discounted prices, festive season sales, and the availability of a wide range of products on e-commerce websites are expected to drive sales via online platforms.
Additionally, the majority of manufacturers are increasingly focusing on creating environmentally friendly kids furniture. Several consumers prefer products that improve the outer appearance and match the architectural patterns and layout of living spaces and backyards of houses. As a result, manufacturers are increasingly concentrating on providing innovative, luxurious, and aesthetic kids furniture.
Furthermore, the growth of the market is supported by the governments as they are taking initiatives to bridge the gap between housing demand and supply. For instance, in July 2017, the government of Algeria took the initiative to construct 26,000 housing units by 2019. This initiative will contribute to the residential segment growth. Such initiatives are likely to favor the market growth.
Kids Furniture Market Insights By Demographics
North America accounted for the largest revenue share of more than 30.0%. An increase in the working population in North America is a key contributing factor to the demand for kids’ furniture in day care. The Middle East and Africa region is anticipated to register the fastest CAGR of 22.8% from 2022 to 2030. Rapid investments in the construction sector in line with the development of smart city projects are expected to open new opportunities for players in the market over the coming years. Moreover, the growing per capita income in developing countries across the region will augment the product demand.
Industry Share Analysis By Major Manufacturers
The market is highly competitive owing to the presence of a large number of international and regional players. With consumers shifting toward trendy design and multipurpose functions, many brands have been shifting their focus to cater to these demands and make products a significant portion of their business. Some prominent players in the global kids furniture market include:
- Williams Sonoma Inc.
- Billion Dollar Baby Co.
- Wayfair Inc.
- Blu Dot
- First Cry
- KidKraft
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Kids Furniture Market Segmentation
Grand View Research has segmented the global kids furniture market on the basis of product, material, application, and region:
- Kids Furniture Product Outlook (Revenue, USD Billion, 2017 – 2030)
- Kids Furniture Material Outlook (Revenue, USD Billion, 2017 – 2030)
- Kids Furniture Application Outlook (Revenue, USD Billion, 2017 – 2030)
- Kids Furniture Regional Outlook (Revenue, USD Billion, 2017 – 2030)
- List of Key Players of Kids Furniture Market
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
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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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