Transparency Market Research delivers key insights on the global midrange high chair market. In terms of revenue, the global midrange high chair market is estimated to expand at a CAGR of 5.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global midrange high chair market.
Midrange high chair companies are expanding their product lines to meet the increasing demand for midrange high chair products. Moreover, strong product innovation among midrange high chair companies with newer features in midrange high chairs is expected to boost the market during the forecast period. In addition, companies are adopting latest technologies to provide extra benefits and more comfort to clients, and also to boost their own efficiencies. All this is expected to have a positive impact on the global midrange high chair market during the forecast period.
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Key Segments:
In terms of product type, the convertible highchairs segment is expected to dominate the midrange high chair market during the forecast period. Based on growth rate, the convertible highchairs segment is expected to expand at a faster rate during the forecast period. Midrange high chairs are expected to see rapid acceptance among residential users. Convertible high chairs generate maximum demand and revenue in the global midrange high chair market, and will continue its dominance throughout the forecast period.
Based on material, polymer is anticipated to hold major share and maintain the share during the forecast period. Vendors in the midrange high chair market are increasingly integrating innovative features in existing products. With the increasing focus of vendors on offering more convenience to end users, the midrange high chair market is anticipated to witness a large number of innovations and product expansion.
In the price segment, the price range between US$ 101 – US$ 150 is expected to expand at the highest CAGR i.e. 5.6%. Residential users are expected to have dominance in the application segment and reach a market value of US$ 612.8 Mn by 2031 in terms of value. Online is the fastest growing segment in the distribution channel, likely to register a CAGR of 5.7% during the forecast period in terms of value.
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Prominent Regions:
The U.S. is the fastest growing segment based on region in the midrange high chair market, projected to register a CAGR of 6.1% by value during the forecast period. The U.S. is followed by Europe in terms of growth, registering a CAGR of 5.4% during the forecast period. The midrange high chair market is anticipated to be driven by rise in birth rates and improved economic conditions. The high chair market has adopted multi-functional features, which help in the development of kids through educative learning methods in the midrange high chair market. This factor is expected to have a positive impact on the midrange high chair market during the forecast period.
APAC and MEA are expected to expand at a CAGR of 4.7% and 4.4% by value during the forecast period. Key players operating in the midrange high chair market in the region are adopting new features to provide quality products to their customers. Increasing promotional activities are also expected to have a positive impact on the market in the region.
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Key Players:
Key players operating in the global midrange high chair market are Graco Children’s Products Inc., phil&teds, Chicco, Joie International Co., Limited, Inglesina, Maxi – Cosi, Stokke AS, Peg Perego, Koala Kare Products, and Mamas & Papas among others.
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